ITOCF (ITOCHU) EBIT: $8,651 Mil (TTM As of Mar. 2026)

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.

ITOCF ITOCHU Corp ITOCF
82 GF Score
Price $11.90
GF Value $9.97
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is ITOCHU EBIT?

ITOCHU ITOCF -5.18% 82 EBIT is $8,651 Mil as of Mar. 2026. GuruFocus rates ITOCF with a GF Score™ of 82/100 and a GF Value™ of $9.97 (Modestly Overvalued). The stock has 4 warning signs investors should review.

ITOCHU's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $1,774 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $8,651 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ITOCHU's annualized ROC % for the quarter that ended in Mar. 2026 was 4.24%. ITOCHU's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ITOCHU's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.44%.


ITOCHU  (OTCPK:ITOCF) EBIT Explanation

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

ITOCHU'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 )
=4422.664 * ( 1 - 20.25% )/( (83340.833 + 83001.657)/ 2 )
=3527.07454/83171.245
=4.24 %

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))
=106164.583 - 18834.358 - ( 3989.392 - max(0, 31332.418 - 40740.096+3989.392))
=83340.833

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))
=105448.262 - 17395.891 - ( 5050.714 - max(0, 30022.769 - 39513.35+5050.714))
=83001.657

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

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

ITOCHU'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 )
=7094.56/( ( (15218.747 + max(10628.997, 0)) + (15230.929 + max(8834.196, 0)) )/ 2 )
=7094.56/( ( 25847.744 + 24065.125 )/ 2 )
=7094.56/24956.4345
=28.43 %

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)
=(20675.086 + 10549.626 + 3808.441) - (18834.358 + 0 + 5569.798)
=10628.997

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19113.394 + 9735.119 + 3774.395) - (17395.891 + 0 + 6392.821)
=8834.196

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=8651.406/116224.960
=7.44 %

* 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.


ITOCHU EBIT Related Terms


ITOCHU EBIT Historical Data

* Premium members only.

The historical data trend for ITOCHU'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.

ITOCHU EBIT Chart

ITOCHU 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 9,942.92 8,781.15 7,985.31 8,449.71 8,224.44

ITOCHU 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 1,890.26 2,770.93 2,116.35 1,990.48 1,773.64

ITOCF vs MMM, HON: EBIT Comparison

For the Conglomerates subindustry, ITOCHU'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.


ITOCHU EV-to-EBIT vs Conglomerates Industry

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

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


ITOCF
82GF Score
ITOCHU Corp ITOCF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITOCHU 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 $8,651 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 $8,651 Mil mean?
ITOCHU (ITOCF) has a EBIT of $8,651 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on ITOCHU.
Is ITOCHU's EBIT too high?
ITOCHU's current EBIT is $8,651 Mil. Overall, ITOCHU has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ITOCHU's EBIT compare to MMM and HON?
ITOCHU's EBIT of $8,651 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good EBIT depends on the Conglomerates 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 ITOCHU. ITOCHU's current EBIT is $8,651 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITOCHU stock overvalued right now?
Based on GuruFocus' analysis, ITOCHU (ITOCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.97, compared to a current price of $11.90 — trading 19.4% above its estimated fair value. The current EBIT is $8,651 Mil. ITOCHU's overall GF Score™ is 82/100 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 ITOCHU (ITOCF), the current EBIT is $8,651 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 ITOCHU (ITOCF) Overvalued in 2026?

Based on GuruFocus' analysis, ITOCHU stock appears to be overvalued. The current stock price of $11.90 is trading 19.4% above its estimated GF Value™ of $9.97. GuruFocus considers ITOCHU to be Modestly Overvalued.

Key valuation signals for ITOCF:

  • EBIT: $8,651 Mil
  • GF Value™: $9.97 vs. price of $11.90 (19.4% above fair value)
  • GF Score™: 82/100 with 4 warning signs

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


ITOCHU Business Description

Address 5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077
Itochu is a general trading house, or sogo shosha, a conglomerate type unique to Japan. The primary driver for sogo shoshas is trading and intermediation between businesses and leveraging their wide domestic and global information and contact networks to extract value. Itochu has historical roots as a textile trader, but over the years has expanded its portfolio from upstream minerals production, to midstream industrial machinery, food processing, and information and communication technology, and all the way to downstream textiles, convenience stores (Family Mart) and realty. Among the Big Five sogo shoshas, Itochu has the highest exposure to the nonresources businesses, and to the domestic business. It continues to skew its future investments toward the downstream and consumer businesses.
82GF Score

Get the complete analysis for ITOCF

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

$11.90
Price
$9.97
GF Value