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MIRAITSE:3476 +1.23%59 Interest Coverage is 6.85 as of Apr. 2026, which is 43% below its 10-year median of 11.95. GuruFocus rates TSE:3476 with a GF Score™ of 59/100 and a GF Value™ of 円42,624.95 (Fairly Valued). The stock has 8 warning signs investors should review. Among 684 REITs companies, MIRAI ranks better than 72.51% 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. MIRAI's
Operating Income
for the
six
months ended in Apr. 2026 was 円3,070 Mil. MIRAI's Interest Expense for the
six
months ended in Apr. 2026 was 円-448 Mil.
MIRAI's interest coverage for the quarter that ended in Apr. 2026 was 6.85.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for MIRAI's Interest Coverage or its related term are showing as below:
TSE:3476'
s Interest Coverage Range Over the Past 10 Years
Min: 7.05 Med: 11.95 Max: No Debt
Current: 7.05
TSE:3476's Interest Coverage is ranked better than 72.51% of 684
companies
in the REITs industry
Industry Median: 3.07
vs TSE:3476: 7.05
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 .
MIRAI Interest Coverage Related Terms
MIRAI Interest Coverage Historical Data
* Premium members only.
The historical data trend for MIRAI'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.
TSE:3476 vs VICI, WPC: Interest Coverage Comparison
For the REIT - Diversified subindustry, MIRAI'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.
MIRAI Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, MIRAI's Interest Coverage distribution charts can be found below:
* The bar in red indicates where MIRAI's Interest Coverage falls into.
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:
* 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 Interest Coverage of 6.85 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on MIRAI and its competitors. This is 43% below median its historical median of 11.95. Over the past decade, MIRAI's Interest Coverage has ranged from 7.05 to 10,000.00. According to the industry distribution chart, MIRAI ranks #188 out of 684 companies in the REITs industry, placing it in the top 27.5%.
Is MIRAI's Interest Coverage too high?
MIRAI's current Interest Coverage of 6.85 is 43% below median its 10-year median of 11.95. Over the past 10 years, this metric has ranged from a low of 7.05 to a high of 10,000.00. The REITs industry median Interest Coverage is 3.07. MIRAI's value of 6.85 is 123.1% above this industry median. Based on the distribution chart, MIRAI ranks #188 out of 684 companies in the REITs industry, which is above the industry midpoint. Overall, MIRAI has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MIRAI's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, MIRAI ranks #188 out of 684 companies for Interest Coverage. This puts MIRAI in the upper half of its industry. The industry median Interest Coverage is 3.07. MIRAI's value of 6.85 is 123.1% above this benchmark. Historically, MIRAI's own Interest Coverage has ranged from 7.05 to 10,000.00 over the past decade. While the company's 10-year median is 11.95 vs. the industry median of 3.07, MIRAI has consistently been above 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 a REITs company?
The median Interest Coverage among REITs companies is 3.07, based on 684 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. MIRAI's current Interest Coverage of 6.85 is 123.1% 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 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 MIRAI and its competitors. For the REITs industry, the median Interest Coverage is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRAI's current Interest Coverage is 6.85, which is 43% below median its own 10-year median of 11.95. 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 Fairly Valued. The stock's GF Value™ is 円42,624.95, compared to a current price of 円41,250.00 — trading 3.2% below its estimated fair value. The current Interest Coverage is 6.85, which is 43% below median its 10-year median of 11.95 and 123.1% above the REITs industry median of 3.07. MIRAI's overall GF Score™ is 59/100 with 8 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 MIRAI (TSE:3476), the current Interest Coverage is 6.85 as of Apr. 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41,250.00 is trading 3.2% below its estimated GF Value™ of 円42,624.95.
GuruFocus considers MIRAI to be Fairly Valued.
Key valuation signals for TSE:3476:
Interest Coverage: 6.85 (43% below median its 10-year median of 11.95)
GF Value™: 円42,624.95 vs. price of 円41,250.00 (3.2% below fair value)
Industry Position: 123.1% above the REITs median (#188 of 684)
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.
59GF Score
Get the complete analysis for TSE:3476
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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