Are Holdings (TSE:5857) EBIT: 円37,957 Mil (TTM As of Mar. 2026)


TSE:5857 Are Holdings Inc TSE:5857
85 GF Score
Price 円2,915.00
GF Value 円3,886.03
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Are Holdings EBIT?

Are Holdings TSE:5857 +1.92% 85 EBIT is 円37,957 Mil as of Mar. 2026. GuruFocus rates TSE:5857 with a GF Score™ of 85/100 and a GF Value™ of 円3,886.03 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Are Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円9,107 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円37,957 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Are Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 3.34%. Are Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Are Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.23%.


Are Holdings  (TSE:5857) EBIT Explanation

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

Are Holdings'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=31760 * ( 1 - 40.11% )/( (723457 + 415089)/ 2 )
=19021.064/569273
=3.34 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Are Holdings'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=36428/( ( (40958 + max(571211, 0)) + (41800 + max(295961, 0)) )/ 2 )
=36428/( ( 612169 + 337761 )/ 2 )
=36428/474965
=7.67 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(667479 + 107828 + 51323) - (180849 + 0 + 74570)
=571211

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(315302 + 122415 + 36566) - (137584 + 0 + 40738)
=295961

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=37957/371015.270
=10.23 %

* 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.


Are Holdings EBIT Related Terms


Are Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Are Holdings'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.

Are Holdings EBIT Chart

Are Holdings 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 27,262.00 13,444.00 13,503.00 20,677.00 37,957.00

Are Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 5,039.00 6,262.00 9,133.00 13,455.00 9,107.00

TSE:5857 vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Are Holdings'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.


Are Holdings EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Are Holdings's EV-to-EBIT distribution charts can be found below:

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


TSE:5857
85GF Score
Are Holdings Inc TSE:5857
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Are Holdings 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 quarterly data reported by the company within the most recent 12 months, which was 円37,957 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37,957 Mil mean?
Are Holdings (TSE:5857) has a EBIT of 円37,957 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Are Holdings.
Is Are Holdings' EBIT too high?
Are Holdings' current EBIT is 円37,957 Mil. Overall, Are Holdings has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Are Holdings' EBIT compare to WM and RSG?
Are Holdings' EBIT of 円37,957 Mil can be compared against companies in the Waste Management 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 Waste Management company?
A good EBIT depends on the Waste Management 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 Are Holdings. Are Holdings's current EBIT is 円37,957 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Are Holdings stock overvalued right now?
Based on GuruFocus' analysis, Are Holdings (TSE:5857) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,886.03, compared to a current price of 円2,915.00 — trading 25% below its estimated fair value. The current EBIT is 円37,957 Mil. Are Holdings' overall GF Score™ is 85/100 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 Are Holdings (TSE:5857), the current EBIT is 円37,957 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 Are Holdings (TSE:5857) Overvalued in 2026?

Based on GuruFocus' analysis, Are Holdings stock appears to be undervalued. The current stock price of 円2,915.00 is trading 25% below its estimated GF Value™ of 円3,886.03. GuruFocus considers Are Holdings to be Modestly Undervalued.

Key valuation signals for TSE:5857:

  • EBIT: 円37,957 Mil
  • GF Value™: 円3,886.03 vs. price of 円2,915.00 (25% below fair value)
  • GF Score™: 85/100 with 7 warning signs

No single metric tells the full story. See the TSE:5857 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Are Holdings Business Description

Other Exchanges A19:Germany
Address Nissay Sannomiya Bldg., 4-4-17, Kano-cho, Chuo-ku, Kobe, JPN, 650-0001
Are Holdings Inc formerly Asahi Holdings Inc is operative in the Japanese waste management industry. The company's principal interest lies in the precious metals recycling activities. This segment deals with the recycling and sale of precious metals and rare metals, including gold, silver, palladium, platinum, and indium, which are refined from precious metal-containing scraps inclusive of electronic materials, dental materials, jewelry manufacture and automobile catalysts. Asahi's secondary line of business is responsible for the collection, transportation and intermediate treatment of industrial wastes, such as waste acids, waste alkalis, waste oil, sludge, waste drugs and infectious medical wastes.
85GF Score

Get the complete analysis for TSE:5857

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

円2,915.00
Price
円3,886.03
GF Value