Tong Hua Holdings PCL (BKK:TH) EBIT: ฿29.0 Mil (TTM As of Mar. 2026)


BKK:TH Tong Hua Holdings PCL BKK:TH
63 GF Score
Price ฿0.47
GF Value ฿0.63
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Tong Hua Holdings PCL EBIT?

Tong Hua Holdings PCL BKK:TH +2.17% 63 EBIT is ฿29.0 Mil as of Mar. 2026. GuruFocus rates BKK:TH with a GF Score™ of 63/100 and a GF Value™ of ฿0.63 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Tong Hua Holdings PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿31.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿29.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tong Hua Holdings PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 8.50%. Tong Hua Holdings PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 589.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tong Hua Holdings PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -31.80%.


Tong Hua Holdings PCL  (BKK:TH) EBIT Explanation

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

Tong Hua Holdings 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 )
=124.06 * ( 1 - 18.98% )/( (1203.332 + 1162.572)/ 2 )
=100.513412/1182.952
=8.50 %

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))
=1738.03 - 29.128 - ( 505.57 - max(0, 34.906 - 780.292+505.57))
=1203.332

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

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

Tong Hua Holdings 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 )
=126.9/( ( (22.382 + max(-15.689, 0)) + (20.689 + max(-22.893, 0)) )/ 2 )
=126.9/( ( 22.382 + 20.689 )/ 2 )
=126.9/21.5355
=589.26 %

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)
=(9.396 + 1.304 + 5.8480000000001) - (29.128 + 0.406 + 2.703)
=-15.689

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.142 + 1.064 + 6.438) - (34.725 + 0.418 + 2.394)
=-22.893

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=29.006/-91.224
=-31.80 %

* 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.


Tong Hua Holdings PCL EBIT Related Terms


Tong Hua Holdings PCL EBIT Historical Data

* Premium members only.

The historical data trend for Tong Hua Holdings 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.

Tong Hua Holdings PCL EBIT Chart

Tong Hua Holdings 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 109.01 214.46 76.52 178.14 71.13

Tong Hua Holdings 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 73.85 -64.87 37.26 24.90 31.73

BKK:TH vs VOYA, FRHC: EBIT Comparison

For the Financial Conglomerates subindustry, Tong Hua Holdings 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.


Tong Hua Holdings PCL EV-to-EBIT vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Tong Hua Holdings PCL's EV-to-EBIT distribution charts can be found below:

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


BKK:TH
63GF Score
Tong Hua Holdings PCL BKK:TH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tong Hua Holdings 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 ฿29.0 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 ฿29.0 Mil mean?
Tong Hua Holdings PCL (BKK:TH) has a EBIT of ฿29.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tong Hua Holdings PCL.
Is Tong Hua Holdings PCL's EBIT too high?
Tong Hua Holdings PCL's current EBIT is ฿29.0 Mil. Overall, Tong Hua Holdings PCL has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tong Hua Holdings PCL's EBIT compare to VOYA and FRHC?
Tong Hua Holdings PCL's EBIT of ฿29.0 Mil can be compared against companies in the Diversified Financial 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 Diversified Financial Services company?
A good EBIT depends on the Diversified Financial 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 Tong Hua Holdings PCL. Tong Hua Holdings PCL's current EBIT is ฿29.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Hua Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Tong Hua Holdings PCL (BKK:TH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.47 — trading 25.4% below its estimated fair value. The current EBIT is ฿29.0 Mil. Tong Hua Holdings PCL's overall GF Score™ is 63/100 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 Tong Hua Holdings PCL (BKK:TH), the current EBIT is ฿29.0 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 Tong Hua Holdings PCL (BKK:TH) Overvalued in 2026?

Based on GuruFocus' analysis, Tong Hua Holdings PCL stock appears to be undervalued. The current stock price of ฿0.47 is trading 25.4% below its estimated GF Value™ of ฿0.63. GuruFocus considers Tong Hua Holdings PCL to be Modestly Undervalued.

Key valuation signals for BKK:TH:

  • EBIT: ฿29.0 Mil
  • GF Value™: ฿0.63 vs. price of ฿0.47 (25.4% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


Tong Hua Holdings PCL Business Description

Address 877-881 Charoenkrung Road, Talad Noi, Sumpantavong, Bangkok, THA, 10100
Tong Hua Holdings PCL operates as an investment company. The company's business segments are divided into five segments: i) Producing and distributing newspaper, publishing and providing printing services, ii) Space rental for trading and service business, iii) Investment business, iv) Providing short - term funds in the form of factoring, loans, and v) Asset Management Business. Geographically, it operates mainly in Thailand.
63GF Score

Get the complete analysis for BKK:TH

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

฿0.47
Price
฿0.63
GF Value