TOA Paint (Thailand) PCL (BKK:TOA) EBIT: ฿3,972 Mil (TTM As of Mar. 2026)


BKK:TOA TOA Paint (Thailand) PCL BKK:TOA
95 GF Score
Price ฿14.80
GF Value ฿17.13
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is TOA Paint (Thailand) PCL EBIT?

TOA Paint (Thailand) PCL BKK:TOA +1.37% 95 EBIT is ฿3,972 Mil as of Mar. 2026. GuruFocus rates BKK:TOA with a GF Score™ of 95/100 and a GF Value™ of ฿17.13 (Modestly Undervalued). The stock has 1 warning sign investors should review.

TOA Paint (Thailand) PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿1,226 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿3,972 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TOA Paint (Thailand) PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 42.97%. TOA Paint (Thailand) PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 70.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TOA Paint (Thailand) PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.07%.


TOA Paint (Thailand) PCL  (BKK:TOA) EBIT Explanation

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

TOA Paint (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 )
=4516.664 * ( 1 - 20.27% )/( (8397.866 + 8364.587)/ 2 )
=3601.1362072/8381.2265
=42.97 %

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))
=21524.24 - 4493.997 - ( 8632.377 - max(0, 5000.33 - 15147.282+8632.377))
=8397.866

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))
=22863.184 - 4798.741 - ( 9699.856 - max(0, 5319.584 - 16471.936+9699.856))
=8364.587

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

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

TOA Paint (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 )
=4904.592/( ( (5250.436 + max(1764.771, 0)) + (5293.762 + max(1695.081, 0)) )/ 2 )
=4904.592/( ( 7015.207 + 6988.843 )/ 2 )
=4904.592/7002.025
=70.05 %

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)
=(3046.651 + 2901.283 + 418.617) - (4493.997 + 0 + 107.783)
=1764.771

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3216.21 + 2942.513 + 460.431) - (4798.741 + 0 + 125.332)
=1695.081

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3971.916/20828.608
=19.07 %

* 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.


TOA Paint (Thailand) PCL EBIT Related Terms


TOA Paint (Thailand) PCL EBIT Historical Data

* Premium members only.

The historical data trend for TOA Paint (Thailand) 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.

TOA Paint (Thailand) PCL EBIT Chart

TOA Paint (Thailand) 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 2,489.12 1,923.96 3,372.33 2,674.06 3,686.99

TOA Paint (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 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 941.23 845.69 862.56 1,037.52 1,226.15

BKK:TOA vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, TOA Paint (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.


TOA Paint (Thailand) PCL EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, TOA Paint (Thailand) PCL's EV-to-EBIT distribution charts can be found below:

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


BKK:TOA
95GF Score
TOA Paint (Thailand) PCL BKK:TOA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOA Paint (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 ฿3,972 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 ฿3,972 Mil mean?
TOA Paint (Thailand) PCL (BKK:TOA) has a EBIT of ฿3,972 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TOA Paint (Thailand) PCL.
Is TOA Paint (Thailand) PCL's EBIT too high?
TOA Paint (Thailand) PCL's current EBIT is ฿3,972 Mil. Overall, TOA Paint (Thailand) PCL has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOA Paint (Thailand) PCL's EBIT compare to LIN and SHW?
TOA Paint (Thailand) PCL's EBIT of ฿3,972 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 TOA Paint (Thailand) PCL. TOA Paint (Thailand) PCL's current EBIT is ฿3,972 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOA Paint (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, TOA Paint (Thailand) PCL (BKK:TOA) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿17.13, compared to a current price of ฿14.80 — trading 13.6% below its estimated fair value. The current EBIT is ฿3,972 Mil. TOA Paint (Thailand) PCL's overall GF Score™ is 95/100 with 1 warning sign 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 TOA Paint (Thailand) PCL (BKK:TOA), the current EBIT is ฿3,972 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 TOA Paint (Thailand) PCL (BKK:TOA) Overvalued in 2026?

Based on GuruFocus' analysis, TOA Paint (Thailand) PCL stock appears to be undervalued. The current stock price of ฿14.80 is trading 13.6% below its estimated GF Value™ of ฿17.13. GuruFocus considers TOA Paint (Thailand) PCL to be Modestly Undervalued.

Key valuation signals for BKK:TOA:

  • EBIT: ฿3,972 Mil
  • GF Value™: ฿17.13 vs. price of ฿14.80 (13.6% below fair value)
  • GF Score™: 95/100 with 1 warning sign

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


TOA Paint (Thailand) PCL Business Description

Address Bangna-Trad Road, 31/2 Moo 3, Tumbol Bangsaotong, Amphur Bangsaotong, Samutprakarn, THA, 10570
TOA Paint (Thailand) PCL is principally engaged in the manufacture and distribution of paints and chemicals. Its product types are decorative coatings, wood coatings, construction chemicals, heavy-duty coatings, special paint, and hardware and power tools. The company generates a majority of its revenue from Thailand.
95GF Score

Get the complete analysis for BKK:TOA

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

฿14.80
Price
฿17.13
GF Value