SBS Transit (SGX:S61) EBIT: S$75 Mil (TTM As of Dec. 2025)

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SGX:S61 SBS Transit Ltd SGX:S61
79 GF Score
Price S$3.59
GF Value S$2.60
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is SBS Transit EBIT?

SBS Transit SGX:S61 +0.28% 79 EBIT is S$75 Mil as of Dec. 2025. GuruFocus rates SGX:S61 with a GF Score™ of 79/100 and a GF Value™ of S$2.60 (Significantly Overvalued). The stock has 4 warning signs investors should review.

SBS Transit's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was S$36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was S$75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SBS Transit's annualized ROC % for the quarter that ended in Dec. 2025 was 9.03%. SBS Transit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 31.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SBS Transit's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.91%.


SBS Transit  (SGX:S61) EBIT Explanation

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

SBS Transit's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=68.028 * ( 1 - 16.78% )/( (628.765 + 624.658)/ 2 )
=56.6129016/626.7115
=9.03 %

where

Invested Capital(Q: Jun. 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))
=1069.021 - 99.47 - ( 340.786 - max(0, 325.129 - 812.723+340.786))
=628.765

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))
=1093.021 - 84.04 - ( 384.323 - max(0, 349.169 - 857.642+384.323))
=624.658

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

SBS Transit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=72.754/( ( (239.465 + max(9.1019999999999, 0)) + (220.224 + max(-26.956, 0)) )/ 2 )
=72.754/( ( 248.567 + 220.224 )/ 2 )
=72.754/234.3955
=31.04 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(158.131 + 129.644 + 37.584) - (99.47 + 0 + 216.787)
=9.1019999999999

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(163.854 + 126.779 + 22.97) - (84.04 + 0 + 256.519)
=-26.956

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=74.567/752.320
=9.91 %

* 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.


SBS Transit EBIT Related Terms


SBS Transit EBIT Historical Data

* Premium members only.

The historical data trend for SBS Transit'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.

SBS Transit EBIT Chart

SBS Transit 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 53.85 84.43 89.49 84.23 74.57

SBS Transit Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 47.10 40.62 43.62 38.19 36.38

SGX:S61 vs UNP, CSX, NSC: EBIT Comparison

For the Railroads subindustry, SBS Transit'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.


SBS Transit EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, SBS Transit's EV-to-EBIT distribution charts can be found below:

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


SGX:S61
79GF Score
SBS Transit Ltd SGX:S61
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SBS Transit 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$75 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$75 Mil mean?
SBS Transit (SGX:S61) has a EBIT of S$75 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SBS Transit.
Is SBS Transit's EBIT too high?
SBS Transit's current EBIT is S$75 Mil. Overall, SBS Transit has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBS Transit's EBIT compare to UNP and CSX?
SBS Transit's EBIT of S$75 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 SBS Transit. SBS Transit's current EBIT is S$75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBS Transit stock overvalued right now?
Based on GuruFocus' analysis, SBS Transit (SGX:S61) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.60, compared to a current price of S$3.59 — trading 38.1% above its estimated fair value. The current EBIT is S$75 Mil. SBS Transit's overall GF Score™ is 79/100 with 4 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 SBS Transit (SGX:S61), the current EBIT is S$75 Mil as of Dec. 2025. 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 SBS Transit (SGX:S61) Overvalued in 2026?

Based on GuruFocus' analysis, SBS Transit stock appears to be overvalued. The current stock price of S$3.59 is trading 38.1% above its estimated GF Value™ of S$2.60. GuruFocus considers SBS Transit to be Significantly Overvalued.

Key valuation signals for SGX:S61:

  • EBIT: S$75 Mil
  • GF Value™: S$2.60 vs. price of S$3.59 (38.1% above fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the SGX:S61 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBS Transit Business Description

Address 91 Sengkang East Avenue, Singapore, SGP, 545072
SBS Transit Ltd is engaged in providing public transport services and consultancy services relating to land transport. The provision of public transport services includes the operation of public buses and rail transit systems in Singapore. The company's operating segments are Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains, and rental collection from commercial and shop space at bus interchanges and rail stations. The majority of the company's revenue is generated from the Public Transport Services segment.
79GF Score

Get the complete analysis for SGX:S61

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

S$3.59
Price
S$2.60
GF Value