ISP Holdings (HKSE:02340) EBIT: HK$-52.9 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02340 ISP Holdings Ltd HKSE:02340
37 GF Score
Price HK$0.14
GF Value HK$0.17
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is ISP Holdings EBIT?

ISP Holdings HKSE:02340 +1.45% 37 EBIT is HK$-52.9 Mil as of Dec. 2025. GuruFocus rates HKSE:02340 with a GF Score™ of 37/100 and a GF Value™ of HK$0.17 (Modestly Undervalued). The stock has 5 warning signs investors should review.

ISP Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$-26.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-52.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ISP Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was -58.36%. ISP Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -156.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ISP Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -78.06%.


ISP Holdings  (HKSE:02340) EBIT Explanation

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

ISP Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-63.996 * ( 1 - 0% )/( (103.853 + 115.47)/ 2 )
=-63.996/109.6615
=-58.36 %

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))
=271.993 - 139.855 - ( 16.668 - max(0, 142.488 - 270.231+16.668))
=115.47

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

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

ISP Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-52.578/( ( (1.948 + max(18.838, 0)) + (1.552 + max(44.688, 0)) )/ 2 )
=-52.578/( ( 20.786 + 46.24 )/ 2 )
=-52.578/33.513
=-156.89 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.212 + 0 + 84.048) - (143.054 + 0 + 2.368)
=18.838

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(85.534 + 0 + 100.809) - (139.855 + 0 + 1.8)
=44.688

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-52.933/67.814
=-78.06 %

* 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.


ISP Holdings EBIT Related Terms


ISP Holdings EBIT Historical Data

* Premium members only.

The historical data trend for ISP Holdings'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.

ISP Holdings EBIT Chart

ISP Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.23 -1.45 -15.38 -33.47 -48.90

ISP Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 -10.46 -23.01 -22.61 -26.29 -26.64

HKSE:02340 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, ISP Holdings'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.


ISP Holdings EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, ISP Holdings's EV-to-EBIT distribution charts can be found below:

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


HKSE:02340
37GF Score
ISP Holdings Ltd HKSE:02340
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ISP Holdings 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-52.9 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$-52.9 Mil mean?
ISP Holdings (HKSE:02340) has a EBIT of HK$-52.9 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on ISP Holdings.
Is ISP Holdings' EBIT too high?
ISP Holdings' current EBIT is HK$-52.9 Mil. Overall, ISP Holdings has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ISP Holdings' EBIT compare to PWR and FIX?
ISP Holdings' EBIT of HK$-52.9 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 ISP Holdings. ISP Holdings's current EBIT is HK$-52.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ISP Holdings stock overvalued right now?
Based on GuruFocus' analysis, ISP Holdings (HKSE:02340) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.14 — trading 17.6% below its estimated fair value. The current EBIT is HK$-52.9 Mil. ISP Holdings' overall GF Score™ is 37/100 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 ISP Holdings (HKSE:02340), the current EBIT is HK$-52.9 Mil as of Dec. 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.

Is ISP Holdings (HKSE:02340) Overvalued in 2026?

Based on GuruFocus' analysis, ISP Holdings stock appears to be undervalued. The current stock price of HK$0.14 is trading 17.6% below its estimated GF Value™ of HK$0.17. GuruFocus considers ISP Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:02340:

  • EBIT: HK$-52.9 Mil
  • GF Value™: HK$0.17 vs. price of HK$0.14 (17.6% below fair value)
  • GF Score™: 37/100 with 5 warning signs

No single metric tells the full story. See the HKSE:02340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ISP Holdings Business Description

Address No. 1 Tai Yip Street, Hay Nien Building, 3rd Floor, Kwun Tong, Kowloon, Hong Kong, HKG
ISP Holdings Ltd is an investment holding company. Along with its subsidiaries, it provides interiors and special projects business in Hong Kong and property and facility management business in China. Its customers include private residential owners and corporations, government organizations, educational institutions, landlords, developers, and investors. The company generates a majority of its revenue from its interiors and special projects business which functions as a building contractor and offers services like planning, consultancy, project management through construction, interior design, fitting-out, A&A, and renovation work. Geographically, Hong Kong and Macau are the company's key revenue generating markets, followed by the People's Republic of China.
37GF Score

Get the complete analysis for HKSE:02340

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

HK$0.14
Price
HK$0.17
GF Value