Morinaga Milk Industry Co (FRA:MO8) EBIT: €194 Mil (TTM As of Mar. 2026)

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FRA:MO8 Morinaga Milk Industry Co Ltd FRA:MO8
70 GF Score
Price €6.35
GF Value €4.70
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Morinaga Milk Industry Co EBIT?

Morinaga Milk Industry Co FRA:MO8 -1.55% 70 EBIT is €194 Mil as of Mar. 2026. GuruFocus rates FRA:MO8 with a GF Score™ of 70/100 and a GF Value™ of €4.70 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Morinaga Milk Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €194 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Morinaga Milk Industry Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.09%. Morinaga Milk Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.32%.


Morinaga Milk Industry Co  (FRA:MO8) EBIT Explanation

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

Morinaga Milk Industry 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 )
=82.812 * ( 1 - 6.26% )/( (2502.226 + 2519.016)/ 2 )
=77.6279688/2510.621
=3.09 %

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))
=3089.156 - 358.191 - ( 228.739 - max(0, 921.284 - 1249.771+228.739))
=2502.226

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))
=2982.4 - 321.333 - ( 142.051 - max(0, 809.972 - 1119.133+142.051))
=2519.016

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

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

Morinaga Milk Industry 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 )
=26.992/( ( (1567.977 + max(201.166, 0)) + (1583.842 + max(267.645, 0)) )/ 2 )
=26.992/( ( 1769.143 + 1851.487 )/ 2 )
=26.992/1810.315
=1.49 %

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)
=(479.881 + 462.003 + 79.148) - (358.191 + 0 + 461.675)
=201.166

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(394.395 + 513.42 + 69.267) - (321.333 + 0 + 388.104)
=267.645

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:

Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=193.948/2649.259
=7.32 %

* 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.


Morinaga Milk Industry Co EBIT Related Terms


Morinaga Milk Industry Co EBIT Historical Data

* Premium members only.

The historical data trend for Morinaga Milk Industry 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.

Morinaga Milk Industry Co EBIT Chart

Morinaga Milk Industry 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 375.54 170.70 551.82 104.22 184.24

Morinaga Milk Industry 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 -41.15 65.44 63.75 58.01 6.75

FRA:MO8 vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, Morinaga Milk Industry 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.


Morinaga Milk Industry Co EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Morinaga Milk Industry Co's EV-to-EBIT falls into.


FRA:MO8
70GF Score
Morinaga Milk Industry Co Ltd FRA:MO8
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morinaga Milk Industry 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 €194 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 €194 Mil mean?
Morinaga Milk Industry Co (FRA:MO8) has a EBIT of €194 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Morinaga Milk Industry Co.
Is Morinaga Milk Industry Co's EBIT too high?
Morinaga Milk Industry Co's current EBIT is €194 Mil. Overall, Morinaga Milk Industry Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's EBIT compare to KHC and GIS?
Morinaga Milk Industry Co's EBIT of €194 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Morinaga Milk Industry Co. Morinaga Milk Industry Co's current EBIT is €194 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga Milk Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Morinaga Milk Industry Co (FRA:MO8) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.70, compared to a current price of €6.35 — trading 35.1% above its estimated fair value. The current EBIT is €194 Mil. Morinaga Milk Industry Co's overall GF Score™ is 70/100 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 Morinaga Milk Industry Co (FRA:MO8), the current EBIT is €194 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 Morinaga Milk Industry Co (FRA:MO8) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be overvalued. The current stock price of €6.35 is trading 35.1% above its estimated GF Value™ of €4.70. GuruFocus considers Morinaga Milk Industry Co to be Significantly Overvalued.

Key valuation signals for FRA:MO8:

  • EBIT: €194 Mil
  • GF Value™: €4.70 vs. price of €6.35 (35.1% above fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the FRA:MO8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morinaga Milk Industry Co Business Description

Other Exchanges 2264:Japan
Address 33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384
Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.
70GF Score

Get the complete analysis for FRA:MO8

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

€6.35
Price
€4.70
GF Value