ToseiTSE:8923 -0.70%91 Interest Coverage is 22.68 as of Feb. 2026, which is 95% above its 10-year median of 11.65. GuruFocus rates TSE:8923 with a GF Score™ of 91/100 and a GF Value™ of 円1,614.63 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,299 Real Estate companies, Tosei ranks better than 69.52% 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. Tosei's
Operating Income
for the
three
months ended in Feb. 2026 was 円15,500 Mil. Tosei's Interest Expense for the
three
months ended in Feb. 2026 was 円-683 Mil.
Tosei's interest coverage for the quarter that ended in Feb. 2026 was 22.68.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Tosei's Interest Coverage or its related term are showing as below:
TSE:8923'
s Interest Coverage Range Over the Past 10 Years
Min: 8.09 Med: 11.65 Max: 16.8
Current: 10
TSE:8923's Interest Coverage is ranked better than 69.52% of 1299
companies
in the Real Estate industry
Industry Median: 4.24
vs TSE:8923: 10.00
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 .
Tosei Interest Coverage Related Terms
Tosei Interest Coverage Historical Data
* Premium members only.
The historical data trend for Tosei'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.
For the Real Estate - Diversified subindustry, Tosei'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.
Tosei Interest Coverage vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Tosei's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Tosei'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.
Tosei (TSE:8923) has a Interest Coverage of 22.68 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Tosei and its competitors. This is 95% above median its historical median of 11.65. Over the past decade, Tosei's Interest Coverage has ranged from 8.09 to 16.80. According to the industry distribution chart, Tosei ranks #396 out of 1299 companies in the Real Estate industry, placing it in the top 30.5%.
Is Tosei's Interest Coverage too high?
Tosei's current Interest Coverage of 22.68 is 95% above median its 10-year median of 11.65. Over the past 10 years, this metric has ranged from a low of 8.09 to a high of 16.80. The Real Estate industry median Interest Coverage is 4.24. Tosei's value of 22.68 is 434.9% above this industry median. Based on the distribution chart, Tosei ranks #396 out of 1299 companies in the Real Estate industry, which is above the industry midpoint. Overall, Tosei has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei's Interest Coverage compare to competitors?
According to the Real Estate industry distribution chart, Tosei ranks #396 out of 1299 companies for Interest Coverage. This puts Tosei in the upper half of its industry. The industry median Interest Coverage is 4.24. Tosei's value of 22.68 is 434.9% above this benchmark. Historically, Tosei's own Interest Coverage has ranged from 8.09 to 16.80 over the past decade. While the company's 10-year median is 11.65 vs. the industry median of 4.24, Tosei 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 Real Estate company?
The median Interest Coverage among Real Estate companies is 4.24, based on 1,299 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. Tosei's current Interest Coverage of 22.68 is 434.9% 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 Tosei and its competitors. For the Real Estate industry, the median Interest Coverage is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosei's current Interest Coverage is 22.68, which is 95% above median its own 10-year median of 11.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei stock overvalued right now?
Based on GuruFocus' analysis, Tosei (TSE:8923) is currently considered Fairly Valued. The stock's GF Value™ is 円1,614.63, compared to a current price of 円1,694.00 — trading 4.9% above its estimated fair value. The current Interest Coverage is 22.68, which is 95% above median its 10-year median of 11.65 and 434.9% above the Real Estate industry median of 4.24. Tosei's overall GF Score™ is 91/100 with 5 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 Tosei (TSE:8923), the current Interest Coverage is 22.68 as of Feb. 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 Tosei (TSE:8923) Overvalued in 2026?
Based on GuruFocus' analysis, Tosei stock appears to be overvalued.
The current stock price of 円1,694.00 is trading 4.9% above its estimated GF Value™ of 円1,614.63.
GuruFocus considers Tosei to be Fairly Valued.
Key valuation signals for TSE:8923:
Interest Coverage: 22.68 (95% above median its 10-year median of 11.65)
GF Value™: 円1,614.63 vs. price of 円1,694.00 (4.9% above fair value)
Industry Position: 434.9% above the Real Estate median (#396 of 1299)
No single metric tells the full story. See the TSE:8923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosei Corp is a diversified real estate company based in Japan. It is engaged in selling condominiums, detached houses, rental condominiums, and office buildings to individual customers and investors; providing asset management services for real estate funds, leasing properties; operating a real estate revitalization business; and operating hotels, among other activities. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Revitalization, Real Estate Development, Real Estate Leasing, Real Estate Fund and Consulting, Real Estate Management, and Hotel. Maximum revenue is generated from its Real Estate Revitalization Business, which revitalizes and sells properties with deteriorated asset value.
91GF Score
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