Master Style PCL (BKK:MASTER) EBIT: ฿280 Mil (TTM As of Mar. 2026)

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BKK:MASTER Master Style PCL BKK:MASTER
56 GF Score
Price ฿9.45
GF Value ฿41.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Master Style PCL EBIT?

Master Style PCL BKK:MASTER +3.85% 56 EBIT is ฿280 Mil as of Mar. 2026. GuruFocus rates BKK:MASTER with a GF Score™ of 56/100 and a GF Value™ of ฿41.52 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Master Style PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿280 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Master Style PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 4.71%. Master Style PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Master Style PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.45%.

Master Style PCL  (BKK:MASTER) EBIT Explanation

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

Master Style 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 )
=236.26 * ( 1 - 15.14% )/( (4217.478 + 4298.525)/ 2 )
=200.490236/4258.0015
=4.71 %

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))
=4286.13 - 116.89 - ( 120.493 - max(0, 415.581 - 367.343+120.493))
=4217.478

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))
=4326.518 - 120.189 - ( 103.287 - max(0, 423.95 - 331.754+103.287))
=4298.525

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

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

Master Style 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 )
=312.52/( ( (1590.183 + max(-55.802, 0)) + (1668.941 + max(-82.261, 0)) )/ 2 )
=312.52/( ( 1590.183 + 1668.941 )/ 2 )
=312.52/1629.562
=19.18 %

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)
=(19.065 + 133.18 + 24.605) - (116.89 + 101.97 + 13.792)
=-55.802

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.762 + 111.655 + 31.05) - (120.189 + 106.661 + 13.878)
=-82.261

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=279.793/3312.023
=8.45 %

* 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.

Master Style PCL EBIT Related Terms

Master Style PCL EBIT Historical Data

* Premium members only.

The historical data trend for Master Style 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.

Master Style PCL EBIT Chart

Master Style PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 167.66 211.39 534.91 641.56 277.37

Master Style PCL Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Sep22 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 75.71 73.84 60.20 67.62 78.13

BKK:MASTER vs HCA, THC, DVA: EBIT Comparison

For the Medical Care Facilities subindustry, Master Style 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.

Master Style PCL EV-to-EBIT vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Master Style PCL's EV-to-EBIT distribution charts can be found below:

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


BKK:MASTER
56GF Score
Master Style PCL BKK:MASTER
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Master Style 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 ฿280 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 ฿280 Mil mean?
Master Style PCL (BKK:MASTER) has a EBIT of ฿280 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Master Style PCL.
Is Master Style PCL's EBIT too high?
Master Style PCL's current EBIT is ฿280 Mil. Overall, Master Style PCL has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Master Style PCL's EBIT compare to HCA and THC?
Master Style PCL's EBIT of ฿280 Mil can be compared against companies in the Healthcare Providers & 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 Healthcare Providers & Services company?
A good EBIT depends on the Healthcare Providers & 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 Master Style PCL. Master Style PCL's current EBIT is ฿280 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master Style PCL stock overvalued right now?
Based on GuruFocus' analysis, Master Style PCL (BKK:MASTER) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿41.52, compared to a current price of ฿9.45 — trading 77.2% below its estimated fair value. The current EBIT is ฿280 Mil. Master Style PCL's overall GF Score™ is 56/100 with 4 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 Master Style PCL (BKK:MASTER), the current EBIT is ฿280 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 Master Style PCL (BKK:MASTER) Overvalued in 2026?

Based on GuruFocus' analysis, Master Style PCL stock appears to be undervalued. The current stock price of ฿9.45 is trading 77.2% below its estimated GF Value™ of ฿41.52. GuruFocus considers Master Style PCL to be Significantly Undervalued.

Key valuation signals for BKK:MASTER:

  • EBIT: ฿280 Mil
  • GF Value™: ฿41.52 vs. price of ฿9.45 (77.2% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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

Master Style PCL Business Description

Address 99/19 Sukhothai Road, Dusit Subdistrict, Dusit District, Bangkok, THA, 10300
Master Style PCL is principally engaged in a cosmetic surgery hospital under the name of Masterpiece Hospital. It is a skincare and cosmetic surgery clinic. The company's services include: eye surgery, Nose surgery, Facial surgery, Hair transplant Liposuction and others. The company has two principal segments; Hospital business, which generates the majority of the revenue, and the trading of cosmetic products.
56GF Score

Get the complete analysis for BKK:MASTER

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

฿9.45
Price
฿41.52
GF Value