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, Heiwa Paper Co's Enterprise Value is 円3,930 Mil.
Heiwa Paper Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円166 Mil. Therefore, Heiwa Paper Co's EV-to-EBIT ratio for today is 23.68.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Heiwa Paper Co's Enterprise Value is 円3,930 Mil.
Heiwa Paper Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was 円354 Mil. Therefore, Heiwa Paper Co's EV-to-EBITDA ratio for today is 11.11.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Heiwa Paper Co's Enterprise Value is 円3,930 Mil.
Heiwa Paper Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was 円15,797 Mil. Therefore, Heiwa Paper Co's EV-to-Revenue ratio for today is 0.25.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Heiwa Paper Co's Enterprise Value is 円3,930 Mil.
Heiwa Paper Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円508 Mil. Therefore, Heiwa Paper Co's EV-to-FCF ratio for today is 7.74.
*** 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.
Heiwa Paper Co (TSE:9929) 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.
Heiwa Paper Co's current Enterprise Value is 円3,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heiwa Paper Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円166 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Heiwa Paper Co's current Enterprise Value is 円3,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heiwa Paper Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was 円354 Mil.
Heiwa Paper Co's current Enterprise Value is 円3,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heiwa Paper Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was 円15,797 Mil.
Heiwa Paper Co's current Enterprise Value is 円3,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heiwa Paper Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,047 Mil.
Heiwa Paper Co's current Enterprise Value is 円3,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heiwa Paper Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円508 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 Enterprise Value Related Terms
Heiwa Paper Co Enterprise Value Historical Data
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The historical data trend for Heiwa Paper 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.
Heiwa Paper Co Enterprise Value Competitor Comparison
For the Paper & Paper Products subindustry, Heiwa Paper 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.
Heiwa Paper Co Enterprise Value vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Heiwa Paper Co's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Heiwa Paper Co's Enterprise Value for the fiscal year that ended in Mar. 2026 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.
Heiwa Paper Co (TSE:9929) has a Enterprise Value of 円3,930 Mil as of Jul. 11, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Heiwa Paper Co and its competitors.
Is Heiwa Paper Co's Enterprise Value too high?
Heiwa Paper Co's current Enterprise Value is 円3,930 Mil. 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 Enterprise Value compare to competitors?
Heiwa Paper Co's Enterprise Value of 円3,930 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 Heiwa Paper Co and its competitors. Heiwa Paper Co's current Enterprise Value is 円3,930 Mil. 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437.78, compared to a current price of 円467.00 — trading 6.7% above its estimated fair value. The current Enterprise Value is 円3,930 Mil. Heiwa Paper Co's overall GF Score™ is 70/100 with 5 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 Heiwa Paper Co (TSE:9929), the current Enterprise Value is 円3,930 Mil as of Jul. 11, 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467.00 is trading 6.7% above its estimated GF Value™ of 円437.78.
GuruFocus considers Heiwa Paper Co to be Fairly Valued.
Key valuation signals for TSE:9929:
Enterprise Value: 円3,930 Mil
GF Value™: 円437.78 vs. price of 円467.00 (6.7% above fair value)
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
Get the complete analysis for TSE:9929
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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