HSYDF (Harmonic Drive Systems) EBIT: $16.6 Mil (TTM As of Mar. 2026)


HSYDF Harmonic Drive Systems Inc HSYDF
69 GF Score
Price $48.38
GF Value $23.38
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Harmonic Drive Systems EBIT?

Harmonic Drive Systems HSYDF 69 EBIT is $16.6 Mil as of Mar. 2026. GuruFocus rates HSYDF with a GF Score™ of 69/100 and a GF Value™ of $23.38 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Harmonic Drive Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $6.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $16.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harmonic Drive Systems's annualized ROC % for the quarter that ended in Mar. 2026 was 5.53%. Harmonic Drive Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harmonic Drive Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.36%.


Harmonic Drive Systems  (OTCPK:HSYDF) EBIT Explanation

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

Harmonic Drive Systems'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=34.7 * ( 1 - 12.58% )/( (548.816 + 548.072)/ 2 )
=30.33474/548.444
=5.53 %

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))
=700.036 - 19.291 - ( 131.929 - max(0, 78.719 - 310.466+131.929))
=548.816

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

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

Harmonic Drive Systems'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.04/( ( (293.533 + max(131.096, 0)) + (285.198 + max(138.774, 0)) )/ 2 )
=26.04/( ( 424.629 + 423.972 )/ 2 )
=26.04/424.3005
=6.14 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(83.6 + 83.177 + 11.76) - (19.291 + 0 + 28.15)
=131.096

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96.489 + 78.179 + 10.391) - (17.319 + 0 + 28.966)
=138.774

When net working capital is negative, 0 is used.

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

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

Harmonic Drive Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=16.553/4564.055
=0.36 %

* 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.


Harmonic Drive Systems EBIT Related Terms


Harmonic Drive Systems EBIT Historical Data

* Premium members only.

The historical data trend for Harmonic Drive Systems'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.

Harmonic Drive Systems EBIT Chart

Harmonic Drive Systems 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 77.16 77.52 -183.08 33.58 16.09

Harmonic Drive Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 33.32 1.96 2.90 5.19 6.51

HSYDF vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.


Harmonic Drive Systems EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's EV-to-EBIT distribution charts can be found below:

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


HSYDF
69GF Score
Harmonic Drive Systems Inc HSYDF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Harmonic Drive Systems 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 quarterly data reported by the company within the most recent 12 months, which was $16.6 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 $16.6 Mil mean?
Harmonic Drive Systems (HSYDF) has a EBIT of $16.6 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harmonic Drive Systems.
Is Harmonic Drive Systems' EBIT too high?
Harmonic Drive Systems' current EBIT is $16.6 Mil. Overall, Harmonic Drive Systems has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic Drive Systems' EBIT compare to GEV and ETN?
Harmonic Drive Systems' EBIT of $16.6 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good EBIT depends on the Industrial Products 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 Harmonic Drive Systems. Harmonic Drive Systems's current EBIT is $16.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic Drive Systems stock overvalued right now?
Based on GuruFocus' analysis, Harmonic Drive Systems (HSYDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.38, compared to a current price of $48.38 — trading 106.9% above its estimated fair value. The current EBIT is $16.6 Mil. Harmonic Drive Systems' overall GF Score™ is 69/100 with 10 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 Harmonic Drive Systems (HSYDF), the current EBIT is $16.6 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 Harmonic Drive Systems (HSYDF) Overvalued in 2026?

Based on GuruFocus' analysis, Harmonic Drive Systems stock appears to be overvalued. The current stock price of $48.38 is trading 106.9% above its estimated GF Value™ of $23.38. GuruFocus considers Harmonic Drive Systems to be Significantly Overvalued.

Key valuation signals for HSYDF:

  • EBIT: $16.6 Mil
  • GF Value™: $23.38 vs. price of $48.38 (106.9% above fair value)
  • GF Score™: 69/100 with 10 warning signs

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


Harmonic Drive Systems Business Description

Other Exchanges 6324:JapanK3R:Germany
Address 6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013
Harmonic Drive Systems manufactures and sells high-precision reduction gears (harmonic reducers) under the Harmonic Drive brand as well as other mechatronics products, including rotary actuators, linear actuators, and AC servo motors. The company also provides planetary gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo, Japan.
69GF Score

Get the complete analysis for HSYDF

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

$48.38
Price
$23.38
GF Value