Harn Engineering Solutions PCL (BKK:HARN) EBIT: ฿128 Mil (TTM As of Mar. 2026)

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BKK:HARN Harn Engineering Solutions PCL BKK:HARN
78 GF Score
Price ฿2.08
GF Value ฿2.07
Valuation Fairly Valued
! 3 Warning Signs
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What is Harn Engineering Solutions PCL EBIT?

Harn Engineering Solutions PCL BKK:HARN +0.97% 78 EBIT is ฿128 Mil as of Mar. 2026. GuruFocus rates BKK:HARN with a GF Score™ of 78/100 and a GF Value™ of ฿2.07 (Fairly Valued). The stock has 3 warning signs investors should review.

Harn Engineering Solutions PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿128 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harn Engineering Solutions PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 12.68%. Harn Engineering Solutions PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 39.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harn Engineering Solutions PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.67%.


Harn Engineering Solutions PCL  (BKK:HARN) EBIT Explanation

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

Harn Engineering Solutions 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 )
=168.48 * ( 1 - 20.72% )/( (1065.657 + 1040.896)/ 2 )
=133.570944/1053.2765
=12.68 %

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))
=1799.809 - 197.224 - ( 536.928 - max(0, 251.082 - 1079.903+536.928))
=1065.657

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))
=1826.425 - 243.547 - ( 541.982 - max(0, 257.36 - 1110.155+541.982))
=1040.896

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

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

Harn Engineering Solutions 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 )
=168.48/( ( (174.457 + max(244.932, 0)) + (171.798 + max(253.74, 0)) )/ 2 )
=168.48/( ( 419.389 + 425.538 )/ 2 )
=168.48/422.4635
=39.88 %

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)
=(176.002 + 302.998 + 6.875) - (197.224 + 38.673 + 5.046)
=244.932

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(211.823 + 277.931 + 10.61) - (243.547 + 0 + 3.077)
=253.74

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:

Harn Engineering Solutions PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=128.381/769.979
=16.67 %

* 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.


Harn Engineering Solutions PCL EBIT Related Terms


Harn Engineering Solutions PCL EBIT Historical Data

* Premium members only.

The historical data trend for Harn Engineering Solutions 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.

Harn Engineering Solutions PCL EBIT Chart

Harn Engineering Solutions 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 92.36 114.05 144.94 114.13 106.69

Harn Engineering Solutions 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 20.43 28.62 28.94 28.70 42.12

BKK:HARN vs ALLE, MSA, ADT: EBIT Comparison

For the Security & Protection Services subindustry, Harn Engineering Solutions 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.


Harn Engineering Solutions PCL EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Harn Engineering Solutions PCL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harn Engineering Solutions PCL's EV-to-EBIT falls into.


BKK:HARN
78GF Score
Harn Engineering Solutions PCL BKK:HARN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Harn Engineering Solutions 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 ฿128 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 ฿128 Mil mean?
Harn Engineering Solutions PCL (BKK:HARN) has a EBIT of ฿128 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harn Engineering Solutions PCL.
Is Harn Engineering Solutions PCL's EBIT too high?
Harn Engineering Solutions PCL's current EBIT is ฿128 Mil. Overall, Harn Engineering Solutions PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harn Engineering Solutions PCL's EBIT compare to ALLE and MSA?
Harn Engineering Solutions PCL's EBIT of ฿128 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 Harn Engineering Solutions PCL. Harn Engineering Solutions PCL's current EBIT is ฿128 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harn Engineering Solutions PCL stock overvalued right now?
Based on GuruFocus' analysis, Harn Engineering Solutions PCL (BKK:HARN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.07, compared to a current price of ฿2.08 — trading 0.5% above its estimated fair value. The current EBIT is ฿128 Mil. Harn Engineering Solutions PCL's overall GF Score™ is 78/100 with 3 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 Harn Engineering Solutions PCL (BKK:HARN), the current EBIT is ฿128 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 Harn Engineering Solutions PCL (BKK:HARN) Overvalued in 2026?

Based on GuruFocus' analysis, Harn Engineering Solutions PCL stock appears to be overvalued. The current stock price of ฿2.08 is trading 0.5% above its estimated GF Value™ of ฿2.07. GuruFocus considers Harn Engineering Solutions PCL to be Fairly Valued.

Key valuation signals for BKK:HARN:

  • EBIT: ฿128 Mil
  • GF Value™: ฿2.07 vs. price of ฿2.08 (0.5% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Harn Engineering Solutions PCL Business Description

Address 559 Soi Soonvijai 4, Rama 9 Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
Harn Engineering Solutions PCL is engaged in wholesaling, retailing, repairing, renting, leasing, contracting, and installing fire protection systems and fire suppression agents, as well as trading cold storage devices and printing equipment. The company operates in six segments, namely Fire Protection Products and Project segment, which contributes the majority of revenue, Sanitary and Air-Conditioning System, Refrigeration System, Digital Printing System, Building IoT Solutions, and Products of Medical 3D Printing Systems.
78GF Score

Get the complete analysis for BKK:HARN

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

฿2.08
Price
฿2.07
GF Value