North Electro-Optic Co (SHSE:600184) EBIT: ¥54 Mil (TTM As of Mar. 2026)


SHSE:600184 North Electro-Optic Co Ltd SHSE:600184
55 GF Score
Price ¥25.83
GF Value ¥13.33
Valuation Significantly Overvalued
! 9 Warning Signs
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What is North Electro-Optic Co EBIT?

North Electro-Optic Co SHSE:600184 -10.00% 55 EBIT is ¥54 Mil as of Mar. 2026. GuruFocus rates SHSE:600184 with a GF Score™ of 55/100 and a GF Value™ of ¥13.33 (Significantly Overvalued). The stock has 9 warning signs investors should review.

North Electro-Optic Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. North Electro-Optic Co's annualized ROC % for the quarter that ended in Mar. 2026 was -0.83%. North Electro-Optic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. North Electro-Optic Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.35%.


North Electro-Optic Co  (SHSE:600184) EBIT Explanation

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

North Electro-Optic Co'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 )
=-22.316 * ( 1 - 0% )/( (2627.594 + 2718.352)/ 2 )
=-22.316/2672.973
=-0.83 %

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))
=5306.494 - 1602.718 - ( 1076.182 - max(0, 1693.277 - 3610.073+1076.182))
=2627.594

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))
=5450.152 - 1502.041 - ( 1229.759 - max(0, 1787.639 - 3670.553+1229.759))
=2718.352

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

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

North Electro-Optic Co'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 )
=6.72/( ( (1328.541 + max(70.649, 0)) + (1327.774 + max(116.923, 0)) )/ 2 )
=6.72/( ( 1399.19 + 1444.697 )/ 2 )
=6.72/1421.9435
=0.47 %

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)
=(1004.979 + 536.269 + 161.147) - (1602.718 + 0 + 29.028)
=70.649

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(965.665 + 767.064 + 168.345) - (1502.041 + 0 + 282.11)
=116.923

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:

North Electro-Optic Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=54.245/15663.931
=0.35 %

* 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.


North Electro-Optic Co EBIT Related Terms


North Electro-Optic Co EBIT Historical Data

* Premium members only.

The historical data trend for North Electro-Optic Co'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.

North Electro-Optic Co EBIT Chart

North Electro-Optic Co 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 67.61 79.01 80.98 -206.40 53.87

North Electro-Optic Co 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 1.30 13.82 13.27 25.48 1.68

SHSE:600184 vs SPCX, GE, RTX: EBIT Comparison

For the Aerospace & Defense subindustry, North Electro-Optic Co'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.


North Electro-Optic Co EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, North Electro-Optic Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where North Electro-Optic Co's EV-to-EBIT falls into.


SHSE:600184
55GF Score
North Electro-Optic Co Ltd SHSE:600184
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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North Electro-Optic Co 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 ¥54 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 ¥54 Mil mean?
North Electro-Optic Co (SHSE:600184) has a EBIT of ¥54 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on North Electro-Optic Co.
Is North Electro-Optic Co's EBIT too high?
North Electro-Optic Co's current EBIT is ¥54 Mil. Overall, North Electro-Optic Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does North Electro-Optic Co's EBIT compare to SPCX and GE?
North Electro-Optic Co's EBIT of ¥54 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense 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 North Electro-Optic Co. North Electro-Optic Co's current EBIT is ¥54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Electro-Optic Co stock overvalued right now?
Based on GuruFocus' analysis, North Electro-Optic Co (SHSE:600184) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.33, compared to a current price of ¥25.83 — trading 93.8% above its estimated fair value. The current EBIT is ¥54 Mil. North Electro-Optic Co's overall GF Score™ is 55/100 with 9 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 North Electro-Optic Co (SHSE:600184), the current EBIT is ¥54 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 North Electro-Optic Co (SHSE:600184) Overvalued in 2026?

Based on GuruFocus' analysis, North Electro-Optic Co stock appears to be overvalued. The current stock price of ¥25.83 is trading 93.8% above its estimated GF Value™ of ¥13.33. GuruFocus considers North Electro-Optic Co to be Significantly Overvalued.

Key valuation signals for SHSE:600184:

  • EBIT: ¥54 Mil
  • GF Value™: ¥13.33 vs. price of ¥25.83 (93.8% above fair value)
  • GF Score™: 55/100 with 9 warning signs

No single metric tells the full story. See the SHSE:600184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Electro-Optic Co Business Description

Address 67 Changhong Beilu, Xiangfan, Hubei, CHN, 441057
North Electro-Optic Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture, and distribution of optoelectronic defense products. The company is also engaged in the manufacture and sales of optoelectronic materials and components.
55GF Score

Get the complete analysis for SHSE:600184

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

¥25.83
Price
¥13.33
GF Value