FJ Next Holdings Co (TSE:8935) EV-to-EBIT: 2.90 (As of Aug. 22, 2026) — 12% Below 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:8935 FJ Next Holdings Co Ltd TSE:8935
92 GF Score
Price 円2,038.00
GF Value 円1,859.83
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is FJ Next Holdings Co EV-to-EBIT?

FJ Next Holdings Co TSE:8935 -0.59% 92 EV-to-EBIT is 2.90 as of Aug. 22, 2026, which is 12% below its 10-year median of 3.29. GuruFocus rates TSE:8935 with a GF Score™ of 92/100 and a GF Value™ of 円1,859.83 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,350 Real Estate companies, FJ Next Holdings Co ranks better than 91.19% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, FJ Next Holdings Co's Enterprise Value is 円49,889 Mil. FJ Next Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円17,177 Mil. Therefore, FJ Next Holdings Co's EV-to-EBIT for today is 2.90.

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

TSE:8935' s EV-to-EBIT Range Over the Past 10 Years
Min: 0.86   Med: 3.29   Max: 7.77
Current: 2.9

During the past 13 years, the highest EV-to-EBIT of FJ Next Holdings Co was 7.77. The lowest was 0.86. And the median was 3.29.

TSE:8935's EV-to-EBIT is ranked better than
91.19% of 1350 companies
in the Real Estate industry
Industry Median: 13.32 vs TSE:8935: 2.90

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. FJ Next Holdings Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円40,332 Mil. FJ Next Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円17,177 Mil. FJ Next Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.59%.


FJ Next Holdings Co  (TSE:8935) 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) %.

FJ Next Holdings 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 )
=17177/40332.384
=42.59 %

FJ Next Holdings Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円40,332 Mil.
FJ Next Holdings 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17,177 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.


FJ Next Holdings Co EV-to-EBIT Related Terms


FJ Next Holdings Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for FJ Next Holdings 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.

FJ Next Holdings Co EV-to-EBIT Chart

FJ Next Holdings 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 1.02 1.63 2.56 3.45 2.78

FJ Next Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 4.86 8.92 5.62 2.78 0.00

FJ Next Holdings Co EV-to-EBIT Competitor Comparison

For the Real Estate - Diversified subindustry, FJ Next Holdings 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.


FJ Next Holdings Co EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's EV-to-EBIT distribution charts can be found below:

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


TSE:8935
92GF Score
FJ Next Holdings Co Ltd TSE:8935
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FJ Next Holdings Co EV-to-EBIT Calculation

FJ Next Holdings Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=49888.953/17177
=2.90

FJ Next Holdings Co's current Enterprise Value is 円49,889 Mil.
FJ Next Holdings 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17,177 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 2.90 mean?
FJ Next Holdings Co (TSE:8935) has a EV-to-EBIT of 2.90 as of Aug. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on FJ Next Holdings Co and its competitors. This is 12% below median its historical median of 3.29. Over the past decade, FJ Next Holdings Co's EV-to-EBIT has ranged from 0.86 to 7.77. According to the industry distribution chart, FJ Next Holdings Co ranks #119 out of 1350 companies in the Real Estate industry, placing it in the top 8.8%.
Is FJ Next Holdings Co's EV-to-EBIT too high?
FJ Next Holdings Co's current EV-to-EBIT of 2.90 is 12% below median its 10-year median of 3.29. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 7.77. The Real Estate industry median EV-to-EBIT is 13.32. FJ Next Holdings Co's value of 2.90 is 78.2% below this industry median. Based on the distribution chart, FJ Next Holdings Co ranks #119 out of 1350 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, FJ Next Holdings Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's EV-to-EBIT compare to competitors?
According to the Real Estate industry distribution chart, FJ Next Holdings Co ranks #119 out of 1350 companies for EV-to-EBIT. This places FJ Next Holdings Co in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 13.32. FJ Next Holdings Co's value of 2.90 is 78.2% below this benchmark. Historically, FJ Next Holdings Co's own EV-to-EBIT has ranged from 0.86 to 7.77 over the past decade. While the company's 10-year median is 3.29 vs. the industry median of 13.32, FJ Next Holdings 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 Real Estate company?
The median EV-to-EBIT among Real Estate companies is 13.32, based on 1,350 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. FJ Next Holdings Co's current EV-to-EBIT of 2.90 is 78.2% 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 FJ Next Holdings Co and its competitors. For the Real Estate industry, the median EV-to-EBIT is 13.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FJ Next Holdings Co's current EV-to-EBIT is 2.90, which is 12% below median its own 10-year median of 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,859.83, compared to a current price of 円2,038.00 — trading 9.6% above its estimated fair value. The current EV-to-EBIT is 2.90, which is 12% below median its 10-year median of 3.29 and 78.2% below the Real Estate industry median of 13.32. FJ Next Holdings Co's overall GF Score™ is 92/100 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 FJ Next Holdings Co (TSE:8935), the current EV-to-EBIT is 2.90 as of Aug. 22, 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?

Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be overvalued. The current stock price of 円2,038.00 is trading 9.6% above its estimated GF Value™ of 円1,859.83. GuruFocus considers FJ Next Holdings Co to be Fairly Valued.

Key valuation signals for TSE:8935:

  • EV-to-EBIT: 2.90 (12% below median its 10-year median of 3.29)
  • GF Value™: 円1,859.83 vs. price of 円2,038.00 (9.6% above fair value)
  • GF Score™: 92/100 with 4 warning signs
  • Industry Position: 78.2% below the Real Estate median (#119 of 1350)

No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FJ Next Holdings Co Business Description

Address 5-1 Nishi-Shinjuku 6-chome, 10th Floor, Shinjuku Island Tower, Shinjuku-ku, Tokyo, JPN, 163-1310
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
92GF Score

Get the complete analysis for TSE:8935

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

円2,038.00
Price
円1,859.83
GF Value