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Heiwa Real Estate REIT (TSE:8966) 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.
Heiwa Real Estate REIT's Enterprise Value for the quarter that ended in May. 2026 was 円305,059 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heiwa Real Estate REIT's EBIT for the trailing twelve months (TTM) ended in May. 2026 was 円12,447 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.
* 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 REIT - Diversified subindustry, Heiwa Real Estate REIT'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.
Heiwa Real Estate REIT EV-to-EBIT vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's EV-to-EBIT falls into.
Heiwa Real Estate REIT's current Enterprise Value is 円298,010 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heiwa Real Estate REIT's EBIT for the trailing twelve months (TTM) ended in May. 2026 was 円12,447 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.
Heiwa Real Estate REIT (TSE:8966) has a EV-to-EBIT of 23.94 as of Sep. 10, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Heiwa Real Estate REIT and its competitors. This is 23% below median its historical median of 31.09. Over the past decade, Heiwa Real Estate REIT's EV-to-EBIT has ranged from 20.67 to 42.99. According to the industry distribution chart, Heiwa Real Estate REIT ranks #414 out of 648 companies in the REITs industry, placing it in the top 63.9%.
Is Heiwa Real Estate REIT's EV-to-EBIT too high?
Heiwa Real Estate REIT's current EV-to-EBIT of 23.94 is 23% below median its 10-year median of 31.09. Over the past 10 years, this metric has ranged from a low of 20.67 to a high of 42.99. The REITs industry median EV-to-EBIT is 17.75. Heiwa Real Estate REIT's value of 23.94 is 34.9% above this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #414 out of 648 companies in the REITs industry, which is below the industry midpoint. Overall, Heiwa Real Estate REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's EV-to-EBIT compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #414 out of 648 companies for EV-to-EBIT. This places Heiwa Real Estate REIT in the lower half of its industry. The industry median EV-to-EBIT is 17.75. Heiwa Real Estate REIT's value of 23.94 is 34.9% above this benchmark. Historically, Heiwa Real Estate REIT's own EV-to-EBIT has ranged from 20.67 to 42.99 over the past decade. While the company's 10-year median is 31.09 vs. the industry median of 17.75, Heiwa Real Estate REIT 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 REITs company?
The median EV-to-EBIT among REITs companies is 17.75, based on 648 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. Heiwa Real Estate REIT's current EV-to-EBIT of 23.94 is 34.9% 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 Heiwa Real Estate REIT and its competitors. For the REITs industry, the median EV-to-EBIT is 17.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current EV-to-EBIT is 23.94, which is 23% below median its own 10-year median of 31.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円157,846.20, compared to a current price of 円130,500.00 — trading 17.3% below its estimated fair value. The current EV-to-EBIT is 23.94, which is 23% below median its 10-year median of 31.09 and 34.9% above the REITs industry median of 17.75. Heiwa Real Estate REIT's overall GF Score™ is 70/100 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 Heiwa Real Estate REIT (TSE:8966), the current EV-to-EBIT is 23.94 as of Sep. 10, 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 Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued.
The current stock price of 円130,500.00 is trading 17.3% below its estimated GF Value™ of 円157,846.20.
GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.
Key valuation signals for TSE:8966:
EV-to-EBIT: 23.94 (23% below median its 10-year median of 31.09)
GF Value™: 円157,846.20 vs. price of 円130,500.00 (17.3% below fair value)
Industry Position: 34.9% above the REITs median (#414 of 648)
No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
70GF Score
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