PT Gudang Garam Tbk (FRA:GGG) EBIT: €233 Mil (TTM As of Mar. 2026)


FRA:GGG PT Gudang Garam Tbk FRA:GGG
51 GF Score
Price €0.81
GF Value €0.68
Valuation Modestly Overvalued
! 9 Warning Signs
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What is PT Gudang Garam Tbk EBIT?

PT Gudang Garam Tbk FRA:GGG 51 EBIT is €233 Mil as of Mar. 2026. GuruFocus rates FRA:GGG with a GF Score™ of 51/100 and a GF Value™ of €0.68 (Modestly Overvalued). The stock has 9 warning signs investors should review.

PT Gudang Garam Tbk's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €103 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €233 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Gudang Garam Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 9.95%. PT Gudang Garam Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PT Gudang Garam Tbk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.04%.


PT Gudang Garam Tbk  (FRA:GGG) EBIT Explanation

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

PT Gudang Garam Tbk'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 )
=413.012 * ( 1 - 23.81% )/( (3178.724 + 3147.376)/ 2 )
=314.6738428/3163.05
=9.95 %

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))
=3846.556 - 482.88 - ( 184.952 - max(0, 548.216 - 2015.922+184.952))
=3178.724

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))
=3929.443 - 514.543 - ( 267.524 - max(0, 549.102 - 2122.172+267.524))
=3147.376

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

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

PT Gudang Garam Tbk'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 )
=413.22/( ( (1042.19 + max(1321.701, 0)) + (1008.255 + max(1314.098, 0)) )/ 2 )
=413.22/( ( 2363.891 + 2322.353 )/ 2 )
=413.22/2343.122
=17.64 %

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)
=(98.31 + 1616.029 + 116.631) - (482.88 + 0 + 26.389)
=1321.701

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.937 + 1612.657 + 163.054) - (514.543 + 0 + 26.007)
=1314.098

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:

PT Gudang Garam Tbk's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=233.016/1367.506
=17.04 %

* 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.


PT Gudang Garam Tbk EBIT Related Terms


PT Gudang Garam Tbk EBIT Historical Data

* Premium members only.

The historical data trend for PT Gudang Garam Tbk'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.

PT Gudang Garam Tbk EBIT Chart

PT Gudang Garam Tbk 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 454.69 236.31 439.70 113.36 144.75

PT Gudang Garam Tbk 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 17.72 10.54 71.12 48.05 103.31

FRA:GGG vs PM, MO, TPB: EBIT Comparison

For the Tobacco subindustry, PT Gudang Garam Tbk'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.


PT Gudang Garam Tbk EV-to-EBIT vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PT Gudang Garam Tbk's EV-to-EBIT falls into.


FRA:GGG
51GF Score
PT Gudang Garam Tbk FRA:GGG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Gudang Garam Tbk 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 €233 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 €233 Mil mean?
PT Gudang Garam Tbk (FRA:GGG) has a EBIT of €233 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PT Gudang Garam Tbk.
Is PT Gudang Garam Tbk's EBIT too high?
PT Gudang Garam Tbk's current EBIT is €233 Mil. Overall, PT Gudang Garam Tbk has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's EBIT compare to PM and MO?
PT Gudang Garam Tbk's EBIT of €233 Mil can be compared against companies in the Tobacco 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 Tobacco Products company?
A good EBIT depends on the Tobacco 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 PT Gudang Garam Tbk. PT Gudang Garam Tbk's current EBIT is €233 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (FRA:GGG) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.68, compared to a current price of €0.81 — trading 19.1% above its estimated fair value. The current EBIT is €233 Mil. PT Gudang Garam Tbk's overall GF Score™ is 51/100 with 9 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 PT Gudang Garam Tbk (FRA:GGG), the current EBIT is €233 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 PT Gudang Garam Tbk (FRA:GGG) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued. The current stock price of €0.81 is trading 19.1% above its estimated GF Value™ of €0.68. GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.

Key valuation signals for FRA:GGG:

  • EBIT: €233 Mil
  • GF Value™: €0.68 vs. price of €0.81 (19.1% above fair value)
  • GF Score™: 51/100 with 9 warning signs

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


PT Gudang Garam Tbk Business Description

Address Jalan Semampir II/1, East Java, Kediri, IDN, 64121
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
51GF Score

Get the complete analysis for FRA:GGG

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

€0.81
Price
€0.68
GF Value