GSIW (Garden Stage) EBIT: $-7.59 Mil (TTM As of Sep. 2025)


GSIW Garden Stage Ltd GSIW
12 GF Score
Price $28.53
! 1 Warning Sign
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What is Garden Stage EBIT?

Garden Stage GSIW +1.60% 12 EBIT is $-7.59 Mil as of Sep. 2025. GuruFocus rates GSIW with a GF Score™ of 12/100. The stock has 1 warning sign investors should review.

Garden Stage's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2025 was $-6.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was $-7.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Garden Stage's annualized ROC % for the quarter that ended in Sep. 2025 was -164.54%. Garden Stage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -193.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Garden Stage's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -25.19%.

Garden Stage  (NAS:GSIW) EBIT Explanation

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

Garden Stage's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-13.14 * ( 1 - 0% )/( (6.276 + 9.696)/ 2 )
=-13.14/7.986
=-164.54 %

where

Invested Capital(Q: Mar. 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))
=15.899 - 8.998 - ( 0.625 - max(0, 9.116 - 13.773+0.625))
=6.276

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))
=32.412 - 12.418 - ( 10.298 - max(0, 12.538 - 31.508+10.298))
=9.696

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

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

Garden Stage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-13.14/( ( (0.351 + max(4.15, 0)) + (0.265 + max(8.792, 0)) )/ 2 )
=-13.14/( ( 4.501 + 9.057 )/ 2 )
=-13.14/6.779
=-193.83 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.734 + 0 + 11.414) - (8.998 + 0 + 0)
=4.15

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.537 + 0 + 14.673) - (12.418 + 0 + 1.7763568394003E-15)
=8.792

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=-7.591/30.139
=-25.19 %

* 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.

Garden Stage EBIT Related Terms

Garden Stage EBIT Historical Data

* Premium members only.

The historical data trend for Garden Stage'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.

Garden Stage EBIT Chart

Garden Stage Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
EBIT
-0.39 -0.57 -0.26 -4.62 -4.32

Garden Stage Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -3.86 -3.30 -1.02 -6.57

GSIW vs BGDE, HGBL, MDBH: EBIT Comparison

For the Capital Markets subindustry, Garden Stage'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.

Garden Stage EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garden Stage's EV-to-EBIT distribution charts can be found below:

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


GSIW
12GF Score
Garden Stage Ltd GSIW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Garden Stage 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-7.59 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 $-7.59 Mil mean?
Garden Stage (GSIW) has a EBIT of $-7.59 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Garden Stage.
Is Garden Stage's EBIT too high?
Garden Stage's current EBIT is $-7.59 Mil. Overall, Garden Stage has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Garden Stage's EBIT compare to BGDE and HGBL?
Garden Stage's EBIT of $-7.59 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Garden Stage. Garden Stage's current EBIT is $-7.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garden Stage stock overvalued right now?
Garden Stage (GSIW) has a current EBIT of $-7.59 Mil. The current EBIT is $-7.59 Mil. Garden Stage's overall GF Score™ is 12/100 with 1 warning sign 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 Garden Stage (GSIW), the current EBIT is $-7.59 Mil as of Sep. 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.

Garden Stage Business Description

Address 141 Des Voeux Road Central, 30th Floor, China Insurance Group Building, Central, Hong Kong, HKG
Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong; and I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.
12GF Score

Get the complete analysis for GSIW

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

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