San Miguel (PHS:SMC) EBIT: ₱187,756 Mil (TTM As of Mar. 2026)

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PHS:SMC San Miguel Corp PHS:SMC
75 GF Score
Price ₱65.00
GF Value ₱82.74
Valuation Modestly Undervalued
! 5 Warning Signs
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What is San Miguel EBIT?

San Miguel PHS:SMC 75 EBIT is ₱187,756 Mil as of Mar. 2026. GuruFocus rates PHS:SMC with a GF Score™ of 75/100 and a GF Value™ of ₱82.74 (Modestly Undervalued). The stock has 5 warning signs investors should review.

San Miguel's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₱50,392 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₱187,756 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. San Miguel's annualized ROC % for the quarter that ended in Mar. 2026 was 8.74%. San Miguel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. San Miguel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.95%.


San Miguel  (PHS:SMC) EBIT Explanation

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

San Miguel'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 )
=238484 * ( 1 - 15.38% )/( (2282628 + 2332766)/ 2 )
=201805.1608/2307697
=8.74 %

where

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

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

San Miguel'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 )
=201568/( ( (864750 + max(162247, 0)) + (853797 + max(148315, 0)) )/ 2 )
=201568/( ( 1026997 + 1002112 )/ 2 )
=201568/1014554.5
=19.87 %

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)
=(179993 + 148874 + 133795) - (275877 + 0 + 24538)
=162247

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(185094 + 248921 + 144954) - (430654 + 0 + 0)
=148315

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=187756/1886937.278
=9.95 %

* 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.


San Miguel EBIT Related Terms


San Miguel EBIT Historical Data

* Premium members only.

The historical data trend for San Miguel'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.

San Miguel EBIT Chart

San Miguel 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 108,843.00 94,346.00 156,190.00 155,672.00 214,794.00

San Miguel 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 77,430.00 55,728.00 42,434.00 39,202.00 50,392.00

PHS:SMC vs HON, MMM: EBIT Comparison

For the Conglomerates subindustry, San Miguel'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.


San Miguel EV-to-EBIT vs Conglomerates Industry

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

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


PHS:SMC
75GF Score
San Miguel Corp PHS:SMC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

San Miguel 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 ₱187,756 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 ₱187,756 Mil mean?
San Miguel (PHS:SMC) has a EBIT of ₱187,756 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on San Miguel.
Is San Miguel's EBIT too high?
San Miguel's current EBIT is ₱187,756 Mil. Overall, San Miguel has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel's EBIT compare to HON and MMM?
San Miguel's EBIT of ₱187,756 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 San Miguel. San Miguel's current EBIT is ₱187,756 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel stock overvalued right now?
Based on GuruFocus' analysis, San Miguel (PHS:SMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱82.74, compared to a current price of ₱65.00 — trading 21.4% below its estimated fair value. The current EBIT is ₱187,756 Mil. San Miguel's overall GF Score™ is 75/100 with 5 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 San Miguel (PHS:SMC), the current EBIT is ₱187,756 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 San Miguel (PHS:SMC) Overvalued in 2026?

Based on GuruFocus' analysis, San Miguel stock appears to be undervalued. The current stock price of ₱65.00 is trading 21.4% below its estimated GF Value™ of ₱82.74. GuruFocus considers San Miguel to be Modestly Undervalued.

Key valuation signals for PHS:SMC:

  • EBIT: ₱187,756 Mil
  • GF Value™: ₱82.74 vs. price of ₱65.00 (21.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


San Miguel Business Description

Address No. 40 San Miguel Avenue, P.O. Box 271, Manila Central Post Office, Metro Manila, Mandaluyong, PHL, 1550
San Miguel Corp, through its subsidiaries, operates in various reportable business segments, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate property management and development. Maximum revenue is generated from the fuel and oil segment, which is engaged in refining crude oil and marketing and distribution of refined petroleum products.
75GF Score

Get the complete analysis for PHS:SMC

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

₱65.00
Price
₱82.74
GF Value