AWTRF (Air Water) EBIT: $313 Mil (TTM As of Sep. 2025)

What is Air Water EBIT?

Air Water AWTRF 86 EBIT is $313 Mil as of Sep. 2025. GuruFocus rates AWTRF with a GF Score™ of 86/100 and a GF Value™ of $11.73 (Modestly Overvalued). The stock has 14 warning signs investors should review.

Air Water's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2025 was $-141 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was $313 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Air Water's annualized ROC % for the quarter that ended in Sep. 2025 was -9.06%. Air Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -12.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Air Water's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 5.03%.

Air Water (OTCPK:AWTRF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Air Water's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

	ROC % (Q: Sep. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Sep. 2025 ))	/ count )
=	-630.964 * ( 1 - 5.2% )	/	( (6885.638	+	6323.858)	/ 2 )
=	-598.153872	/	6604.748
=	-9.06 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8448.882	-	1069.132	-	( 494.112	-	max(0, 2150.951	-	2979.046	+	494.112	))
=	6885.638

	Invested Capital		(Q: Sep. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7800.49	-	996.153	-	( 480.479	-	max(0, 2011.634	-	2783.173	+	480.479	))
=	6323.858

Note: The Operating Income data used here is four times the quarterly (Sep. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Air Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Sep. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-562.764	/	( ( (3641.274 + max(1100.423, 0))	+	(3489.104 + max(970.507, 0)) )	/	2 )
=	-562.764	/	( ( 4741.697	+	4459.611 )	/	2 )
=	-562.764	/	4600.654
=	-12.23 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1501.334	+	727.841	+	255.759)	-	(1069.132	+	0	+	315.379)
=	1100.423

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1361.119	+	698.965	+	242.61)	-	(996.153	+	0	+	336.034)
=	970.507

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Air Water's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2025 )
	=	312.55	/	6211.147
	=	5.03 %

* 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.

Air Water EBIT Related Terms

Air Water EBIT Historical Data

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The historical data trend for Air Water's EBIT can be seen below:

Air Water EBIT Chart

Air Water Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

EBIT

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481.68

561.19

480.54

474.91

532.20

Air Water Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25
EBIT	Get a 7-Day Free Trial															99.90	174.94	151.68	126.62	-140.69

AWTRF vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Air Water's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Air Water EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Water's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Air Water's EV-to-EBIT falls into.

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86GF Score

Air Water Inc AWTRF

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Air Water EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $313 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $313 Mil mean?

Air Water (AWTRF) has a EBIT of $313 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Air Water.

Is Air Water's EBIT too high?

Air Water's current EBIT is $313 Mil. Overall, Air Water has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Air Water's EBIT compare to LIN and SHW?

Air Water's EBIT of $313 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Chemicals company?

A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Air Water. Air Water's current EBIT is $313 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Air Water stock overvalued right now?

Based on GuruFocus' analysis, Air Water (AWTRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.73, compared to a current price of $14.75 — trading 25.7% above its estimated fair value. The current EBIT is $313 Mil. Air Water's overall GF Score™ is 86/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Air Water (AWTRF), the current EBIT is $313 Mil as of Sep. 2025. 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 Air Water (AWTRF) Overvalued in 2026?

Based on GuruFocus' analysis, Air Water stock appears to be overvalued. The current stock price of $14.75 is trading 25.7% above its estimated GF Value™ of $11.73. GuruFocus considers Air Water to be Modestly Overvalued.

Key valuation signals for AWTRF:

EBIT: $313 Mil
GF Value™: $11.73 vs. price of $14.75 (25.7% above fair value)
GF Score™: 86/100 with 14 warning signs

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

Air Water Business Description

Industry Basic Materials Chemicals

Comparable Companies TSE:4203 TSE:4403 TSE:4626 TSE:4183 TSE:4631 TSE:8012 TSE:4613 TSE:4205 TSE:7966 TSE:4966 LIN XPAR:AI SHW ECL APD SHSE:603256 XSWX:GIVN TPE:1303 XSWX:SIKA SHSE:600309

Other Exchanges 4088:Japan 0AW:Germany

Address 2-12-8 Minamisenba, Chuo-ku, Osaka, JPN, 542-0081

Website https://www.awi.co.jp

Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.

86GF Score

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

$14.75

Price

$11.73

GF Value

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