TONX (TON Strategy Co) EBIT: $-150.07 Mil (TTM As of Mar. 2026)


TONX TON Strategy Co TONX
50 GF Score
Price $2.46
GF Value $17.74
Valuation Possible Value Trap
! 4 Warning Signs
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What is TON Strategy Co EBIT?

TON Strategy Co TONX -4.28% 50 EBIT is $-150.07 Mil as of Mar. 2026. GuruFocus rates TONX with a GF Score™ of 50/100 and a GF Value™ of $17.74 (Possible Value Trap). The stock has 4 warning signs investors should review.

TON Strategy Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-3.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-150.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TON Strategy Co's annualized ROC % for the quarter that ended in Mar. 2026 was -4.74%. TON Strategy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4,116.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TON Strategy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -143.69%.


TON Strategy Co  (NAS:TONX) EBIT Explanation

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

TON Strategy 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 )
=-15.54 * ( 1 - 0% )/( (369.829 + 285.868)/ 2 )
=-15.54/327.8485
=-4.74 %

where

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

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

TON Strategy 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 )
=-15.54/( ( (0.389 + max(-2.323, 0)) + (0.366 + max(-3.088, 0)) )/ 2 )
=-15.54/( ( 0.389 + 0.366 )/ 2 )
=-15.54/0.3775
=-4,116.56 %

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)
=(0.441 + 0 + 1.696) - (3.56 + 0.155 + 0.745)
=-2.323

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.438 + 0 + 1.405) - (3.471 + 0.036 + 1.424)
=-3.088

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-150.072/104.442
=-143.69 %

* 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.


TON Strategy Co EBIT Related Terms


TON Strategy Co EBIT Historical Data

* Premium members only.

The historical data trend for TON Strategy 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.

TON Strategy Co EBIT Chart

TON Strategy 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 -31.91 -14.55 -13.65 -10.27 -148.62

TON Strategy 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 -2.66 -2.61 99.12 -242.71 -3.89

TONX vs KLTR, IMMR, SMRT: EBIT Comparison

For the Software - Application subindustry, TON Strategy 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.


TON Strategy Co EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, TON Strategy Co's EV-to-EBIT distribution charts can be found below:

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


TONX
50GF Score
TON Strategy Co TONX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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TON Strategy 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 $-150.07 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 $-150.07 Mil mean?
TON Strategy Co (TONX) has a EBIT of $-150.07 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TON Strategy Co.
Is TON Strategy Co's EBIT too high?
TON Strategy Co's current EBIT is $-150.07 Mil. Overall, TON Strategy Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's EBIT compare to KLTR and IMMR?
TON Strategy Co's EBIT of $-150.07 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 TON Strategy Co. TON Strategy Co's current EBIT is $-150.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $17.74, compared to a current price of $2.46 — trading 86.1% below its estimated fair value. The current EBIT is $-150.07 Mil. TON Strategy Co's overall GF Score™ is 50/100 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 TON Strategy Co (TONX), the current EBIT is $-150.07 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 TON Strategy Co (TONX) Overvalued in 2026?

Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued. The current stock price of $2.46 is trading 86.1% below its estimated GF Value™ of $17.74. GuruFocus considers TON Strategy Co to be Possible Value Trap.

Key valuation signals for TONX:

  • EBIT: $-150.07 Mil
  • GF Value™: $17.74 vs. price of $2.46 (86.1% below fair value)
  • GF Score™: 50/100 with 4 warning signs

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


TON Strategy Co Business Description

Other Exchanges 37V:Germany
Address 2300 West Sahara Avenue, Suite 800, Las Vegas, NV, USA, 89102
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
50GF Score

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

$2.46
Price
$17.74
GF Value