Adways (TSE:2489) EBIT: 円597 Mil (TTM As of Dec. 2025)


TSE:2489 Adways Inc TSE:2489
68 GF Score
Price 円303.00
GF Value 円394.18
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Adways EBIT?

Adways TSE:2489 +1.68% 68 EBIT is 円597 Mil as of Dec. 2025. GuruFocus rates TSE:2489 with a GF Score™ of 68/100 and a GF Value™ of 円394.18 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Adways's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was 円292 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was 円597 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adways's annualized ROC % for the quarter that ended in Dec. 2025 was 12.32%. Adways's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 67.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adways's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 25.82%.


Adways  (TSE:2489) EBIT Explanation

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

Adways'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 )
=1168.216 * ( 1 - 34% )/( (6478.217 + 6037.701)/ 2 )
=771.02256/6257.959
=12.32 %

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))
=21703.089 - 6387.476 - ( 8837.396 - max(0, 7747.819 - 17552.218+8837.396))
=6478.217

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))
=22295.149 - 6333.162 - ( 9924.286 - max(0, 8072.212 - 18112.564+9924.286))
=6037.701

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

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

Adways'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 )
=1168.216/( ( (1235.438 + max(967.003, 0)) + (1139.256 + max(116.066, 0)) )/ 2 )
=1168.216/( ( 2202.441 + 1255.322 )/ 2 )
=1168.216/1728.8815
=67.57 %

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)
=(7258.709 + 3.322 + 1452.791) - (6387.476 + 0 + 1360.343)
=967.003

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7379.789 + 3.038 + 805.451) - (6333.162 + 0 + 1739.05)
=116.066

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=596.544/2310.426
=25.82 %

* 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.


Adways EBIT Related Terms


Adways EBIT Historical Data

* Premium members only.

The historical data trend for Adways'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.

Adways EBIT Chart

Adways Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,626.09 1,671.06 921.54 166.39 297.23

Adways 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 237.60 -260.67 28.25 292.05 536.91

TSE:2489 vs GOOGL, META, SPOT: EBIT Comparison

For the Internet Content & Information subindustry, Adways'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.


Adways EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Adways's EV-to-EBIT distribution charts can be found below:

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


TSE:2489
68GF Score
Adways Inc TSE:2489
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adways 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597 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597 Mil mean?
Adways (TSE:2489) has a EBIT of 円597 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Adways.
Is Adways' EBIT too high?
Adways' current EBIT is 円597 Mil. Overall, Adways has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adways' EBIT compare to GOOGL and META?
Adways' EBIT of 円597 Mil can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good EBIT depends on the Interactive Media 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 Adways. Adways's current EBIT is 円597 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adways stock overvalued right now?
Based on GuruFocus' analysis, Adways (TSE:2489) is currently considered Modestly Undervalued. The stock's GF Value™ is 円394.18, compared to a current price of 円303.00 — trading 23.1% below its estimated fair value. The current EBIT is 円597 Mil. Adways' overall GF Score™ is 68/100 with 3 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 Adways (TSE:2489), the current EBIT is 円597 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 Adways (TSE:2489) Overvalued in 2026?

Based on GuruFocus' analysis, Adways stock appears to be undervalued. The current stock price of 円303.00 is trading 23.1% below its estimated GF Value™ of 円394.18. GuruFocus considers Adways to be Modestly Undervalued.

Key valuation signals for TSE:2489:

  • EBIT: 円597 Mil
  • GF Value™: 円394.18 vs. price of 円303.00 (23.1% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the TSE:2489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adways Business Description

Other Exchanges A02:Germany
Address Sumitomo Fudousan Shinjuku OakTower 4th floor, Tokyo, JPN
Adways Inc engages in the provision of advertising services. It also deals with mobile applications and contents development for media advertising. Its operations include advertising business, applications and media business, overseas business. The advertising business covers primarily internet advertisements. The applications and media business develops and manages smartphone applications and media contents. The overseas business offers internet marketing services overseas.
68GF Score

Get the complete analysis for TSE:2489

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

円303.00
Price
円394.18
GF Value