Belluna Co (TSE:9997) Enterprise Value: 円205,694 Mil (As of Jul. 02, 2026) ***


TSE:9997 Belluna Co Ltd TSE:9997
62 GF Score
Price 円941.00
GF Value 円805.90
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Belluna Co Enterprise Value?

Belluna Co TSE:9997 -0.63% 62 Enterprise Value is 円205,694 Mil as of Jul. 02, 2026. GuruFocus rates TSE:9997 with a GF Score™ of 62/100 and a GF Value™ of 円805.90 (Modestly Overvalued). The stock has 3 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, Belluna Co's Enterprise Value is 円205,694 Mil. Belluna Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円18,088 Mil. Therefore, Belluna Co's EV-to-EBIT ratio for today is 11.37.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Belluna Co's Enterprise Value is 円205,694 Mil. Belluna Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was 円25,803 Mil. Therefore, Belluna Co's EV-to-EBITDA ratio for today is 7.97.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Belluna Co's Enterprise Value is 円205,694 Mil. Belluna Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was 円218,098 Mil. Therefore, Belluna Co's EV-to-Revenue ratio for today is 0.94.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Belluna Co's Enterprise Value is 円205,694 Mil. Belluna Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 円0 Mil. Therefore, Belluna 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, Belluna Co's Enterprise Value is 円205,694 Mil. Belluna Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円0 Mil. Therefore, Belluna 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.


Belluna Co  (TSE:9997) 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.

Belluna Co's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=205694.299/18088
=11.37

Belluna Co's current Enterprise Value is 円205,694 Mil.
Belluna Co's EBIT 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18,088 Mil.

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

Belluna Co's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=205694.299/25803
=7.97

Belluna Co's current Enterprise Value is 円205,694 Mil.
Belluna 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25,803 Mil.

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

Belluna Co's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=205694.299/218098
=0.94

Belluna Co's current Enterprise Value is 円205,694 Mil.
Belluna Co's Revenue 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218,098 Mil.

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

Belluna Co's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=205694.299/0
=

Belluna Co's current Enterprise Value is 円205,694 Mil.
Belluna Co's Cash Flow from Operations 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0 Mil.

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

Belluna Co's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=205694.299/0
=

Belluna Co's current Enterprise Value is 円205,694 Mil.
Belluna Co's Free Cash Flow 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.


Belluna Co Enterprise Value Related Terms


Belluna Co Enterprise Value Historical Data

* Premium members only.

The historical data trend for Belluna 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.

Belluna Co Enterprise Value Chart

Belluna Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 126,495.31 147,875.38 144,052.08 185,902.74 198,866.25

Belluna Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 185,902.74 191,435.80 217,327.59 211,317.03 198,866.25

TSE:9997 vs CASY, WSM, DKS: Enterprise Value Comparison

For the Specialty Retail subindustry, Belluna 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.


Belluna Co Enterprise Value vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Belluna Co's Enterprise Value distribution charts can be found below:

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


TSE:9997
62GF Score
Belluna Co Ltd TSE:9997
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Belluna 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.

Belluna Co's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as

Belluna Co's Enterprise Value for the quarter 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of 円205,694 Mil mean?
Belluna Co (TSE:9997) has a Enterprise Value of 円205,694 Mil as of Jul. 02, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Belluna Co and its competitors.
Is Belluna Co's Enterprise Value too high?
Belluna Co's current Enterprise Value is 円205,694 Mil. Overall, Belluna Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Belluna Co's Enterprise Value compare to CASY and WSM?
Belluna Co's Enterprise Value of 円205,694 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Enterprise Value depends on the Retail - Cyclical 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 Belluna Co and its competitors. Belluna Co's current Enterprise Value is 円205,694 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belluna Co stock overvalued right now?
Based on GuruFocus' analysis, Belluna Co (TSE:9997) is currently considered Modestly Overvalued. The stock's GF Value™ is 円805.90, compared to a current price of 円941.00 — trading 16.8% above its estimated fair value. The current Enterprise Value is 円205,694 Mil. Belluna Co's overall GF Score™ is 62/100 with 3 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 Belluna Co (TSE:9997), the current Enterprise Value is 円205,694 Mil as of Jul. 02, 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 Belluna Co (TSE:9997) Overvalued in 2026?

Based on GuruFocus' analysis, Belluna Co stock appears to be overvalued. The current stock price of 円941.00 is trading 16.8% above its estimated GF Value™ of 円805.90. GuruFocus considers Belluna Co to be Modestly Overvalued.

Key valuation signals for TSE:9997:

  • Enterprise Value: 円205,694 Mil
  • GF Value™: 円805.90 vs. price of 円941.00 (16.8% above fair value)
  • GF Score™: 62/100 with 3 warning signs

No single metric tells the full story. See the TSE:9997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Belluna Co Business Description

Other Exchanges 73L:Germany
Address 4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688
Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.
62GF Score

Get the complete analysis for TSE:9997

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

円941.00
Price
円805.90
GF Value