A multi-way reversing valve includes a valve housing having a valve seat part in which a plurality of fluid in/out ports are formed; a valve member adapted to be rotated; and an actuator adapted to rotationally actuate the valve member. A fluid inlet port and/or a fluid outlet port is/are formed in the valve housing. A passage adapted to selectively place the fluid inlet port or the fluid outlet port in communication with the plurality of fluid in/out ports is formed within the valve member. Flow paths are reversed by rotating the valve member to selectively place the fluid inlet port or the fluid outlet port in communication with one of the plurality of in/out ports via the passage. The rotational axis line of the valve member is laterally eccentric relative to the rotational axis line of an output shaft of the actuator by a predetermined distance.