TSH (SGX:KUH) EBIT: S$1.50 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:KUH TSH Corp Ltd SGX:KUH
51 GF Score
Price S$0.14
GF Value S$0.13
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is TSH EBIT?

TSH SGX:KUH 51 EBIT is S$1.50 Mil as of Jun. 2026. GuruFocus rates SGX:KUH with a GF Score™ of 51/100 and a GF Value™ of S$0.13 (Fairly Valued). The stock has 3 warning signs investors should review.

TSH's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2026 was S$0.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was S$1.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TSH's annualized ROC % for the quarter that ended in Jun. 2026 was 8.42%. TSH's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 11.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TSH's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 26.62%.


TSH  (SGX:KUH) EBIT Explanation

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

TSH's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=0.946 * ( 1 - 0.58% )/( (11.878 + 10.449)/ 2 )
=0.9405132/11.1635
=8.42 %

where

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

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

TSH's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.156/( ( (2.345 + max(7.713, 0)) + (2.251 + max(7.504, 0)) )/ 2 )
=1.156/( ( 10.058 + 9.755 )/ 2 )
=1.156/9.9065
=11.67 %

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)
=(0.216 + 9.272 + 0.626) - (0.827 + 0 + 1.574)
=7.713

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.989 + 9.772 + -1.7763568394003E-15) - (2.826 + 0 + 0.431)
=7.504

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=1.501/5.639
=26.62 %

* 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.


TSH EBIT Related Terms


TSH EBIT Historical Data

* Premium members only.

The historical data trend for TSH'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.

TSH EBIT Chart

TSH 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 -0.21 1.05 0.63 1.06 1.42

TSH Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.38 0.68 0.50 0.92 0.58

SGX:KUH vs MCD, SBUX, YUM: EBIT Comparison

For the Restaurants subindustry, TSH'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.


TSH EV-to-EBIT vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TSH's EV-to-EBIT distribution charts can be found below:

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


SGX:KUH
51GF Score
TSH Corp Ltd SGX:KUH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSH 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$1.50 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 S$1.50 Mil mean?
TSH (SGX:KUH) has a EBIT of S$1.50 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TSH.
Is TSH's EBIT too high?
TSH's current EBIT is S$1.50 Mil. Overall, TSH has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSH's EBIT compare to MCD and SBUX?
TSH's EBIT of S$1.50 Mil can be compared against companies in the Restaurants 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 Restaurants company?
A good EBIT depends on the Restaurants 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 TSH. TSH's current EBIT is S$1.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH stock overvalued right now?
Based on GuruFocus' analysis, TSH (SGX:KUH) is currently considered Fairly Valued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.14 — trading 6.9% above its estimated fair value. The current EBIT is S$1.50 Mil. TSH's overall GF Score™ is 51/100 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 TSH (SGX:KUH), the current EBIT is S$1.50 Mil as of Jun. 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 TSH (SGX:KUH) Overvalued in 2026?

Based on GuruFocus' analysis, TSH stock appears to be overvalued. The current stock price of S$0.14 is trading 6.9% above its estimated GF Value™ of S$0.13. GuruFocus considers TSH to be Fairly Valued.

Key valuation signals for SGX:KUH:

  • EBIT: S$1.50 Mil
  • GF Value™: S$0.13 vs. price of S$0.14 (6.9% above fair value)
  • GF Score™: 51/100 with 3 warning signs

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


TSH Business Description

Address 315 Outram Road, No. 14-02 Tan Boon Liat Building, Singapore, SGP, 169074
TSH Corp Ltd is an investment holding company. Along with its subsidiaries, it runs a dynamic chain of bars, namely: Quaich Bar Collector, Quaich Bar Avant-garde, Quaich Bar Wanderlust, The Other Room, Signature Reserve, Capitol Cigar & Whisky Lounge. The group also distributes premium spirits through The Whisky Store and runs a whisky-dedicated exhibition, Whisky Journey. It operates in a single segment, focused on the wholesale and retail sale of food and beverage businesses. Geographically, it operates only in Singapore.
51GF Score

Get the complete analysis for SGX:KUH

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

S$0.14
Price
S$0.13
GF Value