The Why How Do Co (TSE:3823) EV-to-EBITDA: -13.30 (As of Sep. 11, 2026)

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TSE:3823 The Why How Do Co Inc TSE:3823
44 GF Score
Price 円31.00
GF Value 円66.43
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is The Why How Do Co EV-to-EBITDA?

The Why How Do Co TSE:3823 44 EV-to-EBITDA is -13.30 as of Sep. 11, 2026. GuruFocus rates TSE:3823 with a GF Score™ of 44/100 and a GF Value™ of 円66.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,954 Software companies, The Why How Do Co ranks worse than 51177.02% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, The Why How Do Co's enterprise value is 円4,999 Mil. The Why How Do Co's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 was 円-376 Mil. Therefore, The Why How Do Co's EV-to-EBITDA for today is -13.30.

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

TSE:3823' s EV-to-EBITDA Range Over the Past 10 Years
Min: -399.11   Med: -9.24   Max: 289.79
Current: -13.3

During the past 13 years, the highest EV-to-EBITDA of The Why How Do Co was 289.79. The lowest was -399.11. And the median was -9.24.

TSE:3823's EV-to-EBITDA is ranked worse than
100% of 1954 companies
in the Software industry
Industry Median: 10.28 vs TSE:3823: -13.30

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 (2026-09-11), The Why How Do Co's stock price is 円31.00. The Why How Do Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was 円-4.080. Therefore, The Why How Do Co's PE Ratio (TTM) for today is At Loss.

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


The Why How Do Co  (TSE:3823) 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.

The Why How Do Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=31.00/-4.080
=At Loss

The Why How Do Co's share price for today is 円31.00.
The Why How Do Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-4.080.

* 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?


The Why How Do Co EV-to-EBITDA Related Terms


The Why How Do Co EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for The Why How Do 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.

The Why How Do Co EV-to-EBITDA Chart

The Why How Do Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.19 -14.05 -10.15 -2.45 170.34

The Why How Do Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 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 -10.39 -20.31 169.84 -83.86 -20.29

TSE:3823 vs CRM, SHOP, UBER: EV-to-EBITDA Comparison

For the Software - Application subindustry, The Why How Do 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.


The Why How Do Co EV-to-EBITDA vs Software Industry

For the Software industry and Technology sector, The Why How Do Co's EV-to-EBITDA distribution charts can be found below:

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


TSE:3823
44GF Score
The Why How Do Co Inc TSE:3823
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Why How Do Co EV-to-EBITDA Calculation

The Why How Do Co's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=4998.565/-375.919
=-13.30

The Why How Do Co's current Enterprise Value is 円4,999 Mil.
The Why How Do Co's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-376 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 -13.30 mean?
The Why How Do Co (TSE:3823) has a EV-to-EBITDA of -13.30 as of Sep. 11, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on The Why How Do Co. According to the industry distribution chart, The Why How Do Co ranks #999999 out of 1954 companies in the Software industry.
Is The Why How Do Co's EV-to-EBITDA too high?
The Why How Do Co's current EV-to-EBITDA is -13.30. Based on the distribution chart, The Why How Do Co ranks #999999 out of 1954 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, The Why How Do Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Why How Do Co's EV-to-EBITDA compare to CRM and SHOP?
According to the Software industry distribution chart, The Why How Do Co ranks #999999 out of 1954 companies for EV-to-EBITDA. This places The Why How Do Co in the lower half of its industry. The industry median EV-to-EBITDA is 10.28. 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 10.28, based on 1,954 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. 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 The Why How Do Co. For the Software industry, the median EV-to-EBITDA is 10.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Why How Do Co's current EV-to-EBITDA is -13.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Why How Do Co stock overvalued right now?
Based on GuruFocus' analysis, The Why How Do Co (TSE:3823) is currently considered Possible Value Trap. The stock's GF Value™ is 円66.43, compared to a current price of 円31.00 — trading 53.3% below its estimated fair value. The current EV-to-EBITDA is -13.30. The Why How Do Co's overall GF Score™ is 44/100 with 5 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 The Why How Do Co (TSE:3823), the current EV-to-EBITDA is -13.30 as of Sep. 11, 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 The Why How Do Co (TSE:3823) Overvalued in 2026?

Based on GuruFocus' analysis, The Why How Do Co stock appears to be undervalued. The current stock price of 円31.00 is trading 53.3% below its estimated GF Value™ of 円66.43. GuruFocus considers The Why How Do Co to be Possible Value Trap.

Key valuation signals for TSE:3823:

  • EV-to-EBITDA: -13.30
  • GF Value™: 円66.43 vs. price of 円31.00 (53.3% below fair value)
  • GF Score™: 44/100 with 5 warning signs

No single metric tells the full story. See the TSE:3823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Why How Do Co Business Description

Address 22 Aizumi-cho, Daisan Yamada Building, Shinjuku-ku, Tokyo, JPN, 160-0005
The Why How Do Co Inc formerly Acrodea Inc is a software company. It is mainly engaged in the development of platform services for smartphones and IoT related solutions. In addition, the company provides social game and application related development and services.
44GF Score

Get the complete analysis for TSE:3823

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

円31.00
Price
円66.43
GF Value