IACE Travel (TSE:343A) EBIT: 円763 Mil (TTM As of Mar. 2026)

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TSE:343A IACE Travel Corp TSE:343A
20 GF Score
Price 円1,414.00
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What is IACE Travel EBIT?

IACE Travel TSE:343A +0.93% 20 EBIT is 円763 Mil as of Mar. 2026. GuruFocus rates TSE:343A with a GF Score™ of 20/100.

IACE Travel's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円343 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円763 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IACE Travel's annualized ROC % for the quarter that ended in Mar. 2026 was 13.87%. IACE Travel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IACE Travel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.63%.

IACE Travel  (TSE:343A) EBIT Explanation

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

IACE Travel'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 )
=687.884 * ( 1 - 26.69% )/( (3964.441 + 3309.314)/ 2 )
=504.2877604/3636.8775
=13.87 %

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))
=5749.571 - 951.71 - ( 833.42 - max(0, 1724.565 - 5433.726+833.42))
=3964.441

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))
=5774.877 - 937.284 - ( 1528.279 - max(0, 1476.95 - 5446.416+1528.279))
=3309.314

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:

IACE Travel'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 )
=686.436/( ( (1.396 + max(3263.912, 0)) + (1.209 + max(2274.406, 0)) )/ 2 )
=686.436/( ( 3265.308 + 2275.615 )/ 2 )
=686.436/2770.4615
=24.78 %

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)
=(4303.64 + 0 + 184.837) - (951.71 + 0 + 272.855)
=3263.912

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3550.227 + 0 + 201.129) - (937.284 + 0 + 539.666)
=2274.406

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=762.6/5213.390
=14.63 %

* 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.

IACE Travel EBIT Related Terms

IACE Travel EBIT Historical Data

* Premium members only.

The historical data trend for IACE Travel'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.

IACE Travel EBIT Chart

IACE Travel Annual Data
Trend Mar23 Mar24 Mar25 Mar26
EBIT
182.62 388.72 597.69 762.60

IACE Travel Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
EBIT Get a 7-Day Free Trial 0.00 271.37 326.33 419.38 343.22

TSE:343A vs BKNG, ABNB, RCL: EBIT Comparison

For the Travel Services subindustry, IACE Travel'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.

IACE Travel EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, IACE Travel's EV-to-EBIT distribution charts can be found below:

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


TSE:343A
20GF Score
IACE Travel Corp TSE:343A
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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IACE Travel 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763 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763 Mil mean?
IACE Travel (TSE:343A) has a EBIT of 円763 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on IACE Travel.
Is IACE Travel's EBIT too high?
IACE Travel's current EBIT is 円763 Mil. Overall, IACE Travel has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does IACE Travel's EBIT compare to BKNG and ABNB?
IACE Travel's EBIT of 円763 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 IACE Travel. IACE Travel's current EBIT is 円763 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IACE Travel stock overvalued right now?
IACE Travel (TSE:343A) has a current EBIT of 円763 Mil. The current EBIT is 円763 Mil. IACE Travel's overall GF Score™ is 20/100. 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 IACE Travel (TSE:343A), the current EBIT is 円763 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.

IACE Travel Business Description

Address 1-14-5 Nihombashi-Bakuro-cho, Chuo-ku, Tokyo, JPN, 103-0002
IACE Travel Corp is engaged in travel business that operates the cloud-based booking system Smart BTM and provides business travel management services.
20GF Score

Get the complete analysis for TSE:343A

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

円1,414.00
Price