SPHXF (SM Prime Holdings) EBIT: $1,199 Mil (TTM As of Mar. 2026)


SPHXF SM Prime Holdings Inc SPHXF
49 GF Score
Price $0.28
GF Value $0.50
Valuation Possible Value Trap
! 4 Warning Signs
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What is SM Prime Holdings EBIT?

SM Prime Holdings SPHXF 49 EBIT is $1,199 Mil as of Mar. 2026. GuruFocus rates SPHXF with a GF Score™ of 49/100 and a GF Value™ of $0.50 (Possible Value Trap). The stock has 4 warning signs investors should review.

SM Prime Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $286 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,199 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SM Prime Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 5.65%. SM Prime Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 93.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SM Prime Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.95%.

SM Prime Holdings  (OTCPK:SPHXF) EBIT Explanation

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

SM Prime Holdings'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 )
=1085.352 * ( 1 - 17.48% )/( (15929.969 + 15785.342)/ 2 )
=895.6324704/15857.6555
=5.65 %

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))
=17744.662 - 1714.978 - ( 460.087 - max(0, 3326.353 - 3426.068+460.087))
=15929.969

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))
=18020.45 - 1760.279 - ( 585.684 - max(0, 3109.16 - 3583.989+585.684))
=15785.342

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

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

SM Prime Holdings'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 )
=1145.888/( ( (27.04 + max(1204.285, 0)) + (26.985 + max(1189.145, 0)) )/ 2 )
=1145.888/( ( 1231.325 + 1216.13 )/ 2 )
=1145.888/1223.7275
=93.64 %

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)
=(1352.083 + 1208.946 + 358.873) - (1714.978 + 0 + 0.63900000000012)
=1204.285

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1379.724 + 1233.459 + 336.714) - (1760.279 + 0 + 0.47299999999996)
=1189.145

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:

SM Prime Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1199.203/15079.466
=7.95 %

* 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.

SM Prime Holdings EBIT Related Terms

SM Prime Holdings EBIT Historical Data

* Premium members only.

The historical data trend for SM Prime Holdings'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.

SM Prime Holdings EBIT Chart

SM Prime Holdings 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 601.68 814.01 1,035.00 1,148.12 1,201.62

SM Prime Holdings 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 288.89 302.20 298.45 312.08 286.47

SM Prime Holdings EBIT Competitor Comparison

For the Real Estate - Diversified subindustry, SM Prime Holdings'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.

SM Prime Holdings EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, SM Prime Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SM Prime Holdings's EV-to-EBIT falls into.


SPHXF
49GF Score
SM Prime Holdings Inc SPHXF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SM Prime Holdings 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 $1,199 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 $1,199 Mil mean?
SM Prime Holdings (SPHXF) has a EBIT of $1,199 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SM Prime Holdings.
Is SM Prime Holdings' EBIT too high?
SM Prime Holdings' current EBIT is $1,199 Mil. Overall, SM Prime Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' EBIT compare to competitors?
SM Prime Holdings' EBIT of $1,199 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 SM Prime Holdings. SM Prime Holdings's current EBIT is $1,199 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (SPHXF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.50, compared to a current price of $0.28 — trading 44% below its estimated fair value. The current EBIT is $1,199 Mil. SM Prime Holdings' overall GF Score™ is 49/100 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 SM Prime Holdings (SPHXF), the current EBIT is $1,199 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 SM Prime Holdings (SPHXF) Overvalued in 2026?

Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued. The current stock price of $0.28 is trading 44% below its estimated GF Value™ of $0.50. GuruFocus considers SM Prime Holdings to be Possible Value Trap.

Key valuation signals for SPHXF:

  • EBIT: $1,199 Mil
  • GF Value™: $0.50 vs. price of $0.28 (44% below fair value)
  • GF Score™: 49/100 with 4 warning signs

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

SM Prime Holdings Business Description

Other Exchanges SMPH:Philippines
Address Seashell Lane corner Coral Way, 7th Floor MOA Square, Mall of Asia Complex, Barangay. 76, Zone 10, CBP-1A, Metro Manila, Pasay, PHL, 1300
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
49GF Score

Get the complete analysis for SPHXF

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

$0.28
Price
$0.50
GF Value