Keyence (TSE:6861) EBIT: 円595,759 Mil (TTM As of Mar. 2026)


TSE:6861 Keyence Corp TSE:6861
100 GF Score
Price 円77,100.00
GF Value 円76,584.50
Valuation Fairly Valued
! 4 Warning Signs
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What is Keyence EBIT?

Keyence TSE:6861 -0.35% 100 EBIT is 円595,759 Mil as of Mar. 2026. GuruFocus rates TSE:6861 with a GF Score™ of 100/100 and a GF Value™ of 円76,584.50 (Fairly Valued). The stock has 4 warning signs investors should review.

Keyence's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円179,378 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円595,759 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Keyence's annualized ROC % for the quarter that ended in Mar. 2026 was 24.15%. Keyence's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 180.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Keyence's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.46%.


Keyence  (TSE:6861) EBIT Explanation

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

Keyence'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 )
=717512 * ( 1 - 30.25% )/( (2081823 + 2063545)/ 2 )
=500464.62/2072684
=24.15 %

where

Invested Capital(Q: Dec. 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))
=3478645 - 62810 - ( 1334012 - max(0, 131496 - 1782006+1334012))
=2081823

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))
=3670655 - 113221 - ( 1493889 - max(0, 187831 - 1979505+1493889))
=2063545

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

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

Keyence'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 )
=717512/( ( (84511 + max(316498, 0)) + (94718 + max(297785, 0)) )/ 2 )
=717512/( ( 401009 + 392503 )/ 2 )
=717512/396756
=180.84 %

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)
=(342170 + 87875 + 17949) - (62810 + 0 + 68686)
=316498

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(379590 + 85273 + 20753) - (113221 + 0 + 74610)
=297785

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=595759/17204798.986
=3.46 %

* 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.


Keyence EBIT Related Terms


Keyence EBIT Historical Data

* Premium members only.

The historical data trend for Keyence'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.

Keyence EBIT Chart

Keyence Annual Data
Trend Mar15 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 418,045.00 498,915.00 495,014.00 549,775.00 595,759.00

Keyence 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 152,741.00 129,301.00 142,879.00 144,201.00 179,378.00

TSE:6861 vs COHR, KEYS, GRMN: EBIT Comparison

For the Scientific & Technical Instruments subindustry, Keyence'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.


Keyence EV-to-EBIT vs Hardware Industry

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

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


TSE:6861
100GF Score
Keyence Corp TSE:6861
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Keyence 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595,759 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595,759 Mil mean?
Keyence (TSE:6861) has a EBIT of 円595,759 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Keyence.
Is Keyence's EBIT too high?
Keyence's current EBIT is 円595,759 Mil. Overall, Keyence has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Keyence's EBIT compare to COHR and KEYS?
Keyence's EBIT of 円595,759 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Keyence. Keyence's current EBIT is 円595,759 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyence stock overvalued right now?
Based on GuruFocus' analysis, Keyence (TSE:6861) is currently considered Fairly Valued. The stock's GF Value™ is 円76,584.50, compared to a current price of 円77,100.00 — trading 0.7% above its estimated fair value. The current EBIT is 円595,759 Mil. Keyence's overall GF Score™ is 100/100 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 Keyence (TSE:6861), the current EBIT is 円595,759 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 Keyence (TSE:6861) Overvalued in 2026?

Based on GuruFocus' analysis, Keyence stock appears to be overvalued. The current stock price of 円77,100.00 is trading 0.7% above its estimated GF Value™ of 円76,584.50. GuruFocus considers Keyence to be Fairly Valued.

Key valuation signals for TSE:6861:

  • EBIT: 円595,759 Mil
  • GF Value™: 円76,584.50 vs. price of 円77,100.00 (0.7% above fair value)
  • GF Score™: 100/100 with 4 warning signs

No single metric tells the full story. See the TSE:6861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keyence Business Description

Address 1-3-14 Higashinakajima, Higashiyodogawa-ku, Osaka, JPN, 533-8555
Keyence Corporation, founded in May 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, began as Lead Electric Co., Ltd. before rebranding to Keyence (derived from "KEY of sciENCE") in 1986. As a global leader in industrial automation, the company designs and manufactures a comprehensive range of high-precision products, including sensors (photoelectric, laser, proximity), machine vision systems, measurement instruments (laser displacement sensors, 3D scanners), control systems (PLCs, HMIs), laser markers, digital microscopes, and safety equipment.
100GF Score

Get the complete analysis for TSE:6861

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

円77,100.00
Price
円76,584.50
GF Value