Mullion Co (FSE:3494) EBIT: 円821 Mil (TTM As of Mar. 2026)


FSE:3494 Mullion Co Ltd FSE:3494
68 GF Score
Price 円338.00
GF Value 円431.49
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Mullion Co EBIT?

Mullion Co FSE:3494 68 EBIT is 円821 Mil as of Mar. 2026. GuruFocus rates FSE:3494 with a GF Score™ of 68/100 and a GF Value™ of 円431.49 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Mullion Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円151 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円821 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mullion Co's annualized ROC % for the quarter that ended in Mar. 2026 was 1.29%. Mullion Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mullion Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.03%.

Mullion Co  (FSE:3494) EBIT Explanation

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

Mullion 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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=362.916 * ( 1 - 32.79% )/( (17853.741 + 19946.471)/ 2 )
=243.9158436/18900.106
=1.29 %

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))
=18797.442 - 280.741 - ( 1854.111 - max(0, 2004.961 - 2667.921+1854.111))
=17853.741

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))
=19951.145 - 0 - ( 1871.659 - max(0, 2691.532 - 2696.206+1871.659))
=19946.471

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:

Mullion 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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=301.94/( ( (15758.684 + max(303.223, 0)) + (16867.856 + max(499.312, 0)) )/ 2 )
=301.94/( ( 16061.907 + 17367.168 )/ 2 )
=301.94/16714.5375
=1.81 %

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)
=(0 + 782.84 + 30.97) - (280.741 + 0 + 229.846)
=303.223

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 772.429 + 52.118) - (0 + 0 + 325.235)
=499.312

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=820.614/10217.028
=8.03 %

* 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.

Mullion Co EBIT Related Terms

Mullion Co EBIT Historical Data

* Premium members only.

The historical data trend for Mullion 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.

Mullion Co EBIT Chart

Mullion Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 212.94 176.24 251.05 635.12 800.62

Mullion Co Semi-Annual Data
Sep16 Sep17 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 204.97 430.15 130.98 669.64 150.97

FSE:3494 vs CBRE, BEKE: EBIT Comparison

For the Real Estate Services subindustry, Mullion 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.

Mullion Co EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mullion Co's EV-to-EBIT distribution charts can be found below:

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


FSE:3494
68GF Score
Mullion Co Ltd FSE:3494
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mullion 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 semi-annually data reported by the company within the most recent 12 months, which was 円821 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 円821 Mil mean?
Mullion Co (FSE:3494) has a EBIT of 円821 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mullion Co.
Is Mullion Co's EBIT too high?
Mullion Co's current EBIT is 円821 Mil. Overall, Mullion Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mullion Co's EBIT compare to CBRE and BEKE?
Mullion Co's EBIT of 円821 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 Mullion Co. Mullion Co's current EBIT is 円821 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullion Co stock overvalued right now?
Based on GuruFocus' analysis, Mullion Co (FSE:3494) is currently considered Modestly Undervalued. The stock's GF Value™ is 円431.49, compared to a current price of 円338.00 — trading 21.7% below its estimated fair value. The current EBIT is 円821 Mil. Mullion Co's overall GF Score™ is 68/100 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 Mullion Co (FSE:3494), the current EBIT is 円821 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 Mullion Co (FSE:3494) Overvalued in 2026?

Based on GuruFocus' analysis, Mullion Co stock appears to be undervalued. The current stock price of 円338.00 is trading 21.7% below its estimated GF Value™ of 円431.49. GuruFocus considers Mullion Co to be Modestly Undervalued.

Key valuation signals for FSE:3494:

  • EBIT: 円821 Mil
  • GF Value™: 円431.49 vs. price of 円338.00 (21.7% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the FSE:3494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mullion Co Business Description

Other Exchanges 3494:Japan
Address 9-11 Tomihisacho, Shinjuku-ku, Tokyo, JPN, 162-0067
Mullion Co Ltd is a Japanese real estate company. The company is engaged in leasing and managing a real estate rental property, and also engaged in the origination and placement of securitization products derived from real estate rental cash flow.
68GF Score

Get the complete analysis for FSE:3494

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

円338.00
Price
円431.49
GF Value