System Integrator (TSE:3826) EBIT: 円649 Mil (TTM As of Feb. 2026)

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TSE:3826 System Integrator Corp TSE:3826
76 GF Score
Price 円451.00
GF Value 円485.36
Valuation Fairly Valued
! 2 Warning Signs
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What is System Integrator EBIT?

System Integrator TSE:3826 -0.22% 76 EBIT is 円649 Mil as of Feb. 2026. GuruFocus rates TSE:3826 with a GF Score™ of 76/100 and a GF Value™ of 円485.36 (Fairly Valued). The stock has 2 warning signs investors should review.

System Integrator's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was 円319 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円649 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. System Integrator's annualized ROC % for the quarter that ended in Feb. 2026 was 26.24%. System Integrator's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 550.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. System Integrator's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 37.79%.


System Integrator  (TSE:3826) EBIT Explanation

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

System Integrator's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=680.152 * ( 1 - 21.17% )/( (2028.367 + 2058.197)/ 2 )
=536.1638216/2043.282
=26.24 %

where

Invested Capital(Q: Aug. 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))
=5531.862 - 270.737 - ( 3232.758 - max(0, 1250.777 - 4674.172+3232.758))
=2028.367

Invested Capital(Q: Feb. 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))
=5681.503 - 397.618 - ( 3225.688 - max(0, 1166.093 - 4845.069+3225.688))
=2058.197

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

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

System Integrator's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=637.016/( ( (117.651 + max(-585.895, 0)) + (113.585 + max(-408.319, 0)) )/ 2 )
=637.016/( ( 117.651 + 113.585 )/ 2 )
=637.016/115.618
=550.97 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(412.296 + 31.949 + 217.517) - (270.737 + 0 + 976.92)
=-585.895

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(532.734 + 26.758 + 195.162) - (397.618 + 0 + 765.355)
=-408.319

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=648.534/1716.178
=37.79 %

* 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.


System Integrator EBIT Related Terms


System Integrator EBIT Historical Data

* Premium members only.

The historical data trend for System Integrator'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.

System Integrator EBIT Chart

System Integrator Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 587.22 406.85 328.50 835.52 648.53

System Integrator Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 124.82 98.48 737.05 330.03 318.51

TSE:3826 vs UBER, SHOP, CRM: EBIT Comparison

For the Software - Application subindustry, System Integrator'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.


System Integrator EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, System Integrator's EV-to-EBIT distribution charts can be found below:

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


TSE:3826
76GF Score
System Integrator Corp TSE:3826
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

System Integrator 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円649 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649 Mil mean?
System Integrator (TSE:3826) has a EBIT of 円649 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on System Integrator.
Is System Integrator's EBIT too high?
System Integrator's current EBIT is 円649 Mil. Overall, System Integrator has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does System Integrator's EBIT compare to UBER and SHOP?
System Integrator's EBIT of 円649 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 System Integrator. System Integrator's current EBIT is 円649 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System Integrator stock overvalued right now?
Based on GuruFocus' analysis, System Integrator (TSE:3826) is currently considered Fairly Valued. The stock's GF Value™ is 円485.36, compared to a current price of 円451.00 — trading 7.1% below its estimated fair value. The current EBIT is 円649 Mil. System Integrator's overall GF Score™ is 76/100 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 System Integrator (TSE:3826), the current EBIT is 円649 Mil as of Feb. 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 System Integrator (TSE:3826) Overvalued in 2026?

Based on GuruFocus' analysis, System Integrator stock appears to be undervalued. The current stock price of 円451.00 is trading 7.1% below its estimated GF Value™ of 円485.36. GuruFocus considers System Integrator to be Fairly Valued.

Key valuation signals for TSE:3826:

  • EBIT: 円649 Mil
  • GF Value™: 円485.36 vs. price of 円451.00 (7.1% below fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the TSE:3826 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


System Integrator Business Description

Address 11-2 Shintoshin, Chuo-ku, 32nd Floor, Land Axis Tower, Meiji Yasuda Life Saitama Shintoshin Building, Saitama City, JPN, 330-6032
System Integrator Corp is engaged in the development of package software and cloud service in Japan. It focuses on develop packages, customize development, cloud services, consulting and other products. It sells a wide variety of in-house products such as ERP, EC, Omni Channel, project management, database development, and design support tool, application design tool, and e-learning.
76GF Score

Get the complete analysis for TSE:3826

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

円451.00
Price
円485.36
GF Value