Keep (HKSE:03650) EBIT: HK$-78 Mil (TTM As of Dec. 2025)

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HKSE:03650 Keep Inc HKSE:03650
71 GF Score
Price HK$1.69
GF Value HK$5.19
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Keep EBIT?

Keep HKSE:03650 -2.31% 71 EBIT is HK$-78 Mil as of Dec. 2025. GuruFocus rates HKSE:03650 with a GF Score™ of 71/100 and a GF Value™ of HK$5.19 (Possible Value Trap). The stock has 4 warning signs investors should review.

Keep's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$-40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-78 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Keep's annualized ROC % for the quarter that ended in Dec. 2025 was -16.96%. Keep's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -59.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Keep's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 61.22%.


Keep  (HKSE:03650) EBIT Explanation

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

Keep'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 )
=-127.164 * ( 1 - 0% )/( (678.936 + 820.685)/ 2 )
=-127.164/749.8105
=-16.96 %

where

Invested Capital(Q: Jun. 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))
=1961.644 - 171.117 - ( 1111.591 - max(0, 476.543 - 1673.886+1111.591))
=678.936

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))
=1965.282 - 205.038 - ( 939.559 - max(0, 467.224 - 1481.818+939.559))
=820.685

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:

Keep'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 )
=-79.466/( ( (42.912 + max(103.865, 0)) + (31.898 + max(89.162, 0)) )/ 2 )
=-79.466/( ( 146.777 + 121.06 )/ 2 )
=-79.466/133.9185
=-59.34 %

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)
=(237.211 + 135.388 + 189.696) - (171.117 + 0 + 287.313)
=103.865

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(213.3 + 126.21 + 202.749) - (205.038 + 0 + 248.059)
=89.162

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-77.769/-127.024
=61.22 %

* 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.


Keep EBIT Related Terms


Keep EBIT Historical Data

* Premium members only.

The historical data trend for Keep'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.

Keep EBIT Chart

Keep Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -3,551.52 -107.47 1,215.40 -567.93 -78.18

Keep Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -95.36 -174.38 -394.98 -38.04 -39.73

HKSE:03650 vs AS, HAS, LTH: EBIT Comparison

For the Leisure subindustry, Keep'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.


Keep EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Keep's EV-to-EBIT distribution charts can be found below:

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


HKSE:03650
71GF Score
Keep Inc HKSE:03650
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keep 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$-78 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$-78 Mil mean?
Keep (HKSE:03650) has a EBIT of HK$-78 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Keep.
Is Keep's EBIT too high?
Keep's current EBIT is HK$-78 Mil. Overall, Keep has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Keep's EBIT compare to AS and HAS?
Keep's EBIT of HK$-78 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Keep. Keep's current EBIT is HK$-78 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keep stock overvalued right now?
Based on GuruFocus' analysis, Keep (HKSE:03650) is currently considered Possible Value Trap. The stock's GF Value™ is HK$5.19, compared to a current price of HK$1.69 — trading 67.4% below its estimated fair value. The current EBIT is HK$-78 Mil. Keep's overall GF Score™ is 71/100 with 4 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 Keep (HKSE:03650), the current EBIT is HK$-78 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 Keep (HKSE:03650) Overvalued in 2026?

Based on GuruFocus' analysis, Keep stock appears to be undervalued. The current stock price of HK$1.69 is trading 67.4% below its estimated GF Value™ of HK$5.19. GuruFocus considers Keep to be Possible Value Trap.

Key valuation signals for HKSE:03650:

  • EBIT: HK$-78 Mil
  • GF Value™: HK$5.19 vs. price of HK$1.69 (67.4% below fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the HKSE:03650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keep Business Description

Address No. 9 Wangjing Street, Building D, Vanke Time Square, Chaoyang, Beijing, CHN
Keep Inc is a growing and result-oriented platform that provides users with a comprehensive fitness solution to help them achieve their fitness goals. It offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, that dynamically adjust course content and workout intensity based on users' athletic levels, fitness goals, daily workout patterns, and diet. The company's operating segment includes Self-branded fitness products, Online membership and paid content, and Advertising and others. The company generates the majority of its revenue from Self-branded fitness products.
71GF Score

Get the complete analysis for HKSE:03650

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

HK$1.69
Price
HK$5.19
GF Value