Project Holdings (TSE:9246) EV-to-EBIT: 21.90 (As of Sep. 20, 2026) — 28% Below Median

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TSE:9246 Project Holdings Inc TSE:9246
77 GF Score
Price 円1,120.00
GF Value 円1,635.67
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Project Holdings EV-to-EBIT?

Project Holdings TSE:9246 +1.63% 77 EV-to-EBIT is 21.90 as of Sep. 20, 2026, which is 28% below its 10-year median of 30.40. GuruFocus rates TSE:9246 with a GF Score™ of 77/100 and a GF Value™ of 円1,635.67 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 862 Business Services companies, Project Holdings ranks worse than 79.23% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Project Holdings's Enterprise Value is 円5,149 Mil. Project Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円235 Mil. Therefore, Project Holdings's EV-to-EBIT for today is 21.90.

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

TSE:9246' s EV-to-EBIT Range Over the Past 10 Years
Min: -79.82   Med: 30.4   Max: 4130.26
Current: 21.9

During the past 7 years, the highest EV-to-EBIT of Project Holdings was 4130.26. The lowest was -79.82. And the median was 30.40.

TSE:9246's EV-to-EBIT is ranked worse than
79.23% of 862 companies
in the Business Services industry
Industry Median: 11.11 vs TSE:9246: 21.90

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Project Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was 円4,525 Mil. Project Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円235 Mil. Project Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 5.20%.


Project Holdings  (TSE:9246) 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) %.

Project Holdings'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 )
=235.073/4524.848
=5.20 %

Project Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was 円4,525 Mil.
Project Holdings'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235 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.


Project Holdings EV-to-EBIT Related Terms


Project Holdings EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Project Holdings'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.

Project Holdings EV-to-EBIT Chart

Project Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial 38.90 35.91 13.60 -19.13 31.52

Project Holdings 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 -35.15 -35.24 31.50 27.78 19.25

TSE:9246 vs VRSK, EFX, BAH: EV-to-EBIT Comparison

For the Consulting Services subindustry, Project Holdings'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.


Project Holdings EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Project Holdings's EV-to-EBIT distribution charts can be found below:

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


TSE:9246
77GF Score
Project Holdings Inc TSE:9246
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Project Holdings EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=5148.836/235.073
=21.90

Project Holdings's current Enterprise Value is 円5,149 Mil.
Project Holdings'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235 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 21.90 mean?
Project Holdings (TSE:9246) has a EV-to-EBIT of 21.90 as of Sep. 20, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Project Holdings and its competitors. This is 28% below median its historical median of 30.40. According to the industry distribution chart, Project Holdings ranks #683 out of 862 companies in the Business Services industry, placing it in the top 79.2%.
Is Project Holdings' EV-to-EBIT too high?
Project Holdings' current EV-to-EBIT of 21.90 is 28% below median its 10-year median of 30.40. The Business Services industry median EV-to-EBIT is 11.11. Project Holdings' value of 21.90 is 97.1% above this industry median. Based on the distribution chart, Project Holdings ranks #683 out of 862 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Project Holdings has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Project Holdings' EV-to-EBIT compare to VRSK and EFX?
According to the Business Services industry distribution chart, Project Holdings ranks #683 out of 862 companies for EV-to-EBIT. This places Project Holdings in the lower half of its industry. The industry median EV-to-EBIT is 11.11. Project Holdings' value of 21.90 is 97.1% above this benchmark. While the company's 10-year median is 30.40 vs. the industry median of 11.11, Project Holdings 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 Business Services company?
The median EV-to-EBIT among Business Services companies is 11.11, based on 862 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. Project Holdings's current EV-to-EBIT of 21.90 is 97.1% 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 Project Holdings and its competitors. For the Business Services industry, the median EV-to-EBIT is 11.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Project Holdings's current EV-to-EBIT is 21.90, which is 28% below median its own 10-year median of 30.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Project Holdings stock overvalued right now?
Based on GuruFocus' analysis, Project Holdings (TSE:9246) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,635.67, compared to a current price of 円1,120.00 — trading 31.5% below its estimated fair value. The current EV-to-EBIT is 21.90, which is 28% below median its 10-year median of 30.40 and 97.1% above the Business Services industry median of 11.11. Project Holdings' overall GF Score™ is 77/100 with 2 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 Project Holdings (TSE:9246), the current EV-to-EBIT is 21.90 as of Sep. 20, 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 Project Holdings (TSE:9246) Overvalued in 2026?

Based on GuruFocus' analysis, Project Holdings stock appears to be undervalued. The current stock price of 円1,120.00 is trading 31.5% below its estimated GF Value™ of 円1,635.67. GuruFocus considers Project Holdings to be Significantly Undervalued.

Key valuation signals for TSE:9246:

  • EV-to-EBIT: 21.90 (28% below median its 10-year median of 30.40)
  • GF Value™: 円1,635.67 vs. price of 円1,120.00 (31.5% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 97.1% above the Business Services median (#683 of 862)

No single metric tells the full story. See the TSE:9246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Project Holdings Business Description

Address 1-3-1 Azabudai, 24th Floor, Azabudai Hills Mori JP Tower, Minato-ku, Tokyo, JPN, 106-0041
Project Holdings Inc is engaged in providing consulting services for new business development and the reform of existing businesses through the use of digital technologies. The company plans digital marketing strategies and improves the UI/UX of smartphone applications. Its services include business solutions, marketing solutions, and UI/UX solutions.
77GF Score

Get the complete analysis for TSE:9246

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

円1,120.00
Price
円1,635.67
GF Value