Forside Co (TSE:2330) EV-to-EBITDA: 3.12 (As of Sep. 05, 2026) — 75% Below Median

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TSE:2330 Forside Co Ltd TSE:2330
53 GF Score
Price 円86.00
GF Value 円174.20
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Forside Co EV-to-EBITDA?

Forside Co TSE:2330 -2.27% 53 EV-to-EBITDA is 3.12 as of Sep. 05, 2026, which is 75% below its 10-year median of 12.26. GuruFocus rates TSE:2330 with a GF Score™ of 53/100 and a GF Value™ of 円174.20 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 699 Travel & Leisure companies, Forside Co ranks better than 89.27% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Forside Co's enterprise value is 円1,899 Mil. Forside Co's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was 円608 Mil. Therefore, Forside Co's EV-to-EBITDA for today is 3.12.

The historical rank and industry rank for Forside Co's EV-to-EBITDA or its related term are showing as below:

TSE:2330' s EV-to-EBITDA Range Over the Past 10 Years
Min: -825.54   Med: 12.26   Max: 3303.99
Current: 3.13

During the past 13 years, the highest EV-to-EBITDA of Forside Co was 3303.99. The lowest was -825.54. And the median was 12.26.

TSE:2330's EV-to-EBITDA is ranked better than
89.27% of 699 companies
in the Travel & Leisure industry
Industry Median: 9.57 vs TSE:2330: 3.13

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 (2026-09-05), Forside Co's stock price is 円86.00. Forside Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was 円9.660. Therefore, Forside Co's PE Ratio (TTM) for today is 8.90.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Forside Co  (TSE:2330) EV-to-EBITDA Explanation

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.

Forside Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=86.00/9.660
=8.90

Forside Co's share price for today is 円86.00.
Forside Co's Earnings per Share (Diluted) 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9.660.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Forside Co EV-to-EBITDA Related Terms


Forside Co EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Forside Co'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.

Forside Co EV-to-EBITDA Chart

Forside Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.93 -35.29 9.97 41.09 8.85

Forside Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 22.03 18.12 8.85 5.24 3.42

TSE:2330 vs AS, HAS, LTH: EV-to-EBITDA Comparison

For the Leisure subindustry, Forside Co'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.


Forside Co EV-to-EBITDA vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Forside Co's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Forside Co's EV-to-EBITDA falls into.


TSE:2330
53GF Score
Forside Co Ltd TSE:2330
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forside Co EV-to-EBITDA Calculation

Forside Co's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=1899.351/608.033
=3.12

Forside Co's current Enterprise Value is 円1,899 Mil.
Forside Co's EBITDA 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608 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-EBITDA →
What does a EV-to-EBITDA of 3.12 mean?
Forside Co (TSE:2330) has a EV-to-EBITDA of 3.12 as of Sep. 05, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Forside Co. This is 75% below median its historical median of 12.26. According to the industry distribution chart, Forside Co ranks #75 out of 699 companies in the Travel & Leisure industry, placing it in the top 10.7%.
Is Forside Co's EV-to-EBITDA too high?
Forside Co's current EV-to-EBITDA of 3.12 is 75% below median its 10-year median of 12.26. The Travel & Leisure industry median EV-to-EBITDA is 9.57. Forside Co's value of 3.12 is 67.4% below this industry median. Based on the distribution chart, Forside Co ranks #75 out of 699 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Forside Co has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forside Co's EV-to-EBITDA compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Forside Co ranks #75 out of 699 companies for EV-to-EBITDA. This places Forside Co in the top 11% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.57. Forside Co's value of 3.12 is 67.4% below this benchmark. While the company's 10-year median is 12.26 vs. the industry median of 9.57, Forside Co 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 Travel & Leisure company?
The median EV-to-EBITDA among Travel & Leisure companies is 9.57, based on 699 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. Forside Co's current EV-to-EBITDA of 3.12 is 67.4% 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 Forside Co. For the Travel & Leisure industry, the median EV-to-EBITDA is 9.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forside Co's current EV-to-EBITDA is 3.12, which is 75% below median its own 10-year median of 12.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forside Co stock overvalued right now?
Based on GuruFocus' analysis, Forside Co (TSE:2330) is currently considered Significantly Undervalued. The stock's GF Value™ is 円174.20, compared to a current price of 円86.00 — trading 50.6% below its estimated fair value. The current EV-to-EBITDA is 3.12, which is 75% below median its 10-year median of 12.26 and 67.4% below the Travel & Leisure industry median of 9.57. Forside Co's overall GF Score™ is 53/100 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 Forside Co (TSE:2330), the current EV-to-EBITDA is 3.12 as of Sep. 05, 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 Forside Co (TSE:2330) Overvalued in 2026?

Based on GuruFocus' analysis, Forside Co stock appears to be undervalued. The current stock price of 円86.00 is trading 50.6% below its estimated GF Value™ of 円174.20. GuruFocus considers Forside Co to be Significantly Undervalued.

Key valuation signals for TSE:2330:

  • EV-to-EBITDA: 3.12 (75% below median its 10-year median of 12.26)
  • GF Value™: 円174.20 vs. price of 円86.00 (50.6% below fair value)
  • GF Score™: 53/100 with 2 warning signs
  • Industry Position: 67.4% below the Travel & Leisure median (#75 of 699)

No single metric tells the full story. See the TSE:2330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forside Co Business Description

Address Muromachi 3-3-1 ETS Muromachi building 12F, Nihonbashi, Chuo-ku, Tokyo, JPN
Forside Co Ltd is a Japan-based company engaged in the content business. The company provides guidance in the areas concerning investment banking, merger and acquisition, financing and other related financial services. Its reportable segments are Prize Business, Real Estate-Related Business, Content Business, Event Business, Master Rights Business, AI-Related Business, and Logistics-Related Business.
53GF Score

Get the complete analysis for TSE:2330

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

円86.00
Price
円174.20
GF Value