Value Golf (TSE:3931) EV-to-EBITDA: 51.94 (As of Sep. 10, 2026) — 97% Above 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:3931 Value Golf Inc TSE:3931
48 GF Score
Price 円1,497.00
GF Value 円1,280.69
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Value Golf EV-to-EBITDA?

Value Golf TSE:3931 -0.27% 48 EV-to-EBITDA is 51.94 as of Sep. 10, 2026, which is 97% above its 10-year median of 26.43. GuruFocus rates TSE:3931 with a GF Score™ of 48/100 and a GF Value™ of 円1,280.69 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 755 Media - Diversified companies, Value Golf ranks worse than 91.13% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Value Golf's enterprise value is 円3,428 Mil. Value Golf's EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 was 円66 Mil. Therefore, Value Golf's EV-to-EBITDA for today is 51.94.

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

TSE:3931' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.67   Med: 26.43   Max: 92.16
Current: 51.94

During the past 12 years, the highest EV-to-EBITDA of Value Golf was 92.16. The lowest was 9.67. And the median was 26.43.

TSE:3931's EV-to-EBITDA is ranked worse than
91.13% of 755 companies
in the Media - Diversified industry
Industry Median: 7.43 vs TSE:3931: 51.94

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 (2026-09-10), Value Golf's stock price is 円1497.00. Value Golf's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was 円1.060. Therefore, Value Golf's PE Ratio (TTM) for today is 1,412.26.

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


Value Golf  (TSE:3931) 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.

Value Golf's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1497.00/1.060
=1,412.26

Value Golf's share price for today is 円1497.00.
Value Golf's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1.060.

* 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?


Value Golf EV-to-EBITDA Related Terms


Value Golf EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Value Golf'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.

Value Golf EV-to-EBITDA Chart

Value Golf Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.27 11.87 21.91 18.96 61.61

Value Golf Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 59.09 50.19 28.40 61.61 0.00

TSE:3931 vs NYT, WLY: EV-to-EBITDA Comparison

For the Publishing subindustry, Value Golf'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.


Value Golf EV-to-EBITDA vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Value Golf's EV-to-EBITDA distribution charts can be found below:

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


TSE:3931
48GF Score
Value Golf Inc TSE:3931
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Value Golf EV-to-EBITDA Calculation

Value Golf's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=3428.464/66.01
=51.94

Value Golf's current Enterprise Value is 円3,428 Mil.
Value Golf's EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円66 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 51.94 mean?
Value Golf (TSE:3931) has a EV-to-EBITDA of 51.94 as of Sep. 10, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Value Golf. This is 97% above median its historical median of 26.43. Over the past decade, Value Golf's EV-to-EBITDA has ranged from 9.67 to 92.16. According to the industry distribution chart, Value Golf ranks #688 out of 755 companies in the Media - Diversified industry, placing it in the top 91.1%.
Is Value Golf's EV-to-EBITDA too high?
Value Golf's current EV-to-EBITDA of 51.94 is 97% above median its 10-year median of 26.43. Over the past 10 years, this metric has ranged from a low of 9.67 to a high of 92.16. The Media - Diversified industry median EV-to-EBITDA is 7.43. Value Golf's value of 51.94 is 599.1% above this industry median. Based on the distribution chart, Value Golf ranks #688 out of 755 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Value Golf has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Value Golf's EV-to-EBITDA compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Value Golf ranks #688 out of 755 companies for EV-to-EBITDA. This places Value Golf in the lower half of its industry. The industry median EV-to-EBITDA is 7.43. Value Golf's value of 51.94 is 599.1% above this benchmark. Historically, Value Golf's own EV-to-EBITDA has ranged from 9.67 to 92.16 over the past decade. While the company's 10-year median is 26.43 vs. the industry median of 7.43, Value Golf 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 Media - Diversified company?
The median EV-to-EBITDA among Media - Diversified companies is 7.43, based on 755 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. Value Golf's current EV-to-EBITDA of 51.94 is 599.1% 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 Value Golf. For the Media - Diversified industry, the median EV-to-EBITDA is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value Golf's current EV-to-EBITDA is 51.94, which is 97% above median its own 10-year median of 26.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Golf stock overvalued right now?
Based on GuruFocus' analysis, Value Golf (TSE:3931) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,280.69, compared to a current price of 円1,497.00 — trading 16.9% above its estimated fair value. The current EV-to-EBITDA is 51.94, which is 97% above median its 10-year median of 26.43 and 599.1% above the Media - Diversified industry median of 7.43. Value Golf's overall GF Score™ is 48/100 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 Value Golf (TSE:3931), the current EV-to-EBITDA is 51.94 as of Sep. 10, 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 Value Golf (TSE:3931) Overvalued in 2026?

Based on GuruFocus' analysis, Value Golf stock appears to be overvalued. The current stock price of 円1,497.00 is trading 16.9% above its estimated GF Value™ of 円1,280.69. GuruFocus considers Value Golf to be Modestly Overvalued.

Key valuation signals for TSE:3931:

  • EV-to-EBITDA: 51.94 (97% above median its 10-year median of 26.43)
  • GF Value™: 円1,280.69 vs. price of 円1,497.00 (16.9% above fair value)
  • GF Score™: 48/100 with 7 warning signs
  • Industry Position: 599.1% above the Media - Diversified median (#688 of 755)

No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Value Golf Business Description

Address Shiba 4-chome Minato-ku, Tokyo Fast Okada Building, 4th and 5th floor, Tokyo, JPN, 108-0014
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
48GF Score

Get the complete analysis for TSE:3931

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

円1,497.00
Price
円1,280.69
GF Value