MAX Co (TSE:6454) EBIT: 円18,566 Mil (TTM As of Mar. 2026)

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TSE:6454 MAX Co Ltd TSE:6454
72 GF Score
Price 円1,712.00
GF Value 円1,102.84
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is MAX Co EBIT?

MAX Co TSE:6454 -0.75% 72 EBIT is 円18,566 Mil as of Mar. 2026. GuruFocus rates TSE:6454 with a GF Score™ of 72/100 and a GF Value™ of 円1,102.84 (Significantly Overvalued). The stock has 4 warning signs investors should review.

MAX Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円3,881 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円18,566 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MAX Co's annualized ROC % for the quarter that ended in Mar. 2026 was 13.98%. MAX Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MAX Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.98%.


MAX Co  (TSE:6454) EBIT Explanation

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

MAX 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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=15188 * ( 1 - 22.84% )/( (82251 + 85385)/ 2 )
=11719.0608/83818
=13.98 %

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:

MAX 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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=15524/( ( (27453 + max(18100, 0)) + (27398 + max(18977, 0)) )/ 2 )
=15524/( ( 45553 + 46375 )/ 2 )
=15524/45964
=33.77 %

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)
=(13709 + 14726 + 4365) - (5750 + 0 + 8950)
=18100

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14772 + 15471 + 4038) - (9182 + 0 + 6122)
=18977

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=18566/266131.186
=6.98 %

* 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.


MAX Co EBIT Related Terms


MAX Co EBIT Historical Data

* Premium members only.

The historical data trend for MAX 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.

MAX Co EBIT Chart

MAX 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 8,306.00 10,341.00 13,734.00 15,233.00 18,566.00

MAX Co 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 2,597.00 5,014.00 4,936.00 4,735.00 3,881.00

TSE:6454 vs SNA, RBC, LECO: EBIT Comparison

For the Tools & Accessories subindustry, MAX 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.


MAX Co EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, MAX Co's EV-to-EBIT distribution charts can be found below:

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


TSE:6454
72GF Score
MAX Co Ltd TSE:6454
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MAX 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 quarterly data reported by the company within the most recent 12 months, which was 円18,566 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18,566 Mil mean?
MAX Co (TSE:6454) has a EBIT of 円18,566 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MAX Co.
Is MAX Co's EBIT too high?
MAX Co's current EBIT is 円18,566 Mil. Overall, MAX Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MAX Co's EBIT compare to SNA and RBC?
MAX Co's EBIT of 円18,566 Mil can be compared against companies in the Industrial 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 an Industrial Products company?
A good EBIT depends on the Industrial 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 MAX Co. MAX Co's current EBIT is 円18,566 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAX Co stock overvalued right now?
Based on GuruFocus' analysis, MAX Co (TSE:6454) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,102.84, compared to a current price of 円1,712.00 — trading 55.2% above its estimated fair value. The current EBIT is 円18,566 Mil. MAX Co's overall GF Score™ is 72/100 with 4 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 MAX Co (TSE:6454), the current EBIT is 円18,566 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 MAX Co (TSE:6454) Overvalued in 2026?

Based on GuruFocus' analysis, MAX Co stock appears to be overvalued. The current stock price of 円1,712.00 is trading 55.2% above its estimated GF Value™ of 円1,102.84. GuruFocus considers MAX Co to be Significantly Overvalued.

Key valuation signals for TSE:6454:

  • EBIT: 円18,566 Mil
  • GF Value™: 円1,102.84 vs. price of 円1,712.00 (55.2% above fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the TSE:6454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MAX Co Business Description

Address 6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502
MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.
72GF Score

Get the complete analysis for TSE:6454

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

円1,712.00
Price
円1,102.84
GF Value