First Baking Co (TSE:2215) Enterprise Value: 円1,501 Mil (As of Jul. 12, 2026) ***


TSE:2215 First Baking Co Ltd TSE:2215
63 GF Score
Price 円600.00
GF Value 円660.11
Valuation Fairly Valued
! 2 Warning Signs
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What is First Baking Co Enterprise Value?

First Baking Co TSE:2215 63 Enterprise Value is 円1,501 Mil as of Jul. 12, 2026. GuruFocus rates TSE:2215 with a GF Score™ of 63/100 and a GF Value™ of 円660.11 (Fairly Valued). The stock has 2 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Baking Co's Enterprise Value is 円1,501 Mil. First Baking Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was 円368 Mil. Therefore, First Baking Co's EV-to-EBIT ratio for today is 4.08.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, First Baking Co's Enterprise Value is 円1,501 Mil. First Baking Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was 円632 Mil. Therefore, First Baking Co's EV-to-EBITDA ratio for today is 2.38.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Baking Co's Enterprise Value is 円1,501 Mil. First Baking Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was 円14,725 Mil. Therefore, First Baking Co's EV-to-Revenue ratio for today is 0.10.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, First Baking Co's Enterprise Value is 円1,501 Mil. First Baking Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 円0 Mil. Therefore, First Baking Co's EV-to-OCF ratio for today is .

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, First Baking Co's Enterprise Value is 円1,501 Mil. First Baking Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was 円0 Mil. Therefore, First Baking Co's EV-to-FCF ratio for today is .

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


First Baking Co  (TSE:2215) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

First Baking Co's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1501.035/368
=4.08

First Baking Co's current Enterprise Value is 円1,501 Mil.
First Baking Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円368 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

First Baking Co's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=1501.035/632
=2.38

First Baking Co's current Enterprise Value is 円1,501 Mil.
First Baking Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円632 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

First Baking Co's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=1501.035/14725
=0.10

First Baking Co's current Enterprise Value is 円1,501 Mil.
First Baking Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円14,725 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

First Baking Co's EV-to-OCF for today is:


First Baking Co's current Enterprise Value is 円1,501 Mil.
First Baking Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円0 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

First Baking Co's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1501.035/0
=

First Baking Co's current Enterprise Value is 円1,501 Mil.
First Baking Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円0 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.


First Baking Co Enterprise Value Related Terms


First Baking Co Enterprise Value Historical Data

* Premium members only.

The historical data trend for First Baking Co's Enterprise Value 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.

First Baking Co Enterprise Value Chart

First Baking Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,819.97 4,104.97 5,411.03 -40.20 1,252.65

First Baking Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 382.96 188.34 1,209.03 1,252.65 1,521.57

TSE:2215 vs KHC, GIS: Enterprise Value Comparison

For the Packaged Foods subindustry, First Baking Co's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


First Baking Co Enterprise Value vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Baking Co's Enterprise Value distribution charts can be found below:

* The bar in red indicates where First Baking Co's Enterprise Value falls into.


TSE:2215
63GF Score
First Baking Co Ltd TSE:2215
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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First Baking Co Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

First Baking Co's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

First Baking Co's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of 円1,501 Mil mean?
First Baking Co (TSE:2215) has a Enterprise Value of 円1,501 Mil as of Jul. 12, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Baking Co and its competitors.
Is First Baking Co's Enterprise Value too high?
First Baking Co's current Enterprise Value is 円1,501 Mil. Overall, First Baking Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Baking Co's Enterprise Value compare to KHC and GIS?
First Baking Co's Enterprise Value of 円1,501 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Consumer Packaged Goods company?
A good Enterprise Value depends on the Consumer Packaged Goods industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Baking Co and its competitors. First Baking Co's current Enterprise Value is 円1,501 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Baking Co stock overvalued right now?
Based on GuruFocus' analysis, First Baking Co (TSE:2215) is currently considered Fairly Valued. The stock's GF Value™ is 円660.11, compared to a current price of 円600.00 — trading 9.1% below its estimated fair value. The current Enterprise Value is 円1,501 Mil. First Baking Co's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For First Baking Co (TSE:2215), the current Enterprise Value is 円1,501 Mil as of Jul. 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 First Baking Co (TSE:2215) Overvalued in 2026?

Based on GuruFocus' analysis, First Baking Co stock appears to be undervalued. The current stock price of 円600.00 is trading 9.1% below its estimated GF Value™ of 円660.11. GuruFocus considers First Baking Co to be Fairly Valued.

Key valuation signals for TSE:2215:

  • Enterprise Value: 円1,501 Mil
  • GF Value™: 円660.11 vs. price of 円600.00 (9.1% below fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the TSE:2215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Baking Co Business Description

Address 3-6-1 Kogawahigashi town, Kodaira, JPN
First Baking Co Ltd is engaged in manufacture and selling of packaged foods and bakery foods. The products of the company include sip wrapping series, mini croissant series, apple ring series, and large Danish series.
63GF Score

Get the complete analysis for TSE:2215

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

円600.00
Price
円660.11
GF Value