TRaaS On Product (TSE:6696) EV-to-EBITDA: -21.48 (As of Sep. 15, 2026)

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:6696 TRaaS On Product Inc TSE:6696
45 GF Score
Price 円313.00
GF Value 円468.33
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is TRaaS On Product EV-to-EBITDA?

TRaaS On Product TSE:6696 +0.32% 45 EV-to-EBITDA is -21.48 as of Sep. 15, 2026. GuruFocus rates TSE:6696 with a GF Score™ of 45/100 and a GF Value™ of 円468.33 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,907 Hardware companies, TRaaS On Product ranks worse than 52438.33% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, TRaaS On Product's enterprise value is 円1,355.4 Mil. TRaaS On Product's EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 was 円-63.1 Mil. Therefore, TRaaS On Product's EV-to-EBITDA for today is -21.48.

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

TSE:6696' s EV-to-EBITDA Range Over the Past 10 Years
Min: -278.22   Med: -15.6   Max: 565.63
Current: -21.49

During the past 11 years, the highest EV-to-EBITDA of TRaaS On Product was 565.63. The lowest was -278.22. And the median was -15.60.

TSE:6696's EV-to-EBITDA is ranked worse than
100% of 1907 companies
in the Hardware industry
Industry Median: 13.58 vs TSE:6696: -21.49

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 (2026-09-15), TRaaS On Product's stock price is 円313.00. TRaaS On Product's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was 円-23.668. Therefore, TRaaS On Product'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).


TRaaS On Product  (TSE:6696) 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.

TRaaS On Product's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=313.00/-23.668
=At Loss

TRaaS On Product's share price for today is 円313.00.
TRaaS On Product'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-23.668.

* 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?


TRaaS On Product EV-to-EBITDA Related Terms


TRaaS On Product EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TRaaS On Product'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.

TRaaS On Product EV-to-EBITDA Chart

TRaaS On Product 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 -2.45 -220.54 -14.90 59.00 -115.16

TRaaS On Product 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 45.09 44.72 2,047.20 -115.17 -25.07

TSE:6696 vs CSCO, MSI, LITE: EV-to-EBITDA Comparison

For the Communication Equipment subindustry, TRaaS On Product'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.


TRaaS On Product EV-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, TRaaS On Product's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where TRaaS On Product's EV-to-EBITDA falls into.


TSE:6696
45GF Score
TRaaS On Product Inc TSE:6696
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRaaS On Product EV-to-EBITDA Calculation

TRaaS On Product's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=1355.418/-63.092
=-21.48

TRaaS On Product's current Enterprise Value is 円1,355.4 Mil.
TRaaS On Product'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-63.1 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 -21.48 mean?
TRaaS On Product (TSE:6696) has a EV-to-EBITDA of -21.48 as of Sep. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on TRaaS On Product. According to the industry distribution chart, TRaaS On Product ranks #999999 out of 1907 companies in the Hardware industry.
Is TRaaS On Product's EV-to-EBITDA too high?
TRaaS On Product's current EV-to-EBITDA is -21.48. Based on the distribution chart, TRaaS On Product ranks #999999 out of 1907 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, TRaaS On Product has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRaaS On Product's EV-to-EBITDA compare to CSCO and MSI?
According to the Hardware industry distribution chart, TRaaS On Product ranks #999999 out of 1907 companies for EV-to-EBITDA. This places TRaaS On Product in the lower half of its industry. The industry median EV-to-EBITDA is 13.58. 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 Hardware company?
The median EV-to-EBITDA among Hardware companies is 13.58, based on 1,907 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 TRaaS On Product. For the Hardware industry, the median EV-to-EBITDA is 13.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRaaS On Product's current EV-to-EBITDA is -21.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRaaS On Product stock overvalued right now?
Based on GuruFocus' analysis, TRaaS On Product (TSE:6696) is currently considered Possible Value Trap. The stock's GF Value™ is 円468.33, compared to a current price of 円313.00 — trading 33.2% below its estimated fair value. The current EV-to-EBITDA is -21.48. TRaaS On Product's overall GF Score™ is 45/100 with 2 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 TRaaS On Product (TSE:6696), the current EV-to-EBITDA is -21.48 as of Sep. 15, 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 TRaaS On Product (TSE:6696) Overvalued in 2026?

Based on GuruFocus' analysis, TRaaS On Product stock appears to be undervalued. The current stock price of 円313.00 is trading 33.2% below its estimated GF Value™ of 円468.33. GuruFocus considers TRaaS On Product to be Possible Value Trap.

Key valuation signals for TSE:6696:

  • EV-to-EBITDA: -21.48
  • GF Value™: 円468.33 vs. price of 円313.00 (33.2% below fair value)
  • GF Score™: 45/100 with 2 warning signs

No single metric tells the full story. See the TSE:6696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRaaS On Product Business Description

Address 2-9-30 Kitasaiwai, Nishi Ward, Yokohama Nishiguchi Kato Building2nd floor, Kanagawa Prefecture, Yokohama, JPN, 220-0004
TRaaS On Product Inc is engaged in telecommunications, followed by the IT revolution, and manufacturing in which the subject of value shifted to something different.
45GF Score

Get the complete analysis for TSE:6696

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

円313.00
Price
円468.33
GF Value