TBVPF (Thai Beverage) EBIT: $1,471 Mil (TTM As of Mar. 2026)


TBVPF Thai Beverage PLC TBVPF
58 GF Score
Price $0.34
GF Value $0.40
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thai Beverage EBIT?

Thai Beverage TBVPF 58 EBIT is $1,471 Mil as of Mar. 2026. GuruFocus rates TBVPF with a GF Score™ of 58/100 and a GF Value™ of $0.40 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Thai Beverage's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was $822 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,471 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Beverage's annualized ROC % for the quarter that ended in Mar. 2026 was 8.76%. Thai Beverage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thai Beverage's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.84%.

Thai Beverage  (OTCPK:TBVPF) EBIT Explanation

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

Thai Beverage'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1557.29 * ( 1 - 23.51% )/( (13652.263 + 13546.196)/ 2 )
=1191.171121/13599.2295
=8.76 %

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))
=15942.505 - 947.035 - ( 1373.534 - max(0, 2773.58 - 4116.787+1373.534))
=13652.263

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))
=16532.765 - 1478.726 - ( 1613.112 - max(0, 2941.725 - 4449.568+1613.112))
=13546.196

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Thai Beverage'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1643.56/( ( (3280.347 + max(1272.018, 0)) + (3335.748 + max(1130.11, 0)) )/ 2 )
=1643.56/( ( 4552.365 + 4465.858 )/ 2 )
=1643.56/4509.1115
=36.45 %

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)
=(421.971 + 2044.375 + 137.579) - (947.035 + 0 + 384.872)
=1272.018

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(555.378 + 1994.842 + 74.572) - (1478.726 + 0 + 15.956)
=1130.11

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Thai Beverage's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1470.977/16639.964
=8.84 %

* 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.

Thai Beverage EBIT Related Terms

Thai Beverage EBIT Historical Data

* Premium members only.

The historical data trend for Thai Beverage'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.

Thai Beverage EBIT Chart

Thai Beverage Annual Data
Trend Dec15 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,172.14 1,245.56 1,363.83 1,547.18 1,460.14

Thai Beverage Semi-Annual Data
Jun16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 772.32 712.23 767.47 649.20 821.78

TBVPF vs BF.B: EBIT Comparison

For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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.

Thai Beverage EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's EV-to-EBIT distribution charts can be found below:

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


TBVPF
58GF Score
Thai Beverage PLC TBVPF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Beverage 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 semi-annually data reported by the company within the most recent 12 months, which was $1,471 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 $1,471 Mil mean?
Thai Beverage (TBVPF) has a EBIT of $1,471 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thai Beverage.
Is Thai Beverage's EBIT too high?
Thai Beverage's current EBIT is $1,471 Mil. Overall, Thai Beverage has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Beverage's EBIT compare to BF.B?
Thai Beverage's EBIT of $1,471 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good EBIT depends on the Beverages - Alcoholic 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 Thai Beverage. Thai Beverage's current EBIT is $1,471 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Beverage stock overvalued right now?
Based on GuruFocus' analysis, Thai Beverage (TBVPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.40, compared to a current price of $0.34 — trading 16.1% below its estimated fair value. The current EBIT is $1,471 Mil. Thai Beverage's overall GF Score™ is 58/100 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 Thai Beverage (TBVPF), the current EBIT is $1,471 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 Thai Beverage (TBVPF) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Beverage stock appears to be undervalued. The current stock price of $0.34 is trading 16.1% below its estimated GF Value™ of $0.40. GuruFocus considers Thai Beverage to be Modestly Undervalued.

Key valuation signals for TBVPF:

  • EBIT: $1,471 Mil
  • GF Value™: $0.40 vs. price of $0.34 (16.1% below fair value)
  • GF Score™: 58/100 with 3 warning signs

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

Thai Beverage Business Description

Other Exchanges Y92:SingaporeT6W:Germany
Address 14 Vibhavadi Rangsit Road, Chomphon Sub-District, Chatuchak District, Bangkok, THA, 10900
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segments include Spirits; production and sales of branded spirits products and soda. Beer: production and sales of raw materials, branded beer products, Chang soda and Chang water. Non-alcoholic beverages: production and sales of branded water, ready-to-drink coffee, energy drink, green tea, fruit flavored drinks and dairy products. Food: restaurants and distribution of food and beverages; and Others: publishing and printing. Key revenue is generated from Beer. It operates in Thailand, which generates the majority of revenue, Vietnam, Malaysia, Myanmar, Singapore and others.
58GF Score

Get the complete analysis for TBVPF

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

$0.34
Price
$0.40
GF Value