Goldwin (TSE:8111) EBIT: 円32,197 Mil (TTM As of Mar. 2026)


TSE:8111 Goldwin Inc TSE:8111
85 GF Score
Price 円2,146.50
GF Value 円2,931.14
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Goldwin EBIT?

Goldwin TSE:8111 -1.01% 85 EBIT is 円32,197 Mil as of Mar. 2026. GuruFocus rates TSE:8111 with a GF Score™ of 85/100 and a GF Value™ of 円2,931.14 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Goldwin's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円10,686 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円32,197 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Goldwin's annualized ROC % for the quarter that ended in Mar. 2026 was 23.04%. Goldwin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 145.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Goldwin's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.38%.


Goldwin  (TSE:8111) EBIT Explanation

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

Goldwin'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 )
=28568 * ( 1 - 16.77% )/( (107250 + 99177)/ 2 )
=23777.1464/103213.5
=23.04 %

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:

Goldwin'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 )
=42744/( ( (14745 + max(14726, 0)) + (16308 + max(12999, 0)) )/ 2 )
=42744/( ( 29471 + 29307 )/ 2 )
=42744/29389
=145.44 %

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)
=(19220 + 21928 + 14464) - (10748 + 0 + 30138)
=14726

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16322 + 19740 + 8364) - (10553 + 0 + 20874)
=12999

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=32197/240709.369
=13.38 %

* 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.


Goldwin EBIT Related Terms


Goldwin EBIT Historical Data

* Premium members only.

The historical data trend for Goldwin'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.

Goldwin EBIT Chart

Goldwin 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 20,214.00 27,934.00 32,588.00 30,256.00 32,197.00

Goldwin 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 8,515.00 3,895.00 5,359.00 12,257.00 10,686.00

TSE:8111 vs RL, LEVI, VFC: EBIT Comparison

For the Apparel Manufacturing subindustry, Goldwin'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.


Goldwin EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Goldwin's EV-to-EBIT distribution charts can be found below:

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


TSE:8111
85GF Score
Goldwin Inc TSE:8111
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldwin 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32,197 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32,197 Mil mean?
Goldwin (TSE:8111) has a EBIT of 円32,197 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Goldwin.
Is Goldwin's EBIT too high?
Goldwin's current EBIT is 円32,197 Mil. Overall, Goldwin has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goldwin's EBIT compare to RL and LEVI?
Goldwin's EBIT of 円32,197 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 Goldwin. Goldwin's current EBIT is 円32,197 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldwin stock overvalued right now?
Based on GuruFocus' analysis, Goldwin (TSE:8111) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,931.14, compared to a current price of 円2,146.50 — trading 26.8% below its estimated fair value. The current EBIT is 円32,197 Mil. Goldwin's overall GF Score™ is 85/100 with 1 warning sign 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 Goldwin (TSE:8111), the current EBIT is 円32,197 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 Goldwin (TSE:8111) Overvalued in 2026?

Based on GuruFocus' analysis, Goldwin stock appears to be undervalued. The current stock price of 円2,146.50 is trading 26.8% below its estimated GF Value™ of 円2,931.14. GuruFocus considers Goldwin to be Modestly Undervalued.

Key valuation signals for TSE:8111:

  • EBIT: 円32,197 Mil
  • GF Value™: 円2,931.14 vs. price of 円2,146.50 (26.8% below fair value)
  • GF Score™: 85/100 with 1 warning sign

No single metric tells the full story. See the TSE:8111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Goldwin Business Description

Address 210 Kiyosawa, Toyama Prefecture, Oyabe, JPN, 932-0193
Goldwin Inc is involved in the business of manufacturing and selling sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo, Ellesse, Danskin, Canterbury, Black and white sport, the North Face, Helly Hansen, Macpac, Alite, Icebreaker, and Fischer.
85GF Score

Get the complete analysis for TSE:8111

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

円2,146.50
Price
円2,931.14
GF Value