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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Starts Proceed Investment's Enterprise Value is 円105,368 Mil.
Starts Proceed Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2025 was 円4,964 Mil. Therefore, Starts Proceed Investment's EV-to-FCF for today is 21.23.
The historical rank and industry rank for Starts Proceed Investment's EV-to-FCF or its related term are showing as below:
TSE:8979'
s EV-to-FCF Range Over the Past 10 Years
Min: -33.12 Med: 33.97 Max: 45.32
Current: 21.27
During the past 13 years, the highest EV-to-FCF of Starts Proceed Investment was 45.32. The lowest was -33.12. And the median was 33.97.
TSE:8979's EV-to-FCF is ranked better than 55.07% of 739
companies
in the REITs industry
Industry Median: 23.16
vs TSE:8979: 21.27
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.
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.
Starts Proceed Investment's PE Ratio (TTM) for today is calculated as:
Starts Proceed Investment's share price for today is 円187100.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Starts Proceed Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2025 was 円9510.603.
* 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.
Starts Proceed Investment EV-to-FCF Related Terms
Starts Proceed Investment EV-to-FCF Historical Data
* 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 - Residential subindustry, Starts Proceed Investment'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.
Starts Proceed Investment EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Starts Proceed Investment's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Starts Proceed Investment's EV-to-FCF falls into.
Starts Proceed Investment's current Enterprise Value is 円105,368 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Starts Proceed Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2025 was 円4,964 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.
Starts Proceed Investment (TSE:8979) has a EV-to-FCF of 21.23 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Starts Proceed Investment and its competitors. This is 38% below median its historical median of 33.97. According to the industry distribution chart, Starts Proceed Investment ranks #332 out of 739 companies in the REITs industry, placing it in the top 44.9%.
Is Starts Proceed Investment's EV-to-FCF too high?
Starts Proceed Investment's current EV-to-FCF of 21.23 is 38% below median its 10-year median of 33.97. The REITs industry median EV-to-FCF is 23.16. Starts Proceed Investment's value of 21.23 is 8.3% below this industry median. Based on the distribution chart, Starts Proceed Investment ranks #332 out of 739 companies in the REITs industry, which is above the industry midpoint. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's EV-to-FCF compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #332 out of 739 companies for EV-to-FCF. This puts Starts Proceed Investment in the upper half of its industry. The industry median EV-to-FCF is 23.16. Starts Proceed Investment's value of 21.23 is 8.3% below this benchmark. While the company's 10-year median is 33.97 vs. the industry median of 23.16, Starts Proceed Investment has consistently been below the industry average. 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 23.16, based on 739 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. Starts Proceed Investment's current EV-to-FCF of 21.23 is 8.3% below 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 Starts Proceed Investment and its competitors. For the REITs industry, the median EV-to-FCF is 23.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starts Proceed Investment's current EV-to-FCF is 21.23, which is 38% below median its own 10-year median of 33.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円211,918.35, compared to a current price of 円187,100.00 — trading 11.7% below its estimated fair value. The current EV-to-FCF is 21.23, which is 38% below median its 10-year median of 33.97 and 8.3% below the REITs industry median of 23.16. Starts Proceed Investment's overall GF Score™ is 64/100 with 6 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 Starts Proceed Investment (TSE:8979), the current EV-to-FCF is 21.23 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?
Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued.
The current stock price of 円187,100.00 is trading 11.7% below its estimated GF Value™ of 円211,918.35.
GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.
Key valuation signals for TSE:8979:
EV-to-FCF: 21.23 (38% below median its 10-year median of 33.97)
GF Value™: 円211,918.35 vs. price of 円187,100.00 (11.7% below fair value)
Industry Position: 8.3% below the REITs median (#332 of 739)
No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score
Get the complete analysis for TSE:8979
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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