Kayac (TSE:3904) EV-to-EBIT: 4.15 (As of Sep. 04, 2026) — 63% Below Median

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TSE:3904 Kayac Inc TSE:3904
60 GF Score
Price 円431.00
GF Value 円845.35
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Kayac EV-to-EBIT?

Kayac TSE:3904 60 EV-to-EBIT is 4.15 as of Sep. 04, 2026, which is 63% below its 10-year median of 11.24. GuruFocus rates TSE:3904 with a GF Score™ of 60/100 and a GF Value™ of 円845.35 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 325 Interactive Media companies, Kayac ranks better than 73.85% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Kayac's Enterprise Value is 円4,711 Mil. Kayac's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円1,135 Mil. Therefore, Kayac's EV-to-EBIT for today is 4.15.

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

TSE:3904' s EV-to-EBIT Range Over the Past 10 Years
Min: -127.64   Med: 11.24   Max: 63.45
Current: 4.15

During the past 13 years, the highest EV-to-EBIT of Kayac was 63.45. The lowest was -127.64. And the median was 11.24.

TSE:3904's EV-to-EBIT is ranked better than
73.85% of 325 companies
in the Interactive Media industry
Industry Median: 8.45 vs TSE:3904: 4.15

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Kayac's Enterprise Value for the quarter that ended in Jun. 2026 was 円4,110 Mil. Kayac's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円1,135 Mil. Kayac's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 27.61%.


Kayac  (TSE:3904) 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) %.

Kayac'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 )
=1134.738/4110.488
=27.61 %

Kayac's Enterprise Value for the quarter that ended in Jun. 2026 was 円4,110 Mil.
Kayac'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1,135 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.


Kayac EV-to-EBIT Related Terms


Kayac EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Kayac'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.

Kayac EV-to-EBIT Chart

Kayac 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 7.58 9.88 9.10 16.16 5.13

Kayac 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 10.19 5.43 5.13 3.69 3.62

TSE:3904 vs NTES, TTWO, RBLX: EV-to-EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, Kayac'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.


Kayac EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kayac's EV-to-EBIT distribution charts can be found below:

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


TSE:3904
60GF Score
Kayac Inc TSE:3904
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kayac EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=4711.238/1134.738
=4.15

Kayac's current Enterprise Value is 円4,711 Mil.
Kayac'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1,135 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 4.15 mean?
Kayac (TSE:3904) has a EV-to-EBIT of 4.15 as of Sep. 04, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Kayac and its competitors. This is 63% below median its historical median of 11.24. According to the industry distribution chart, Kayac ranks #85 out of 325 companies in the Interactive Media industry, placing it in the top 26.2%.
Is Kayac's EV-to-EBIT too high?
Kayac's current EV-to-EBIT of 4.15 is 63% below median its 10-year median of 11.24. The Interactive Media industry median EV-to-EBIT is 8.45. Kayac's value of 4.15 is 50.9% below this industry median. Based on the distribution chart, Kayac ranks #85 out of 325 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Kayac has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kayac's EV-to-EBIT compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Kayac ranks #85 out of 325 companies for EV-to-EBIT. This puts Kayac in the upper half of its industry. The industry median EV-to-EBIT is 8.45. Kayac's value of 4.15 is 50.9% below this benchmark. While the company's 10-year median is 11.24 vs. the industry median of 8.45, Kayac 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 an Interactive Media company?
The median EV-to-EBIT among Interactive Media companies is 8.45, based on 325 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. Kayac's current EV-to-EBIT of 4.15 is 50.9% 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 Kayac and its competitors. For the Interactive Media industry, the median EV-to-EBIT is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kayac's current EV-to-EBIT is 4.15, which is 63% below median its own 10-year median of 11.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayac stock overvalued right now?
Based on GuruFocus' analysis, Kayac (TSE:3904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円845.35, compared to a current price of 円431.00 — trading 49% below its estimated fair value. The current EV-to-EBIT is 4.15, which is 63% below median its 10-year median of 11.24 and 50.9% below the Interactive Media industry median of 8.45. Kayac's overall GF Score™ is 60/100 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 Kayac (TSE:3904), the current EV-to-EBIT is 4.15 as of Sep. 04, 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 Kayac (TSE:3904) Overvalued in 2026?

Based on GuruFocus' analysis, Kayac stock appears to be undervalued. The current stock price of 円431.00 is trading 49% below its estimated GF Value™ of 円845.35. GuruFocus considers Kayac to be Significantly Undervalued.

Key valuation signals for TSE:3904:

  • EV-to-EBIT: 4.15 (63% below median its 10-year median of 11.24)
  • GF Value™: 円845.35 vs. price of 円431.00 (49% below fair value)
  • GF Score™: 60/100 with 1 warning sign
  • Industry Position: 50.9% below the Interactive Media median (#85 of 325)

No single metric tells the full story. See the TSE:3904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kayac Business Description

Address 11-8 Onarimachi, Former Bank Building, Kanagawa Prefecture, Kamakura, JPN, 248-0012
Kayac Inc is a Japanese entertainment content business. The group operates a digital platform, a publishing business, and develops and invests in area-specific content in key regions. It provides services of Regional capitalism, Game Entertainment, Interesting Production, e-sports, and Others.
60GF Score

Get the complete analysis for TSE:3904

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

円431.00
Price
円845.35
GF Value