Forval Telecom (TSE:9445) Interest Coverage: 244.26 (As of Mar. 2026) — 395% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9445 Forval Telecom Inc TSE:9445
71 GF Score
Price 円538.00
GF Value 円457.11
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Forval Telecom Interest Coverage?

Forval Telecom TSE:9445 71 Interest Coverage is 244.26 as of Mar. 2026, which is 395% above its 10-year median of 49.36. GuruFocus rates TSE:9445 with a GF Score™ of 71/100 and a GF Value™ of 円457.11 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 283 Telecommunication Services companies, Forval Telecom ranks better than 96.82% 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. Forval Telecom's Operating Income for the six months ended in Mar. 2026 was 円606 Mil. Forval Telecom's Interest Expense for the six months ended in Mar. 2026 was 円-2 Mil. Forval Telecom's interest coverage for the quarter that ended in Mar. 2026 was 244.26. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Forval Telecom Inc has no debt.

The historical rank and industry rank for Forval Telecom's Interest Coverage or its related term are showing as below:

TSE:9445' s Interest Coverage Range Over the Past 10 Years
Min: 28.22   Med: 49.36   Max: 288.37
Current: 288.37


TSE:9445's Interest Coverage is ranked better than
96.82% of 283 companies
in the Telecommunication Services industry
Industry Median: 4.74 vs TSE:9445: 288.37

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


Forval Telecom  (TSE:9445) 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 .


Forval Telecom Interest Coverage Related Terms


Forval Telecom Interest Coverage Historical Data

* Premium members only.

The historical data trend for Forval Telecom'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.

Forval Telecom Interest Coverage Chart

Forval Telecom Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.97 35.13 77.26 118.40 288.37

Forval Telecom Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 77.92 97.48 148.94 348.60 244.26

TSE:9445 vs TMUS, VZ, T: Interest Coverage Comparison

For the Telecom Services subindustry, Forval Telecom'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.


Forval Telecom Interest Coverage vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forval Telecom's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Forval Telecom's Interest Coverage falls into.


TSE:9445
71GF Score
Forval Telecom Inc TSE:9445
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forval Telecom 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.

Forval Telecom's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Forval Telecom's Interest Expense was 円-4 Mil. Its Operating Income was 円1,239 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1238.57/-4.295
=288.37

Forval Telecom's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Forval Telecom's Interest Expense was 円-2 Mil. Its Operating Income was 円606 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*605.518/-2.479
=244.26

* 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 244.26 mean?
Forval Telecom (TSE:9445) has a Interest Coverage of 244.26 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Forval Telecom and its competitors. This is 395% above median its historical median of 49.36. Over the past decade, Forval Telecom's Interest Coverage has ranged from 28.22 to 288.37. According to the industry distribution chart, Forval Telecom ranks #9 out of 283 companies in the Telecommunication Services industry, placing it in the top 3.2%.
Is Forval Telecom's Interest Coverage too high?
Forval Telecom's current Interest Coverage of 244.26 is 395% above median its 10-year median of 49.36. Over the past 10 years, this metric has ranged from a low of 28.22 to a high of 288.37. The Telecommunication Services industry median Interest Coverage is 4.74. Forval Telecom's value of 244.26 is 5053.2% above this industry median. Based on the distribution chart, Forval Telecom ranks #9 out of 283 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Forval Telecom has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forval Telecom's Interest Coverage compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Forval Telecom ranks #9 out of 283 companies for Interest Coverage. This places Forval Telecom in the top 3% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.74. Forval Telecom's value of 244.26 is 5053.2% above this benchmark. Historically, Forval Telecom's own Interest Coverage has ranged from 28.22 to 288.37 over the past decade. While the company's 10-year median is 49.36 vs. the industry median of 4.74, Forval Telecom 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 Telecommunication Services company?
The median Interest Coverage among Telecommunication Services companies is 4.74, based on 283 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. Forval Telecom's current Interest Coverage of 244.26 is 5053.2% 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 Forval Telecom and its competitors. For the Telecommunication Services industry, the median Interest Coverage is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval Telecom's current Interest Coverage is 244.26, which is 395% above median its own 10-year median of 49.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval Telecom stock overvalued right now?
Based on GuruFocus' analysis, Forval Telecom (TSE:9445) is currently considered Modestly Overvalued. The stock's GF Value™ is 円457.11, compared to a current price of 円538.00 — trading 17.7% above its estimated fair value. The current Interest Coverage is 244.26, which is 395% above median its 10-year median of 49.36 and 5053.2% above the Telecommunication Services industry median of 4.74. Forval Telecom's overall GF Score™ is 71/100 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 Forval Telecom (TSE:9445), the current Interest Coverage is 244.26 as of Mar. 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 Forval Telecom (TSE:9445) Overvalued in 2026?

Based on GuruFocus' analysis, Forval Telecom stock appears to be overvalued. The current stock price of 円538.00 is trading 17.7% above its estimated GF Value™ of 円457.11. GuruFocus considers Forval Telecom to be Modestly Overvalued.

Key valuation signals for TSE:9445:

  • Interest Coverage: 244.26 (395% above median its 10-year median of 49.36)
  • GF Value™: 円457.11 vs. price of 円538.00 (17.7% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 5053.2% above the Telecommunication Services median (#9 of 283)

No single metric tells the full story. See the TSE:9445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forval Telecom Business Description

Address 3-26, Kanda-Nishikicho, HitotsubashiSI Bldg. 2F, Chiyoda-ku, Tokyo, JPN, 101-0054
Forval Telecom Inc provides telecommunications communication services and management consulting services in Japan. It provides discount international and domestic telephone and cellular phone services for the business and private sectors. It is also involved in the security certification acquisition consulting business.
71GF Score

Get the complete analysis for TSE:9445

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

円538.00
Price
円457.11
GF Value