EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, MIRAI's Enterprise Value is 円170,034 Mil.
MIRAI's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2025 was 円3,431 Mil. Therefore, MIRAI's EV-to-FCF for today is 49.56.
The historical rank and industry rank for MIRAI's EV-to-FCF or its related term are showing as below:
TSE:3476'
s EV-to-FCF Range Over the Past 10 Years
Min: -65.78 Med: -10.18 Max: 174.59
Current: 49.64
During the past 10 years, the highest EV-to-FCF of MIRAI was 174.59. The lowest was -65.78. And the median was -10.18.
TSE:3476's EV-to-FCF is ranked worse than 80.35% of 738
companies
in the REITs industry
Industry Median: 22.975
vs TSE:3476: 49.64
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-11), MIRAI's stock price is 円41950.00.
MIRAI's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2025 was 円2645.000. Therefore, MIRAI's PE Ratio (TTM) for today is 15.86.
MIRAI (TSE:3476) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
MIRAI's share price for today is 円41950.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MIRAI's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2025 was 円2645.000.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MIRAI EV-to-FCF Related Terms
MIRAI EV-to-FCF Historical Data
* Premium members only.
The historical data trend for MIRAI's EV-to-FCF 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.
For the REIT - Diversified subindustry, MIRAI's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
MIRAI EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, MIRAI's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where MIRAI's EV-to-FCF falls into.
MIRAI's current Enterprise Value is 円170,034 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MIRAI's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2025 was 円3,431 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.
MIRAI (TSE:3476) has a EV-to-FCF of 49.56 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MIRAI and its competitors. According to the industry distribution chart, MIRAI ranks #593 out of 738 companies in the REITs industry, placing it in the top 80.4%.
Is MIRAI's EV-to-FCF too high?
MIRAI's current EV-to-FCF is 49.56. The REITs industry median EV-to-FCF is 22.98. MIRAI's value of 49.56 is 115.7% above this industry median. Based on the distribution chart, MIRAI ranks #593 out of 738 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, MIRAI has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRAI's EV-to-FCF compare to VICI and WPC?
According to the REITs industry distribution chart, MIRAI ranks #593 out of 738 companies for EV-to-FCF. This places MIRAI in the lower half of its industry. The industry median EV-to-FCF is 22.98. MIRAI's value of 49.56 is 115.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 22.98, based on 738 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIRAI's current EV-to-FCF of 49.56 is 115.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MIRAI and its competitors. For the REITs industry, the median EV-to-FCF is 22.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRAI's current EV-to-FCF is 49.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRAI stock overvalued right now?
Based on GuruFocus' analysis, MIRAI (TSE:3476) is currently considered Modestly Undervalued. The stock's GF Value™ is 円52,711.35, compared to a current price of 円41,950.00 — trading 20.4% below its estimated fair value. The current EV-to-FCF is 49.56 and 115.7% above the REITs industry median of 22.98. MIRAI's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For MIRAI (TSE:3476), the current EV-to-FCF is 49.56 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 MIRAI (TSE:3476) Overvalued in 2026?
Based on GuruFocus' analysis, MIRAI stock appears to be undervalued.
The current stock price of 円41,950.00 is trading 20.4% below its estimated GF Value™ of 円52,711.35.
GuruFocus considers MIRAI to be Modestly Undervalued.
Key valuation signals for TSE:3476:
EV-to-FCF: 49.56
GF Value™: 円52,711.35 vs. price of 円41,950.00 (20.4% below fair value)
Industry Position: 115.7% above the REITs median (#593 of 738)
No single metric tells the full story. See the TSE:3476 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIRAI Corp is a Japanese real estate investment trust. The company invests in a diversified portfolio of real estate properties, including office buildings, retail properties, and hotels.
56GF Score
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