NEXOY (NEXON Co) EBIT: $1,202 Mil (TTM As of Mar. 2026)


NEXOY NEXON Co Ltd NEXOY
78 GF Score
Price $13.06
GF Value $21.60
Valuation Significantly Undervalued
! 2 Warning Signs
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What is NEXON Co EBIT?

NEXON Co NEXOY -0.46% 78 EBIT is $1,202 Mil as of Mar. 2026. GuruFocus rates NEXOY with a GF Score™ of 78/100 and a GF Value™ of $21.60 (Significantly Undervalued). The stock has 2 warning signs investors should review.

NEXON Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $482 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,202 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NEXON Co's annualized ROC % for the quarter that ended in Mar. 2026 was 21.96%. NEXON Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 83.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NEXON Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.83%.


NEXON Co  (OTCPK:NEXOY) EBIT Explanation

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

NEXON Co'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 )
=1466.144 * ( 1 - 25.06% )/( (4989.129 + 5017.781)/ 2 )
=1098.7283136/5003.455
=21.96 %

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))
=9044.595 - 567.264 - ( 3488.202 - max(0, 1432.159 - 6361.453+3488.202))
=4989.129

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))
=8728.425 - 590.197 - ( 3120.447 - max(0, 1224.664 - 6282.058+3120.447))
=5017.781

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

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

NEXON Co'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 )
=1927.064/( ( (510.939 + max(1574.69, 0)) + (487.76 + max(2063.886, 0)) )/ 2 )
=1927.064/( ( 2085.629 + 2551.646 )/ 2 )
=1927.064/2318.6375
=83.11 %

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)
=(553.475 + 0 + 2319.776) - (567.264 + 0 + 731.297)
=1574.69

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(412.641 + 0 + 2748.97) - (590.197 + 0 + 507.528)
=2063.886

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1202.059/7592.135
=15.83 %

* 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.


NEXON Co EBIT Related Terms


NEXON Co EBIT Historical Data

* Premium members only.

The historical data trend for NEXON Co'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.

NEXON Co EBIT Chart

NEXON Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,202.00 1,137.14 925.17 1,296.28 968.25

NEXON Co 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 304.20 312.47 386.41 21.41 481.77

NEXOY vs NTES, EA, TTWO: EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, NEXON Co'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.


NEXON Co EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NEXON Co's EV-to-EBIT distribution charts can be found below:

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


NEXOY
78GF Score
NEXON Co Ltd NEXOY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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NEXON Co 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 $1,202 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 $1,202 Mil mean?
NEXON Co (NEXOY) has a EBIT of $1,202 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NEXON Co.
Is NEXON Co's EBIT too high?
NEXON Co's current EBIT is $1,202 Mil. Overall, NEXON Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's EBIT compare to NTES and EA?
NEXON Co's EBIT of $1,202 Mil can be compared against companies in the Interactive Media 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 Interactive Media company?
A good EBIT depends on the Interactive Media 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 NEXON Co. NEXON Co's current EBIT is $1,202 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (NEXOY) is currently considered Significantly Undervalued. The stock's GF Value™ is $21.60, compared to a current price of $13.06 — trading 39.5% below its estimated fair value. The current EBIT is $1,202 Mil. NEXON Co's overall GF Score™ is 78/100 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 NEXON Co (NEXOY), the current EBIT is $1,202 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 NEXON Co (NEXOY) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of $13.06 is trading 39.5% below its estimated GF Value™ of $21.60. GuruFocus considers NEXON Co to be Significantly Undervalued.

Key valuation signals for NEXOY:

  • EBIT: $1,202 Mil
  • GF Value™: $21.60 vs. price of $13.06 (39.5% below fair value)
  • GF Score™: 78/100 with 2 warning signs

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


NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
78GF Score

Get the complete analysis for NEXOY

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

$13.06
Price
$21.60
GF Value