First Brothers Co (TSE:3454) Interest Coverage: 9.46 (As of May. 2026) — 10% Above Median

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TSE:3454 First Brothers Co Ltd TSE:3454
65 GF Score
Price 円1,277.00
GF Value 円1,541.44
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is First Brothers Co Interest Coverage?

First Brothers Co TSE:3454 +0.08% 65 Interest Coverage is 9.46 as of May. 2026, which is 10% above its 10-year median of 8.60. GuruFocus rates TSE:3454 with a GF Score™ of 65/100 and a GF Value™ of 円1,541.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 483 Asset Management companies, First Brothers Co ranks worse than 67.91% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. First Brothers Co's Operating Income for the three months ended in May. 2026 was 円2,230 Mil. First Brothers Co's Interest Expense for the three months ended in May. 2026 was 円-236 Mil. First Brothers Co's interest coverage for the quarter that ended in May. 2026 was 9.46. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for First Brothers Co's Interest Coverage or its related term are showing as below:

TSE:3454' s Interest Coverage Range Over the Past 10 Years
Min: 3.14   Med: 8.6   Max: 22.78
Current: 8.47


TSE:3454's Interest Coverage is ranked worse than
67.91% of 483 companies
in the Asset Management industry
Industry Median: 45.22 vs TSE:3454: 8.47

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


First Brothers Co  (TSE:3454) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


First Brothers Co Interest Coverage Related Terms


First Brothers Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for First Brothers Co's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

First Brothers Co Interest Coverage Chart

First Brothers Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.46 3.14 7.15 4.42 6.70

First Brothers Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
Interest Coverage 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 N/A 3.82 18.82 2.33 9.46

TSE:3454 vs BLK, BX, KKR: Interest Coverage Comparison

For the Asset Management subindustry, First Brothers Co's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


First Brothers Co Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, First Brothers Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where First Brothers Co's Interest Coverage falls into.


TSE:3454
65GF Score
First Brothers Co Ltd TSE:3454
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Brothers Co Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

First Brothers Co's Interest Coverage for the fiscal year that ended in Nov. 2025 is calculated as

Here, for the fiscal year that ended in Nov. 2025, First Brothers Co's Interest Expense was 円-790 Mil. Its Operating Income was 円5,295 Mil. And its Long-Term Debt & Capital Lease Obligation was 円53,604 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2025 )/Interest Expense (A: Nov. 2025 )
=-1*5295.138/-789.994
=6.70

First Brothers Co's Interest Coverage for the quarter that ended in May. 2026 is calculated as

Here, for the three months ended in May. 2026, First Brothers Co's Interest Expense was 円-236 Mil. Its Operating Income was 円2,230 Mil. And its Long-Term Debt & Capital Lease Obligation was 円51,211 Mil.

Interest Coverage=-1* Operating Income (Q: May. 2026 )/Interest Expense (Q: May. 2026 )
=-1*2229.556/-235.587
=9.46

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 9.46 mean?
First Brothers Co (TSE:3454) has a Interest Coverage of 9.46 as of May. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on First Brothers Co and its competitors. This is 10% above median its historical median of 8.60. Over the past decade, First Brothers Co's Interest Coverage has ranged from 3.14 to 22.78. According to the industry distribution chart, First Brothers Co ranks #328 out of 483 companies in the Asset Management industry, placing it in the top 67.9%.
Is First Brothers Co's Interest Coverage too high?
First Brothers Co's current Interest Coverage of 9.46 is 10% above median its 10-year median of 8.60. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 22.78. The Asset Management industry median Interest Coverage is 45.22. First Brothers Co's value of 9.46 is 79.1% below this industry median. Based on the distribution chart, First Brothers Co ranks #328 out of 483 companies in the Asset Management industry, which is below the industry midpoint. Overall, First Brothers Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's Interest Coverage compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #328 out of 483 companies for Interest Coverage. This places First Brothers Co in the lower half of its industry. The industry median Interest Coverage is 45.22. First Brothers Co's value of 9.46 is 79.1% below this benchmark. Historically, First Brothers Co's own Interest Coverage has ranged from 3.14 to 22.78 over the past decade. While the company's 10-year median is 8.60 vs. the industry median of 45.22, First Brothers Co 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 Interest Coverage for an Asset Management company?
The median Interest Coverage among Asset Management companies is 45.22, based on 483 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Brothers Co's current Interest Coverage of 9.46 is 79.1% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on First Brothers Co and its competitors. For the Asset Management industry, the median Interest Coverage is 45.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current Interest Coverage is 9.46, which is 10% above median its own 10-year median of 8.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,541.44, compared to a current price of 円1,277.00 — trading 17.2% below its estimated fair value. The current Interest Coverage is 9.46, which is 10% above median its 10-year median of 8.60 and 79.1% below the Asset Management industry median of 45.22. First Brothers Co's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For First Brothers Co (TSE:3454), the current Interest Coverage is 9.46 as of May. 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 First Brothers Co (TSE:3454) Overvalued in 2026?

Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued. The current stock price of 円1,277.00 is trading 17.2% below its estimated GF Value™ of 円1,541.44. GuruFocus considers First Brothers Co to be Modestly Undervalued.

Key valuation signals for TSE:3454:

  • Interest Coverage: 9.46 (10% above median its 10-year median of 8.60)
  • GF Value™: 円1,541.44 vs. price of 円1,277.00 (17.2% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 79.1% below the Asset Management median (#328 of 483)

No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Brothers Co Business Description

Address 2-4-1 Marunouchi, 25th Floor, Marunouchi Building, Chiyoda-ku, Tokyo, JPN, 100-6325
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
65GF Score

Get the complete analysis for TSE:3454

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

円1,277.00
Price
円1,541.44
GF Value