Jardine Matheson Holdings (FRA:H4W) EBIT: €4,182 Mil (TTM As of Dec. 2025)


FRA:H4W Jardine Matheson Holdings Ltd FRA:H4W
77 GF Score
Price €54.90
GF Value €35.79
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Jardine Matheson Holdings EBIT?

Jardine Matheson Holdings FRA:H4W -2.83% 77 EBIT is €4,182 Mil as of Dec. 2025. GuruFocus rates FRA:H4W with a GF Score™ of 77/100 and a GF Value™ of €35.79 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Jardine Matheson Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €2,346 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €4,182 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jardine Matheson Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 4.29%. Jardine Matheson Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 41.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jardine Matheson Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.99%.


Jardine Matheson Holdings  (FRA:H4W) EBIT Explanation

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

Jardine Matheson Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=3291.316 * ( 1 - 21.48% )/( (62256.669 + 58346.134)/ 2 )
=2584.3413232/60301.4015
=4.29 %

where

Invested Capital(Q: Jun. 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))
=74150.175 - 8602.374 - ( 4729.485 - max(0, 13591.959 - 16883.091+4729.485))
=62256.669

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))
=73560.144 - 8256.472 - ( 7631.344 - max(0, 13226.752 - 20184.29+7631.344))
=58346.134

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Jardine Matheson Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4691.876/( ( (9541.335 + max(3376.098, 0)) + (9419.62 + max(220.332, 0)) )/ 2 )
=4691.876/( ( 12917.433 + 9639.952 )/ 2 )
=4691.876/11278.6925
=41.60 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6147.897 + 5230.611 + 775.098) - (8602.374 + 0 + 175.134)
=3376.098

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1799.378 + 3954.02 + 2909.578) - (8256.472 + 0 + 186.172)
=220.332

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Jardine Matheson Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=4182.244/46508.932
=8.99 %

* 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.


Jardine Matheson Holdings EBIT Related Terms


Jardine Matheson Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Jardine Matheson Holdings'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.

Jardine Matheson Holdings EBIT Chart

Jardine Matheson Holdings 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 3,926.75 3,563.60 3,688.17 2,085.72 4,154.71

Jardine Matheson Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1,568.99 1,159.39 893.88 1,836.31 2,345.94

FRA:H4W vs HON, MMM: EBIT Comparison

For the Conglomerates subindustry, Jardine Matheson Holdings'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.


Jardine Matheson Holdings EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jardine Matheson Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jardine Matheson Holdings's EV-to-EBIT falls into.


FRA:H4W
77GF Score
Jardine Matheson Holdings Ltd FRA:H4W
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jardine Matheson Holdings 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €4,182 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 €4,182 Mil mean?
Jardine Matheson Holdings (FRA:H4W) has a EBIT of €4,182 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Jardine Matheson Holdings.
Is Jardine Matheson Holdings' EBIT too high?
Jardine Matheson Holdings' current EBIT is €4,182 Mil. Overall, Jardine Matheson Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jardine Matheson Holdings' EBIT compare to HON and MMM?
Jardine Matheson Holdings' EBIT of €4,182 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good EBIT depends on the Conglomerates 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 Jardine Matheson Holdings. Jardine Matheson Holdings's current EBIT is €4,182 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Matheson Holdings stock overvalued right now?
Based on GuruFocus' analysis, Jardine Matheson Holdings (FRA:H4W) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.79, compared to a current price of €54.90 — trading 53.4% above its estimated fair value. The current EBIT is €4,182 Mil. Jardine Matheson Holdings' overall GF Score™ is 77/100 with 3 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 Jardine Matheson Holdings (FRA:H4W), the current EBIT is €4,182 Mil as of Dec. 2025. 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 Jardine Matheson Holdings (FRA:H4W) Overvalued in 2026?

Based on GuruFocus' analysis, Jardine Matheson Holdings stock appears to be overvalued. The current stock price of €54.90 is trading 53.4% above its estimated GF Value™ of €35.79. GuruFocus considers Jardine Matheson Holdings to be Significantly Overvalued.

Key valuation signals for FRA:H4W:

  • EBIT: €4,182 Mil
  • GF Value™: €35.79 vs. price of €54.90 (53.4% above fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the FRA:H4W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jardine Matheson Holdings Business Description

Address 33-35 Reid Street, 4th Floor, Jardine House, P.O. Box HM 1068, Hamilton, BMU, HM 12
Jardine Matheson Holdings Ltd is a conglomerate of businesses operating in Greater China and Southeast Asia. The affiliates offer products and services in motor vehicles and related operations, property investment and development, food retailing, home furnishing, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining, and agribusiness. In terms of net income, key businesses within the group are Hong Kong Land and Dairy Farm, which are property investment firms and food retailers, respectively.
77GF Score

Get the complete analysis for FRA:H4W

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

€54.90
Price
€35.79
GF Value