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fonfunTSE:2323 +1.23%67 EV-to-EBITDA is 16.76 as of Sep. 07, 2026, which is 42% below its 10-year median of 28.88. GuruFocus rates TSE:2323 with a GF Score™ of 67/100 and a GF Value™ of 円434.02 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,951 Software companies, fonfun ranks worse than 67.61% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, fonfun's enterprise value is 円7,717 Mil.
fonfun's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was 円461 Mil. Therefore, fonfun's EV-to-EBITDA for today is 16.76.
The historical rank and industry rank for fonfun's EV-to-EBITDA or its related term are showing as below:
TSE:2323'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -755.92 Med: 28.88 Max: 348.68
Current: 16.75
During the past 13 years, the highest EV-to-EBITDA of fonfun was 348.68. The lowest was -755.92. And the median was 28.88.
TSE:2323's EV-to-EBITDA is ranked worse than 67.61% of 1951
companies
in the Software industry
Industry Median: 10.42
vs TSE:2323: 16.75
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.
As of today (2026-09-07), fonfun's stock price is 円328.00.
fonfun's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円20.500. Therefore, fonfun's PE Ratio (TTM) for today is 16.00.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
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.
fonfun's share price for today is 円328.00.
fonfun'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20.500.
* 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 fonfun'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:2323 vs IBM, ACN, CTSH: EV-to-EBITDA Comparison
For the Information Technology Services subindustry, fonfun'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.
fonfun EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, fonfun's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where fonfun's EV-to-EBITDA falls into.
fonfun's current Enterprise Value is 円7,717 Mil.
fonfun'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461 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.
fonfun (TSE:2323) has a EV-to-EBITDA of 16.76 as of Sep. 07, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on fonfun. This is 42% below median its historical median of 28.88. According to the industry distribution chart, fonfun ranks #1319 out of 1951 companies in the Software industry, placing it in the top 67.6%.
Is fonfun's EV-to-EBITDA too high?
fonfun's current EV-to-EBITDA of 16.76 is 42% below median its 10-year median of 28.88. The Software industry median EV-to-EBITDA is 10.42. fonfun's value of 16.76 is 60.8% above this industry median. Based on the distribution chart, fonfun ranks #1319 out of 1951 companies in the Software industry, which is below the industry midpoint. Overall, fonfun has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does fonfun's EV-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, fonfun ranks #1319 out of 1951 companies for EV-to-EBITDA. This places fonfun in the lower half of its industry. The industry median EV-to-EBITDA is 10.42. fonfun's value of 16.76 is 60.8% above this benchmark. While the company's 10-year median is 28.88 vs. the industry median of 10.42, fonfun 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 Software company?
The median EV-to-EBITDA among Software companies is 10.42, based on 1,951 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. fonfun's current EV-to-EBITDA of 16.76 is 60.8% 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 fonfun. For the Software industry, the median EV-to-EBITDA is 10.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. fonfun's current EV-to-EBITDA is 16.76, which is 42% below median its own 10-year median of 28.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is fonfun stock overvalued right now?
Based on GuruFocus' analysis, fonfun (TSE:2323) is currently considered Modestly Undervalued. The stock's GF Value™ is 円434.02, compared to a current price of 円328.00 — trading 24.4% below its estimated fair value. The current EV-to-EBITDA is 16.76, which is 42% below median its 10-year median of 28.88 and 60.8% above the Software industry median of 10.42. fonfun's overall GF Score™ is 67/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For fonfun (TSE:2323), the current EV-to-EBITDA is 16.76 as of Sep. 07, 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 fonfun (TSE:2323) Overvalued in 2026?
Based on GuruFocus' analysis, fonfun stock appears to be undervalued.
The current stock price of 円328.00 is trading 24.4% below its estimated GF Value™ of 円434.02.
GuruFocus considers fonfun to be Modestly Undervalued.
Key valuation signals for TSE:2323:
EV-to-EBITDA: 16.76 (42% below median its 10-year median of 28.88)
GF Value™: 円434.02 vs. price of 円328.00 (24.4% below fair value)
Industry Position: 60.8% above the Software median (#1319 of 1951)
No single metric tells the full story. See the TSE:2323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
fonfun Corp provides various content services with a focus on services for the Internet-enabled mobile phone. Its web security business provides web application diagnosis and network diagnostics. Its segments include: Remote mail business, SMS business, Contracted software development business, and Voice mail business. The company derives maximum revenue from SMS business.
67GF Score
Get the complete analysis for TSE:2323
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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