Hitachi Construction Machinery Co (FRA:HCM) EBIT: €793 Mil (TTM As of Mar. 2026)


FRA:HCM Hitachi Construction Machinery Co Ltd FRA:HCM
86 GF Score
Price €28.38
GF Value €23.89
! 2 Warning Signs
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What is Hitachi Construction Machinery Co EBIT?

Hitachi Construction Machinery Co FRA:HCM -1.01% 86 EBIT is €793 Mil as of Mar. 2026. GuruFocus rates FRA:HCM with a GF Score™ of 86/100 and a GF Value™ of €23.89. The stock has 2 warning signs investors should review.

Hitachi Construction Machinery Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €190 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €793 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hitachi Construction Machinery Co's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. Hitachi Construction Machinery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hitachi Construction Machinery Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.24%.

Hitachi Construction Machinery Co  (FRA:HCM) EBIT Explanation

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

Hitachi Construction Machinery Co'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 )
=697.484 * ( 1 - 100% )/( (8007.777 + 7866.084)/ 2 )
=0/7936.9305
=0.00 %

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))
=10154.699 - 1285.615 - ( 861.307 - max(0, 3339.58 - 5622.926+861.307))
=8007.777

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))
=10124.498 - 1337.86 - ( 920.554 - max(0, 3317.89 - 5685.806+920.554))
=7866.084

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

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

Hitachi Construction Machinery Co'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 )
=759.648/( ( (3177.248 + max(3208.912, 0)) + (3051.461 + max(3229.539, 0)) )/ 2 )
=759.648/( ( 6386.16 + 6281 )/ 2 )
=759.648/6333.58
=11.99 %

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)
=(1378.247 + 3223.088 + 154.894) - (1285.615 + 0 + 261.702)
=3208.912

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1615.846 + 2950.282 + 194.017) - (1337.86 + 0 + 192.746)
=3229.539

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:

Hitachi Construction Machinery Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=793.227/8589.174
=9.24 %

* 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.

Hitachi Construction Machinery Co EBIT Related Terms

Hitachi Construction Machinery Co EBIT Historical Data

* Premium members only.

The historical data trend for Hitachi Construction Machinery Co'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.

Hitachi Construction Machinery Co EBIT Chart

Hitachi Construction Machinery Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 898.01 944.22 1,091.15 1,018.75 763.94

Hitachi Construction Machinery Co 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 253.13 147.76 275.95 179.61 189.91

FRA:HCM vs CAT, DE, PCAR: EBIT Comparison

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery Co'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.

Hitachi Construction Machinery Co EV-to-EBIT vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hitachi Construction Machinery Co's EV-to-EBIT falls into.


FRA:HCM
86GF Score
Hitachi Construction Machinery Co Ltd FRA:HCM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hitachi Construction Machinery Co 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 €793 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 €793 Mil mean?
Hitachi Construction Machinery Co (FRA:HCM) has a EBIT of €793 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hitachi Construction Machinery Co.
Is Hitachi Construction Machinery Co's EBIT too high?
Hitachi Construction Machinery Co's current EBIT is €793 Mil. Overall, Hitachi Construction Machinery Co has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Hitachi Construction Machinery Co's EBIT compare to CAT and DE?
Hitachi Construction Machinery Co's EBIT of €793 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good EBIT depends on the Farm & Heavy Construction Machinery 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 Hitachi Construction Machinery Co. Hitachi Construction Machinery Co's current EBIT is €793 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hitachi Construction Machinery Co stock overvalued right now?
Hitachi Construction Machinery Co (FRA:HCM) has a current EBIT of €793 Mil. The stock's GF Value™ is €23.89, compared to a current price of €28.38 — trading 18.8% above its estimated fair value. The current EBIT is €793 Mil. Hitachi Construction Machinery Co's overall GF Score™ is 86/100 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 Hitachi Construction Machinery Co (FRA:HCM), the current EBIT is €793 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 Hitachi Construction Machinery Co (FRA:HCM) Overvalued in 2026?

Based on GuruFocus' analysis, Hitachi Construction Machinery Co stock appears to be overvalued. The current stock price of €28.38 is trading 18.8% above its estimated GF Value™ of €23.89.

Key valuation signals for FRA:HCM:

  • EBIT: €793 Mil
  • GF Value™: €23.89 vs. price of €28.38 (18.8% above fair value)
  • GF Score™: 86/100 with 2 warning signs

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

Hitachi Construction Machinery Co Business Description

Address 16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015
Hitachi Construction Machinery manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining and construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.42% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo.
86GF Score

Get the complete analysis for FRA:HCM

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

€28.38
Price
€23.89
GF Value