China International Capital (HKSE:03908) EBIT: HK$18,767 Mil (TTM As of Jun. 2026)

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HKSE:03908 China International Capital Corp Ltd HKSE:03908
73 GF Score
Price HK$20.30
GF Value HK$16.59
Valuation Modestly Overvalued
! 2 Warning Signs
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What is China International Capital EBIT?

China International Capital HKSE:03908 +3.47% 73 EBIT is HK$18,767 Mil as of Jun. 2026. GuruFocus rates HKSE:03908 with a GF Score™ of 73/100 and a GF Value™ of HK$16.59 (Modestly Overvalued). The stock has 2 warning signs investors should review.

China International Capital's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was HK$6,593 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was HK$18,767 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China International Capital's annualized ROC % for the quarter that ended in Jun. 2026 was 2.12%. China International Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 430.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China International Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -20.44%.


China International Capital  (HKSE:03908) EBIT Explanation

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

China International Capital's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=26334.676 * ( 1 - 18.67% )/( (931931.752 + 1085229.1017781)/ 2 )
=21417.9919908/1008580.426889
=2.12 %

where

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))
=987108.085 - 0 - ( 55176.333 - max(0, 560314.252 - 793719.171+55176.333))
=931931.752

Invested Capital(Q: Jun. 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))
=1160854.75 - 2375.6412219129 - ( 73250.007 - max(0, 756570.938 - 959267.498+73250.007))
=1085229.1017781

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

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

China International Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26372.048/( ( (6180.841 + max(-320535.132, 0)) + (6058.486 + max(-451954.29922191, 0)) )/ 2 )
=26372.048/( ( 6180.841 + 6058.486 )/ 2 )
=26372.048/6119.6635
=430.94 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + ) - (0 + 717.013 + 319818.119)
=-320535.132

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + ) - (2375.6412219129 + 653.157 + 448925.501)
=-451954.29922191

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

China International Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=18766.79/-91831.205
=-20.44 %

* 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.


China International Capital EBIT Related Terms


China International Capital EBIT Historical Data

* Premium members only.

The historical data trend for China International Capital'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.

China International Capital EBIT Chart

China International Capital Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only 23,406.33 18,362.27 15,190.87 15,866.37 20,485.32

China International Capital Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 2,910.28 2,796.79 4,361.98 5,015.01 6,593.01

HKSE:03908 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, China International Capital'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.


China International Capital EV-to-EBIT vs Capital Markets Industry

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

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


HKSE:03908
73GF Score
China International Capital Corp Ltd HKSE:03908
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China International Capital 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$18,767 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$18,767 Mil mean?
China International Capital (HKSE:03908) has a EBIT of HK$18,767 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China International Capital.
Is China International Capital's EBIT too high?
China International Capital's current EBIT is HK$18,767 Mil. Overall, China International Capital has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China International Capital's EBIT compare to MS and GS?
China International Capital's EBIT of HK$18,767 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 China International Capital. China International Capital's current EBIT is HK$18,767 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China International Capital stock overvalued right now?
Based on GuruFocus' analysis, China International Capital (HKSE:03908) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$16.59, compared to a current price of HK$20.30 — trading 22.4% above its estimated fair value. The current EBIT is HK$18,767 Mil. China International Capital's overall GF Score™ is 73/100 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 China International Capital (HKSE:03908), the current EBIT is HK$18,767 Mil as of Jun. 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 China International Capital (HKSE:03908) Overvalued in 2026?

Based on GuruFocus' analysis, China International Capital stock appears to be overvalued. The current stock price of HK$20.30 is trading 22.4% above its estimated GF Value™ of HK$16.59. GuruFocus considers China International Capital to be Modestly Overvalued.

Key valuation signals for HKSE:03908:

  • EBIT: HK$18,767 Mil
  • GF Value™: HK$16.59 vs. price of HK$20.30 (22.4% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the HKSE:03908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China International Capital Business Description

Other Exchanges CIM:Germany601995:China
Address 1 Jianguomenwai Avenue, 27th and 28th Floor, China World Office 2, Chaoyang District, Beijing, CHN, 100004
China International Capital Corp Ltd is a capital market operations company based in China. Its business is carried out through investment banking, the equities segment, asset management, the FICC segment, wealth management, and private equity segments. The Others segment comprises other business departments, as well as middle and back offices. The company derives its earnings predominantly from China, with the remainder coming from overseas. It generates the majority of its revenue from the wealth management segment.
73GF Score

Get the complete analysis for HKSE:03908

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

HK$20.30
Price
HK$16.59
GF Value