Mitsuba (FRA:NI2) EBIT: €115 Mil (TTM As of Mar. 2026)


FRA:NI2 Mitsuba Corp FRA:NI2
48 GF Score
Price €5.70
GF Value €4.33
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Mitsuba EBIT?

Mitsuba FRA:NI2 +2.09% 48 EBIT is €115 Mil as of Mar. 2026. GuruFocus rates FRA:NI2 with a GF Score™ of 48/100 and a GF Value™ of €4.33 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Mitsuba's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was €49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €115 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mitsuba's annualized ROC % for the quarter that ended in Mar. 2026 was 6.98%. Mitsuba's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mitsuba's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.66%.


Mitsuba  (FRA:NI2) EBIT Explanation

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

Mitsuba'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=152.304 * ( 1 - 44.6% )/( (1248.069 + 1169.393)/ 2 )
=84.376416/1208.731
=6.98 %

where

Invested Capital(Q: Sep. 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))
=1910.855 - 208.934 - ( 543.394 - max(0, 752.656 - 1206.508+543.394))
=1248.069

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))
=1900.64 - 204.783 - ( 564.317 - max(0, 714.349 - 1240.813+564.317))
=1169.393

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

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

Mitsuba'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=98.11/( ( (468.804 + max(359.538, 0)) + (421.563 + max(374.034, 0)) )/ 2 )
=98.11/( ( 828.342 + 795.597 )/ 2 )
=98.11/811.9695
=12.08 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(284.129 + 299.842 + 79.143) - (208.934 + 0 + 94.642)
=359.538

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(273.87 + 311.227 + 86.705) - (204.783 + 0 + 92.985)
=374.034

When net working capital is negative, 0 is used.

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

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

Mitsuba's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=115.14/585.799
=19.66 %

* 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.


Mitsuba EBIT Related Terms


Mitsuba EBIT Historical Data

* Premium members only.

The historical data trend for Mitsuba'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.

Mitsuba EBIT Chart

Mitsuba 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 52.34 55.77 128.20 126.93 111.57

Mitsuba Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 70.49 64.54 63.39 66.09 49.06

FRA:NI2 vs ORLY, AZO: EBIT Comparison

For the Auto Parts subindustry, Mitsuba'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.


Mitsuba EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsuba's EV-to-EBIT distribution charts can be found below:

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


FRA:NI2
48GF Score
Mitsuba Corp FRA:NI2
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsuba 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 semi-annually data reported by the company within the most recent 12 months, which was €115 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 €115 Mil mean?
Mitsuba (FRA:NI2) has a EBIT of €115 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mitsuba.
Is Mitsuba's EBIT too high?
Mitsuba's current EBIT is €115 Mil. Overall, Mitsuba has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsuba's EBIT compare to ORLY and AZO?
Mitsuba's EBIT of €115 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 Mitsuba. Mitsuba's current EBIT is €115 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsuba stock overvalued right now?
Based on GuruFocus' analysis, Mitsuba (FRA:NI2) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.33, compared to a current price of €5.70 — trading 31.7% above its estimated fair value. The current EBIT is €115 Mil. Mitsuba's overall GF Score™ is 48/100 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 Mitsuba (FRA:NI2), the current EBIT is €115 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 Mitsuba (FRA:NI2) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsuba stock appears to be overvalued. The current stock price of €5.70 is trading 31.7% above its estimated GF Value™ of €4.33. GuruFocus considers Mitsuba to be Significantly Overvalued.

Key valuation signals for FRA:NI2:

  • EBIT: €115 Mil
  • GF Value™: €4.33 vs. price of €5.70 (31.7% above fair value)
  • GF Score™: 48/100 with 2 warning signs

No single metric tells the full story. See the FRA:NI2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsuba Business Description

Other Exchanges 7280:Japan
Address 1-2681 Hirosawa-cho, Kiryu, Gunma Pref., JPN, 376-8555
Mitsuba Corp is a manufacturer of electrical components for automotive vehicles. The company produces front wipers, power window motors, power slide-door systems, electrical power steering motors, starter motors, and electrical oil pumps for automotive vehicles. Further, Mitsuba supplies electrical motors and components to the motorcycle, electric vehicle, and nursing-care industries. The largest end markets are Asia, with a special focus on Japan, and America.
48GF Score

Get the complete analysis for FRA:NI2

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

€5.70
Price
€4.33
GF Value