First Baking Co (TSE:2215) EBIT: 円368 Mil (TTM As of Dec. 2025)


TSE:2215 First Baking Co Ltd TSE:2215
63 GF Score
Price 円600.00
GF Value 円660.11
Valuation Fairly Valued
! 2 Warning Signs
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What is First Baking Co EBIT?

First Baking Co TSE:2215 63 EBIT is 円368 Mil as of Dec. 2025. GuruFocus rates TSE:2215 with a GF Score™ of 63/100 and a GF Value™ of 円660.11 (Fairly Valued). The stock has 2 warning signs investors should review.

First Baking Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was 円0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was 円368 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Baking Co's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. First Baking Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Baking Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 24.52%.


First Baking Co  (TSE:2215) EBIT Explanation

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

First Baking Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=0 * ( 1 - 0% )/( (10637 + 11159)/ 2 )
=0/10898
=0.00 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

First Baking Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (7824 + max(567, 0)) + (8247 + max(345, 0)) )/ 2 )
=0/( ( 8391 + 8592 )/ 2 )
=0/8491.5
=0.00 %

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)
=(2834 + 600 + 32) - (1182 + 0 + 1717)
=567

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3810 + 722 + 63) - (2179 + 0 + 2071)
=345

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=368/1501.035
=24.52 %

* 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.


First Baking Co EBIT Related Terms


First Baking Co EBIT Historical Data

* Premium members only.

The historical data trend for First Baking 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.

First Baking Co EBIT Chart

First Baking 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 -668.00 -1,078.00 546.00 1,849.00 462.00

First Baking Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 75.00 72.00 0.00 0.00 296.00

TSE:2215 vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, First Baking 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.


First Baking Co EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Baking Co's EV-to-EBIT distribution charts can be found below:

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


TSE:2215
63GF Score
First Baking Co Ltd TSE:2215
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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First Baking 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円368 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368 Mil mean?
First Baking Co (TSE:2215) has a EBIT of 円368 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Baking Co.
Is First Baking Co's EBIT too high?
First Baking Co's current EBIT is 円368 Mil. Overall, First Baking Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Baking Co's EBIT compare to KHC and GIS?
First Baking Co's EBIT of 円368 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 First Baking Co. First Baking Co's current EBIT is 円368 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Baking Co stock overvalued right now?
Based on GuruFocus' analysis, First Baking Co (TSE:2215) is currently considered Fairly Valued. The stock's GF Value™ is 円660.11, compared to a current price of 円600.00 — trading 9.1% below its estimated fair value. The current EBIT is 円368 Mil. First Baking Co's overall GF Score™ is 63/100 with 2 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 First Baking Co (TSE:2215), the current EBIT is 円368 Mil as of Dec. 2025. 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 First Baking Co (TSE:2215) Overvalued in 2026?

Based on GuruFocus' analysis, First Baking Co stock appears to be undervalued. The current stock price of 円600.00 is trading 9.1% below its estimated GF Value™ of 円660.11. GuruFocus considers First Baking Co to be Fairly Valued.

Key valuation signals for TSE:2215:

  • EBIT: 円368 Mil
  • GF Value™: 円660.11 vs. price of 円600.00 (9.1% below fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the TSE:2215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Baking Co Business Description

Address 3-6-1 Kogawahigashi town, Kodaira, JPN
First Baking Co Ltd is engaged in manufacture and selling of packaged foods and bakery foods. The products of the company include sip wrapping series, mini croissant series, apple ring series, and large Danish series.
63GF Score

Get the complete analysis for TSE:2215

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

円600.00
Price
円660.11
GF Value