Hoshino Resorts REIT (FRA:A3F) EBIT: €48.33 Mil (TTM As of Apr. 2026)

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FRA:A3F Hoshino Resorts REIT Inc FRA:A3F
71 GF Score
Price €1,300.00
GF Value €1,646.09
! 5 Warning Signs
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What is Hoshino Resorts REIT EBIT?

Hoshino Resorts REIT FRA:A3F +3.17% 71 EBIT is €48.33 Mil as of Apr. 2026. GuruFocus rates FRA:A3F with a GF Score™ of 71/100 and a GF Value™ of €1,646.09. The stock has 5 warning signs investors should review.

Hoshino Resorts REIT's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2026 was €24.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was €48.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hoshino Resorts REIT's annualized ROC % for the quarter that ended in Apr. 2026 was 3.72%. Hoshino Resorts REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 4.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hoshino Resorts REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 3.80%.


Hoshino Resorts REIT  (FRA:A3F) EBIT Explanation

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

Hoshino Resorts REIT's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=52.182 * ( 1 - 0.02% )/( (1414.282 + 1389.672)/ 2 )
=52.1715636/1401.977
=3.72 %

where

Invested Capital(Q: Oct. 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))
=1424.047 - 11.332 - ( 75.917 - max(0, 86.569 - 85.002+75.917))
=1414.282

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

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

Hoshino Resorts REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=49.89/( ( (1255.989 + max(-8.033, 0)) + (1225.415 + max(-3.956, 0)) )/ 2 )
=49.89/( ( 1255.989 + 1225.415 )/ 2 )
=49.89/1240.702
=4.02 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.877 + 0 + 6.208) - (11.332 + 0 + 5.786)
=-8.033

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.886 + 0 + 7.477) - (10.375 + 0 + 4.944)
=-3.956

When net working capital is negative, 0 is used.

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

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

Hoshino Resorts REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=48.328/1272.565
=3.80 %

* 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.


Hoshino Resorts REIT EBIT Related Terms


Hoshino Resorts REIT EBIT Historical Data

* Premium members only.

The historical data trend for Hoshino Resorts REIT'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.

Hoshino Resorts REIT EBIT Chart

Hoshino Resorts REIT Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.73 29.28 32.63 36.20 42.23

Hoshino Resorts REIT Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 16.39 19.63 20.50 23.38 24.95

FRA:A3F vs HST, RHP, APLE: EBIT Comparison

For the REIT - Hotel & Motel subindustry, Hoshino Resorts REIT'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.


Hoshino Resorts REIT EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Hoshino Resorts REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hoshino Resorts REIT's EV-to-EBIT falls into.


FRA:A3F
71GF Score
Hoshino Resorts REIT Inc FRA:A3F
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoshino Resorts REIT 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €48.33 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 €48.33 Mil mean?
Hoshino Resorts REIT (FRA:A3F) has a EBIT of €48.33 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hoshino Resorts REIT.
Is Hoshino Resorts REIT's EBIT too high?
Hoshino Resorts REIT's current EBIT is €48.33 Mil. Overall, Hoshino Resorts REIT has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Hoshino Resorts REIT's EBIT compare to HST and RHP?
Hoshino Resorts REIT's EBIT of €48.33 Mil can be compared against companies in the REITs 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 REITs company?
A good EBIT depends on the REITs 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 Hoshino Resorts REIT. Hoshino Resorts REIT's current EBIT is €48.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshino Resorts REIT stock overvalued right now?
Hoshino Resorts REIT (FRA:A3F) has a current EBIT of €48.33 Mil. The stock's GF Value™ is €1,646.09, compared to a current price of €1,300.00 — trading 21% below its estimated fair value. The current EBIT is €48.33 Mil. Hoshino Resorts REIT's overall GF Score™ is 71/100 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 Hoshino Resorts REIT (FRA:A3F), the current EBIT is €48.33 Mil as of Apr. 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 Hoshino Resorts REIT (FRA:A3F) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshino Resorts REIT stock appears to be undervalued. The current stock price of €1,300.00 is trading 21% below its estimated GF Value™ of €1,646.09.

Key valuation signals for FRA:A3F:

  • EBIT: €48.33 Mil
  • GF Value™: €1,646.09 vs. price of €1,300.00 (21% below fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the FRA:A3F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoshino Resorts REIT Business Description

Industry Real EstateREITs
Other Exchanges 3287:Japan
Address 2148 Nagakura, Kitasaku-gun, Karuizawa-machi, Nagano Prefecture, Tokyo, JPN, 104-0032
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.
71GF Score

Get the complete analysis for FRA:A3F

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

€1,300.00
Price
€1,646.09
GF Value