TBN PCL (BKK:TBN) EBIT: ฿9.3 Mil (TTM As of Mar. 2026)

What is TBN PCL EBIT?

TBN PCL BKK:TBN -0.56% 62 EBIT is ฿9.3 Mil as of Mar. 2026. GuruFocus rates BKK:TBN with a GF Score™ of 62/100 and a GF Value™ of ฿6.36 (Significantly Undervalued). The stock has 6 warning signs investors should review.

TBN PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿-5.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿9.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TBN PCL's annualized ROC % for the quarter that ended in Mar. 2026 was -19.38%. TBN PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -71.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TBN PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -10.44%.

TBN PCL (BKK:TBN) EBIT Explanation

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

TBN 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 )
=	-30.016 * ( 1 - 0% )	/	( (163.624	+	146.189)	/ 2 )
=	-30.016	/	154.9065
=	-19.38 %

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	))
=	707.296	-	85.508	-	( 458.164	-	max(0, 158.84	-	640.806	+	458.164	))
=	163.624

	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	))
=	697.731	-	81.907	-	( 469.635	-	max(0, 156.745	-	630.47	+	469.635	))
=	146.189

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

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

TBN 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 )
=	-21.272	/	( ( (30.579 + max(-68.773, 0))	+	(29.143 + max(-90.095, 0)) )	/	2 )
=	-21.272	/	( ( 30.579	+	29.143 )	/	2 )
=	-21.272	/	29.861
=	-71.24 %

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)
=	(48.358	+	0	+	33.1)	-	(85.508	+	54.75	+	9.973)
=	-68.773

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(27.925	+	0	+	29.981)	-	(81.907	+	59.279	+	6.815)
=	-90.095

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	9.344	/	-89.497
	=	-10.44 %

* 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.

TBN PCL EBIT Related Terms

TBN PCL EBIT Historical Data

* Premium members only.

The historical data trend for TBN PCL's EBIT can be seen below:

TBN PCL EBIT Chart

TBN PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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104.38

46.49

94.20

28.12

26.41

TBN PCL Quarterly Data
	Dec19	Dec20	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															11.75	1.79	6.25	6.63	-5.32

BKK:TBN vs CRM, SHOP, UBER: EBIT Comparison

For the Software - Application subindustry, TBN 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.

TBN PCL EV-to-EBIT vs Software Industry

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

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

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62GF Score

TBN Corp PCL BKK:TBN

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

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TBN 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 ฿9.3 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ฿9.3 Mil mean?

TBN PCL (BKK:TBN) has a EBIT of ฿9.3 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TBN PCL.

Is TBN PCL's EBIT too high?

TBN PCL's current EBIT is ฿9.3 Mil. Overall, TBN PCL has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does TBN PCL's EBIT compare to CRM and SHOP?

TBN PCL's EBIT of ฿9.3 Mil can be compared against companies in the Software 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 Software company?

A good EBIT depends on the Software 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 TBN PCL. TBN PCL's current EBIT is ฿9.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TBN PCL stock overvalued right now?

Based on GuruFocus' analysis, TBN PCL (BKK:TBN) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.36, compared to a current price of ฿3.58 — trading 43.7% below its estimated fair value. The current EBIT is ฿9.3 Mil. TBN PCL's overall GF Score™ is 62/100 with 6 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 TBN PCL (BKK:TBN), the current EBIT is ฿9.3 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 TBN PCL (BKK:TBN) Overvalued in 2026?

Based on GuruFocus' analysis, TBN PCL stock appears to be undervalued. The current stock price of ฿3.58 is trading 43.7% below its estimated GF Value™ of ฿6.36. GuruFocus considers TBN PCL to be Significantly Undervalued.

Key valuation signals for BKK:TBN:

EBIT: ฿9.3 Mil
GF Value™: ฿6.36 vs. price of ฿3.58 (43.7% below fair value)
GF Score™: 62/100 with 6 warning signs

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

TBN PCL Business Description

Industry Technology Software

Comparable Companies BKK:BVG BKK:APP XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW DDOG MSTR ADSK TSX:CSU WDAY PAYX ROP ZM

Address Sukhumvit 21 (Asoke) Road, Floor. 15, Room No. 1501-1502, 54 Bangkok Business Building, Klong Toey Nua, Wattana, Bangkok, THA, 10110

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

TBN Corp PCL is Thailand's first low-code solutions provider. The company is engaged in the business of sales and development of software, including consultation on software development. The Company's segments include Digital solutions and technical consultancy services and technical maintenance, licensing, and cloud services, and Other. It offers a range of digital system design and development services, is a digital transformation consultant and solutions developer based on customer needs.

62GF Score

Get the complete analysis for BKK:TBN

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

฿3.58

Price

฿6.36

GF Value

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