First Baking Co (TSE:2215) EV-to-EBIT: 2.30 (As of Sep. 03, 2026)

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TSE:2215 First Baking Co Ltd TSE:2215
60 GF Score
Price 円610.00
GF Value 円501.90
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is First Baking Co EV-to-EBIT?

First Baking Co TSE:2215 -0.97% 60 EV-to-EBIT is 2.30 as of Sep. 03, 2026. GuruFocus rates TSE:2215 with a GF Score™ of 60/100 and a GF Value™ of 円501.90 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,565 Consumer Packaged Goods companies, First Baking Co ranks better than 95.91% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Baking Co's Enterprise Value is 円1,570 Mil. First Baking Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円683 Mil. Therefore, First Baking Co's EV-to-EBIT for today is 2.30.

The historical rank and industry rank for First Baking Co's EV-to-EBIT or its related term are showing as below:

TSE:2215' s EV-to-EBIT Range Over the Past 10 Years
Min: -184.34   Med: -3.61   Max: 85.77
Current: 2.3

During the past 13 years, the highest EV-to-EBIT of First Baking Co was 85.77. The lowest was -184.34. And the median was -3.61.

TSE:2215's EV-to-EBIT is ranked better than
95.91% of 1565 companies
in the Consumer Packaged Goods industry
Industry Median: 12.35 vs TSE:2215: 2.30

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. First Baking Co's Enterprise Value for the quarter that ended in Jun. 2026 was 円1,098 Mil. First Baking Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円683 Mil. First Baking Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 62.22%.


First Baking Co  (TSE:2215) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

First Baking Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=683/1097.8
=62.22 %

First Baking Co's Enterprise Value for the quarter that ended in Jun. 2026 was 円1,098 Mil.
First Baking Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円683 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Baking Co EV-to-EBIT Related Terms


First Baking Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for First Baking Co's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Baking Co EV-to-EBIT Chart

First Baking Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.21 -3.81 9.91 -0.02 2.71

First Baking Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 6.11 2.71 2.23 1.80

TSE:2215 vs KHC, GIS: EV-to-EBIT Comparison

For the Packaged Foods subindustry, First Baking Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Baking Co EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Baking Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Baking Co's EV-to-EBIT falls into.


TSE:2215
60GF Score
First Baking Co Ltd TSE:2215
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Baking Co EV-to-EBIT Calculation

First Baking Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1570.269/683
=2.30

First Baking Co's current Enterprise Value is 円1,570 Mil.
First Baking Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円683 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 2.30 mean?
First Baking Co (TSE:2215) has a EV-to-EBIT of 2.30 as of Sep. 03, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on First Baking Co and its competitors. According to the industry distribution chart, First Baking Co ranks #64 out of 1565 companies in the Consumer Packaged Goods industry, placing it in the top 4.1%.
Is First Baking Co's EV-to-EBIT too high?
First Baking Co's current EV-to-EBIT is 2.30. The Consumer Packaged Goods industry median EV-to-EBIT is 12.35. First Baking Co's value of 2.30 is 81.4% below this industry median. Based on the distribution chart, First Baking Co ranks #64 out of 1565 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, First Baking Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Baking Co's EV-to-EBIT compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Baking Co ranks #64 out of 1565 companies for EV-to-EBIT. This places First Baking Co in the top 4% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 12.35. First Baking Co's value of 2.30 is 81.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Consumer Packaged Goods company?
The median EV-to-EBIT among Consumer Packaged Goods companies is 12.35, based on 1,565 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Baking Co's current EV-to-EBIT of 2.30 is 81.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on First Baking Co and its competitors. For the Consumer Packaged Goods industry, the median EV-to-EBIT is 12.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Baking Co's current EV-to-EBIT is 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Baking Co stock overvalued right now?
Based on GuruFocus' analysis, First Baking Co (TSE:2215) is currently considered Modestly Overvalued. The stock's GF Value™ is 円501.90, compared to a current price of 円610.00 — trading 21.5% above its estimated fair value. The current EV-to-EBIT is 2.30 and 81.4% below the Consumer Packaged Goods industry median of 12.35. First Baking Co's overall GF Score™ is 60/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For First Baking Co (TSE:2215), the current EV-to-EBIT is 2.30 as of Sep. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Baking Co (TSE:2215) Overvalued in 2026?

Based on GuruFocus' analysis, First Baking Co stock appears to be overvalued. The current stock price of 円610.00 is trading 21.5% above its estimated GF Value™ of 円501.90. GuruFocus considers First Baking Co to be Modestly Overvalued.

Key valuation signals for TSE:2215:

  • EV-to-EBIT: 2.30
  • GF Value™: 円501.90 vs. price of 円610.00 (21.5% above fair value)
  • GF Score™: 60/100 with 2 warning signs
  • Industry Position: 81.4% below the Consumer Packaged Goods median (#64 of 1565)

No single metric tells the full story. See the TSE:2215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Baking Co Business Description

Address 3-6-1 Kogawahigashi town, Kodaira, JPN
First Baking Co Ltd is engaged in manufacture and selling of packaged foods and bakery foods. The products of the company include sip wrapping series, mini croissant series, apple ring series, and large Danish series.
60GF Score

Get the complete analysis for TSE:2215

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円610.00
Price
円501.90
GF Value