Vario Secure (TSE:4494) EBIT: 円288 Mil (TTM As of Feb. 2026)


TSE:4494 Vario Secure Inc TSE:4494
50 GF Score
Price 円680.00
GF Value 円760.08
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Vario Secure EBIT?

Vario Secure TSE:4494 +3.98% 50 EBIT is 円288 Mil as of Feb. 2026. GuruFocus rates TSE:4494 with a GF Score™ of 50/100 and a GF Value™ of 円760.08 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Vario Secure's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was 円-26 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円288 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vario Secure's annualized ROC % for the quarter that ended in Feb. 2026 was -0.34%. Vario Secure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -6.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vario Secure's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 9.35%.

Vario Secure  (TSE:4494) EBIT Explanation

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

Vario Secure'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 )
=-22.562 * ( 1 - 0% )/( (6757.868 + 6578.863)/ 2 )
=-22.562/6668.3655
=-0.34 %

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))
=7813.171 - 215.746 - ( 839.557 - max(0, 719.551 - 1764.644+839.557))
=6757.868

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))
=7791.276 - 238.98 - ( 973.433 - max(0, 704.947 - 1868.672+973.433))
=6578.863

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:

Vario Secure'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 )
=-52.876/( ( (395.147 + max(405.536, 0)) + (346.083 + max(390.292, 0)) )/ 2 )
=-52.876/( ( 800.683 + 736.375 )/ 2 )
=-52.876/768.529
=-6.88 %

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)
=(511.142 + 222.057 + 191.888) - (215.746 + 0 + 303.805)
=405.536

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(528.946 + 208.894 + 157.399) - (238.98 + 0 + 265.967)
=390.292

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=287.968/3079.190
=9.35 %

* 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.

Vario Secure EBIT Related Terms

Vario Secure EBIT Historical Data

* Premium members only.

The historical data trend for Vario Secure'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.

Vario Secure EBIT Chart

Vario Secure Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial Premium Member Only 751.78 581.31 257.17 217.55 287.97

Vario Secure Semi-Annual Data
Feb18 Feb19 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 -33.71 273.45 -55.90 314.41 -26.44

TSE:4494 vs MSFT, ORCL, PLTR: EBIT Comparison

For the Software - Infrastructure subindustry, Vario Secure'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.

Vario Secure EV-to-EBIT vs Software Industry

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

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


TSE:4494
50GF Score
Vario Secure Inc TSE:4494
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Vario Secure 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288 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288 Mil mean?
Vario Secure (TSE:4494) has a EBIT of 円288 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vario Secure.
Is Vario Secure's EBIT too high?
Vario Secure's current EBIT is 円288 Mil. Overall, Vario Secure has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vario Secure's EBIT compare to MSFT and ORCL?
Vario Secure's EBIT of 円288 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 Vario Secure. Vario Secure's current EBIT is 円288 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vario Secure stock overvalued right now?
Based on GuruFocus' analysis, Vario Secure (TSE:4494) is currently considered Modestly Undervalued. The stock's GF Value™ is 円760.08, compared to a current price of 円680.00 — trading 10.5% below its estimated fair value. The current EBIT is 円288 Mil. Vario Secure's overall GF Score™ is 50/100 with 5 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 Vario Secure (TSE:4494), the current EBIT is 円288 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 Vario Secure (TSE:4494) Overvalued in 2026?

Based on GuruFocus' analysis, Vario Secure stock appears to be undervalued. The current stock price of 円680.00 is trading 10.5% below its estimated GF Value™ of 円760.08. GuruFocus considers Vario Secure to be Modestly Undervalued.

Key valuation signals for TSE:4494:

  • EBIT: 円288 Mil
  • GF Value™: 円760.08 vs. price of 円680.00 (10.5% below fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the TSE:4494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vario Secure Business Description

Address 1-6 Kanda Nishikicho, Chiyoda-ku, Tokyo, JPN, 101-0054
Vario Secure Inc is engaged in providing internet security services that protect the network environment of enterprises from various threats arising from internet usage, by utilizing its in-house developed security instruments and operating system. The company provides one-stop security services, from installation and implementation to operation, monitoring, and support, for small and medium-sized enterprises that struggle to spare dedicated personnel for IT issues, which are becoming increasingly sophisticated and complicated daily. The Company operates in a single segment, the Internet security services business.
50GF Score

Get the complete analysis for TSE:4494

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

円680.00
Price
円760.08
GF Value