TRAYF (Thai Rayon PCL) EBIT: $-48.8 Mil (TTM As of Mar. 2026)


TRAYF Thai Rayon PCL TRAYF
12 GF Score
Price $1.70
GF Value $2.77
! 5 Warning Signs
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What is Thai Rayon PCL EBIT?

Thai Rayon PCL TRAYF 12 EBIT is $-48.8 Mil as of Mar. 2026. GuruFocus rates TRAYF with a GF Score™ of 12/100 and a GF Value™ of $2.77. The stock has 5 warning signs investors should review.

Thai Rayon PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $1.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-48.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Rayon PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. Thai Rayon PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thai Rayon PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -23.05%.


Thai Rayon PCL  (OTCPK:TRAYF) EBIT Explanation

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

Thai Rayon PCL'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 )
=-16.712 * ( 1 - 100% )/( (1019.149 + 947.298)/ 2 )
=-0/983.2235
=0.00 %

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))
=1074.119 - 60.471 - ( 10.122 - max(0, 135.709 - 130.208+10.122))
=1019.149

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))
=1004.833 - 45.121 - ( 15.435 - max(0, 111.729 - 124.143+15.435))
=947.298

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

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

Thai Rayon PCL'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 )
=4.88/( ( (58.796 + max(41.128, 0)) + (55.682 + max(47.896, 0)) )/ 2 )
=4.88/( ( 99.924 + 103.578 )/ 2 )
=4.88/101.751
=4.80 %

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)
=(45.526 + 63.067 + 11.493) - (60.471 + 0 + 18.487)
=41.128

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.212 + 53.733 + 7.735) - (45.121 + 0 + 15.663)
=47.896

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-48.829/211.817
=-23.05 %

* 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 Rayon PCL EBIT Related Terms


Thai Rayon PCL EBIT Historical Data

* Premium members only.

The historical data trend for Thai Rayon PCL'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 Rayon PCL EBIT Chart

Thai Rayon PCL 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 109.24 17.57 -51.86 2.13 -48.47

Thai Rayon PCL 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 1.93 -21.45 -3.43 -25.17 1.22

Thai Rayon PCL EBIT Competitor Comparison

For the Textile Manufacturing subindustry, Thai Rayon PCL'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 Rayon PCL EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's EV-to-EBIT distribution charts can be found below:

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


TRAYF
12GF Score
Thai Rayon PCL TRAYF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Rayon PCL 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 $-48.8 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 $-48.8 Mil mean?
Thai Rayon PCL (TRAYF) has a EBIT of $-48.8 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thai Rayon PCL.
Is Thai Rayon PCL's EBIT too high?
Thai Rayon PCL's current EBIT is $-48.8 Mil. Overall, Thai Rayon PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Rayon PCL's EBIT compare to competitors?
Thai Rayon PCL's EBIT of $-48.8 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 Rayon PCL. Thai Rayon PCL's current EBIT is $-48.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Rayon PCL stock overvalued right now?
Thai Rayon PCL (TRAYF) has a current EBIT of $-48.8 Mil. The stock's GF Value™ is $2.77, compared to a current price of $1.70 — trading 38.6% below its estimated fair value. The current EBIT is $-48.8 Mil. Thai Rayon PCL's overall GF Score™ is 12/100 with 5 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 Rayon PCL (TRAYF), the current EBIT is $-48.8 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 Rayon PCL (TRAYF) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Rayon PCL stock appears to be undervalued. The current stock price of $1.70 is trading 38.6% below its estimated GF Value™ of $2.77.

Key valuation signals for TRAYF:

  • EBIT: $-48.8 Mil
  • GF Value™: $2.77 vs. price of $1.70 (38.6% below fair value)
  • GF Score™: 12/100 with 5 warning signs

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


Thai Rayon PCL Business Description

Address Ploenchit Road, 16th Floor, 888/160-1 Mahatun Plaza Building, Lumpini, Pathumwan, Bangkok, THA, 10330
Thai Rayon PCL is a company based in Thailand that mainly manufactures viscose rayon staple fiber and anhydrous sodium sulphate for sale in domestic and export markets. The company also produces anhydrous sodium sulphate as a by-product, which is widely used in Thailand by detergent, pulp, glass, leather, and textile industries. Thai Rayon has made investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as various diversification projects in Thailand and overseas. The company's operations focus on a single industry segment, which is the manufacturing and distribution of viscose rayon staple fiber and by-products for both domestic and export markets.
12GF Score

Get the complete analysis for TRAYF

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

$1.70
Price
$2.77
GF Value