One REIT (TSE:3290) EV-to-EBITDA: 21.84 (As of Aug. 27, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:3290 One REIT Inc TSE:3290
51 GF Score
Price 円78,300.00
GF Value 円88,834.92
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is One REIT EV-to-EBITDA?

One REIT TSE:3290 +0.13% 51 EV-to-EBITDA is 21.84 as of Aug. 27, 2026, which is 8% below its 10-year median of 23.70. GuruFocus rates TSE:3290 with a GF Score™ of 51/100 and a GF Value™ of 円88,834.92 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 669 REITs companies, One REIT ranks worse than 76.38% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, One REIT's enterprise value is 円136,548 Mil. One REIT's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 was 円6,253 Mil. Therefore, One REIT's EV-to-EBITDA for today is 21.84.

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

TSE:3290' s EV-to-EBITDA Range Over the Past 10 Years
Min: 18.84   Med: 23.7   Max: 29.74
Current: 21.84

During the past 11 years, the highest EV-to-EBITDA of One REIT was 29.74. The lowest was 18.84. And the median was 23.70.

TSE:3290's EV-to-EBITDA is ranked worse than
76.38% of 669 companies
in the REITs industry
Industry Median: 15.26 vs TSE:3290: 21.84

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 (2026-08-27), One REIT's stock price is 円78300.00. One REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was 円5461.372. Therefore, One REIT's PE Ratio (TTM) for today is 14.34.

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


One REIT  (TSE:3290) 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.

One REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=78300.00/5461.372
=14.34

One REIT's share price for today is 円78300.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. One REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was 円5461.372.

* 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?


One REIT EV-to-EBITDA Related Terms


One REIT EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for One 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.

One REIT EV-to-EBITDA Chart

One REIT Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.31 25.98 24.41 24.63 24.48

One REIT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 24.48 0.00 20.98 0.00

TSE:3290 vs BXP, ARE, VNO: EV-to-EBITDA Comparison

For the REIT - Office subindustry, One 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.


One REIT EV-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, One REIT's EV-to-EBITDA distribution charts can be found below:

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


TSE:3290
51GF Score
One REIT Inc TSE:3290
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

One REIT EV-to-EBITDA Calculation

One REIT's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=136547.744/6253.251
=21.84

One REIT's current Enterprise Value is 円136,548 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. One REIT's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 was 円6,253 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 21.84 mean?
One REIT (TSE:3290) has a EV-to-EBITDA of 21.84 as of Aug. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on One REIT. This is near median its historical median of 23.70. Over the past decade, One REIT's EV-to-EBITDA has ranged from 18.84 to 29.74. According to the industry distribution chart, One REIT ranks #511 out of 669 companies in the REITs industry, placing it in the top 76.4%.
Is One REIT's EV-to-EBITDA too high?
One REIT's current EV-to-EBITDA of 21.84 is near median its 10-year median of 23.70. Over the past 10 years, this metric has ranged from a low of 18.84 to a high of 29.74. The REITs industry median EV-to-EBITDA is 15.26. One REIT's value of 21.84 is 43.1% above this industry median. Based on the distribution chart, One REIT ranks #511 out of 669 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, One REIT has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does One REIT's EV-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, One REIT ranks #511 out of 669 companies for EV-to-EBITDA. This places One REIT in the lower half of its industry. The industry median EV-to-EBITDA is 15.26. One REIT's value of 21.84 is 43.1% above this benchmark. Historically, One REIT's own EV-to-EBITDA has ranged from 18.84 to 29.74 over the past decade. While the company's 10-year median is 23.70 vs. the industry median of 15.26, One 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 15.26, based on 669 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. One REIT's current EV-to-EBITDA of 21.84 is 43.1% 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 One REIT. For the REITs industry, the median EV-to-EBITDA is 15.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One REIT's current EV-to-EBITDA is 21.84, which is near median its own 10-year median of 23.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One REIT stock overvalued right now?
Based on GuruFocus' analysis, One REIT (TSE:3290) is currently considered Modestly Undervalued. The stock's GF Value™ is 円88,834.92, compared to a current price of 円78,300.00 — trading 11.9% below its estimated fair value. The current EV-to-EBITDA is 21.84, which is near median its 10-year median of 23.70 and 43.1% above the REITs industry median of 15.26. One REIT's overall GF Score™ is 51/100 with 7 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 One REIT (TSE:3290), the current EV-to-EBITDA is 21.84 as of Aug. 27, 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 One REIT (TSE:3290) Overvalued in 2026?

Based on GuruFocus' analysis, One REIT stock appears to be undervalued. The current stock price of 円78,300.00 is trading 11.9% below its estimated GF Value™ of 円88,834.92. GuruFocus considers One REIT to be Modestly Undervalued.

Key valuation signals for TSE:3290:

  • EV-to-EBITDA: 21.84 (near median its 10-year median of 23.70)
  • GF Value™: 円88,834.92 vs. price of 円78,300.00 (11.9% below fair value)
  • GF Score™: 51/100 with 7 warning signs
  • Industry Position: 43.1% above the REITs median (#511 of 669)

No single metric tells the full story. See the TSE:3290 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


One REIT Business Description

Industry Real EstateREITs
Address 1-5-5 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0013
One REIT Inc operates as a real estate investment trust. The company invest in commercial real estate and office buildings in Japan. It operates in a single segment, which is real estate leasing.
51GF Score

Get the complete analysis for TSE:3290

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

円78,300.00
Price
円88,834.92
GF Value