Chow Tai Fook Jewellery Group (FRA:1CT) EBIT: €1,406 Mil (TTM As of Mar. 2026)

What is Chow Tai Fook Jewellery Group EBIT?

Chow Tai Fook Jewellery Group FRA:1CT -3.13% 93 EBIT is €1,406 Mil as of Mar. 2026. GuruFocus rates FRA:1CT with a GF Score™ of 93/100 and a GF Value™ of €1.24 (Fairly Valued). The stock has 2 warning signs investors should review.

Chow Tai Fook Jewellery Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was €1,000 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,406 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chow Tai Fook Jewellery Group's annualized ROC % for the quarter that ended in Mar. 2026 was 24.53%. Chow Tai Fook Jewellery Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 38.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chow Tai Fook Jewellery Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.46%.

Chow Tai Fook Jewellery Group (FRA:1CT) EBIT Explanation

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

Chow Tai Fook Jewellery Group'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: Sep. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	2601.366 * ( 1 - 24.03% )	/	( (8046.221	+	8068.147)	/ 2 )
=	1976.2577502	/	8057.184
=	24.53 %

where

	Invested Capital		(Q: Sep. 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	))
=	9538.182	-	359.069	-	( 1132.892	-	max(0, 5691.24	-	8534.622	+	1132.892	))
=	8046.221

	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	))
=	9488.443	-	507.188	-	( 913.108	-	max(0, 5032.778	-	8469.779	+	913.108	))
=	8068.147

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Chow Tai Fook Jewellery Group'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: Sep. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1999.508	/	( ( (531.259 + max(4595.045, 0))	+	(531.679 + max(4624.547, 0)) )	/	2 )
=	1999.508	/	( ( 5126.304	+	5156.226 )	/	2 )
=	1999.508	/	5141.265
=	38.89 %

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(241.94	+	6864.057	+	282.862)	-	(359.069	+	0	+	2434.745)
=	4595.045

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(512.57	+	7041.724	+	0.89600000000064)	-	(507.188	+	0	+	2423.455)
=	4624.547

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Chow Tai Fook Jewellery Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	1405.567	/	14864.380
	=	9.46 %

* 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.

Chow Tai Fook Jewellery Group EBIT Related Terms

Chow Tai Fook Jewellery Group EBIT Historical Data

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The historical data trend for Chow Tai Fook Jewellery Group's EBIT can be seen below:

Chow Tai Fook Jewellery Group EBIT Chart

Chow Tai Fook Jewellery Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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1,081.86

955.80

1,109.33

1,012.74

1,409.54

Chow Tai Fook Jewellery Group Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
EBIT	Get a 7-Day Free Trial															356.48	425.58	574.81	405.81	999.75

FRA:1CT vs TPR: EBIT Comparison

For the Luxury Goods subindustry, Chow Tai Fook Jewellery Group'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.

Chow Tai Fook Jewellery Group EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chow Tai Fook Jewellery Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chow Tai Fook Jewellery Group's EV-to-EBIT falls into.

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Chow Tai Fook Jewellery Group Ltd FRA:1CT

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

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Chow Tai Fook Jewellery Group 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 semi-annually data reported by the company within the most recent 12 months, which was €1,406 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €1,406 Mil mean?

Chow Tai Fook Jewellery Group (FRA:1CT) has a EBIT of €1,406 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Chow Tai Fook Jewellery Group.

Is Chow Tai Fook Jewellery Group's EBIT too high?

Chow Tai Fook Jewellery Group's current EBIT is €1,406 Mil. Overall, Chow Tai Fook Jewellery Group has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Chow Tai Fook Jewellery Group's EBIT compare to TPR?

Chow Tai Fook Jewellery Group's EBIT of €1,406 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?

A good EBIT depends on the Retail - Cyclical 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 Chow Tai Fook Jewellery Group. Chow Tai Fook Jewellery Group's current EBIT is €1,406 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Chow Tai Fook Jewellery Group stock overvalued right now?

Based on GuruFocus' analysis, Chow Tai Fook Jewellery Group (FRA:1CT) is currently considered Fairly Valued. The stock's GF Value™ is €1.24, compared to a current price of €1.20 — trading 3.2% below its estimated fair value. The current EBIT is €1,406 Mil. Chow Tai Fook Jewellery Group's overall GF Score™ is 93/100 with 2 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 Chow Tai Fook Jewellery Group (FRA:1CT), the current EBIT is €1,406 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 Chow Tai Fook Jewellery Group (FRA:1CT) Overvalued in 2026?

Based on GuruFocus' analysis, Chow Tai Fook Jewellery Group stock appears to be undervalued. The current stock price of €1.20 is trading 3.2% below its estimated GF Value™ of €1.24. GuruFocus considers Chow Tai Fook Jewellery Group to be Fairly Valued.

Key valuation signals for FRA:1CT:

EBIT: €1,406 Mil
GF Value™: €1.24 vs. price of €1.20 (3.2% below fair value)
GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the FRA:1CT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chow Tai Fook Jewellery Group Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies HKSE:06181 HKSE:01913 HKSE:00590 HKSE:06168 HKSE:00116 HKSE:02583 HKSE:02585 HKSE:00113 HKSE:00887 HKSE:00398 XPAR:MC XPAR:RMS XSWX:CFR XPAR:CDI NSE:TITAN XPAR:KER TPR XSWX:UHR OCSE:PNDORA MIL:BC

Other Exchanges CJEWY:USA CJEWF:USA 01929:Hong Kong 1CT:Germany

Address 16 - 18 Queen\'s Road Central, 33rd Floor, New World Tower, Central, Hong Kong, HKG

Website https://www.ctfjewellerygroup.com

Chow Tai Fook Jewellery Group Ltd core business is the manufacturing and selling of high-end luxury, mass luxury, and youth line jewellery products, and the distribution of watches of various brands. Its brand portfolio includes Chow Tai Fook, Hearts On Fire, Enzo and Monologue, offering a wide multiple products and an expanding range of IP collaborations. The Group's offerings include high jewellery collections and Chow Tai Fook Home, a luxury home decor category. Geographically, the Group operates through Mainland China, Hong Kong, Macau and other markets, with Mainland China contributing the majority of revenue.

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

€1.20

Price

€1.24

GF Value

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