AWTRF (Air Water) EBIT: $419 Mil (TTM As of Mar. 2026)

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AWTRF Air Water Inc AWTRF
72 GF Score
Price $13.91
GF Value $13.19
Valuation Fairly Valued
! 11 Warning Signs
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What is Air Water EBIT?

Air Water AWTRF -5.69% 72 EBIT is $419 Mil as of Mar. 2026. GuruFocus rates AWTRF with a GF Score™ of 72/100 and a GF Value™ of $13.19 (Fairly Valued). The stock has 11 warning signs investors should review.

Air Water's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was $436 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $419 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 Mar. 2026 was 10.25%. Air Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.67%.

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 Mar. 2026 was 6.84%.


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 Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=831.496 * ( 1 - 22.86% )/( (6323.858 + 6192.365)/ 2 )
=641.4160144/6258.1115
=10.25 %

where

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

Invested Capital(Q: Mar. 2026 )
=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))
=7664.9 - 1207.699 - ( 594.69 - max(0, 2675.793 - 2940.629+594.69))
=6192.365

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Air Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=871.614/( ( (3489.104 + max(970.507, 0)) + (3186.34 + max(785.699, 0)) )/ 2 )
=871.614/( ( 4459.611 + 3972.039 )/ 2 )
=871.614/4215.825
=20.67 %

where Working Capital is:

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

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1304.036 + 767.324 + 274.579) - (1207.699 + 0 + 352.541)
=785.699

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) 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: Mar. 2026 )
=418.845/6120.014
=6.84 %

* 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

* Premium members only.

The historical data trend for Air Water's EBIT 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.

Air Water EBIT Chart

Air Water Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 561.19 480.54 474.91 532.20 420.00

Air Water Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EBIT 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 276.13 208.54 -421.11 -16.96 435.81

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.


AWTRF
72GF 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $419 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $419 Mil mean?
Air Water (AWTRF) has a EBIT of $419 Mil as of Mar. 2026. 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 $419 Mil. Overall, Air Water has a GF Score™ of 72/100 and is considered Fairly Valued, 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 $419 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 $419 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 Fairly Valued. The stock's GF Value™ is $13.19, compared to a current price of $13.91 — trading 5.5% above its estimated fair value. The current EBIT is $419 Mil. Air Water's overall GF Score™ is 72/100 with 11 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 $419 Mil 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 Air Water (AWTRF) Overvalued in 2026?

Based on GuruFocus' analysis, Air Water stock appears to be overvalued. The current stock price of $13.91 is trading 5.5% above its estimated GF Value™ of $13.19. GuruFocus considers Air Water to be Fairly Valued.

Key valuation signals for AWTRF:

  • EBIT: $419 Mil
  • GF Value™: $13.19 vs. price of $13.91 (5.5% above fair value)
  • GF Score™: 72/100 with 11 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

Other Exchanges 4088:Japan0AW:Germany
Address 2-12-8 Minamisenba, Chuo-ku, Osaka, JPN, 542-0081
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.
72GF Score

Get the complete analysis for AWTRF

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

$13.91
Price
$13.19
GF Value