Wave Cyber (Shanghai) Co (SHSE:688718) EBIT: ¥57.2 Mil (TTM As of Mar. 2026)

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SHSE:688718 Wave Cyber (Shanghai) Co Ltd SHSE:688718
83 GF Score
Price ¥11.33
GF Value ¥15.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Wave Cyber (Shanghai) Co EBIT?

Wave Cyber (Shanghai) Co SHSE:688718 -9.14% 83 EBIT is ¥57.2 Mil as of Mar. 2026. GuruFocus rates SHSE:688718 with a GF Score™ of 83/100 and a GF Value™ of ¥15.03 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Wave Cyber (Shanghai) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥11.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥57.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wave Cyber (Shanghai) Co's annualized ROC % for the quarter that ended in Mar. 2026 was 5.69%. Wave Cyber (Shanghai) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wave Cyber (Shanghai) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.03%.

Wave Cyber (Shanghai) Co  (SHSE:688718) EBIT Explanation

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

Wave Cyber (Shanghai) 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 )
=44.908 * ( 1 - 3.59% )/( (756.461 + 765.438)/ 2 )
=43.2958028/760.9495
=5.69 %

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))
=887.795 - 54.718 - ( 76.616 - max(0, 72.571 - 293.916+76.616))
=756.461

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))
=899.354 - 54.288 - ( 79.628 - max(0, 74.87 - 291.022+79.628))
=765.438

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

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

Wave Cyber (Shanghai) 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 )
=44.908/( ( (473.007 + max(141.425, 0)) + (489.704 + max(133.299, 0)) )/ 2 )
=44.908/( ( 614.432 + 623.003 )/ 2 )
=44.908/618.7175
=7.26 %

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)
=(108.801 + 89.223 + 15.824) - (54.718 + 0 + 17.705)
=141.425

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.503 + 92.42 + 24.236) - (54.288 + 0 + 20.572)
=133.299

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:

Wave Cyber (Shanghai) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=57.232/1891.318
=3.03 %

* 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.

Wave Cyber (Shanghai) Co EBIT Related Terms

Wave Cyber (Shanghai) Co EBIT Historical Data

* Premium members only.

The historical data trend for Wave Cyber (Shanghai) 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.

Wave Cyber (Shanghai) Co EBIT Chart

Wave Cyber (Shanghai) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only 59.29 32.22 46.78 38.60 50.87

Wave Cyber (Shanghai) 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 4.87 10.22 14.72 21.07 11.23

SHSE:688718 vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Wave Cyber (Shanghai) 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.

Wave Cyber (Shanghai) Co EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Wave Cyber (Shanghai) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wave Cyber (Shanghai) Co's EV-to-EBIT falls into.


SHSE:688718
83GF Score
Wave Cyber (Shanghai) Co Ltd SHSE:688718
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Wave Cyber (Shanghai) 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 ¥57.2 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 ¥57.2 Mil mean?
Wave Cyber (Shanghai) Co (SHSE:688718) has a EBIT of ¥57.2 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Wave Cyber (Shanghai) Co.
Is Wave Cyber (Shanghai) Co's EBIT too high?
Wave Cyber (Shanghai) Co's current EBIT is ¥57.2 Mil. Overall, Wave Cyber (Shanghai) Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wave Cyber (Shanghai) Co's EBIT compare to WM and RSG?
Wave Cyber (Shanghai) Co's EBIT of ¥57.2 Mil can be compared against companies in the Waste Management 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 Waste Management company?
A good EBIT depends on the Waste Management 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 Wave Cyber (Shanghai) Co. Wave Cyber (Shanghai) Co's current EBIT is ¥57.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Cyber (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co (SHSE:688718) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.03, compared to a current price of ¥11.33 — trading 24.6% below its estimated fair value. The current EBIT is ¥57.2 Mil. Wave Cyber (Shanghai) Co's overall GF Score™ is 83/100 with 3 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 Wave Cyber (Shanghai) Co (SHSE:688718), the current EBIT is ¥57.2 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 Wave Cyber (Shanghai) Co (SHSE:688718) Overvalued in 2026?

Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co stock appears to be undervalued. The current stock price of ¥11.33 is trading 24.6% below its estimated GF Value™ of ¥15.03. GuruFocus considers Wave Cyber (Shanghai) Co to be Modestly Undervalued.

Key valuation signals for SHSE:688718:

  • EBIT: ¥57.2 Mil
  • GF Value™: ¥15.03 vs. price of ¥11.33 (24.6% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the SHSE:688718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Wave Cyber (Shanghai) Co Business Description

Address 899 Songying Road, Qingpu District, Shanghai, CHN, 201703
Wave Cyber (Shanghai) Co Ltd is a manufacturer of components for the residential, commercial, industrial and municipal water treatment industries. The products include full lines of fiberglass pressure tanks, brine tanks/cabinets, membrane pressure vessels and others.
83GF Score

Get the complete analysis for SHSE:688718

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

¥11.33
Price
¥15.03
GF Value