Ichikawa Co (TSE:3513) EV-to-EBIT: 4.38 (As of Aug. 31, 2026) — 21% Below Median

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TSE:3513 Ichikawa Co Ltd TSE:3513
55 GF Score
Price 円3,240.00
GF Value 円1,976.99
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Ichikawa Co EV-to-EBIT?

Ichikawa Co TSE:3513 +0.31% 55 EV-to-EBIT is 4.38 as of Aug. 31, 2026, which is 21% below its 10-year median of 5.57. GuruFocus rates TSE:3513 with a GF Score™ of 55/100 and a GF Value™ of 円1,976.99 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 198 Forest Products companies, Ichikawa Co ranks better than 90.91% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ichikawa Co's Enterprise Value is 円8,186 Mil. Ichikawa Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,870 Mil. Therefore, Ichikawa Co's EV-to-EBIT for today is 4.38.

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

TSE:3513' s EV-to-EBIT Range Over the Past 10 Years
Min: 0.93   Med: 5.57   Max: 21.36
Current: 4.37

During the past 13 years, the highest EV-to-EBIT of Ichikawa Co was 21.36. The lowest was 0.93. And the median was 5.57.

TSE:3513's EV-to-EBIT is ranked better than
90.91% of 198 companies
in the Forest Products industry
Industry Median: 14.295 vs TSE:3513: 4.37

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ichikawa Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円9,849 Mil. Ichikawa Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,870 Mil. Ichikawa Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.99%.


Ichikawa Co  (TSE:3513) 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) %.

Ichikawa 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 )
=1870/9849.165
=18.99 %

Ichikawa Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円9,849 Mil.
Ichikawa 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1,870 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.


Ichikawa Co EV-to-EBIT Related Terms


Ichikawa Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Ichikawa 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.

Ichikawa Co EV-to-EBIT Chart

Ichikawa 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 3.96 1.21 2.26 2.17 6.02

Ichikawa 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 1.86 2.07 4.83 6.02 0.00

Ichikawa Co EV-to-EBIT Competitor Comparison

For the Paper & Paper Products subindustry, Ichikawa 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.


Ichikawa Co EV-to-EBIT vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ichikawa Co's EV-to-EBIT distribution charts can be found below:

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


TSE:3513
55GF Score
Ichikawa Co Ltd TSE:3513
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichikawa Co EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=8185.769/1870
=4.38

Ichikawa Co's current Enterprise Value is 円8,186 Mil.
Ichikawa 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1,870 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 4.38 mean?
Ichikawa Co (TSE:3513) has a EV-to-EBIT of 4.38 as of Aug. 31, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ichikawa Co and its competitors. This is 21% below median its historical median of 5.57. Over the past decade, Ichikawa Co's EV-to-EBIT has ranged from 0.93 to 21.36. According to the industry distribution chart, Ichikawa Co ranks #18 out of 198 companies in the Forest Products industry, placing it in the top 9.1%.
Is Ichikawa Co's EV-to-EBIT too high?
Ichikawa Co's current EV-to-EBIT of 4.38 is 21% below median its 10-year median of 5.57. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 21.36. The Forest Products industry median EV-to-EBIT is 14.30. Ichikawa Co's value of 4.38 is 69.4% below this industry median. Based on the distribution chart, Ichikawa Co ranks #18 out of 198 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ichikawa Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichikawa Co's EV-to-EBIT compare to competitors?
According to the Forest Products industry distribution chart, Ichikawa Co ranks #18 out of 198 companies for EV-to-EBIT. This places Ichikawa Co in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 14.30. Ichikawa Co's value of 4.38 is 69.4% below this benchmark. Historically, Ichikawa Co's own EV-to-EBIT has ranged from 0.93 to 21.36 over the past decade. While the company's 10-year median is 5.57 vs. the industry median of 14.30, Ichikawa Co 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 Forest Products company?
The median EV-to-EBIT among Forest Products companies is 14.30, based on 198 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. Ichikawa Co's current EV-to-EBIT of 4.38 is 69.4% 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 Ichikawa Co and its competitors. For the Forest Products industry, the median EV-to-EBIT is 14.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichikawa Co's current EV-to-EBIT is 4.38, which is 21% below median its own 10-year median of 5.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichikawa Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,976.99, compared to a current price of 円3,240.00 — trading 63.9% above its estimated fair value. The current EV-to-EBIT is 4.38, which is 21% below median its 10-year median of 5.57 and 69.4% below the Forest Products industry median of 14.30. Ichikawa Co's overall GF Score™ is 55/100 with 1 warning sign 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 Ichikawa Co (TSE:3513), the current EV-to-EBIT is 4.38 as of Aug. 31, 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 Ichikawa Co (TSE:3513) Overvalued in 2026?

Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued. The current stock price of 円3,240.00 is trading 63.9% above its estimated GF Value™ of 円1,976.99. GuruFocus considers Ichikawa Co to be Significantly Overvalued.

Key valuation signals for TSE:3513:

  • EV-to-EBIT: 4.38 (21% below median its 10-year median of 5.57)
  • GF Value™: 円1,976.99 vs. price of 円3,240.00 (63.9% above fair value)
  • GF Score™: 55/100 with 1 warning sign
  • Industry Position: 69.4% below the Forest Products median (#18 of 198)

No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichikawa Co Business Description

Address 2-14-15 Hongo, Bunkyo-ku, Hongo 2, Tokyo, JPN, 113-8442
Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.
55GF Score

Get the complete analysis for TSE:3513

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

円3,240.00
Price
円1,976.99
GF Value