Eastern Star Real Estate PCL (BKK:ESTAR) EBIT: ฿235 Mil (TTM As of Mar. 2026)


BKK:ESTAR Eastern Star Real Estate PCL BKK:ESTAR
47 GF Score
Price ฿0.20
GF Value ฿0.35
Valuation Possible Value Trap
! 8 Warning Signs
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What is Eastern Star Real Estate PCL EBIT?

Eastern Star Real Estate PCL BKK:ESTAR -4.76% 47 EBIT is ฿235 Mil as of Mar. 2026. GuruFocus rates BKK:ESTAR with a GF Score™ of 47/100 and a GF Value™ of ฿0.35 (Possible Value Trap). The stock has 8 warning signs investors should review.

Eastern Star Real Estate PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿235 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eastern Star Real Estate PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 2.14%. Eastern Star Real Estate PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eastern Star Real Estate PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.16%.


Eastern Star Real Estate PCL  (BKK:ESTAR) EBIT Explanation

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

Eastern Star Real Estate PCL'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=168.364 * ( 1 - 14.66% )/( (6676.473 + 6757.244)/ 2 )
=143.6818376/6716.8585
=2.14 %

where

Invested Capital(Q: Dec. 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))
=7317.053 - 389.929 - ( 250.651 - max(0, 1404.684 - 4256.439+250.651))
=6676.473

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))
=7328.502 - 318.03 - ( 253.228 - max(0, 1484.95 - 4276.743+253.228))
=6757.244

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Eastern Star Real Estate PCL'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=199.332/( ( (399.442 + max(3525.102, 0)) + (397.207 + max(3590.239, 0)) )/ 2 )
=199.332/( ( 3924.544 + 3987.446 )/ 2 )
=199.332/3955.995
=5.04 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.572 + 3959.801 + 40.496) - (389.929 + 47.637 + 40.201)
=3525.102

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.766 + 3976.224 + 42.576) - (318.03 + 35.652 + 76.645)
=3590.239

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Eastern Star Real Estate PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=235.12/2565.961
=9.16 %

* 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.


Eastern Star Real Estate PCL EBIT Related Terms


Eastern Star Real Estate PCL EBIT Historical Data

* Premium members only.

The historical data trend for Eastern Star Real Estate PCL'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.

Eastern Star Real Estate PCL EBIT Chart

Eastern Star Real Estate PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.01 86.80 42.93 77.72 180.48

Eastern Star Real Estate PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 -4.81 19.03 -17.60 183.86 49.83

Eastern Star Real Estate PCL EBIT Competitor Comparison

For the Real Estate - Development subindustry, Eastern Star Real Estate PCL'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.


Eastern Star Real Estate PCL EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Eastern Star Real Estate PCL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Eastern Star Real Estate PCL's EV-to-EBIT falls into.


BKK:ESTAR
47GF Score
Eastern Star Real Estate PCL BKK:ESTAR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Eastern Star Real Estate PCL 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 quarterly data reported by the company within the most recent 12 months, which was ฿235 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 ฿235 Mil mean?
Eastern Star Real Estate PCL (BKK:ESTAR) has a EBIT of ฿235 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Eastern Star Real Estate PCL.
Is Eastern Star Real Estate PCL's EBIT too high?
Eastern Star Real Estate PCL's current EBIT is ฿235 Mil. Overall, Eastern Star Real Estate PCL has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eastern Star Real Estate PCL's EBIT compare to competitors?
Eastern Star Real Estate PCL's EBIT of ฿235 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 Eastern Star Real Estate PCL. Eastern Star Real Estate PCL's current EBIT is ฿235 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastern Star Real Estate PCL stock overvalued right now?
Based on GuruFocus' analysis, Eastern Star Real Estate PCL (BKK:ESTAR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.35, compared to a current price of ฿0.20 — trading 42.9% below its estimated fair value. The current EBIT is ฿235 Mil. Eastern Star Real Estate PCL's overall GF Score™ is 47/100 with 8 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 Eastern Star Real Estate PCL (BKK:ESTAR), the current EBIT is ฿235 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 Eastern Star Real Estate PCL (BKK:ESTAR) Overvalued in 2026?

Based on GuruFocus' analysis, Eastern Star Real Estate PCL stock appears to be undervalued. The current stock price of ฿0.20 is trading 42.9% below its estimated GF Value™ of ฿0.35. GuruFocus considers Eastern Star Real Estate PCL to be Possible Value Trap.

Key valuation signals for BKK:ESTAR:

  • EBIT: ฿235 Mil
  • GF Value™: ฿0.35 vs. price of ฿0.20 (42.9% below fair value)
  • GF Score™: 47/100 with 8 warning signs

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


Eastern Star Real Estate PCL Business Description

Address Ploenchit Road, 5th Floor, No.898 Ploenchit Tower Building, Lumpini, Pathumwan, Bangkok, THA, 10330
Eastern Star Real Estate PCL is a company engaged in the real estate development business. It undertakes housing and condominium projects. The group operates in four business segments, namely, the Real estate business, Golf course business, Rental business, and property rental business segment, of which a majority of the revenue is derived from the Real estate business. The company and its subsidiaries operate only in Thailand.
47GF Score

Get the complete analysis for BKK:ESTAR

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

฿0.20
Price
฿0.35
GF Value