Japan Airlines Co (STU:JAL) EBIT: €1,273 Mil (TTM As of Mar. 2026)


STU:JAL Japan Airlines Co Ltd STU:JAL
80 GF Score
Price €15.01
GF Value €16.70
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Japan Airlines Co EBIT?

Japan Airlines Co STU:JAL +0.13% 80 EBIT is €1,273 Mil as of Mar. 2026. GuruFocus rates STU:JAL with a GF Score™ of 80/100 and a GF Value™ of €16.70 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Japan Airlines Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €225 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,273 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Japan Airlines Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.63%. Japan Airlines Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Japan Airlines Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.45%.


Japan Airlines Co  (STU:JAL) EBIT Explanation

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

Japan Airlines 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 )
=720.136 * ( 1 - 31.46% )/( (13324.58 + 13844.633)/ 2 )
=493.5812144/13584.6065
=3.63 %

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))
=16644.666 - 1024.729 - ( 5012.087 - max(0, 4921.158 - 7216.515+5012.087))
=13324.58

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))
=17436.84 - 1178.164 - ( 5676.812 - max(0, 5465.81 - 7879.853+5676.812))
=13844.633

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

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

Japan Airlines 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 )
=900.332/( ( (6770.424 + max(-1943.652, 0)) + (6865.862 + max(-2445.737, 0)) )/ 2 )
=900.332/( ( 6770.424 + 6865.862 )/ 2 )
=900.332/6818.143
=13.20 %

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)
=(1301.778 + 322.375 + 580.275) - (1024.729 + 0 + 3123.351)
=-1943.652

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1387.727 + 330.371 + 484.943) - (1178.164 + 0 + 3470.614)
=-2445.737

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1272.703/5932.728
=21.45 %

* 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.


Japan Airlines Co EBIT Related Terms


Japan Airlines Co EBIT Historical Data

* Premium members only.

The historical data trend for Japan Airlines 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.

Japan Airlines Co EBIT Chart

Japan Airlines Co 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 -1,818.74 465.64 948.82 1,081.28 1,225.14

Japan Airlines 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 164.32 276.07 377.90 393.65 225.08

STU:JAL vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, Japan Airlines 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.


Japan Airlines Co EV-to-EBIT vs Transportation Industry

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

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


STU:JAL
80GF Score
Japan Airlines Co Ltd STU:JAL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Airlines 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 €1,273 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 €1,273 Mil mean?
Japan Airlines Co (STU:JAL) has a EBIT of €1,273 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Japan Airlines Co.
Is Japan Airlines Co's EBIT too high?
Japan Airlines Co's current EBIT is €1,273 Mil. Overall, Japan Airlines Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Japan Airlines Co's EBIT compare to DAL and UAL?
Japan Airlines Co's EBIT of €1,273 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Japan Airlines Co. Japan Airlines Co's current EBIT is €1,273 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airlines Co (STU:JAL) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.70, compared to a current price of €15.01 — trading 10.1% below its estimated fair value. The current EBIT is €1,273 Mil. Japan Airlines Co's overall GF Score™ is 80/100 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 Japan Airlines Co (STU:JAL), the current EBIT is €1,273 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 Japan Airlines Co (STU:JAL) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Airlines Co stock appears to be undervalued. The current stock price of €15.01 is trading 10.1% below its estimated GF Value™ of €16.70. GuruFocus considers Japan Airlines Co to be Modestly Undervalued.

Key valuation signals for STU:JAL:

  • EBIT: €1,273 Mil
  • GF Value™: €16.70 vs. price of €15.01 (10.1% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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


Japan Airlines Co Business Description

Address 2-4-11 Higashi-Shinagawa, Nomura Real Estate Building, Shinagawa-ku, Tokyo, JPN, 140-8605
Japan Airlines Co Ltd is an international air transport services company. It offers scheduled and non-scheduled air transport services and aerial work services. The company operates large aircraft, medium-sized aircraft, small aircraft, and regional jets. The company is also engaged in the travel planning and sales business, which covers travel planning and sales, baggage delivery, system development and operation, ticketing systems for the travel industry, and credit card services related to air travel.
80GF Score

Get the complete analysis for STU:JAL

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

€15.01
Price
€16.70
GF Value