Toyota Tsusho (STU:9TO) EBIT: €3,565 Mil (TTM As of Mar. 2026)


STU:9TO Toyota Tsusho Corp STU:9TO
80 GF Score
Price €31.54
GF Value €19.15
Valuation Significantly Overvalued
View Full Analysis

What is Toyota Tsusho EBIT?

Toyota Tsusho STU:9TO -3.43% 80 EBIT is €3,565 Mil as of Mar. 2026. GuruFocus rates STU:9TO with a GF Score™ of 80/100 and a GF Value™ of €19.15 (Significantly Overvalued).

Toyota Tsusho's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €824 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €3,565 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Toyota Tsusho's annualized ROC % for the quarter that ended in Mar. 2026 was 7.83%. Toyota Tsusho's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Toyota Tsusho's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.15%.


Toyota Tsusho  (STU:9TO) EBIT Explanation

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

Toyota Tsusho'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 )
=3224.344 * ( 1 - 32.41% )/( (28881.243 + 26818.932)/ 2 )
=2179.3341096/27850.0875
=7.83 %

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))
=44392.296 - 9774.051 - ( 5737.002 - max(0, 16312.931 - 25773.125+5737.002))
=28881.243

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))
=46463.615 - 11545.929 - ( 8098.754 - max(0, 18453.045 - 29445.204+8098.754))
=26818.932

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

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

Toyota Tsusho'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 )
=3294.904/( ( (7873.495 + max(8246.716, 0)) + (7969.268 + max(7502.641, 0)) )/ 2 )
=3294.904/( ( 16120.211 + 15471.909 )/ 2 )
=3294.904/15796.06
=20.86 %

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)
=(10367.072 + 8136.67 + 1532.381) - (9774.051 + 0 + 2015.356)
=8246.716

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11016.374 + 8954.004 + 1376.072) - (11545.929 + 0 + 2297.88)
=7502.641

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:

Toyota Tsusho's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3565.081/38983.100
=9.15 %

* 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.


Toyota Tsusho EBIT Related Terms


Toyota Tsusho EBIT Historical Data

* Premium members only.

The historical data trend for Toyota Tsusho'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.

Toyota Tsusho EBIT Chart

Toyota Tsusho Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,732.04 3,312.54 3,257.85 3,684.43 3,426.35

Toyota Tsusho 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 885.02 948.36 880.33 912.67 823.73

STU:9TO vs HON, MMM: EBIT Comparison

For the Conglomerates subindustry, Toyota Tsusho'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.


Toyota Tsusho EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Toyota Tsusho's EV-to-EBIT distribution charts can be found below:

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


STU:9TO
80GF Score
Toyota Tsusho Corp STU:9TO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyota Tsusho 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 €3,565 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 €3,565 Mil mean?
Toyota Tsusho (STU:9TO) has a EBIT of €3,565 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Toyota Tsusho.
Is Toyota Tsusho's EBIT too high?
Toyota Tsusho's current EBIT is €3,565 Mil. Overall, Toyota Tsusho has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Tsusho's EBIT compare to HON and MMM?
Toyota Tsusho's EBIT of €3,565 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good EBIT depends on the Conglomerates 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 Toyota Tsusho. Toyota Tsusho's current EBIT is €3,565 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Tsusho stock overvalued right now?
Based on GuruFocus' analysis, Toyota Tsusho (STU:9TO) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.15, compared to a current price of €31.54 — trading 64.7% above its estimated fair value. The current EBIT is €3,565 Mil. Toyota Tsusho's overall GF Score™ is 80/100. 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 Toyota Tsusho (STU:9TO), the current EBIT is €3,565 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 Toyota Tsusho (STU:9TO) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Tsusho stock appears to be overvalued. The current stock price of €31.54 is trading 64.7% above its estimated GF Value™ of €19.15. GuruFocus considers Toyota Tsusho to be Significantly Overvalued.

Key valuation signals for STU:9TO:

  • EBIT: €3,565 Mil
  • GF Value™: €19.15 vs. price of €31.54 (64.7% above fair value)
  • GF Score™: 80/100

No single metric tells the full story. See the STU:9TO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyota Tsusho Business Description

Address 9-8 Meieki 4-chome, Century Toyota Building, Nakamura-ku, Nagoya, JPN, 450-8575
Toyota Tsusho Corp is a Japan-based company involved in trading diverse products, along with the manufacturing, processing, sales, investment, and related service activities. The company operates through segments including Africa, Circular Economy, Digital Solutions, Green Infrastructure, Lifestyle, Metal Plus, Mobility, Supply Chain, and Others. It generates the majority of its revenue from the Metal Plus segment, which processes, manufactures, treats, and sells steel products and nonferrous metal ingots, among others.
80GF Score

Get the complete analysis for STU:9TO

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

€31.54
Price
€19.15
GF Value