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MERFTSE:3168 -0.16%51 EV-to-EBIT is 8.77 as of Sep. 03, 2026, which is 23% below its 10-year median of 11.37. GuruFocus rates TSE:3168 with a GF Score™ of 51/100 and a GF Value™ of 円581.37 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 671 Metals & Mining companies, MERF ranks better than 63.49% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, MERF's Enterprise Value is 円34,879 Mil.
MERF's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was 円3,975 Mil. Therefore, MERF's EV-to-EBIT for today is 8.77.
The historical rank and industry rank for MERF's EV-to-EBIT or its related term are showing as below:
TSE:3168'
s EV-to-EBIT Range Over the Past 10 Years
Min: -1371.7 Med: 11.37 Max: 24363.61
Current: 8.76
During the past 13 years, the highest EV-to-EBIT of MERF was 24363.61. The lowest was -1371.70. And the median was 11.37.
TSE:3168's EV-to-EBIT is ranked better than 63.49% of 671
companies
in the Metals & Mining industry
Industry Median: 11.89
vs TSE:3168: 8.76
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.
MERF's Enterprise Value for the quarter that ended in Feb. 2026 was 円37,098 Mil.
MERF's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円3,975 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.
MERF EV-to-EBIT Related Terms
MERF EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for MERF'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.
For the Other Industrial Metals & Mining subindustry, MERF'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.
MERF EV-to-EBIT vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MERF's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where MERF's EV-to-EBIT falls into.
MERF's current Enterprise Value is 円34,879 Mil.
MERF's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円3,975 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.
MERF (TSE:3168) has a EV-to-EBIT of 8.77 as of Sep. 03, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on MERF and its competitors. This is 23% below median its historical median of 11.37. According to the industry distribution chart, MERF ranks #245 out of 671 companies in the Metals & Mining industry, placing it in the top 36.5%.
Is MERF's EV-to-EBIT too high?
MERF's current EV-to-EBIT of 8.77 is 23% below median its 10-year median of 11.37. The Metals & Mining industry median EV-to-EBIT is 11.89. MERF's value of 8.77 is 26.2% below this industry median. Based on the distribution chart, MERF ranks #245 out of 671 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, MERF has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MERF's EV-to-EBIT compare to competitors?
According to the Metals & Mining industry distribution chart, MERF ranks #245 out of 671 companies for EV-to-EBIT. This puts MERF in the upper half of its industry. The industry median EV-to-EBIT is 11.89. MERF's value of 8.77 is 26.2% below this benchmark. While the company's 10-year median is 11.37 vs. the industry median of 11.89, MERF has consistently been below 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 Metals & Mining company?
The median EV-to-EBIT among Metals & Mining companies is 11.89, based on 671 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. MERF's current EV-to-EBIT of 8.77 is 26.2% 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 MERF and its competitors. For the Metals & Mining industry, the median EV-to-EBIT is 11.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MERF's current EV-to-EBIT is 8.77, which is 23% below median its own 10-year median of 11.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MERF stock overvalued right now?
Based on GuruFocus' analysis, MERF (TSE:3168) is currently considered Significantly Overvalued. The stock's GF Value™ is 円581.37, compared to a current price of 円1,276.00 — trading 119.5% above its estimated fair value. The current EV-to-EBIT is 8.77, which is 23% below median its 10-year median of 11.37 and 26.2% below the Metals & Mining industry median of 11.89. MERF's overall GF Score™ is 51/100 with 4 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 MERF (TSE:3168), the current EV-to-EBIT is 8.77 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 MERF (TSE:3168) Overvalued in 2026?
Based on GuruFocus' analysis, MERF stock appears to be overvalued.
The current stock price of 円1,276.00 is trading 119.5% above its estimated GF Value™ of 円581.37.
GuruFocus considers MERF to be Significantly Overvalued.
Key valuation signals for TSE:3168:
EV-to-EBIT: 8.77 (23% below median its 10-year median of 11.37)
GF Value™: 円581.37 vs. price of 円1,276.00 (119.5% above fair value)
Industry Position: 26.2% below the Metals & Mining median (#245 of 671)
No single metric tells the full story. See the TSE:3168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MERF Inc is engaged in recycling non-ferrous metals, focusing on copper and copper alloys. Its business activities are divided into two main segments: the Ingot Business, which involves the manufacturing of copper alloy ingots, and the Metal Recycling Raw Materials Business, which is engaged in metal recycling. It is also involved in the manufacturing and selling of art and craft products segment.
51GF Score
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