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.
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.
Onward Holdings CoTSE:8016 +0.27%75 EV-to-EBITDA is 6.32 as of Aug. 31, 2026, which is 50% below its 10-year median of 12.70. GuruFocus rates TSE:8016 with a GF Score™ of 75/100 and a GF Value™ of 円691.47 (Fairly Valued). The stock has 2 warning signs investors should review. Among 884 Manufacturing - Apparel & Accessories companies, Onward Holdings Co ranks better than 71.38% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Onward Holdings Co's enterprise value is 円137,218 Mil.
Onward Holdings Co's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 was 円21,724 Mil. Therefore, Onward Holdings Co's EV-to-EBITDA for today is 6.32.
The historical rank and industry rank for Onward Holdings Co's EV-to-EBITDA or its related term are showing as below:
TSE:8016'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -6.41 Med: 12.7 Max: 56.9
Current: 6.31
During the past 13 years, the highest EV-to-EBITDA of Onward Holdings Co was 56.90. The lowest was -6.41. And the median was 12.70.
TSE:8016's EV-to-EBITDA is ranked better than 71.38% of 884
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.24
vs TSE:8016: 6.31
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.
Onward Holdings Co (TSE:8016) 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.
Onward Holdings Co's PE Ratio (TTM) for today is calculated as:
Onward Holdings Co's share price for today is 円752.00.
Onward Holdings 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79.850.
* 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 Onward Holdings 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.
TSE:8016 vs RL, LEVI, VFC: EV-to-EBITDA Comparison
For the Apparel Manufacturing subindustry, Onward Holdings 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.
Onward Holdings Co EV-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Onward Holdings Co's EV-to-EBITDA falls into.
Onward Holdings Co's current Enterprise Value is 円137,218 Mil.
Onward Holdings 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21,724 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.
Onward Holdings Co (TSE:8016) has a EV-to-EBITDA of 6.32 as of Aug. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Onward Holdings Co. This is 50% below median its historical median of 12.70. According to the industry distribution chart, Onward Holdings Co ranks #253 out of 884 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 28.6%.
Is Onward Holdings Co's EV-to-EBITDA too high?
Onward Holdings Co's current EV-to-EBITDA of 6.32 is 50% below median its 10-year median of 12.70. The Manufacturing - Apparel & Accessories industry median EV-to-EBITDA is 9.24. Onward Holdings Co's value of 6.32 is 31.6% below this industry median. Based on the distribution chart, Onward Holdings Co ranks #253 out of 884 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Onward Holdings Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's EV-to-EBITDA compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Onward Holdings Co ranks #253 out of 884 companies for EV-to-EBITDA. This puts Onward Holdings Co in the upper half of its industry. The industry median EV-to-EBITDA is 9.24. Onward Holdings Co's value of 6.32 is 31.6% below this benchmark. While the company's 10-year median is 12.70 vs. the industry median of 9.24, Onward Holdings Co has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median EV-to-EBITDA among Manufacturing - Apparel & Accessories companies is 9.24, based on 884 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. Onward Holdings Co's current EV-to-EBITDA of 6.32 is 31.6% below 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 Onward Holdings Co. For the Manufacturing - Apparel & Accessories industry, the median EV-to-EBITDA is 9.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Holdings Co's current EV-to-EBITDA is 6.32, which is 50% below median its own 10-year median of 12.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Onward Holdings Co (TSE:8016) is currently considered Fairly Valued. The stock's GF Value™ is 円691.47, compared to a current price of 円752.00 — trading 8.8% above its estimated fair value. The current EV-to-EBITDA is 6.32, which is 50% below median its 10-year median of 12.70 and 31.6% below the Manufacturing - Apparel & Accessories industry median of 9.24. Onward Holdings Co's overall GF Score™ is 75/100 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 Onward Holdings Co (TSE:8016), the current EV-to-EBITDA is 6.32 as of Aug. 31, 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 Onward Holdings Co (TSE:8016) Overvalued in 2026?
Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued.
The current stock price of 円752.00 is trading 8.8% above its estimated GF Value™ of 円691.47.
GuruFocus considers Onward Holdings Co to be Fairly Valued.
Key valuation signals for TSE:8016:
EV-to-EBITDA: 6.32 (50% below median its 10-year median of 12.70)
GF Value™: 円691.47 vs. price of 円752.00 (8.8% above fair value)
Industry Position: 31.6% below the Manufacturing - Apparel & Accessories median (#253 of 884)
No single metric tells the full story. See the TSE:8016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
75GF Score
Get the complete analysis for TSE:8016
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8016 has been successfully added to your 
