Nippon Rietec Co (TSE:1938) EBIT: 円7,623 Mil (TTM As of Mar. 2026)

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TSE:1938 Nippon Rietec Co Ltd TSE:1938
74 GF Score
Price 円2,507.00
GF Value 円1,844.66
Valuation Significantly Overvalued
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What is Nippon Rietec Co EBIT?

Nippon Rietec Co TSE:1938 +1.91% 74 EBIT is 円7,623 Mil as of Mar. 2026. GuruFocus rates TSE:1938 with a GF Score™ of 74/100 and a GF Value™ of 円1,844.66 (Significantly Overvalued).

Nippon Rietec Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円6,001 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円7,623 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Rietec Co's annualized ROC % for the quarter that ended in Mar. 2026 was 10.48%. Nippon Rietec Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nippon Rietec Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.27%.


Nippon Rietec Co  (TSE:1938) EBIT Explanation

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

Nippon Rietec 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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=11277.288 * ( 1 - 24.02% )/( (82911.004 + 80569.055)/ 2 )
=8568.4834224/81740.0295
=10.48 %

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))
=99156.366 - 8381.101 - ( 7864.261 - max(0, 28611.194 - 59196.455+7864.261))
=82911.004

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))
=101335.561 - 12371.802 - ( 8394.704 - max(0, 25364.299 - 58734.813+8394.704))
=80569.055

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:

Nippon Rietec 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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12002.108/( ( (21523.376 + max(32221, 0)) + (21417.198 + max(24975.81, 0)) )/ 2 )
=12002.108/( ( 53744.376 + 46393.008 )/ 2 )
=12002.108/50068.692
=23.97 %

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)
=(46198.1 + 3393.559 + 1740.535) - (8381.101 + 0 + 10730.093)
=32221

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48217.88 + 1427.232 + 694.99700000001) - (12371.802 + 0 + 12992.497)
=24975.81

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=7623.203/53439.349
=14.27 %

* 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.


Nippon Rietec Co EBIT Related Terms


Nippon Rietec Co EBIT Historical Data

* Premium members only.

The historical data trend for Nippon Rietec 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.

Nippon Rietec Co EBIT Chart

Nippon Rietec 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 3,603.01 3,132.65 3,956.53 6,567.37 7,623.20

Nippon Rietec Co Semi-Annual Data
Sep16 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 3,966.03 1,111.86 5,455.51 1,622.15 6,001.05

TSE:1938 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Nippon Rietec 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.


Nippon Rietec Co EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Nippon Rietec Co's EV-to-EBIT distribution charts can be found below:

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


TSE:1938
74GF Score
Nippon Rietec Co Ltd TSE:1938
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Rietec 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 semi-annually data reported by the company within the most recent 12 months, which was 円7,623 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 円7,623 Mil mean?
Nippon Rietec Co (TSE:1938) has a EBIT of 円7,623 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nippon Rietec Co.
Is Nippon Rietec Co's EBIT too high?
Nippon Rietec Co's current EBIT is 円7,623 Mil. Overall, Nippon Rietec Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Rietec Co's EBIT compare to PWR and FIX?
Nippon Rietec Co's EBIT of 円7,623 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 Nippon Rietec Co. Nippon Rietec Co's current EBIT is 円7,623 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Rietec Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Rietec Co (TSE:1938) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,844.66, compared to a current price of 円2,507.00 — trading 35.9% above its estimated fair value. The current EBIT is 円7,623 Mil. Nippon Rietec Co's overall GF Score™ is 74/100. 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 Nippon Rietec Co (TSE:1938), the current EBIT is 円7,623 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 Nippon Rietec Co (TSE:1938) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Rietec Co stock appears to be overvalued. The current stock price of 円2,507.00 is trading 35.9% above its estimated GF Value™ of 円1,844.66. GuruFocus considers Nippon Rietec Co to be Significantly Overvalued.

Key valuation signals for TSE:1938:

  • EBIT: 円7,623 Mil
  • GF Value™: 円1,844.66 vs. price of 円2,507.00 (35.9% above fair value)
  • GF Score™: 74/100

No single metric tells the full story. See the TSE:1938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Rietec Co Business Description

Address 6, Kanda Jincho-cho, Chiyoda-ku, Tokyo, JPN, 101-0054
Nippon Rietec Co Ltd manufactures and sales electrical equipment for various divisions. The company operates in four business divisions including Railway electrical equipment construction, Road equipment, Indoor and outdoor electrical equipment construction and Transmission line construction. Its product offering includes signal equipment, train line equipment, power generation equipment, electric power equipment, distribution line equipment, telecommunication equipment, road information control system, road signs, sound insulation walls, road lighting equipment, aircraft lighting equipment, disaster prevention equipment construction, sanitation equipment construction, machinery equipment facility construction, civil engineering work, and waterproofing construction.
74GF Score

Get the complete analysis for TSE:1938

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

円2,507.00
Price
円1,844.66
GF Value