HangZhou Nbond Nonwovens Co (SHSE:603238) EBIT: ¥178 Mil (TTM As of Mar. 2026)

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SHSE:603238 HangZhou Nbond Nonwovens Co Ltd SHSE:603238
63 GF Score
Price ¥11.58
GF Value ¥20.56
Valuation Significantly Undervalued
! 4 Warning Signs
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What is HangZhou Nbond Nonwovens Co EBIT?

HangZhou Nbond Nonwovens Co SHSE:603238 +0.35% 63 EBIT is ¥178 Mil as of Mar. 2026. GuruFocus rates SHSE:603238 with a GF Score™ of 63/100 and a GF Value™ of ¥20.56 (Significantly Undervalued). The stock has 4 warning signs investors should review.

HangZhou Nbond Nonwovens Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥178 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HangZhou Nbond Nonwovens Co's annualized ROC % for the quarter that ended in Mar. 2026 was 11.45%. HangZhou Nbond Nonwovens Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HangZhou Nbond Nonwovens Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.19%.


HangZhou Nbond Nonwovens Co  (SHSE:603238) EBIT Explanation

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

HangZhou Nbond Nonwovens 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 )
=213.96 * ( 1 - 6.65% )/( (1728.053 + 1761.903)/ 2 )
=199.73166/1744.978
=11.45 %

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))
=3397.933 - 1465.735 - ( 976.955 - max(0, 1590.071 - 1794.216+976.955))
=1728.053

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))
=3613.576 - 1607.537 - ( 1105.76 - max(0, 1741.092 - 1985.228+1105.76))
=1761.903

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

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

HangZhou Nbond Nonwovens 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 )
=213.96/( ( (1312.692 + max(-687.834, 0)) + (1340.097 + max(-785.807, 0)) )/ 2 )
=213.96/( ( 1312.692 + 1340.097 )/ 2 )
=213.96/1326.3945
=16.13 %

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)
=(468.061 + 296.158 + 45.604) - (1465.735 + 0 + 31.922)
=-687.834

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(448.644 + 377.71 + 47.865) - (1607.537 + 0 + 52.489)
=-785.807

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:

HangZhou Nbond Nonwovens Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=178.204/1351.238
=13.19 %

* 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.


HangZhou Nbond Nonwovens Co EBIT Related Terms


HangZhou Nbond Nonwovens Co EBIT Historical Data

* Premium members only.

The historical data trend for HangZhou Nbond Nonwovens 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.

HangZhou Nbond Nonwovens Co EBIT Chart

HangZhou Nbond Nonwovens 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 144.29 55.53 110.91 119.73 169.69

HangZhou Nbond Nonwovens 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 44.98 45.76 41.07 37.88 53.49

HangZhou Nbond Nonwovens Co EBIT Competitor Comparison

For the Textile Manufacturing subindustry, HangZhou Nbond Nonwovens 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.


HangZhou Nbond Nonwovens Co EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HangZhou Nbond Nonwovens Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HangZhou Nbond Nonwovens Co's EV-to-EBIT falls into.


SHSE:603238
63GF Score
HangZhou Nbond Nonwovens Co Ltd SHSE:603238
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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HangZhou Nbond Nonwovens 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 ¥178 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 ¥178 Mil mean?
HangZhou Nbond Nonwovens Co (SHSE:603238) has a EBIT of ¥178 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on HangZhou Nbond Nonwovens Co.
Is HangZhou Nbond Nonwovens Co's EBIT too high?
HangZhou Nbond Nonwovens Co's current EBIT is ¥178 Mil. Overall, HangZhou Nbond Nonwovens Co has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HangZhou Nbond Nonwovens Co's EBIT compare to competitors?
HangZhou Nbond Nonwovens Co's EBIT of ¥178 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 HangZhou Nbond Nonwovens Co. HangZhou Nbond Nonwovens Co's current EBIT is ¥178 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HangZhou Nbond Nonwovens Co stock overvalued right now?
Based on GuruFocus' analysis, HangZhou Nbond Nonwovens Co (SHSE:603238) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥20.56, compared to a current price of ¥11.58 — trading 43.7% below its estimated fair value. The current EBIT is ¥178 Mil. HangZhou Nbond Nonwovens Co's overall GF Score™ is 63/100 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 HangZhou Nbond Nonwovens Co (SHSE:603238), the current EBIT is ¥178 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 HangZhou Nbond Nonwovens Co (SHSE:603238) Overvalued in 2026?

Based on GuruFocus' analysis, HangZhou Nbond Nonwovens Co stock appears to be undervalued. The current stock price of ¥11.58 is trading 43.7% below its estimated GF Value™ of ¥20.56. GuruFocus considers HangZhou Nbond Nonwovens Co to be Significantly Undervalued.

Key valuation signals for SHSE:603238:

  • EBIT: ¥178 Mil
  • GF Value™: ¥20.56 vs. price of ¥11.58 (43.7% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the SHSE:603238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HangZhou Nbond Nonwovens Co Business Description

Address No. 8 Changda Road / No. 16 Hongda Road, National Economic and Technological Development Zone, Zhejiang Province, Linping District, Hangzhou, CHN, 311102
HangZhou Nbond Nonwovens Co Ltd is a China-based company engages in the production and sale of non-woven fabrics. The Company is a company specializing in the research and development, production and sales of differentiated and personalized spunlace nonwoven materials and their products. The spunlace nonwoven materials produced by the Company are mainly used in four product areas: beauty care, industrial materials, civil cleaning, and medical materials. The Company's products are divided into two categories: spunlace nonwoven materials and spunlace nonwoven material products.
63GF Score

Get the complete analysis for SHSE:603238

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

¥11.58
Price
¥20.56
GF Value