TOPPY (Toppan Holdings) EBIT: $752 Mil (TTM As of Mar. 2026)


TOPPY Toppan Holdings Inc TOPPY
80 GF Score
Price $16.00
GF Value $15.12
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Toppan Holdings EBIT?

Toppan Holdings TOPPY +4.92% 80 EBIT is $752 Mil as of Mar. 2026. GuruFocus rates TOPPY with a GF Score™ of 80/100 and a GF Value™ of $15.12 (Fairly Valued). The stock has 7 warning signs investors should review.

Toppan Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $119 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $752 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Toppan Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 2.16%. Toppan Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Toppan Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.50%.


Toppan Holdings  (OTCPK:TOPPY) EBIT Explanation

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

Toppan 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 )
=562.028 * ( 1 - 53% )/( (12154.699 + 12353.792)/ 2 )
=264.15316/12254.2455
=2.16 %

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))
=15749.254 - 1183.292 - ( 2411.263 - max(0, 3703.486 - 6969.105+2411.263))
=12154.699

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))
=16121.379 - 986.15 - ( 2781.437 - max(0, 3965.48 - 7396.169+2781.437))
=12353.792

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

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

Toppan 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 )
=477.708/( ( (3967.04 + max(1958.432, 0)) + (4119.939 + max(1596.425, 0)) )/ 2 )
=477.708/( ( 5925.472 + 5716.364 )/ 2 )
=477.708/5820.918
=8.21 %

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)
=(2884.379 + 1185.3 + 488.163) - (1183.292 + 0 + 1416.118)
=1958.432

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3015.004 + 1144.025 + 455.703) - (986.15 + 0 + 2032.157)
=1596.425

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=751.947/10020.030
=7.50 %

* 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.


Toppan Holdings EBIT Related Terms


Toppan Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Toppan 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.

Toppan Holdings EBIT Chart

Toppan Holdings 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 1,559.57 851.86 873.73 1,278.90 719.92

Toppan 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 425.31 133.10 224.75 274.67 119.43

TOPPY vs HON, MMM: EBIT Comparison

For the Conglomerates subindustry, Toppan 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.


Toppan Holdings EV-to-EBIT vs Conglomerates Industry

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

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


TOPPY
80GF Score
Toppan Holdings Inc TOPPY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toppan 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 $752 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 $752 Mil mean?
Toppan Holdings (TOPPY) has a EBIT of $752 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Toppan Holdings.
Is Toppan Holdings' EBIT too high?
Toppan Holdings' current EBIT is $752 Mil. Overall, Toppan Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toppan Holdings' EBIT compare to HON and MMM?
Toppan Holdings' EBIT of $752 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 Toppan Holdings. Toppan Holdings's current EBIT is $752 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toppan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Toppan Holdings (TOPPY) is currently considered Fairly Valued. The stock's GF Value™ is $15.12, compared to a current price of $16.00 — trading 5.8% above its estimated fair value. The current EBIT is $752 Mil. Toppan Holdings' overall GF Score™ is 80/100 with 7 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 Toppan Holdings (TOPPY), the current EBIT is $752 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 Toppan Holdings (TOPPY) Overvalued in 2026?

Based on GuruFocus' analysis, Toppan Holdings stock appears to be overvalued. The current stock price of $16.00 is trading 5.8% above its estimated GF Value™ of $15.12. GuruFocus considers Toppan Holdings to be Fairly Valued.

Key valuation signals for TOPPY:

  • EBIT: $752 Mil
  • GF Value™: $15.12 vs. price of $16.00 (5.8% above fair value)
  • GF Score™: 80/100 with 7 warning signs

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


Toppan Holdings Business Description

Address 1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560
Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.
80GF Score

Get the complete analysis for TOPPY

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

$16.00
Price
$15.12
GF Value