Adjuvant Holdings Co (TSE:4929) EBIT: 円171 Mil (TTM As of Mar. 2026)


TSE:4929 Adjuvant Holdings Co Ltd TSE:4929
66 GF Score
Price 円717.00
GF Value 円736.83
Valuation Fairly Valued
! 2 Warning Signs
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What is Adjuvant Holdings Co EBIT?

Adjuvant Holdings Co TSE:4929 66 EBIT is 円171 Mil as of Mar. 2026. GuruFocus rates TSE:4929 with a GF Score™ of 66/100 and a GF Value™ of 円736.83 (Fairly Valued). The stock has 2 warning signs investors should review.

Adjuvant Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円193 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円171 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adjuvant Holdings Co's annualized ROC % for the quarter that ended in Mar. 2026 was 7.86%. Adjuvant Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adjuvant Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.71%.


Adjuvant Holdings Co  (TSE:4929) EBIT Explanation

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

Adjuvant Holdings 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 )
=385.222 * ( 1 - 41.31% )/( (3050.204 + 2699.784)/ 2 )
=226.0867918/2874.994
=7.86 %

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))
=5019.41 - 134.992 - ( 1834.214 - max(0, 491.27 - 3170.401+1834.214))
=3050.204

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))
=5148.348 - 314.479 - ( 2134.085 - max(0, 497.919 - 3366.179+2134.085))
=2699.784

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:

Adjuvant Holdings 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 )
=385.222/( ( (1314.61 + max(844.917, 0)) + (1291.425 + max(742.061, 0)) )/ 2 )
=385.222/( ( 2159.527 + 2033.486 )/ 2 )
=385.222/2096.5065
=18.37 %

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)
=(385.648 + 892.055 + 58.484) - (134.992 + 0 + 356.278)
=844.917

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(303.058 + 849.98 + 79.056) - (314.479 + 0 + 175.554)
=742.061

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:

Adjuvant Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=170.715/3623.926
=4.71 %

* 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.


Adjuvant Holdings Co EBIT Related Terms


Adjuvant Holdings Co EBIT Historical Data

* Premium members only.

The historical data trend for Adjuvant Holdings 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.

Adjuvant Holdings Co EBIT Chart

Adjuvant Holdings 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 390.36 232.69 -1.43 126.60 170.72

Adjuvant Holdings 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 91.24 55.33 71.27 -21.90 192.61

TSE:4929 vs PG, CL, KVUE: EBIT Comparison

For the Household & Personal Products subindustry, Adjuvant Holdings 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.


Adjuvant Holdings Co EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Adjuvant Holdings Co's EV-to-EBIT distribution charts can be found below:

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


TSE:4929
66GF Score
Adjuvant Holdings Co Ltd TSE:4929
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Adjuvant Holdings 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171 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171 Mil mean?
Adjuvant Holdings Co (TSE:4929) has a EBIT of 円171 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Adjuvant Holdings Co.
Is Adjuvant Holdings Co's EBIT too high?
Adjuvant Holdings Co's current EBIT is 円171 Mil. Overall, Adjuvant Holdings Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adjuvant Holdings Co's EBIT compare to PG and CL?
Adjuvant Holdings Co's EBIT of 円171 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Adjuvant Holdings Co. Adjuvant Holdings Co's current EBIT is 円171 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adjuvant Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Adjuvant Holdings Co (TSE:4929) is currently considered Fairly Valued. The stock's GF Value™ is 円736.83, compared to a current price of 円717.00 — trading 2.7% below its estimated fair value. The current EBIT is 円171 Mil. Adjuvant Holdings Co's overall GF Score™ is 66/100 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 Adjuvant Holdings Co (TSE:4929), the current EBIT is 円171 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 Adjuvant Holdings Co (TSE:4929) Overvalued in 2026?

Based on GuruFocus' analysis, Adjuvant Holdings Co stock appears to be undervalued. The current stock price of 円717.00 is trading 2.7% below its estimated GF Value™ of 円736.83. GuruFocus considers Adjuvant Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4929:

  • EBIT: 円171 Mil
  • GF Value™: 円736.83 vs. price of 円717.00 (2.7% below fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the TSE:4929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adjuvant Holdings Co Business Description

Address 5-5-5 Shimoyamatedori, Chuo-ku, Hyogo Prefecture, Kobe City, JPN, 650-0011
Adjuvant Holdings Co Ltd, formerly Adjuvant Cosme Japan Co Ltd is engaged in the research, development, production, and sale of cosmetics in Japan. It offers skin care products, including cleansing products, facial cleansers, lotions, beauty essences, masks, moisturizing creams, makeup bases, makeup, and body care products among other products.
66GF Score

Get the complete analysis for TSE:4929

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

円717.00
Price
円736.83
GF Value