KCE Electronics PCL (BKK:KCE) EBIT: ฿1,018 Mil (TTM As of Mar. 2026)


BKK:KCE KCE Electronics PCL BKK:KCE
74 GF Score
Price ฿39.75
GF Value ฿28.07
Valuation Significantly Overvalued
! 10 Warning Signs
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What is KCE Electronics PCL EBIT?

KCE Electronics PCL BKK:KCE +3.92% 74 EBIT is ฿1,018 Mil as of Mar. 2026. GuruFocus rates BKK:KCE with a GF Score™ of 74/100 and a GF Value™ of ฿28.07 (Significantly Overvalued). The stock has 10 warning signs investors should review.

KCE Electronics PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿290 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿1,018 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KCE Electronics PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 7.45%. KCE Electronics PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KCE Electronics PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.20%.


KCE Electronics PCL  (BKK:KCE) EBIT Explanation

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

KCE Electronics 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 )
=1152.684 * ( 1 - 13.76% )/( (13342.712 + 13342.461)/ 2 )
=994.0746816/13342.5865
=7.45 %

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))
=17929.672 - 2617.702 - ( 1969.258 - max(0, 3672.437 - 8577.065+1969.258))
=13342.712

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))
=17934.217 - 2816.777 - ( 1774.979 - max(0, 3475.902 - 8723.709+1774.979))
=13342.461

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

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

KCE Electronics 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 )
=1161.036/( ( (7311.334 + max(3990.105, 0)) + (7185.438 + max(4104.17, 0)) )/ 2 )
=1161.036/( ( 11301.439 + 11289.608 )/ 2 )
=1161.036/11295.5235
=10.28 %

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)
=(2829.084 + 3705.331 + 73.392) - (2617.702 + 0 + 0)
=3990.105

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3133.257 + 3753.541 + 61.932000000001) - (2816.777 + 0 + 27.783)
=4104.17

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1018.393/46264.881
=2.20 %

* 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.


KCE Electronics PCL EBIT Related Terms


KCE Electronics PCL EBIT Historical Data

* Premium members only.

The historical data trend for KCE Electronics 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.

KCE Electronics PCL EBIT Chart

KCE Electronics 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 2,726.25 2,562.30 1,982.76 1,849.94 1,001.18

KCE Electronics 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 273.04 219.98 341.25 166.91 290.26

BKK:KCE vs APH, GLW, TEL: EBIT Comparison

For the Electronic Components subindustry, KCE Electronics 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.


KCE Electronics PCL EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, KCE Electronics PCL's EV-to-EBIT distribution charts can be found below:

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


BKK:KCE
74GF Score
KCE Electronics PCL BKK:KCE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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KCE Electronics 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 ฿1,018 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 ฿1,018 Mil mean?
KCE Electronics PCL (BKK:KCE) has a EBIT of ฿1,018 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on KCE Electronics PCL.
Is KCE Electronics PCL's EBIT too high?
KCE Electronics PCL's current EBIT is ฿1,018 Mil. Overall, KCE Electronics PCL has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's EBIT compare to APH and GLW?
KCE Electronics PCL's EBIT of ฿1,018 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 KCE Electronics PCL. KCE Electronics PCL's current EBIT is ฿1,018 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
Based on GuruFocus' analysis, KCE Electronics PCL (BKK:KCE) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿28.07, compared to a current price of ฿39.75 — trading 41.6% above its estimated fair value. The current EBIT is ฿1,018 Mil. KCE Electronics PCL's overall GF Score™ is 74/100 with 10 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 KCE Electronics PCL (BKK:KCE), the current EBIT is ฿1,018 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 KCE Electronics PCL (BKK:KCE) Overvalued in 2026?

Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued. The current stock price of ฿39.75 is trading 41.6% above its estimated GF Value™ of ฿28.07. GuruFocus considers KCE Electronics PCL to be Significantly Overvalued.

Key valuation signals for BKK:KCE:

  • EBIT: ฿1,018 Mil
  • GF Value™: ฿28.07 vs. price of ฿39.75 (41.6% above fair value)
  • GF Score™: 74/100 with 10 warning signs

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


KCE Electronics PCL Business Description

Other Exchanges KCE-F:ThailandNVPA:Germany
Address No. 72-72/1-3 Soi Chalongkrung 31, Kwang Lumplatew, Khet Lat Krabang, Bangkok, THA, 10520
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
74GF Score

Get the complete analysis for BKK:KCE

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

฿39.75
Price
฿28.07
GF Value