Major Development PCL (BKK:MJD) EBIT: ฿-1,066 Mil (TTM As of Mar. 2026)

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BKK:MJD Major Development PCL BKK:MJD
39 GF Score
Price ฿0.32
GF Value ฿1.03
Valuation Possible Value Trap
! 3 Warning Signs
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What is Major Development PCL EBIT?

Major Development PCL BKK:MJD 39 EBIT is ฿-1,066 Mil as of Mar. 2026. GuruFocus rates BKK:MJD with a GF Score™ of 39/100 and a GF Value™ of ฿1.03 (Possible Value Trap). The stock has 3 warning signs investors should review.

Major Development PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿145 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿-1,066 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Major Development PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 3.86%. Major Development PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Major Development PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -10.05%.


Major Development PCL  (BKK:MJD) EBIT Explanation

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

Major 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 )
=566.58 * ( 1 - 0% )/( (15682.38 + 13678.538)/ 2 )
=566.58/14680.459
=3.86 %

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))
=14941.735 - 553.355 - ( 108.918 - max(0, 10767.235 - 9473.235+108.918))
=15682.38

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))
=14624.563 - 551.508 - ( 394.517 - max(0, 4494.309 - 10693.595+394.517))
=13678.538

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

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

Major 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 )
=579.724/( ( (1109.768 + max(8386.128, 0)) + (990.763 + max(9056.187, 0)) )/ 2 )
=579.724/( ( 9495.896 + 10046.95 )/ 2 )
=579.724/9771.423
=5.93 %

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)
=(45.432 + 9160.108 + 158.777) - (553.355 + 248.684 + 176.15)
=8386.128

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.13 + 8772.217 + 1437.639) - (551.508 + 472.046 + 189.245)
=9056.187

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-1066.401/10606.813
=-10.05 %

* 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.


Major Development PCL EBIT Related Terms


Major Development PCL EBIT Historical Data

* Premium members only.

The historical data trend for Major 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.

Major Development PCL EBIT Chart

Major 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 285.33 155.70 57.92 104.04 -1,187.64

Major 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 23.69 -106.58 -108.79 -995.96 144.93

Major Development PCL EBIT Competitor Comparison

For the Real Estate - Development subindustry, Major 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.


Major Development PCL EV-to-EBIT vs Real Estate Industry

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

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


BKK:MJD
39GF Score
Major Development PCL BKK:MJD
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Major 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 ฿-1,066 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 ฿-1,066 Mil mean?
Major Development PCL (BKK:MJD) has a EBIT of ฿-1,066 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Major Development PCL.
Is Major Development PCL's EBIT too high?
Major Development PCL's current EBIT is ฿-1,066 Mil. Overall, Major Development PCL has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Major Development PCL's EBIT compare to competitors?
Major Development PCL's EBIT of ฿-1,066 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 Major Development PCL. Major Development PCL's current EBIT is ฿-1,066 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Major Development PCL (BKK:MJD) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.03, compared to a current price of ฿0.32 — trading 68.9% below its estimated fair value. The current EBIT is ฿-1,066 Mil. Major Development PCL's overall GF Score™ is 39/100 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 Major Development PCL (BKK:MJD), the current EBIT is ฿-1,066 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 Major Development PCL (BKK:MJD) Overvalued in 2026?

Based on GuruFocus' analysis, Major Development PCL stock appears to be undervalued. The current stock price of ฿0.32 is trading 68.9% below its estimated GF Value™ of ฿1.03. GuruFocus considers Major Development PCL to be Possible Value Trap.

Key valuation signals for BKK:MJD:

  • EBIT: ฿-1,066 Mil
  • GF Value™: ฿1.03 vs. price of ฿0.32 (68.9% below fair value)
  • GF Score™: 39/100 with 3 warning signs

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


Major Development PCL Business Description

Address Sukhumvit Road, 141 Soi Sukhumvit 63 (Ekamai), 16th Floor, Klongton Nua, Wattana, Bangkok, THA, 10110
Major Development PCL is a Thailand-based real estate company. The operating segments of the group are the Property development business segment, the Hotel business segment, and the Rental and service business segment. It derives prime revenue from the Property development business segment, which engages in the development of land and houses and residential condominium units for sale. The group mainly operates in Thailand.
39GF Score

Get the complete analysis for BKK:MJD

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

฿0.32
Price
฿1.03
GF Value