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MorinagaTSE:2201 -0.86%78 EV-to-EBITDA is 6.60 as of Aug. 10, 2026, which is 43% below its 10-year median of 11.64. GuruFocus rates TSE:2201 with a GF Score™ of 78/100 and a GF Value™ of 円3,174.91 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,643 Consumer Packaged Goods companies, Morinaga ranks better than 73.95% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Morinaga's enterprise value is 円231,425 Mil.
Morinaga's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was 円35,049 Mil. Therefore, Morinaga's EV-to-EBITDA for today is 6.60.
The historical rank and industry rank for Morinaga's EV-to-EBITDA or its related term are showing as below:
TSE:2201'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.79 Med: 11.64 Max: 23.35
Current: 6.49
During the past 13 years, the highest EV-to-EBITDA of Morinaga was 23.35. The lowest was 3.79. And the median was 11.64.
TSE:2201's EV-to-EBITDA is ranked better than 73.95% of 1643
companies
in the Consumer Packaged Goods industry
Industry Median: 9.08
vs TSE:2201: 6.49
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.
Morinaga's share price for today is 円2550.50.
Morinaga's Earnings per Share (Diluted) 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204.540.
* 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).
The historical data trend for Morinaga's EV-to-EBITDA 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.
TSE:2201 vs MDLZ, HSY, TR: EV-to-EBITDA Comparison
For the Confectioners subindustry, Morinaga'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.
Morinaga EV-to-EBITDA vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Morinaga's EV-to-EBITDA falls into.
Morinaga's current Enterprise Value is 円231,425 Mil.
Morinaga's EBITDA 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35,049 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.
Morinaga (TSE:2201) has a EV-to-EBITDA of 6.60 as of Aug. 10, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Morinaga. This is 43% below median its historical median of 11.64. Over the past decade, Morinaga's EV-to-EBITDA has ranged from 3.79 to 23.35. According to the industry distribution chart, Morinaga ranks #428 out of 1643 companies in the Consumer Packaged Goods industry, placing it in the top 26%.
Is Morinaga's EV-to-EBITDA too high?
Morinaga's current EV-to-EBITDA of 6.60 is 43% below median its 10-year median of 11.64. Over the past 10 years, this metric has ranged from a low of 3.79 to a high of 23.35. The Consumer Packaged Goods industry median EV-to-EBITDA is 9.08. Morinaga's value of 6.60 is 27.3% below this industry median. Based on the distribution chart, Morinaga ranks #428 out of 1643 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Morinaga has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga's EV-to-EBITDA compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Morinaga ranks #428 out of 1643 companies for EV-to-EBITDA. This puts Morinaga in the upper half of its industry. The industry median EV-to-EBITDA is 9.08. Morinaga's value of 6.60 is 27.3% below this benchmark. Historically, Morinaga's own EV-to-EBITDA has ranged from 3.79 to 23.35 over the past decade. While the company's 10-year median is 11.64 vs. the industry median of 9.08, Morinaga 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-EBITDA for a Consumer Packaged Goods company?
The median EV-to-EBITDA among Consumer Packaged Goods companies is 9.08, based on 1,643 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. Morinaga's current EV-to-EBITDA of 6.60 is 27.3% 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-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 Morinaga. For the Consumer Packaged Goods industry, the median EV-to-EBITDA is 9.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga's current EV-to-EBITDA is 6.60, which is 43% below median its own 10-year median of 11.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga stock overvalued right now?
Based on GuruFocus' analysis, Morinaga (TSE:2201) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,174.91, compared to a current price of 円2,550.50 — trading 19.7% below its estimated fair value. The current EV-to-EBITDA is 6.60, which is 43% below median its 10-year median of 11.64 and 27.3% below the Consumer Packaged Goods industry median of 9.08. Morinaga's overall GF Score™ is 78/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Morinaga (TSE:2201), the current EV-to-EBITDA is 6.60 as of Aug. 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 Morinaga (TSE:2201) Overvalued in 2026?
Based on GuruFocus' analysis, Morinaga stock appears to be undervalued.
The current stock price of 円2,550.50 is trading 19.7% below its estimated GF Value™ of 円3,174.91.
GuruFocus considers Morinaga to be Modestly Undervalued.
Key valuation signals for TSE:2201:
EV-to-EBITDA: 6.60 (43% below median its 10-year median of 11.64)
GF Value™: 円3,174.91 vs. price of 円2,550.50 (19.7% below fair value)
Industry Position: 27.3% below the Consumer Packaged Goods median (#428 of 1643)
No single metric tells the full story. See the TSE:2201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morinaga & Co Ltd is a Japan-based confectionery company. It has developed a diverse range of confectionery products, canned soft drinks and ice cream that are delicious, fun, and healthy. The company's products are divided into five main divisions, Confectioneries, Foods, Frozen Desserts, Weider, and Healthcare. Confectionaries include Morinaga Biscuits, Chocoball chocolate, Dars chocolate, Koeda chocolate, and HI-CHEW candy. Foods include Morinaga Cocoa; Frozen Desserts include Choco Monaka Jumbo; Weider products include Weider in Jelly; and Healthcare products include Seisho-sabo, Kenpo-shukan, and Collagen drink.
78GF Score
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