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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Heiwa Real Estate REIT's enterprise value is 円296,532 Mil.
Heiwa Real Estate REIT's EBITDA for the trailing twelve months (TTM) ended in May. 2026 was 円14,732 Mil. Therefore, Heiwa Real Estate REIT's EV-to-EBITDA for today is 20.13.
The historical rank and industry rank for Heiwa Real Estate REIT's EV-to-EBITDA or its related term are showing as below:
TSE:8966'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 16.42 Med: 24.23 Max: 29.12
Current: 20.13
During the past 13 years, the highest EV-to-EBITDA of Heiwa Real Estate REIT was 29.12. The lowest was 16.42. And the median was 24.23.
TSE:8966's EV-to-EBITDA is ranked worse than 72.07% of 666
companies
in the REITs industry
Industry Median: 14.98
vs TSE:8966: 20.13
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.
Heiwa Real Estate REIT (TSE:8966) 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.
Heiwa Real Estate REIT's PE Ratio (TTM) for today is calculated as:
Heiwa Real Estate REIT's share price for today is 円129400.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heiwa Real Estate REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was 円8696.668.
* 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).
* 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, Heiwa Real Estate REIT'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.
Heiwa Real Estate REIT EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's EV-to-EBITDA falls into.
Heiwa Real Estate REIT's current Enterprise Value is 円296,532 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heiwa Real Estate REIT's EBITDA for the trailing twelve months (TTM) ended in May. 2026 was 円14,732 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.
Heiwa Real Estate REIT (TSE:8966) has a EV-to-EBITDA of 20.13 as of Sep. 12, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Heiwa Real Estate REIT. This is 17% below median its historical median of 24.23. Over the past decade, Heiwa Real Estate REIT's EV-to-EBITDA has ranged from 16.42 to 29.12. According to the industry distribution chart, Heiwa Real Estate REIT ranks #480 out of 666 companies in the REITs industry, placing it in the top 72.1%.
Is Heiwa Real Estate REIT's EV-to-EBITDA too high?
Heiwa Real Estate REIT's current EV-to-EBITDA of 20.13 is 17% below median its 10-year median of 24.23. Over the past 10 years, this metric has ranged from a low of 16.42 to a high of 29.12. The REITs industry median EV-to-EBITDA is 14.98. Heiwa Real Estate REIT's value of 20.13 is 34.4% above this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #480 out of 666 companies in the REITs industry, which is below the industry midpoint. Overall, Heiwa Real Estate REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's EV-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #480 out of 666 companies for EV-to-EBITDA. This places Heiwa Real Estate REIT in the lower half of its industry. The industry median EV-to-EBITDA is 14.98. Heiwa Real Estate REIT's value of 20.13 is 34.4% above this benchmark. Historically, Heiwa Real Estate REIT's own EV-to-EBITDA has ranged from 16.42 to 29.12 over the past decade. While the company's 10-year median is 24.23 vs. the industry median of 14.98, Heiwa Real Estate REIT 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 14.98, based on 666 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. Heiwa Real Estate REIT's current EV-to-EBITDA of 20.13 is 34.4% 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 Heiwa Real Estate REIT. For the REITs industry, the median EV-to-EBITDA is 14.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current EV-to-EBITDA is 20.13, which is 17% below median its own 10-year median of 24.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円157,904.60, compared to a current price of 円129,400.00 — trading 18.1% below its estimated fair value. The current EV-to-EBITDA is 20.13, which is 17% below median its 10-year median of 24.23 and 34.4% above the REITs industry median of 14.98. Heiwa Real Estate REIT's overall GF Score™ is 70/100 with 4 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 Heiwa Real Estate REIT (TSE:8966), the current EV-to-EBITDA is 20.13 as of Sep. 12, 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 Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued.
The current stock price of 円129,400.00 is trading 18.1% below its estimated GF Value™ of 円157,904.60.
GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.
Key valuation signals for TSE:8966:
EV-to-EBITDA: 20.13 (17% below median its 10-year median of 24.23)
GF Value™: 円157,904.60 vs. price of 円129,400.00 (18.1% below fair value)
Industry Position: 34.4% above the REITs median (#480 of 666)
No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
70GF Score
Get the complete analysis for TSE:8966
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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