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.
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.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ichigo Office REIT Investment's enterprise value is $1,673.2 Mil.
Ichigo Office REIT Investment's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was $71.6 Mil. Therefore, Ichigo Office REIT Investment's EV-to-EBITDA for today is 23.37.
The historical rank and industry rank for Ichigo Office REIT Investment's EV-to-EBITDA or its related term are showing as below:
FCRQF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 18.06 Med: 25.12 Max: 34.91
Current: 23.68
During the past 13 years, the highest EV-to-EBITDA of Ichigo Office REIT Investment was 34.91. The lowest was 18.06. And the median was 25.12.
FCRQF's EV-to-EBITDA is ranked worse than 82.04% of 668
companies
in the REITs industry
Industry Median: 15.34
vs FCRQF: 23.68
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Ichigo Office REIT Investment's PE Ratio (TTM) for today is calculated as:
Ichigo Office REIT Investment's share price for today is $585.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ichigo Office REIT Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was $32.840.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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 - Office subindustry, Ichigo Office REIT Investment's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Ichigo Office REIT Investment EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ichigo Office REIT Investment's EV-to-EBITDA falls into.
Ichigo Office REIT Investment's current Enterprise Value is $1,673.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ichigo Office REIT Investment's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was $71.6 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.
Ichigo Office REIT Investment (FCRQF) has a EV-to-EBITDA of 23.37 as of Aug. 29, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ichigo Office REIT Investment. This is near median its historical median of 25.12. Over the past decade, Ichigo Office REIT Investment's EV-to-EBITDA has ranged from 18.06 to 34.91. According to the industry distribution chart, Ichigo Office REIT Investment ranks #548 out of 668 companies in the REITs industry, placing it in the top 82%.
Is Ichigo Office REIT Investment's EV-to-EBITDA too high?
Ichigo Office REIT Investment's current EV-to-EBITDA of 23.37 is near median its 10-year median of 25.12. Over the past 10 years, this metric has ranged from a low of 18.06 to a high of 34.91. The REITs industry median EV-to-EBITDA is 15.34. Ichigo Office REIT Investment's value of 23.37 is 52.3% above this industry median. Based on the distribution chart, Ichigo Office REIT Investment ranks #548 out of 668 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ichigo Office REIT Investment has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Ichigo Office REIT Investment's EV-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, Ichigo Office REIT Investment ranks #548 out of 668 companies for EV-to-EBITDA. This places Ichigo Office REIT Investment in the lower half of its industry. The industry median EV-to-EBITDA is 15.34. Ichigo Office REIT Investment's value of 23.37 is 52.3% above this benchmark. Historically, Ichigo Office REIT Investment's own EV-to-EBITDA has ranged from 18.06 to 34.91 over the past decade. While the company's 10-year median is 25.12 vs. the industry median of 15.34, Ichigo Office REIT Investment 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-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.34, based on 668 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ichigo Office REIT Investment's current EV-to-EBITDA of 23.37 is 52.3% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ichigo Office REIT Investment. For the REITs industry, the median EV-to-EBITDA is 15.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo Office REIT Investment's current EV-to-EBITDA is 23.37, which is near median its own 10-year median of 25.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo Office REIT Investment stock overvalued right now?
Ichigo Office REIT Investment (FCRQF) has a current EV-to-EBITDA of 23.37. The stock's GF Value™ is $547.59, compared to a current price of $585.00 — trading 6.8% above its estimated fair value. The current EV-to-EBITDA is 23.37, which is near median its 10-year median of 25.12 and 52.3% above the REITs industry median of 15.34. Ichigo Office REIT Investment's overall GF Score™ is 67/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Ichigo Office REIT Investment (FCRQF), the current EV-to-EBITDA is 23.37 as of Aug. 29, 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 Ichigo Office REIT Investment (FCRQF) Overvalued in 2026?
Based on GuruFocus' analysis, Ichigo Office REIT Investment stock appears to be overvalued.
The current stock price of $585.00 is trading 6.8% above its estimated GF Value™ of $547.59.
Key valuation signals for FCRQF:
EV-to-EBITDA: 23.37 (near median its 10-year median of 25.12)
GF Value™: $547.59 vs. price of $585.00 (6.8% above fair value)
Industry Position: 52.3% above the REITs median (#548 of 668)
No single metric tells the full story. See the FCRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.
67GF Score
Get the complete analysis for FCRQF
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FCRQF has been successfully added to your 
