Awa Paper & Technological Co (TSE:3896) EBIT: 円1,422 Mil (TTM As of Mar. 2026)

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TSE:3896 Awa Paper & Technological Co Inc TSE:3896
56 GF Score
Price 円366.00
GF Value 円499.08
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Awa Paper & Technological Co EBIT?

Awa Paper & Technological Co TSE:3896 -0.27% 56 EBIT is 円1,422 Mil as of Mar. 2026. GuruFocus rates TSE:3896 with a GF Score™ of 56/100 and a GF Value™ of 円499.08 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Awa Paper & Technological Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円1,609 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,422 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Awa Paper & Technological Co's annualized ROC % for the quarter that ended in Mar. 2026 was 1.95%. Awa Paper & Technological Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Awa Paper & Technological Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.74%.

Awa Paper & Technological Co  (TSE:3896) EBIT Explanation

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

Awa Paper & Technological 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 )
=569.034 * ( 1 - 14.23% )/( (24649.758 + 25400.442)/ 2 )
=488.0604618/25025.1
=1.95 %

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))
=26634.677 - 1339.498 - ( 1453.688 - max(0, 8022.753 - 8668.174+1453.688))
=24649.758

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))
=28997.17 - 1935.24 - ( 1850.605 - max(0, 9215.383 - 10876.871+1850.605))
=25400.442

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:

Awa Paper & Technological 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 )
=3218.908/( ( (16809.845 + max(3140.821, 0)) + (16523.581 + max(4191.975, 0)) )/ 2 )
=3218.908/( ( 19950.666 + 20715.556 )/ 2 )
=3218.908/20333.111
=15.83 %

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)
=(3162.513 + 3545.29 + 506.683) - (1339.498 + 0 + 2734.167)
=3140.821

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3263.12 + 4165.111 + 1598.035) - (1935.24 + 0 + 2899.051)
=4191.975

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:

Awa Paper & Technological Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1422.165/18380.863
=7.74 %

* 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.

Awa Paper & Technological Co EBIT Related Terms

Awa Paper & Technological Co EBIT Historical Data

* Premium members only.

The historical data trend for Awa Paper & Technological 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.

Awa Paper & Technological Co EBIT Chart

Awa Paper & Technological 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 303.20 -103.05 280.95 340.89 1,422.17

Awa Paper & Technological 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 188.91 -12.53 353.42 -187.29 1,609.45

Awa Paper & Technological Co EBIT Competitor Comparison

For the Paper & Paper Products subindustry, Awa Paper & Technological 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.

Awa Paper & Technological Co EV-to-EBIT vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Awa Paper & Technological Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Awa Paper & Technological Co's EV-to-EBIT falls into.


TSE:3896
56GF Score
Awa Paper & Technological Co Inc TSE:3896
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Awa Paper & Technological 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1,422 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1,422 Mil mean?
Awa Paper & Technological Co (TSE:3896) has a EBIT of 円1,422 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Awa Paper & Technological Co.
Is Awa Paper & Technological Co's EBIT too high?
Awa Paper & Technological Co's current EBIT is 円1,422 Mil. Overall, Awa Paper & Technological Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Awa Paper & Technological Co's EBIT compare to competitors?
Awa Paper & Technological Co's EBIT of 円1,422 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good EBIT depends on the Forest Products 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 Awa Paper & Technological Co. Awa Paper & Technological Co's current EBIT is 円1,422 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Awa Paper & Technological Co stock overvalued right now?
Based on GuruFocus' analysis, Awa Paper & Technological Co (TSE:3896) is currently considered Modestly Undervalued. The stock's GF Value™ is 円499.08, compared to a current price of 円366.00 — trading 26.7% below its estimated fair value. The current EBIT is 円1,422 Mil. Awa Paper & Technological Co's overall GF Score™ is 56/100 with 7 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 Awa Paper & Technological Co (TSE:3896), the current EBIT is 円1,422 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 Awa Paper & Technological Co (TSE:3896) Overvalued in 2026?

Based on GuruFocus' analysis, Awa Paper & Technological Co stock appears to be undervalued. The current stock price of 円366.00 is trading 26.7% below its estimated GF Value™ of 円499.08. GuruFocus considers Awa Paper & Technological Co to be Modestly Undervalued.

Key valuation signals for TSE:3896:

  • EBIT: 円1,422 Mil
  • GF Value™: 円499.08 vs. price of 円366.00 (26.7% below fair value)
  • GF Score™: 56/100 with 7 warning signs

No single metric tells the full story. See the TSE:3896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Awa Paper & Technological Co Business Description

Address 3-10-18, Minamiyasocho, Tokushima-shi, Tokushima, JPN, 770-0005
Awa Paper & Technological Co Inc is engaged in manufacturing and selling papers. The company provides air filter media, polyolefin sheets, base papers, cabin filter media, heat radiation sheets and fins, carbon fiber reinforced plastics, ceramic sheets, and cushion papers, as well as graphitic, carbon fiber, activated carbon fiber, and activated carbon.
56GF Score

Get the complete analysis for TSE:3896

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

円366.00
Price
円499.08
GF Value