Toyota Motor (MEX:TMN) EBIT: MXN629,626 Mil (TTM As of Mar. 2026)


MEX:TMN Toyota Motor Corp MEX:TMN
80 GF Score
Price MXN2,940.00
GF Value MXN3,660.92
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Toyota Motor EBIT?

Toyota Motor MEX:TMN -2.42% 80 EBIT is MXN629,626 Mil as of Mar. 2026. GuruFocus rates MEX:TMN with a GF Score™ of 80/100 and a GF Value™ of MXN3,660.92 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Toyota Motor's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN109,316 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN629,626 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Toyota Motor's annualized ROC % for the quarter that ended in Mar. 2026 was 2.27%. Toyota Motor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Toyota Motor's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.73%.


Toyota Motor  (MEX:TMN) EBIT Explanation

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

Toyota Motor'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 )
=258869.164 * ( 1 - 12.76% )/( (9945365.449 + 9957371.824)/ 2 )
=225837.4586736/9951368.6365
=2.27 %

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))
=11819171.64 - 895191.228 - ( 1916121.867 - max(0, 3759382.173 - 4737997.136+1916121.867))
=9945365.449

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))
=11991556.346 - 986530.434 - ( 1891204.281 - max(0, 3818873.93 - 4866528.018+1891204.281))
=9957371.824

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

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

Toyota Motor'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 )
=437264.852/( ( (1980972.182 + max(999434.432, 0)) + (2041951.02 + max(932916.679, 0)) )/ 2 )
=437264.852/( ( 2980406.614 + 2974867.699 )/ 2 )
=437264.852/2977637.1565
=14.68 %

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)
=(1940358.51 + 533855.291 + 314125.238) - (895191.228 + 0 + 893713.379)
=999434.432

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1768373.546 + 583540.88 + 401959.749) - (986530.434 + 0 + 834427.062)
=932916.679

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=629625.734/6468082.550
=9.73 %

* 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.


Toyota Motor EBIT Related Terms


Toyota Motor EBIT Historical Data

* Premium members only.

The historical data trend for Toyota Motor'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.

Toyota Motor EBIT Chart

Toyota Motor 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 675,522.94 501,124.86 778,732.76 891,947.96 592,438.10

Toyota Motor 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 124,532.27 163,990.83 154,429.43 201,889.27 109,316.21

MEX:TMN vs TSLA, GM, F: EBIT Comparison

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's EV-to-EBIT distribution charts can be found below:

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


MEX:TMN
80GF Score
Toyota Motor Corp MEX:TMN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyota Motor 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 MXN629,626 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 MXN629,626 Mil mean?
Toyota Motor (MEX:TMN) has a EBIT of MXN629,626 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Toyota Motor.
Is Toyota Motor's EBIT too high?
Toyota Motor's current EBIT is MXN629,626 Mil. Overall, Toyota Motor has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Motor's EBIT compare to TSLA and GM?
Toyota Motor's EBIT of MXN629,626 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 Toyota Motor. Toyota Motor's current EBIT is MXN629,626 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Motor stock overvalued right now?
Based on GuruFocus' analysis, Toyota Motor (MEX:TMN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,660.92, compared to a current price of MXN2,940.00 — trading 19.7% below its estimated fair value. The current EBIT is MXN629,626 Mil. Toyota Motor's overall GF Score™ is 80/100 with 3 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 Toyota Motor (MEX:TMN), the current EBIT is MXN629,626 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 Toyota Motor (MEX:TMN) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of MXN2,940.00 is trading 19.7% below its estimated GF Value™ of MXN3,660.92. GuruFocus considers Toyota Motor to be Modestly Undervalued.

Key valuation signals for MEX:TMN:

  • EBIT: MXN629,626 Mil
  • GF Value™: MXN3,660.92 vs. price of MXN2,940.00 (19.7% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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


Toyota Motor Business Description

Address 1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
80GF Score

Get the complete analysis for MEX:TMN

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

MXN2,940.00
Price
MXN3,660.92
GF Value