Maybank Securities (Thailand) PCL (BKK:MST-R) EBIT: ฿640 Mil (TTM As of Mar. 2026)

What is Maybank Securities (Thailand) PCL EBIT?

Maybank Securities (Thailand) PCL BKK:MST-R 59 EBIT is ฿640 Mil as of Mar. 2026. GuruFocus rates BKK:MST-R with a GF Score™ of 59/100 and a GF Value™ of ฿6.44. The stock has 7 warning signs investors should review.

Maybank Securities (Thailand) PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿305 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿640 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maybank Securities (Thailand) PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 4.79%. Maybank Securities (Thailand) PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maybank Securities (Thailand) PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.54%.

Maybank Securities (Thailand) PCL (BKK:MST-R) EBIT Explanation

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

Maybank Securities (Thailand) 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 )
=	716.908 * ( 1 - 19.61% )	/	( (11741.765	+	12333.414)	/ 2 )
=	576.3223412	/	12037.5895
=	4.79 %

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	))
=	14803.555	-	2685.359	-	( 376.431	-	max(0, 8481.854	-	13569.034	+	376.431	))
=	11741.765

	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	))
=	18874.313	-	5658.69	-	( 882.209	-	max(0, 11062.013	-	16618.422	+	882.209	))
=	12333.414

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

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

Maybank Securities (Thailand) 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 )
=	1221.98	/	( ( (118.089 + max(10298.998, 0))	+	(230.434 + max(10006.608, 0)) )	/	2 )
=	1221.98	/	( ( 10417.087	+	10237.042 )	/	2 )
=	1221.98	/	10327.0645
=	11.83 %

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)
=	(12980.823	+	0	+	3.5339999999997)	-	(2685.359	+	0	+	0)
=	10298.998

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15661.764	+	0	+	3.5339999999997)	-	(5658.69	+	0	+	1.8189894035459E-12)
=	10006.608

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:

Maybank Securities (Thailand) PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	639.521	/	9772.123
	=	6.54 %

* 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.

Maybank Securities (Thailand) PCL EBIT Related Terms

Maybank Securities (Thailand) PCL EBIT Historical Data

* Premium members only.

The historical data trend for Maybank Securities (Thailand) PCL's EBIT can be seen below:

Maybank Securities (Thailand) PCL EBIT Chart

Maybank Securities (Thailand) PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

1,203.03

1,050.64

933.21

1,042.95

624.24

Maybank Securities (Thailand) 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															290.22	101.37	139.03	93.63	305.50

BKK:MST-R vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Maybank Securities (Thailand) 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.

Maybank Securities (Thailand) PCL EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Maybank Securities (Thailand) PCL's EV-to-EBIT falls into.

Save Embed

59GF Score

Maybank Securities (Thailand) PCL BKK:MST-R

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Maybank Securities (Thailand) 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 ฿640 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ฿640 Mil mean?

Maybank Securities (Thailand) PCL (BKK:MST-R) has a EBIT of ฿640 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Maybank Securities (Thailand) PCL.

Is Maybank Securities (Thailand) PCL's EBIT too high?

Maybank Securities (Thailand) PCL's current EBIT is ฿640 Mil. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.

How does Maybank Securities (Thailand) PCL's EBIT compare to MS and GS?

Maybank Securities (Thailand) PCL's EBIT of ฿640 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?

A good EBIT depends on the Capital Markets 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 Maybank Securities (Thailand) PCL. Maybank Securities (Thailand) PCL's current EBIT is ฿640 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Maybank Securities (Thailand) PCL stock overvalued right now?

Maybank Securities (Thailand) PCL (BKK:MST-R) has a current EBIT of ฿640 Mil. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current EBIT is ฿640 Mil. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 with 7 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current EBIT is ฿640 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?

Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued. The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.

Key valuation signals for BKK:MST-R:

EBIT: ฿640 Mil
GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
GF Score™: 59/100 with 7 warning signs

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

Maybank Securities (Thailand) PCL Business Description

Industry Financial Services Capital Markets

Comparable Companies BKK:ASP BKK:BYD BKK:CGH BKK:AIRA BKK:FSX BKK:GBX BKK:TNITY BKK:KGI MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 IBKR SHSE:601211 CRCL TSE:8604

Other Exchanges MST:Thailand

Address Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan, Bangkok, THA, 10330

Website https://www.maybank.co.th

Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.

59GF Score

Get the complete analysis for BKK:MST-R

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

฿6.85

Price

฿6.44

GF Value

View BKK:MST-R Analysis

See EBIT data for all stocks →