JB Foods (SGX:BEW) EBIT: S$169 Mil (TTM As of Mar. 2026)

What is JB Foods EBIT?

JB Foods SGX:BEW +0.70% 80 EBIT is S$169 Mil as of Mar. 2026. GuruFocus rates SGX:BEW with a GF Score™ of 80/100 and a GF Value™ of S$1.03 (Significantly Undervalued). The stock has 6 warning signs investors should review.

JB Foods's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was S$59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was S$169 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JB Foods's annualized ROC % for the quarter that ended in Mar. 2026 was 8.16%. JB Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JB Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.66%.

JB Foods (SGX:BEW) EBIT Explanation

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

JB Foods'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: Sep. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	127.146 * ( 1 - 40.37% )	/	( (858.716	+	999.558)	/ 2 )
=	75.8171598	/	929.137
=	8.16 %

where

	Invested Capital		(Q: Sep. 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	))
=	1058.882	-	162.486	-	( 37.68	-	max(0, 581.945	-	883.69	+	37.68	))
=	858.716

	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	))
=	1233.563	-	172.099	-	( 61.906	-	max(0, 790.673	-	1034.891	+	61.906	))
=	999.558

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

JB Foods'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: Sep. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	117.352	/	( ( (170.557 + max(539.661, 0))	+	(190.787 + max(455.076, 0)) )	/	2 )
=	117.352	/	( ( 710.218	+	645.863 )	/	2 )
=	117.352	/	678.0405
=	17.31 %

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(148.204	+	482.139	+	215.06)	-	(162.486	+	0	+	143.256)
=	539.661

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(106.845	+	505.878	+	357.107)	-	(172.099	+	0	+	342.655)
=	455.076

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	169.221	/	534.483
	=	31.66 %

* 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.

JB Foods EBIT Related Terms

JB Foods EBIT Historical Data

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The historical data trend for JB Foods's EBIT can be seen below:

JB Foods EBIT Chart

JB Foods Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Mar26

EBIT

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36.49

30.05

35.08

22.54

168.78

JB Foods Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Sep25	Mar26
EBIT	Get a 7-Day Free Trial															21.85	0.92	74.69	110.55	58.68

SGX:BEW vs MDLZ, HSY, TR: EBIT Comparison

For the Confectioners subindustry, JB Foods'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.

JB Foods EV-to-EBIT vs Consumer Packaged Goods Industry

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

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

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JB Foods Ltd SGX:BEW

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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JB Foods 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 semi-annually data reported by the company within the most recent 12 months, which was S$169 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of S$169 Mil mean?

JB Foods (SGX:BEW) has a EBIT of S$169 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on JB Foods.

Is JB Foods' EBIT too high?

JB Foods' current EBIT is S$169 Mil. Overall, JB Foods has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does JB Foods' EBIT compare to MDLZ and HSY?

JB Foods' EBIT of S$169 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 JB Foods. JB Foods's current EBIT is S$169 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is JB Foods stock overvalued right now?

Based on GuruFocus' analysis, JB Foods (SGX:BEW) is currently considered Significantly Undervalued. The stock's GF Value™ is S$1.03, compared to a current price of S$0.72 — trading 30.6% below its estimated fair value. The current EBIT is S$169 Mil. JB Foods' overall GF Score™ is 80/100 with 6 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 JB Foods (SGX:BEW), the current EBIT is S$169 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 JB Foods (SGX:BEW) Overvalued in 2026?

Based on GuruFocus' analysis, JB Foods stock appears to be undervalued. The current stock price of S$0.72 is trading 30.6% below its estimated GF Value™ of S$1.03. GuruFocus considers JB Foods to be Significantly Undervalued.

Key valuation signals for SGX:BEW:

EBIT: S$169 Mil
GF Value™: S$1.03 vs. price of S$0.72 (30.6% below fair value)
GF Score™: 80/100 with 6 warning signs

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

JB Foods Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies SGX:P34 MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR SZSE:000833 TSE:2222 CAS:CSR OSTO:CLA B TSE:2201 BOM:500038 XKRX:004990 BOM:532356 XKRX:001800 IST:ULKER STC:SBT XKLS:5102 XZIM:SACL.ZW

Address Lot CP1, Jalan Tanjung A/6, Pelabuhan Tanjung Pelepas, Gelang Patah, JHR, MYS, 81560

Website https://www.jbcocoa.com

JB Foods Ltd produces cocoa products. The company's products include cocoa powder, cocoa mass, and cocoa butter. The group's products are sold under the 'JB COCOA' brand name to the international customer base, ranging from international trade houses to end users such as food and beverage and confectionery manufacturers. The Group's key customers include Nestle Group, Mondelez Group, Mars Group, Hershey's Group, Itochu Corporation, Theobroma B.V., General Cocoa Company Inc., Olam Europe Limited, etc. The group operates in only one business segment, which is the production and sale of cocoa ingredients products. Geographically, the company derives the majority of its revenue from Singapore.

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

S$0.72

Price

S$1.03

GF Value

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