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Heiwa Paper CoTSE:9929 -0.84%70 EV-to-EBITDA is 10.00 as of Aug. 27, 2026, which is 23% below its 10-year median of 12.95. GuruFocus rates TSE:9929 with a GF Score™ of 70/100 and a GF Value™ of 円437.66 (Fairly Valued). The stock has 4 warning signs investors should review. Among 220 Forest Products companies, Heiwa Paper Co ranks worse than 57.27% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Heiwa Paper Co's enterprise value is 円3,965 Mil.
Heiwa Paper Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was 円396 Mil. Therefore, Heiwa Paper Co's EV-to-EBITDA for today is 10.00.
The historical rank and industry rank for Heiwa Paper Co's EV-to-EBITDA or its related term are showing as below:
TSE:9929'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -451.81 Med: 12.95 Max: 336.28
Current: 10.01
During the past 13 years, the highest EV-to-EBITDA of Heiwa Paper Co was 336.28. The lowest was -451.81. And the median was 12.95.
TSE:9929's EV-to-EBITDA is ranked worse than 57.27% of 220
companies
in the Forest Products industry
Industry Median: 8.88
vs TSE:9929: 10.01
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 Paper Co (TSE:9929) 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 Paper Co's PE Ratio (TTM) for today is calculated as:
Heiwa Paper Co's share price for today is 円473.00.
Heiwa Paper Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円11.840.
* 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 Heiwa Paper 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.
For the Paper & Paper Products subindustry, Heiwa Paper 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.
Heiwa Paper Co EV-to-EBITDA vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Heiwa Paper Co's EV-to-EBITDA falls into.
Heiwa Paper Co's current Enterprise Value is 円3,965 Mil.
Heiwa Paper Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円396 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 Paper Co (TSE:9929) has a EV-to-EBITDA of 10.00 as of Aug. 27, 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 Paper Co. This is 23% below median its historical median of 12.95. According to the industry distribution chart, Heiwa Paper Co ranks #126 out of 220 companies in the Forest Products industry, placing it in the top 57.3%.
Is Heiwa Paper Co's EV-to-EBITDA too high?
Heiwa Paper Co's current EV-to-EBITDA of 10.00 is 23% below median its 10-year median of 12.95. The Forest Products industry median EV-to-EBITDA is 8.88. Heiwa Paper Co's value of 10.00 is 12.6% above this industry median. Based on the distribution chart, Heiwa Paper Co ranks #126 out of 220 companies in the Forest Products industry, which is below the industry midpoint. Overall, Heiwa Paper Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Paper Co's EV-to-EBITDA compare to competitors?
According to the Forest Products industry distribution chart, Heiwa Paper Co ranks #126 out of 220 companies for EV-to-EBITDA. This places Heiwa Paper Co in the lower half of its industry. The industry median EV-to-EBITDA is 8.88. Heiwa Paper Co's value of 10.00 is 12.6% above this benchmark. While the company's 10-year median is 12.95 vs. the industry median of 8.88, Heiwa Paper Co 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 Forest Products company?
The median EV-to-EBITDA among Forest Products companies is 8.88, based on 220 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 Paper Co's current EV-to-EBITDA of 10.00 is 12.6% 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 Paper Co. For the Forest Products industry, the median EV-to-EBITDA is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Paper Co's current EV-to-EBITDA is 10.00, which is 23% below median its own 10-year median of 12.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.66, compared to a current price of 円473.00 — trading 8.1% above its estimated fair value. The current EV-to-EBITDA is 10.00, which is 23% below median its 10-year median of 12.95 and 12.6% above the Forest Products industry median of 8.88. Heiwa Paper Co'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 Paper Co (TSE:9929), the current EV-to-EBITDA is 10.00 as of Aug. 27, 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 Paper Co (TSE:9929) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued.
The current stock price of 円473.00 is trading 8.1% above its estimated GF Value™ of 円437.66.
GuruFocus considers Heiwa Paper Co to be Fairly Valued.
Key valuation signals for TSE:9929:
EV-to-EBITDA: 10.00 (23% below median its 10-year median of 12.95)
GF Value™: 円437.66 vs. price of 円473.00 (8.1% above fair value)
Industry Position: 12.6% above the Forest Products median (#126 of 220)
No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
70GF Score
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