Morinaga Milk Industry Co (TSE:2264) EV-to-EBIT: 14.17 (As of Aug. 27, 2026) — 12% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2264 Morinaga Milk Industry Co Ltd TSE:2264
68 GF Score
Price 円1,176.00
GF Value 円889.47
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Morinaga Milk Industry Co EV-to-EBIT?

Morinaga Milk Industry Co TSE:2264 -0.80% 68 EV-to-EBIT is 14.17 as of Aug. 27, 2026, which is 12% above its 10-year median of 12.64. GuruFocus rates TSE:2264 with a GF Score™ of 68/100 and a GF Value™ of 円889.47 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,564 Consumer Packaged Goods companies, Morinaga Milk Industry Co ranks worse than 58.38% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Morinaga Milk Industry Co's Enterprise Value is 円478,354 Mil. Morinaga Milk Industry Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円33,757 Mil. Therefore, Morinaga Milk Industry Co's EV-to-EBIT for today is 14.17.

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

TSE:2264' s EV-to-EBIT Range Over the Past 10 Years
Min: 2.55   Med: 12.64   Max: 22.35
Current: 14.17

During the past 13 years, the highest EV-to-EBIT of Morinaga Milk Industry Co was 22.35. The lowest was 2.55. And the median was 12.64.

TSE:2264's EV-to-EBIT is ranked worse than
58.38% of 1564 companies
in the Consumer Packaged Goods industry
Industry Median: 12.305 vs TSE:2264: 14.17

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Morinaga Milk Industry Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円486,029 Mil. Morinaga Milk Industry Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円33,757 Mil. Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.95%.


Morinaga Milk Industry Co  (TSE:2264) 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) %.

Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=33757/486029.025
=6.95 %

Morinaga Milk Industry Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円486,029 Mil.
Morinaga Milk Industry Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円33,757 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.


Morinaga Milk Industry Co EV-to-EBIT Related Terms


Morinaga Milk Industry Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Morinaga Milk Industry 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.

Morinaga Milk Industry Co EV-to-EBIT Chart

Morinaga Milk Industry Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 12.33 3.31 20.31 14.38

Morinaga Milk Industry Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 18.80 15.47 14.83 14.38 0.00

TSE:2264 vs KHC, GIS: EV-to-EBIT Comparison

For the Packaged Foods subindustry, Morinaga Milk Industry 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.


Morinaga Milk Industry Co EV-to-EBIT vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Morinaga Milk Industry Co's EV-to-EBIT falls into.


TSE:2264
68GF Score
Morinaga Milk Industry Co Ltd TSE:2264
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morinaga Milk Industry Co EV-to-EBIT Calculation

Morinaga Milk Industry Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=478354.198/33757
=14.17

Morinaga Milk Industry Co's current Enterprise Value is 円478,354 Mil.
Morinaga Milk Industry Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円33,757 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 14.17 mean?
Morinaga Milk Industry Co (TSE:2264) has a EV-to-EBIT of 14.17 as of Aug. 27, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Morinaga Milk Industry Co and its competitors. This is 12% above median its historical median of 12.64. Over the past decade, Morinaga Milk Industry Co's EV-to-EBIT has ranged from 2.55 to 22.35. According to the industry distribution chart, Morinaga Milk Industry Co ranks #913 out of 1564 companies in the Consumer Packaged Goods industry, placing it in the top 58.4%.
Is Morinaga Milk Industry Co's EV-to-EBIT too high?
Morinaga Milk Industry Co's current EV-to-EBIT of 14.17 is 12% above median its 10-year median of 12.64. Over the past 10 years, this metric has ranged from a low of 2.55 to a high of 22.35. The Consumer Packaged Goods industry median EV-to-EBIT is 12.31. Morinaga Milk Industry Co's value of 14.17 is 15.2% above this industry median. Based on the distribution chart, Morinaga Milk Industry Co ranks #913 out of 1564 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Morinaga Milk Industry Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's EV-to-EBIT compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Morinaga Milk Industry Co ranks #913 out of 1564 companies for EV-to-EBIT. This places Morinaga Milk Industry Co in the lower half of its industry. The industry median EV-to-EBIT is 12.31. Morinaga Milk Industry Co's value of 14.17 is 15.2% above this benchmark. Historically, Morinaga Milk Industry Co's own EV-to-EBIT has ranged from 2.55 to 22.35 over the past decade. While the company's 10-year median is 12.64 vs. the industry median of 12.31, Morinaga Milk Industry Co has consistently been above the industry average. 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 12.31, based on 1,564 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. Morinaga Milk Industry Co's current EV-to-EBIT of 14.17 is 15.2% above 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 Morinaga Milk Industry Co and its competitors. For the Consumer Packaged Goods industry, the median EV-to-EBIT is 12.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga Milk Industry Co's current EV-to-EBIT is 14.17, which is 12% above median its own 10-year median of 12.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga Milk Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Morinaga Milk Industry Co (TSE:2264) is currently considered Significantly Overvalued. The stock's GF Value™ is 円889.47, compared to a current price of 円1,176.00 — trading 32.2% above its estimated fair value. The current EV-to-EBIT is 14.17, which is 12% above median its 10-year median of 12.64 and 15.2% above the Consumer Packaged Goods industry median of 12.31. Morinaga Milk Industry Co's overall GF Score™ is 68/100 with 3 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 Morinaga Milk Industry Co (TSE:2264), the current EV-to-EBIT is 14.17 as of Aug. 27, 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 Morinaga Milk Industry Co (TSE:2264) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be overvalued. The current stock price of 円1,176.00 is trading 32.2% above its estimated GF Value™ of 円889.47. GuruFocus considers Morinaga Milk Industry Co to be Significantly Overvalued.

Key valuation signals for TSE:2264:

  • EV-to-EBIT: 14.17 (12% above median its 10-year median of 12.64)
  • GF Value™: 円889.47 vs. price of 円1,176.00 (32.2% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 15.2% above the Consumer Packaged Goods median (#913 of 1564)

No single metric tells the full story. See the TSE:2264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morinaga Milk Industry Co Business Description

Other Exchanges MO8:Germany
Address 33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384
Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.
68GF Score

Get the complete analysis for TSE:2264

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

円1,176.00
Price
円889.47
GF Value