Vanachai Group PCL (BKK:VNG-F) EBIT: ฿-503 Mil (TTM As of Mar. 2026)

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BKK:VNG-F Vanachai Group PCL BKK:VNG-F
68 GF Score
Price ฿12.63
GF Value ฿16.80
! 7 Warning Signs
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What is Vanachai Group PCL EBIT?

Vanachai Group PCL BKK:VNG-F 68 EBIT is ฿-503 Mil as of Mar. 2026. GuruFocus rates BKK:VNG-F with a GF Score™ of 68/100 and a GF Value™ of ฿16.80. The stock has 7 warning signs investors should review.

Vanachai Group PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿-170 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿-503 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vanachai Group PCL's annualized ROC % for the quarter that ended in Mar. 2026 was -4.18%. Vanachai Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vanachai Group PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.90%.


Vanachai Group PCL  (BKK:VNG-F) EBIT Explanation

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

Vanachai Group 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 )
=-769.28 * ( 1 - 1.02% )/( (18168.884 + 18300.069)/ 2 )
=-761.433344/18234.4765
=-4.18 %

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))
=18438.794 - 1146.242 - ( 588.786 - max(0, 6207.453 - 5331.121+588.786))
=18168.884

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))
=18417.62 - 1283.761 - ( 560.012 - max(0, 6298.278 - 5132.068+560.012))
=18300.069

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

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

Vanachai Group 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 )
=-679.392/( ( (12884.263 + max(2672.637, 0)) + (13026.276 + max(2596.27, 0)) )/ 2 )
=-679.392/( ( 15556.9 + 15622.546 )/ 2 )
=-679.392/15589.723
=-4.36 %

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)
=(1038.155 + 3293.139 + 87.905) - (1146.242 + 527.83 + 72.490000000001)
=2672.637

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(832.347 + 3457.237 + 128.513) - (1283.761 + 461.786 + 76.280000000001)
=2596.27

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-502.941/12894.493
=-3.90 %

* 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.


Vanachai Group PCL EBIT Related Terms


Vanachai Group PCL EBIT Historical Data

* Premium members only.

The historical data trend for Vanachai Group 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.

Vanachai Group PCL EBIT Chart

Vanachai Group 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 1,623.09 1,166.01 536.25 752.99 -253.63

Vanachai Group 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 79.46 60.68 -74.65 -319.12 -169.85

BKK:VNG-F vs SSD, UFPI, BCC: EBIT Comparison

For the Lumber & Wood Production subindustry, Vanachai Group 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.


Vanachai Group PCL EV-to-EBIT vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's EV-to-EBIT distribution charts can be found below:

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


BKK:VNG-F
68GF Score
Vanachai Group PCL BKK:VNG-F
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vanachai Group 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 ฿-503 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 ฿-503 Mil mean?
Vanachai Group PCL (BKK:VNG-F) has a EBIT of ฿-503 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vanachai Group PCL.
Is Vanachai Group PCL's EBIT too high?
Vanachai Group PCL's current EBIT is ฿-503 Mil. Overall, Vanachai Group PCL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Vanachai Group PCL's EBIT compare to SSD and UFPI?
Vanachai Group PCL's EBIT of ฿-503 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good EBIT depends on the Forest Products 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 Vanachai Group PCL. Vanachai Group PCL's current EBIT is ฿-503 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanachai Group PCL stock overvalued right now?
Vanachai Group PCL (BKK:VNG-F) has a current EBIT of ฿-503 Mil. The stock's GF Value™ is ฿16.80, compared to a current price of ฿12.63 — trading 24.8% below its estimated fair value. The current EBIT is ฿-503 Mil. Vanachai Group PCL's overall GF Score™ is 68/100 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 Vanachai Group PCL (BKK:VNG-F), the current EBIT is ฿-503 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 Vanachai Group PCL (BKK:VNG-F) Overvalued in 2026?

Based on GuruFocus' analysis, Vanachai Group PCL stock appears to be undervalued. The current stock price of ฿12.63 is trading 24.8% below its estimated GF Value™ of ฿16.80.

Key valuation signals for BKK:VNG-F:

  • EBIT: ฿-503 Mil
  • GF Value™: ฿16.80 vs. price of ฿12.63 (24.8% below fair value)
  • GF Score™: 68/100 with 7 warning signs

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


Vanachai Group PCL Business Description

Other Exchanges VNG:Thailand
Address 2/1 Wongsawang Road, Wongsawang, Bangsue District, Bangkok, THA, 10800
Vanachai Group PCL is a Thailand-based company. The principal activities of the company and its subsidiaries involve the production and distribution of wood plates, MDF boards, Particle boards, Doorskin, and Malamine on wood plates. The company creates wood-based goods such as particleboards, medium-density fiberboards (MDF boards), Doorskin, and melamine laminated particleboards, which are distributed to both domestic and international markets. It also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.
68GF Score

Get the complete analysis for BKK:VNG-F

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

฿12.63
Price
฿16.80
GF Value