Tern Properties Co (HKSE:00277) EBIT: HK$-25.98 Mil (TTM As of Mar. 2026)

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HKSE:00277 Tern Properties Co Ltd HKSE:00277
69 GF Score
Price HK$1.14
GF Value HK$1.72
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Tern Properties Co EBIT?

Tern Properties Co HKSE:00277 69 EBIT is HK$-25.98 Mil as of Mar. 2026. GuruFocus rates HKSE:00277 with a GF Score™ of 69/100 and a GF Value™ of HK$1.72 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Tern Properties Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was HK$-42.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-25.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tern Properties Co's annualized ROC % for the quarter that ended in Mar. 2026 was -0.21%. Tern Properties Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -569.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tern Properties Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.17%.


Tern Properties Co  (HKSE:00277) EBIT Explanation

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

Tern Properties 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 )
=-4.968 * ( 1 - 5.49% )/( (2244.816 + 2213.735)/ 2 )
=-4.6952568/2229.2755
=-0.21 %

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))
=2649.234 - 9.779 - ( 401.881 - max(0, 23.031 - 417.67+401.881))
=2244.816

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))
=2623.032 - 1.344 - ( 412.481 - max(0, 20.902 - 428.855+412.481))
=2213.735

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:

Tern Properties 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 )
=-85.772/( ( (15.228 + max(-4.064, 0)) + (14.874 + max(-7.611, 0)) )/ 2 )
=-85.772/( ( 15.228 + 14.874 )/ 2 )
=-85.772/15.051
=-569.88 %

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)
=(13.922 + 0 + 1.867) - (9.779 + 0 + 10.074)
=-4.064

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.352 + 0 + 5.786) - (1.344 + 0 + 16.405)
=-7.611

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-25.983/-58.827
=44.17 %

* 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.


Tern Properties Co EBIT Related Terms


Tern Properties Co EBIT Historical Data

* Premium members only.

The historical data trend for Tern Properties 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.

Tern Properties Co EBIT Chart

Tern Properties 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 -47.75 -69.77 -4.16 -47.86 -25.98

Tern Properties Co 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 -17.26 -53.35 5.49 16.90 -42.89

HKSE:00277 vs CBRE, BEKE, JLL: EBIT Comparison

For the Real Estate Services subindustry, Tern Properties 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.


Tern Properties Co EV-to-EBIT vs Real Estate Industry

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

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


HKSE:00277
69GF Score
Tern Properties Co Ltd HKSE:00277
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tern Properties 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 HK$-25.98 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 HK$-25.98 Mil mean?
Tern Properties Co (HKSE:00277) has a EBIT of HK$-25.98 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tern Properties Co.
Is Tern Properties Co's EBIT too high?
Tern Properties Co's current EBIT is HK$-25.98 Mil. Overall, Tern Properties Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tern Properties Co's EBIT compare to CBRE and BEKE?
Tern Properties Co's EBIT of HK$-25.98 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 Tern Properties Co. Tern Properties Co's current EBIT is HK$-25.98 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tern Properties Co stock overvalued right now?
Based on GuruFocus' analysis, Tern Properties Co (HKSE:00277) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$1.72, compared to a current price of HK$1.14 — trading 34% below its estimated fair value. The current EBIT is HK$-25.98 Mil. Tern Properties Co's overall GF Score™ is 69/100 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 Tern Properties Co (HKSE:00277), the current EBIT is HK$-25.98 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 Tern Properties Co (HKSE:00277) Overvalued in 2026?

Based on GuruFocus' analysis, Tern Properties Co stock appears to be undervalued. The current stock price of HK$1.14 is trading 34% below its estimated GF Value™ of HK$1.72. GuruFocus considers Tern Properties Co to be Significantly Undervalued.

Key valuation signals for HKSE:00277:

  • EBIT: HK$-25.98 Mil
  • GF Value™: HK$1.72 vs. price of HK$1.14 (34% below fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the HKSE:00277 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tern Properties Co Business Description

Address 237 Queen's Road Central, 26th Floor, Tern Centre, Tower I, Hong Kong, HKG
Tern Properties Co Ltd is a Hong Kong-based company involved in the Property investment business where the company buys, sells, and leases properties as well as in the Treasury investment business where the company is engaged in investing in debt and equity securities. Geographically, the group principally operates in Hong Kong. The company generates key income from the Property investment business.
69GF Score

Get the complete analysis for HKSE:00277

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

HK$1.14
Price
HK$1.72
GF Value