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Tokaido REITTSE:2989 +0.51%45 EV-to-EBITDA is 23.14 as of Aug. 26, 2026, which is 15% below its 10-year median of 27.09. GuruFocus rates TSE:2989 with a GF Score™ of 45/100 and a GF Value™ of 円130,735.09 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 670 REITs companies, Tokaido REIT ranks worse than 79.85% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Tokaido REIT's enterprise value is 円69,980 Mil.
Tokaido REIT's EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 was 円3,024 Mil. Therefore, Tokaido REIT's EV-to-EBITDA for today is 23.14.
The historical rank and industry rank for Tokaido REIT's EV-to-EBITDA or its related term are showing as below:
TSE:2989'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 21.56 Med: 27.09 Max: 45.76
Current: 23.13
During the past 5 years, the highest EV-to-EBITDA of Tokaido REIT was 45.76. The lowest was 21.56. And the median was 27.09.
TSE:2989's EV-to-EBITDA is ranked worse than 79.85% of 670
companies
in the REITs industry
Industry Median: 15.165
vs TSE:2989: 23.13
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.
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.
Tokaido REIT's PE Ratio (TTM) for today is calculated as:
Tokaido REIT's share price for today is 円98900.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was 円6709.855.
* 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 Tokaido REIT'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.
For the REIT - Diversified subindustry, Tokaido REIT'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.
Tokaido REIT EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tokaido REIT's EV-to-EBITDA falls into.
Tokaido REIT's current Enterprise Value is 円69,980 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 was 円3,024 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.
Tokaido REIT (TSE:2989) has a EV-to-EBITDA of 23.14 as of Aug. 26, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Tokaido REIT. This is 15% below median its historical median of 27.09. Over the past decade, Tokaido REIT's EV-to-EBITDA has ranged from 21.56 to 45.76. According to the industry distribution chart, Tokaido REIT ranks #535 out of 670 companies in the REITs industry, placing it in the top 79.9%.
Is Tokaido REIT's EV-to-EBITDA too high?
Tokaido REIT's current EV-to-EBITDA of 23.14 is 15% below median its 10-year median of 27.09. Over the past 10 years, this metric has ranged from a low of 21.56 to a high of 45.76. The REITs industry median EV-to-EBITDA is 15.17. Tokaido REIT's value of 23.14 is 52.6% above this industry median. Based on the distribution chart, Tokaido REIT ranks #535 out of 670 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Tokaido REIT has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's EV-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #535 out of 670 companies for EV-to-EBITDA. This places Tokaido REIT in the lower half of its industry. The industry median EV-to-EBITDA is 15.17. Tokaido REIT's value of 23.14 is 52.6% above this benchmark. Historically, Tokaido REIT's own EV-to-EBITDA has ranged from 21.56 to 45.76 over the past decade. While the company's 10-year median is 27.09 vs. the industry median of 15.17, Tokaido REIT 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 15.17, based on 670 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. Tokaido REIT's current EV-to-EBITDA of 23.14 is 52.6% 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 Tokaido REIT. For the REITs industry, the median EV-to-EBITDA is 15.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokaido REIT's current EV-to-EBITDA is 23.14, which is 15% below median its own 10-year median of 27.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Based on GuruFocus' analysis, Tokaido REIT (TSE:2989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円130,735.09, compared to a current price of 円98,900.00 — trading 24.4% below its estimated fair value. The current EV-to-EBITDA is 23.14, which is 15% below median its 10-year median of 27.09 and 52.6% above the REITs industry median of 15.17. Tokaido REIT's overall GF Score™ is 45/100 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 Tokaido REIT (TSE:2989), the current EV-to-EBITDA is 23.14 as of Aug. 26, 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 Tokaido REIT (TSE:2989) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of 円98,900.00 is trading 24.4% below its estimated GF Value™ of 円130,735.09.
GuruFocus considers Tokaido REIT to be Modestly Undervalued.
Key valuation signals for TSE:2989:
EV-to-EBITDA: 23.14 (15% below median its 10-year median of 27.09)
GF Value™: 円130,735.09 vs. price of 円98,900.00 (24.4% below fair value)
Industry Position: 52.6% above the REITs median (#535 of 670)
No single metric tells the full story. See the TSE:2989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
45GF Score
Get the complete analysis for TSE:2989
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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