Thai Solar Energy PCL (BKK:TSE) EBIT: ฿223 Mil (TTM As of Mar. 2026)


BKK:TSE Thai Solar Energy PCL BKK:TSE
41 GF Score
Price ฿0.71
GF Value ฿0.89
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Thai Solar Energy PCL EBIT?

Thai Solar Energy PCL BKK:TSE 41 EBIT is ฿223 Mil as of Mar. 2026. GuruFocus rates BKK:TSE with a GF Score™ of 41/100 and a GF Value™ of ฿0.89 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Thai Solar Energy PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿100 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿223 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Solar Energy PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 5.23%. Thai Solar Energy PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thai Solar Energy PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.57%.


Thai Solar Energy PCL  (BKK:TSE) EBIT Explanation

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

Thai Solar Energy 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 )
=381.976 * ( 1 - 10.68% )/( (7121.094 + 5914.851)/ 2 )
=341.1809632/6517.9725
=5.23 %

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))
=6816.784 - 125.98 - ( 684.493 - max(0, 1670.829 - 1240.539+684.493))
=7121.094

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))
=7048.778 - 99.36 - ( 1034.567 - max(0, 471.288 - 1524.49+1034.567))
=5914.851

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

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

Thai Solar Energy 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 )
=399.592/( ( (4072.057 + max(325.643, 0)) + (4029.063 + max(297.521, 0)) )/ 2 )
=399.592/( ( 4397.7 + 4326.584 )/ 2 )
=399.592/4362.142
=9.16 %

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)
=(196.187 + 51.408 + 246.657) - (125.98 + 3.097 + 39.532)
=325.643

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(221.387 + 61.616 + 148.024) - (99.36 + 0 + 34.146)
=297.521

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=223.025/4004.104
=5.57 %

* 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.


Thai Solar Energy PCL EBIT Related Terms


Thai Solar Energy PCL EBIT Historical Data

* Premium members only.

The historical data trend for Thai Solar Energy 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.

Thai Solar Energy PCL EBIT Chart

Thai Solar Energy 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 829.31 1,130.24 -676.85 -262.53 233.79

Thai Solar Energy 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 110.66 74.22 80.08 -31.17 99.90

Thai Solar Energy PCL EBIT Competitor Comparison

For the Utilities - Renewable subindustry, Thai Solar Energy 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.


Thai Solar Energy PCL EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's EV-to-EBIT distribution charts can be found below:

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


BKK:TSE
41GF Score
Thai Solar Energy PCL BKK:TSE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Solar Energy 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 ฿223 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 ฿223 Mil mean?
Thai Solar Energy PCL (BKK:TSE) has a EBIT of ฿223 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thai Solar Energy PCL.
Is Thai Solar Energy PCL's EBIT too high?
Thai Solar Energy PCL's current EBIT is ฿223 Mil. Overall, Thai Solar Energy PCL has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's EBIT compare to competitors?
Thai Solar Energy PCL's EBIT of ฿223 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers 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 Thai Solar Energy PCL. Thai Solar Energy PCL's current EBIT is ฿223 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Solar Energy PCL (BKK:TSE) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.89, compared to a current price of ฿0.71 — trading 20.2% below its estimated fair value. The current EBIT is ฿223 Mil. Thai Solar Energy PCL's overall GF Score™ is 41/100 with 5 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 Thai Solar Energy PCL (BKK:TSE), the current EBIT is ฿223 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 Thai Solar Energy PCL (BKK:TSE) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued. The current stock price of ฿0.71 is trading 20.2% below its estimated GF Value™ of ฿0.89. GuruFocus considers Thai Solar Energy PCL to be Modestly Undervalued.

Key valuation signals for BKK:TSE:

  • EBIT: ฿223 Mil
  • GF Value™: ฿0.89 vs. price of ฿0.71 (20.2% below fair value)
  • GF Score™: 41/100 with 5 warning signs

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


Thai Solar Energy PCL Business Description

Address Sukhumvit Road, 19th Floor, 725 S-Metro Building, Klongton Nua, Wattana, Bangkok, THA, 10110
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
41GF Score

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

฿0.71
Price
฿0.89
GF Value