Gulf Development PCL (BKK:GULF) EBIT: ฿109,503 Mil (TTM As of Mar. 2026)

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BKK:GULF Gulf Development PCL BKK:GULF
16 GF Score
Price ฿65.25
! 12 Warning Signs
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What is Gulf Development PCL EBIT?

Gulf Development PCL BKK:GULF -1.14% 16 EBIT is ฿109,503 Mil as of Mar. 2026. GuruFocus rates BKK:GULF with a GF Score™ of 16/100. The stock has 12 warning signs investors should review.

Gulf Development PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿14,210 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿109,503 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gulf Development PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 3.87%. Gulf Development PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gulf Development PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.07%.


Gulf Development PCL  (BKK:GULF) EBIT Explanation

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

Gulf Development 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 )
=30939.34 * ( 1 - 4.75% )/( (740864.829 + 780243.285)/ 2 )
=29469.72135/760554.057
=3.87 %

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))
=773810.041 - 30055.086 - ( 46135.87 - max(0, 95873.574 - 98763.7+46135.87))
=740864.829

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))
=820652.443 - 28536.086 - ( 52806.729 - max(0, 98224.948 - 110098.02+52806.729))
=780243.285

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

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

Gulf Development 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 )
=56838.74/( ( (111529.325 + max(9442.98, 0)) + (118499.611 + max(14741.752, 0)) )/ 2 )
=56838.74/( ( 120972.305 + 133241.363 )/ 2 )
=56838.74/127106.834
=44.72 %

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)
=(29375.163 + 3767.598 + 6415.859) - (30055.086 + 0 + 60.554000000004)
=9442.98

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30937.369 + 4935.8 + 7449.711) - (28536.086 + 0 + 45.042000000001)
=14741.752

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:

Gulf Development PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=109503.277/1356902.115
=8.07 %

* 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.


Gulf Development PCL EBIT Related Terms


Gulf Development PCL EBIT Historical Data

* Premium members only.

The historical data trend for Gulf Development 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.

Gulf Development PCL EBIT Chart

Gulf Development 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 14,513.96 22,974.94 30,174.25 34,778.80 0.00

Gulf Development 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 10,213.36 69,278.89 12,417.23 13,597.47 14,209.69

BKK:GULF vs CEG, VST, NRG: EBIT Comparison

For the Utilities - Independent Power Producers subindustry, Gulf Development 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.


Gulf Development PCL EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gulf Development PCL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gulf Development PCL's EV-to-EBIT falls into.


BKK:GULF
16GF Score
Gulf Development PCL BKK:GULF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Gulf Development 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 ฿109,503 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 ฿109,503 Mil mean?
Gulf Development PCL (BKK:GULF) has a EBIT of ฿109,503 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gulf Development PCL.
Is Gulf Development PCL's EBIT too high?
Gulf Development PCL's current EBIT is ฿109,503 Mil. Overall, Gulf Development PCL has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Development PCL's EBIT compare to CEG and VST?
Gulf Development PCL's EBIT of ฿109,503 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers 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 Gulf Development PCL. Gulf Development PCL's current EBIT is ฿109,503 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Development PCL stock overvalued right now?
Gulf Development PCL (BKK:GULF) has a current EBIT of ฿109,503 Mil. The current EBIT is ฿109,503 Mil. Gulf Development PCL's overall GF Score™ is 16/100 with 12 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 Gulf Development PCL (BKK:GULF), the current EBIT is ฿109,503 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.

Gulf Development PCL Business Description

Other Exchanges GULF-F:Thailand
Address Wireless Road, 87 M. Thai Tower 11th Floor, All Seasons Place, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
16GF Score

Get the complete analysis for BKK:GULF

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

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