Grace Fabric Technology Co (SHSE:603256) EBIT: ¥389 Mil (TTM As of Mar. 2026)

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SHSE:603256 Grace Fabric Technology Co Ltd SHSE:603256
66 GF Score
Price ¥139.07
GF Value ¥20.91
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Grace Fabric Technology Co EBIT?

Grace Fabric Technology Co SHSE:603256 -6.44% 66 EBIT is ¥389 Mil as of Mar. 2026. GuruFocus rates SHSE:603256 with a GF Score™ of 66/100 and a GF Value™ of ¥20.91 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Grace Fabric Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥177 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥389 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grace Fabric Technology Co's annualized ROC % for the quarter that ended in Mar. 2026 was 19.85%. Grace Fabric Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grace Fabric Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.29%.


Grace Fabric Technology Co  (SHSE:603256) EBIT Explanation

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

Grace Fabric Technology 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 )
=705.088 * ( 1 - 16.09% )/( (2817.35 + 3143.317)/ 2 )
=591.6393408/2980.3335
=19.85 %

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))
=3282.688 - 297.929 - ( 246.764 - max(0, 921.066 - 1088.475+246.764))
=2817.35

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))
=4502.131 - 368.742 - ( 990.072 - max(0, 973.571 - 2060.868+990.072))
=3143.317

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

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

Grace Fabric Technology 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 )
=707.528/( ( (2028.602 + max(431.148, 0)) + (2076.806 + max(560.269, 0)) )/ 2 )
=707.528/( ( 2459.75 + 2637.075 )/ 2 )
=707.528/2548.4125
=27.76 %

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)
=(441.247 + 194.715 + 94.544) - (297.929 + 0 + 1.4290000000001)
=431.148

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(536.248 + 278.141 + 116.131) - (368.742 + 0 + 1.5089999999999)
=560.269

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:

Grace Fabric Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=389.394/134546.741
=0.29 %

* 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.


Grace Fabric Technology Co EBIT Related Terms


Grace Fabric Technology Co EBIT Historical Data

* Premium members only.

The historical data trend for Grace Fabric Technology 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.

Grace Fabric Technology Co EBIT Chart

Grace Fabric Technology 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 171.97 92.28 -36.13 54.66 255.38

Grace Fabric Technology 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 42.87 69.26 66.09 77.16 176.88

SHSE:603256 vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Grace Fabric Technology 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.


Grace Fabric Technology Co EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Grace Fabric Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grace Fabric Technology Co's EV-to-EBIT falls into.


SHSE:603256
66GF Score
Grace Fabric Technology Co Ltd SHSE:603256
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grace Fabric Technology 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 ¥389 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 ¥389 Mil mean?
Grace Fabric Technology Co (SHSE:603256) has a EBIT of ¥389 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grace Fabric Technology Co.
Is Grace Fabric Technology Co's EBIT too high?
Grace Fabric Technology Co's current EBIT is ¥389 Mil. Overall, Grace Fabric Technology Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grace Fabric Technology Co's EBIT compare to LIN and SHW?
Grace Fabric Technology Co's EBIT of ¥389 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Grace Fabric Technology Co. Grace Fabric Technology Co's current EBIT is ¥389 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grace Fabric Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Grace Fabric Technology Co (SHSE:603256) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥20.91, compared to a current price of ¥139.07 — trading 565.1% above its estimated fair value. The current EBIT is ¥389 Mil. Grace Fabric Technology Co's overall GF Score™ is 66/100 with 6 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 Grace Fabric Technology Co (SHSE:603256), the current EBIT is ¥389 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 Grace Fabric Technology Co (SHSE:603256) Overvalued in 2026?

Based on GuruFocus' analysis, Grace Fabric Technology Co stock appears to be overvalued. The current stock price of ¥139.07 is trading 565.1% above its estimated GF Value™ of ¥20.91. GuruFocus considers Grace Fabric Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:603256:

  • EBIT: ¥389 Mil
  • GF Value™: ¥20.91 vs. price of ¥139.07 (565.1% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the SHSE:603256 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grace Fabric Technology Co Business Description

Address 123 Xiuyan Road, Kangqiao Industrial Zone, Pudong, Shanghai, CHN, 20315
Grace Fabric Technology Co Ltd is mainly engaged in the research and development, production and sales of electronic grade glass fiber cloth. The company's main products are high-end electronic grade glass fiber cloth products, mainly including ultra-thin, ultra-thin, thin electronic grade fiberglass cloth.
66GF Score

Get the complete analysis for SHSE:603256

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

¥139.07
Price
¥20.91
GF Value