SHMZF (Shimadzu) EBIT: $534 Mil (TTM As of Mar. 2026)


SHMZF Shimadzu Corp SHMZF
94 GF Score
Price $24.49
GF Value $29.50
! 1 Warning Sign
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What is Shimadzu EBIT?

Shimadzu SHMZF -12.54% 94 EBIT is $534 Mil as of Mar. 2026. GuruFocus rates SHMZF with a GF Score™ of 94/100 and a GF Value™ of $29.50. The stock has 1 warning sign investors should review.

Shimadzu's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $180 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $534 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shimadzu's annualized ROC % for the quarter that ended in Mar. 2026 was 14.29%. Shimadzu's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shimadzu's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.14%.

Shimadzu  (OTCPK:SHMZF) EBIT Explanation

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

Shimadzu'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 )
=591.544 * ( 1 - 24.91% )/( (3098.014 + 3120.756)/ 2 )
=444.1903896/3109.385
=14.29 %

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))
=4429.195 - 396.8 - ( 934.381 - max(0, 867.684 - 2994.221+934.381))
=3098.014

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))
=4650.652 - 475.49 - ( 1054.406 - max(0, 946.845 - 3136.624+1054.406))
=3120.756

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

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

Shimadzu'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 )
=720.508/( ( (779.309 + max(1224.52, 0)) + (773.947 + max(1160.788, 0)) )/ 2 )
=720.508/( ( 2003.829 + 1934.735 )/ 2 )
=720.508/1969.282
=36.59 %

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)
=(926.845 + 1018.94 + 114.055) - (396.8 + 0 + 438.52)
=1224.52

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(985.148 + 958.504 + 138.566) - (475.49 + 0 + 445.94)
=1160.788

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=533.942/5842.693
=9.14 %

* 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.

Shimadzu EBIT Related Terms

Shimadzu EBIT Historical Data

* Premium members only.

The historical data trend for Shimadzu'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.

Shimadzu EBIT Chart

Shimadzu Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 557.74 532.03 515.70 483.08 515.18

Shimadzu 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 151.11 78.61 136.54 138.67 180.13

SHMZF vs COHR, KEYS, GRMN: EBIT Comparison

For the Scientific & Technical Instruments subindustry, Shimadzu'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.

Shimadzu EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Shimadzu's EV-to-EBIT distribution charts can be found below:

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


SHMZF
94GF Score
Shimadzu Corp SHMZF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Shimadzu 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 $534 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 $534 Mil mean?
Shimadzu (SHMZF) has a EBIT of $534 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shimadzu.
Is Shimadzu's EBIT too high?
Shimadzu's current EBIT is $534 Mil. Overall, Shimadzu has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Shimadzu's EBIT compare to COHR and KEYS?
Shimadzu's EBIT of $534 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Shimadzu. Shimadzu's current EBIT is $534 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimadzu stock overvalued right now?
Shimadzu (SHMZF) has a current EBIT of $534 Mil. The stock's GF Value™ is $29.50, compared to a current price of $24.49 — trading 17% below its estimated fair value. The current EBIT is $534 Mil. Shimadzu's overall GF Score™ is 94/100 with 1 warning sign 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 Shimadzu (SHMZF), the current EBIT is $534 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 Shimadzu (SHMZF) Overvalued in 2026?

Based on GuruFocus' analysis, Shimadzu stock appears to be undervalued. The current stock price of $24.49 is trading 17% below its estimated GF Value™ of $29.50.

Key valuation signals for SHMZF:

  • EBIT: $534 Mil
  • GF Value™: $29.50 vs. price of $24.49 (17% below fair value)
  • GF Score™: 94/100 with 1 warning sign

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

Shimadzu Business Description

Address 1 Nishinokyo Kuwabaracho, Nakagyo-ku, Kyoto, JPN, 604-8511
Shimadzu Corp is a Japan-based company engaged in the manufacture of precision instruments, measuring equipment, and medical devices. The firm operates in four segments: Aviation Equipment, Industrial Equipment, Measuring Equipment, Medical Equipment, and Others. It generates the majority of its revenue from the Measuring Equipment segment, which is engaged in the provision of X-ray television (TV) systems, angiography systems, X-ray imaging systems, and others.
94GF Score

Get the complete analysis for SHMZF

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

$24.49
Price
$29.50
GF Value