SHANON (TSE:3976) Enterprise Value: 円2,583 Mil (As of Jul. 14, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:3976 SHANON Inc TSE:3976
51 GF Score
Price 円567.00
GF Value 円230.27
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is SHANON Enterprise Value?

SHANON TSE:3976 -2.58% 51 Enterprise Value is 円2,583 Mil as of Jul. 14, 2026. GuruFocus rates TSE:3976 with a GF Score™ of 51/100 and a GF Value™ of 円230.27 (Significantly 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, SHANON's Enterprise Value is 円2,583 Mil. SHANON's EBIT for the trailing twelve months (TTM) ended in Oct. 2025 was 円256 Mil. Therefore, SHANON's EV-to-EBIT ratio for today is 10.08.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, SHANON's Enterprise Value is 円2,583 Mil. SHANON's EBITDA for the trailing twelve months (TTM) ended in Oct. 2025 was 円181 Mil. Therefore, SHANON's EV-to-EBITDA ratio for today is 14.26.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, SHANON's Enterprise Value is 円2,583 Mil. SHANON's Revenue for the trailing twelve months (TTM) ended in Oct. 2025 was 円2,049 Mil. Therefore, SHANON's EV-to-Revenue ratio for today is 1.26.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, SHANON's Enterprise Value is 円2,583 Mil. SHANON's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2025 was 円0 Mil. Therefore, SHANON'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, SHANON's Enterprise Value is 円2,583 Mil. SHANON's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2025 was 円0 Mil. Therefore, SHANON'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.


SHANON  (TSE:3976) 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.

SHANON's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2582.885/256.345
=10.08

SHANON's current Enterprise Value is 円2,583 Mil.
SHANON's EBIT for the trailing twelve months (TTM) ended in Oct. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円256 Mil.

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

SHANON's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=2582.885/181.155
=14.26

SHANON's current Enterprise Value is 円2,583 Mil.
SHANON's EBITDA for the trailing twelve months (TTM) ended in Oct. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円181 Mil.

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

SHANON's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=2582.885/2048.805
=1.26

SHANON's current Enterprise Value is 円2,583 Mil.
SHANON's Revenue for the trailing twelve months (TTM) ended in Oct. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円2,049 Mil.

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

SHANON's EV-to-OCF for today is:


SHANON's current Enterprise Value is 円2,583 Mil.
SHANON's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 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.

SHANON's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=2582.885/0
=

SHANON's current Enterprise Value is 円2,583 Mil.
SHANON's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 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.


SHANON Enterprise Value Related Terms


SHANON Enterprise Value Historical Data

* Premium members only.

The historical data trend for SHANON'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.

SHANON Enterprise Value Chart

SHANON Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,905.22 3,452.54 2,281.72 1,913.22 1,478.50

SHANON Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Apr25 Jul25 Oct25 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 1,913.22 1,649.14 1,354.87 1,478.50 1,474.75

TSE:3976 vs UBER, SHOP, CRM: Enterprise Value Comparison

For the Software - Application subindustry, SHANON'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.


SHANON Enterprise Value vs Software Industry

For the Software industry and Technology sector, SHANON's Enterprise Value distribution charts can be found below:

* The bar in red indicates where SHANON's Enterprise Value falls into.


TSE:3976
51GF Score
SHANON Inc TSE:3976
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SHANON 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.

SHANON's Enterprise Value for the fiscal year that ended in Oct. 2025 is calculated as

SHANON's Enterprise Value for the quarter that ended in Oct. 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2,583 Mil mean?
SHANON (TSE:3976) has a Enterprise Value of 円2,583 Mil as of Jul. 14, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on SHANON and its competitors.
Is SHANON's Enterprise Value too high?
SHANON's current Enterprise Value is 円2,583 Mil. Overall, SHANON has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHANON's Enterprise Value compare to UBER and SHOP?
SHANON's Enterprise Value of 円2,583 Mil can be compared against companies in the Software 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 Software company?
A good Enterprise Value depends on the Software 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 SHANON and its competitors. SHANON's current Enterprise Value is 円2,583 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHANON stock overvalued right now?
Based on GuruFocus' analysis, SHANON (TSE:3976) is currently considered Significantly Overvalued. The stock's GF Value™ is 円230.27, compared to a current price of 円567.00 — trading 146.2% above its estimated fair value. The current Enterprise Value is 円2,583 Mil. SHANON's overall GF Score™ is 51/100 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 SHANON (TSE:3976), the current Enterprise Value is 円2,583 Mil as of Jul. 14, 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 SHANON (TSE:3976) Overvalued in 2026?

Based on GuruFocus' analysis, SHANON stock appears to be overvalued. The current stock price of 円567.00 is trading 146.2% above its estimated GF Value™ of 円230.27. GuruFocus considers SHANON to be Significantly Overvalued.

Key valuation signals for TSE:3976:

  • Enterprise Value: 円2,583 Mil
  • GF Value™: 円230.27 vs. price of 円567.00 (146.2% above fair value)
  • GF Score™: 51/100 with 6 warning signs

No single metric tells the full story. See the TSE:3976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SHANON Business Description

Address 3-13-16 Minato-ku, Mita 43MT Building, 4th Floor, Tokyo, JPN, 108-0073
SHANON Inc provides marketing platform and cloud application. It is engaged in the planning, development, and sale of cloud marketing solutions. It is also engaged in the provision of consulting and outsourcing services related to marketing.
51GF Score

Get the complete analysis for TSE:3976

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

円567.00
Price
円230.27
GF Value