SPAEF (Space Co) EBIT: $34.1 Mil (TTM As of Dec. 2025)


SPAEF Space Co Ltd SPAEF
64 GF Score
Price $9.28
GF Value $9.54
Valuation Fairly Valued
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What is Space Co EBIT?

Space Co SPAEF -0.22% 64 EBIT is $34.1 Mil as of Dec. 2025. GuruFocus rates SPAEF with a GF Score™ of 64/100 and a GF Value™ of $9.54 (Fairly Valued).

Space Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was $9.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $34.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Space Co's annualized ROC % for the quarter that ended in Dec. 2025 was 19.30%. Space Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 33.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Space Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 25.16%.

Space Co  (OTCPK:SPAEF) EBIT Explanation

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

Space Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=33.86 * ( 1 - 9.64% )/( (166.512 + 150.477)/ 2 )
=30.595896/158.4945
=19.30 %

where

Invested Capital(Q: Sep. 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))
=302.416 - 41.416 - ( 94.488 - max(0, 72.975 - 210.824+94.488))
=166.512

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))
=289.474 - 43.655 - ( 95.342 - max(0, 61.281 - 200.122+95.342))
=150.477

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Space Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=37.08/( ( (67.721 + max(43.398, 0)) + (64.344 + max(43.538, 0)) )/ 2 )
=37.08/( ( 111.119 + 107.882 )/ 2 )
=37.08/109.5005
=33.86 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(108.568 + 6.833 + 0.935) - (41.416 + 0 + 31.522)
=43.398

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.705 + 3.203 + -0.12799999999999) - (43.655 + 0 + 17.587)
=43.538

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=34.118/135.629
=25.16 %

* 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.

Space Co EBIT Related Terms

Space Co EBIT Historical Data

* Premium members only.

The historical data trend for Space 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.

Space Co EBIT Chart

Space 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 19.99 15.79 19.06 22.98 32.44

Space 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 11.45 6.81 6.25 9.27 11.80

SPAEF vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Space 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.

Space Co EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Space Co's EV-to-EBIT distribution charts can be found below:

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


SPAEF
64GF Score
Space Co Ltd SPAEF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Space 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $34.1 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 $34.1 Mil mean?
Space Co (SPAEF) has a EBIT of $34.1 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Space Co.
Is Space Co's EBIT too high?
Space Co's current EBIT is $34.1 Mil. Overall, Space Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's EBIT compare to PWR and FIX?
Space Co's EBIT of $34.1 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 Space Co. Space Co's current EBIT is $34.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (SPAEF) is currently considered Fairly Valued. The stock's GF Value™ is $9.54, compared to a current price of $9.28 — trading 2.7% below its estimated fair value. The current EBIT is $34.1 Mil. Space Co's overall GF Score™ is 64/100. 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 Space Co (SPAEF), the current EBIT is $34.1 Mil as of Dec. 2025. 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 Space Co (SPAEF) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be undervalued. The current stock price of $9.28 is trading 2.7% below its estimated GF Value™ of $9.54. GuruFocus considers Space Co to be Fairly Valued.

Key valuation signals for SPAEF:

  • EBIT: $34.1 Mil
  • GF Value™: $9.54 vs. price of $9.28 (2.7% below fair value)
  • GF Score™: 64/100

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

Space Co Business Description

Other Exchanges 9622:Japan
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
64GF Score

Get the complete analysis for SPAEF

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

$9.28
Price
$9.54
GF Value