KIKOY (Kikkoman) EBIT: $584 Mil (TTM As of Mar. 2026)


KIKOY Kikkoman Corp KIKOY
93 GF Score
Price $20.28
GF Value $23.06
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kikkoman EBIT?

Kikkoman KIKOY -5.92% 93 EBIT is $584 Mil as of Mar. 2026. GuruFocus rates KIKOY with a GF Score™ of 93/100 and a GF Value™ of $23.06 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Kikkoman's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $112 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $584 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kikkoman's annualized ROC % for the quarter that ended in Mar. 2026 was 8.43%. Kikkoman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kikkoman's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.50%.


Kikkoman  (OTCPK:KIKOY) EBIT Explanation

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

Kikkoman'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 )
=382.576 * ( 1 - 24.52% )/( (3456.083 + 3395.644)/ 2 )
=288.7683648/3425.8635
=8.43 %

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))
=4689.408 - 471.359 - ( 761.966 - max(0, 627.156 - 2160.472+761.966))
=3456.083

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))
=4736.874 - 490.841 - ( 850.389 - max(0, 668.069 - 2198.727+850.389))
=3395.644

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

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

Kikkoman'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 )
=447.812/( ( (1693.756 + max(847.558, 0)) + (1767.08 + max(759.036, 0)) )/ 2 )
=447.812/( ( 2541.314 + 2526.116 )/ 2 )
=447.812/2533.715
=17.67 %

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)
=(623.032 + 686.496 + 88.978) - (471.359 + 0 + 79.589)
=847.558

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(571.203 + 695.463 + 81.672) - (490.841 + 0 + 98.461)
=759.036

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=584.224/8982.519
=6.50 %

* 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.


Kikkoman EBIT Related Terms


Kikkoman EBIT Historical Data

* Premium members only.

The historical data trend for Kikkoman'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.

Kikkoman EBIT Chart

Kikkoman 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 515.28 505.27 563.14 575.44 557.33

Kikkoman 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 73.21 157.85 143.66 170.77 111.95

KIKOY vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, Kikkoman'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.


Kikkoman EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kikkoman's EV-to-EBIT distribution charts can be found below:

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


KIKOY
93GF Score
Kikkoman Corp KIKOY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kikkoman 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 $584 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 $584 Mil mean?
Kikkoman (KIKOY) has a EBIT of $584 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Kikkoman.
Is Kikkoman's EBIT too high?
Kikkoman's current EBIT is $584 Mil. Overall, Kikkoman has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kikkoman's EBIT compare to KHC and GIS?
Kikkoman's EBIT of $584 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Kikkoman. Kikkoman's current EBIT is $584 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kikkoman stock overvalued right now?
Based on GuruFocus' analysis, Kikkoman (KIKOY) is currently considered Modestly Undervalued. The stock's GF Value™ is $23.06, compared to a current price of $20.28 — trading 12.1% below its estimated fair value. The current EBIT is $584 Mil. Kikkoman's overall GF Score™ is 93/100 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 Kikkoman (KIKOY), the current EBIT is $584 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 Kikkoman (KIKOY) Overvalued in 2026?

Based on GuruFocus' analysis, Kikkoman stock appears to be undervalued. The current stock price of $20.28 is trading 12.1% below its estimated GF Value™ of $23.06. GuruFocus considers Kikkoman to be Modestly Undervalued.

Key valuation signals for KIKOY:

  • EBIT: $584 Mil
  • GF Value™: $23.06 vs. price of $20.28 (12.1% below fair value)
  • GF Score™: 93/100 with 2 warning signs

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


Kikkoman Business Description

Address 250 Noda, Chiba Prefecture, Noda, JPN, 278-8601
Kikkoman was founded in 1917 following the merger of eight family-owned companies in Noda, Chiba Prefecture, Japan. It is the largest soy sauce manufacturer in Japan and the US. Domestically, it sells a broad range of food and beverage products, including but not limited to soy sauce, soy milk, licensed Del Monte products, and liquor. Kikkoman's products are shipped to over 100 countries with eight global production plants across the US, Asia, Europe, and South America. Apart from food manufacturing, Kikkoman also operates a wholesale business that resells Asian foods globally.
93GF Score

Get the complete analysis for KIKOY

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

$20.28
Price
$23.06
GF Value