Grinm Advanced Materials Co (SHSE:600206) EBIT: ¥385 Mil (TTM As of Mar. 2026)

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SHSE:600206 Grinm Advanced Materials Co Ltd SHSE:600206
50 GF Score
Price ¥39.85
GF Value ¥14.25
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Grinm Advanced Materials Co EBIT?

Grinm Advanced Materials Co SHSE:600206 -9.00% 50 EBIT is ¥385 Mil as of Mar. 2026. GuruFocus rates SHSE:600206 with a GF Score™ of 50/100 and a GF Value™ of ¥14.25 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Grinm Advanced Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥117 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥385 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grinm Advanced Materials Co's annualized ROC % for the quarter that ended in Mar. 2026 was 8.68%. Grinm Advanced Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grinm Advanced Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.02%.


Grinm Advanced Materials Co  (SHSE:600206) EBIT Explanation

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

Grinm Advanced Materials 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 )
=513.156 * ( 1 - 16.62% )/( (4310.188 + 5543.4)/ 2 )
=427.8694728/4926.794
=8.68 %

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))
=7620.569 - 1150.613 - ( 2159.768 - max(0, 2430.705 - 5542.581+2159.768))
=4310.188

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))
=7800.994 - 1445.914 - ( 811.68 - max(0, 2433.011 - 5712.32+811.68))
=5543.4

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

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

Grinm Advanced Materials 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 )
=468.14/( ( (1584.888 + max(1792.845, 0)) + (1590.296 + max(2859.185, 0)) )/ 2 )
=468.14/( ( 3377.733 + 4449.481 )/ 2 )
=468.14/3913.607
=11.96 %

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)
=(1033.504 + 1263.615 + 761.014) - (1150.613 + 0 + 114.675)
=1792.845

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1274.684 + 2457.456 + 895.464) - (1445.914 + 0 + 322.505)
=2859.185

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:

Grinm Advanced Materials Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=385.332/37799.063
=1.02 %

* 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.


Grinm Advanced Materials Co EBIT Related Terms


Grinm Advanced Materials Co EBIT Historical Data

* Premium members only.

The historical data trend for Grinm Advanced Materials 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.

Grinm Advanced Materials Co EBIT Chart

Grinm Advanced Materials 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 320.31 361.58 296.69 60.80 326.37

Grinm Advanced Materials 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 58.07 78.89 177.11 12.30 117.04

SHSE:600206 vs AMAT, LRCX, KLAC: EBIT Comparison

For the Semiconductor Equipment & Materials subindustry, Grinm Advanced Materials 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.


Grinm Advanced Materials Co EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Grinm Advanced Materials Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grinm Advanced Materials Co's EV-to-EBIT falls into.


SHSE:600206
50GF Score
Grinm Advanced Materials Co Ltd SHSE:600206
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grinm Advanced Materials 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 ¥385 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 ¥385 Mil mean?
Grinm Advanced Materials Co (SHSE:600206) has a EBIT of ¥385 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grinm Advanced Materials Co.
Is Grinm Advanced Materials Co's EBIT too high?
Grinm Advanced Materials Co's current EBIT is ¥385 Mil. Overall, Grinm Advanced Materials Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grinm Advanced Materials Co's EBIT compare to AMAT and LRCX?
Grinm Advanced Materials Co's EBIT of ¥385 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good EBIT depends on the Semiconductors 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 Grinm Advanced Materials Co. Grinm Advanced Materials Co's current EBIT is ¥385 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grinm Advanced Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Grinm Advanced Materials Co (SHSE:600206) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥14.25, compared to a current price of ¥39.85 — trading 179.6% above its estimated fair value. The current EBIT is ¥385 Mil. Grinm Advanced Materials Co's overall GF Score™ is 50/100 with 8 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 Grinm Advanced Materials Co (SHSE:600206), the current EBIT is ¥385 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 Grinm Advanced Materials Co (SHSE:600206) Overvalued in 2026?

Based on GuruFocus' analysis, Grinm Advanced Materials Co stock appears to be overvalued. The current stock price of ¥39.85 is trading 179.6% above its estimated GF Value™ of ¥14.25. GuruFocus considers Grinm Advanced Materials Co to be Significantly Overvalued.

Key valuation signals for SHSE:600206:

  • EBIT: ¥385 Mil
  • GF Value™: ¥14.25 vs. price of ¥39.85 (179.6% above fair value)
  • GF Score™: 50/100 with 8 warning signs

No single metric tells the full story. See the SHSE:600206 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grinm Advanced Materials Co Business Description

Address No.43, North Third Ring Road, Haidian District, Beijing, CHN, 100088
Grinm Advanced Materials Co Ltd is engaged in the research, development, manufacture, and distribution of semiconductor materials. The semiconductors offered by the company are widely used in integrated circuits, discrete devices, solar cell and other fields. Its products are exported to the United States, Japan, Spain, South Korea, Taiwan, Hong Kong and other places.
50GF Score

Get the complete analysis for SHSE:600206

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

¥39.85
Price
¥14.25
GF Value