Okayama Paper Industries Co (TSE:3892) Enterprise Value: 円3,293 Mil (As of Jul. 13, 2026) ***


TSE:3892 Okayama Paper Industries Co Ltd TSE:3892
71 GF Score
Price 円1,662.00
GF Value 円1,307.77
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Okayama Paper Industries Co Enterprise Value?

Okayama Paper Industries Co TSE:3892 -0.42% 71 Enterprise Value is 円3,293 Mil as of Jul. 13, 2026. GuruFocus rates TSE:3892 with a GF Score™ of 71/100 and a GF Value™ of 円1,307.77 (Modestly Overvalued). The stock has 6 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, Okayama Paper Industries Co's Enterprise Value is 円3,293 Mil. Okayama Paper Industries Co's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 was 円436 Mil. Therefore, Okayama Paper Industries Co's EV-to-EBIT ratio for today is 7.55.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Okayama Paper Industries Co's Enterprise Value is 円3,293 Mil. Okayama Paper Industries Co's EBITDA for the trailing twelve months (TTM) ended in Nov. 2025 was 円436 Mil. Therefore, Okayama Paper Industries Co's EV-to-EBITDA ratio for today is 7.55.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Okayama Paper Industries Co's Enterprise Value is 円3,293 Mil. Okayama Paper Industries Co's Revenue for the trailing twelve months (TTM) ended in Nov. 2025 was 円5,399 Mil. Therefore, Okayama Paper Industries Co's EV-to-Revenue ratio for today is 0.61.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Okayama Paper Industries Co's Enterprise Value is 円3,293 Mil. Okayama Paper Industries Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2025 was 円0 Mil. Therefore, Okayama Paper Industries 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, Okayama Paper Industries Co's Enterprise Value is 円3,293 Mil. Okayama Paper Industries Co's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 2025 was 円0 Mil. Therefore, Okayama Paper Industries 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.


Okayama Paper Industries Co  (TSE:3892) 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.

Okayama Paper Industries Co's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3292.552/436.087
=7.55

Okayama Paper Industries Co's current Enterprise Value is 円3,293 Mil.
Okayama Paper Industries Co's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円436 Mil.

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

Okayama Paper Industries Co's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=3292.552/436.087
=7.55

Okayama Paper Industries Co's current Enterprise Value is 円3,293 Mil.
Okayama Paper Industries Co's EBITDA for the trailing twelve months (TTM) ended in Nov. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円436 Mil.

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

Okayama Paper Industries Co's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3292.552/5399.417
=0.61

Okayama Paper Industries Co's current Enterprise Value is 円3,293 Mil.
Okayama Paper Industries Co's Revenue for the trailing twelve months (TTM) ended in Nov. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円5,399 Mil.

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

Okayama Paper Industries Co's EV-to-OCF for today is:


Okayama Paper Industries Co's current Enterprise Value is 円3,293 Mil.
Okayama Paper Industries Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 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.

Okayama Paper Industries Co's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3292.552/0
=

Okayama Paper Industries Co's current Enterprise Value is 円3,293 Mil.
Okayama Paper Industries Co's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 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.


Okayama Paper Industries Co Enterprise Value Related Terms


Okayama Paper Industries Co Enterprise Value Historical Data

* Premium members only.

The historical data trend for Okayama Paper Industries 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.

Okayama Paper Industries Co Enterprise Value Chart

Okayama Paper Industries Co Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 432.10 -813.78 -748.08 -70.88 2,252.85

Okayama Paper Industries Co Quarterly Data
Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26
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 -435.35 2,252.85 2,578.24 2,856.39 4,636.01

Okayama Paper Industries Co Enterprise Value Competitor Comparison

For the Paper & Paper Products subindustry, Okayama Paper Industries 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.


Okayama Paper Industries Co Enterprise Value vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Okayama Paper Industries Co's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Okayama Paper Industries Co's Enterprise Value falls into.


TSE:3892
71GF Score
Okayama Paper Industries Co Ltd TSE:3892
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Okayama Paper Industries 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.

Okayama Paper Industries Co's Enterprise Value for the fiscal year that ended in May. 2025 is calculated as

Okayama Paper Industries Co's Enterprise Value for the quarter that ended in Nov. 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3,293 Mil mean?
Okayama Paper Industries Co (TSE:3892) has a Enterprise Value of 円3,293 Mil as of Jul. 13, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Okayama Paper Industries Co and its competitors.
Is Okayama Paper Industries Co's Enterprise Value too high?
Okayama Paper Industries Co's current Enterprise Value is 円3,293 Mil. Overall, Okayama Paper Industries Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Okayama Paper Industries Co's Enterprise Value compare to competitors?
Okayama Paper Industries Co's Enterprise Value of 円3,293 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good Enterprise Value depends on the Forest Products 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 Okayama Paper Industries Co and its competitors. Okayama Paper Industries Co's current Enterprise Value is 円3,293 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okayama Paper Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Okayama Paper Industries Co (TSE:3892) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,307.77, compared to a current price of 円1,662.00 — trading 27.1% above its estimated fair value. The current Enterprise Value is 円3,293 Mil. Okayama Paper Industries Co's overall GF Score™ is 71/100 with 6 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 Okayama Paper Industries Co (TSE:3892), the current Enterprise Value is 円3,293 Mil as of Jul. 13, 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 Okayama Paper Industries Co (TSE:3892) Overvalued in 2026?

Based on GuruFocus' analysis, Okayama Paper Industries Co stock appears to be overvalued. The current stock price of 円1,662.00 is trading 27.1% above its estimated GF Value™ of 円1,307.77. GuruFocus considers Okayama Paper Industries Co to be Modestly Overvalued.

Key valuation signals for TSE:3892:

  • Enterprise Value: 円3,293 Mil
  • GF Value™: 円1,307.77 vs. price of 円1,662.00 (27.1% above fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the TSE:3892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okayama Paper Industries Co Business Description

Address No. 4 No. 34, Minami-ku, Hamano 1-chome, Okayama, JPN, 700-0845
Okayama Paper Industries Co Ltd is engaged in manufacturing and sales of SMIC raw paper, paper tube base paper, flat sheet. It is in a packaging material field as a manufacturer of cardboard and decorative corrugated cardboard made of core paper and paper tube base paper. It offers products such as base papers, containerboard, stencil paper tubes, paper tube base papers, and cardboard plates.
71GF Score

Get the complete analysis for TSE:3892

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

円1,662.00
Price
円1,307.77
GF Value