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MIRAITSE:3476 -0.24%60 EV-to-EBITDA is 22.54 as of Sep. 01, 2026, which is 10% below its 10-year median of 25.11. GuruFocus rates TSE:3476 with a GF Score™ of 60/100 and a GF Value™ of 円42,679.24 (Fairly Valued). The stock has 8 warning signs investors should review. Among 669 REITs companies, MIRAI ranks worse than 78.62% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, MIRAI's enterprise value is 円168,108 Mil.
MIRAI's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was 円7,460 Mil. Therefore, MIRAI's EV-to-EBITDA for today is 22.54.
The historical rank and industry rank for MIRAI's EV-to-EBITDA or its related term are showing as below:
TSE:3476'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 18.21 Med: 25.11 Max: 32.47
Current: 22.54
During the past 10 years, the highest EV-to-EBITDA of MIRAI was 32.47. The lowest was 18.21. And the median was 25.11.
TSE:3476's EV-to-EBITDA is ranked worse than 78.62% of 669
companies
in the REITs industry
Industry Median: 15.21
vs TSE:3476: 22.54
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 (2026-09-01), MIRAI's stock price is 円40950.00.
MIRAI's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was 円2646.362. Therefore, MIRAI's PE Ratio (TTM) for today is 15.47.
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.
MIRAI's share price for today is 円40950.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MIRAI's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was 円2646.362.
* 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 MIRAI'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, MIRAI'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.
MIRAI EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, MIRAI's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where MIRAI's EV-to-EBITDA falls into.
MIRAI's current Enterprise Value is 円168,108 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MIRAI's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was 円7,460 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.
MIRAI (TSE:3476) has a EV-to-EBITDA of 22.54 as of Sep. 01, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on MIRAI. This is 10% below median its historical median of 25.11. Over the past decade, MIRAI's EV-to-EBITDA has ranged from 18.21 to 32.47. According to the industry distribution chart, MIRAI ranks #526 out of 669 companies in the REITs industry, placing it in the top 78.6%.
Is MIRAI's EV-to-EBITDA too high?
MIRAI's current EV-to-EBITDA of 22.54 is 10% below median its 10-year median of 25.11. Over the past 10 years, this metric has ranged from a low of 18.21 to a high of 32.47. The REITs industry median EV-to-EBITDA is 15.21. MIRAI's value of 22.54 is 48.2% above this industry median. Based on the distribution chart, MIRAI ranks #526 out of 669 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, MIRAI has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MIRAI's EV-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, MIRAI ranks #526 out of 669 companies for EV-to-EBITDA. This places MIRAI in the lower half of its industry. The industry median EV-to-EBITDA is 15.21. MIRAI's value of 22.54 is 48.2% above this benchmark. Historically, MIRAI's own EV-to-EBITDA has ranged from 18.21 to 32.47 over the past decade. While the company's 10-year median is 25.11 vs. the industry median of 15.21, MIRAI 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 15.21, 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. MIRAI's current EV-to-EBITDA of 22.54 is 48.2% 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 MIRAI. For the REITs industry, the median EV-to-EBITDA is 15.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRAI's current EV-to-EBITDA is 22.54, which is 10% below median its own 10-year median of 25.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRAI stock overvalued right now?
Based on GuruFocus' analysis, MIRAI (TSE:3476) is currently considered Fairly Valued. The stock's GF Value™ is 円42,679.24, compared to a current price of 円40,950.00 — trading 4.1% below its estimated fair value. The current EV-to-EBITDA is 22.54, which is 10% below median its 10-year median of 25.11 and 48.2% above the REITs industry median of 15.21. MIRAI's overall GF Score™ is 60/100 with 8 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 MIRAI (TSE:3476), the current EV-to-EBITDA is 22.54 as of Sep. 01, 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 MIRAI (TSE:3476) Overvalued in 2026?
Based on GuruFocus' analysis, MIRAI stock appears to be undervalued.
The current stock price of 円40,950.00 is trading 4.1% below its estimated GF Value™ of 円42,679.24.
GuruFocus considers MIRAI to be Fairly Valued.
Key valuation signals for TSE:3476:
EV-to-EBITDA: 22.54 (10% below median its 10-year median of 25.11)
GF Value™: 円42,679.24 vs. price of 円40,950.00 (4.1% below fair value)
Industry Position: 48.2% above the REITs median (#526 of 669)
No single metric tells the full story. See the TSE:3476 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIRAI Corp is a Japanese real estate investment trust. The company invests in a diversified portfolio of real estate properties, including office buildings, retail properties, and hotels.
60GF Score
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