Monex Group (TSE:8698) EBIT: 円24,454 Mil (TTM As of Dec. 2025)


TSE:8698 Monex Group Inc TSE:8698
53 GF Score
Price 円615.00
GF Value 円802.19
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Monex Group EBIT?

Monex Group TSE:8698 +0.65% 53 EBIT is 円24,454 Mil as of Dec. 2025. GuruFocus rates TSE:8698 with a GF Score™ of 53/100 and a GF Value™ of 円802.19 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Monex Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was 円6,937 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was 円24,454 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Monex Group's annualized ROC % for the quarter that ended in Dec. 2025 was 2.24%. Monex Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Monex Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.29%.


Monex Group  (TSE:8698) EBIT Explanation

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

Monex Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=22564 * ( 1 - 29.13% )/( (715724 + 713623)/ 2 )
=15991.1068/714673.5
=2.24 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Monex Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27748/( ( (5036 + max(444938, 0)) + (4867 + max(438415, 0)) )/ 2 )
=27748/( ( 449974 + 443282 )/ 2 )
=27748/446628
=6.21 %

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)
=(0 + 63246 + 383620) - (1657 + 0 + 271)
=444938

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 49941 + 390524) - (1736 + 0 + 314)
=438415

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=24454/216568.211
=11.29 %

* 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.


Monex Group EBIT Related Terms


Monex Group EBIT Historical Data

* Premium members only.

The historical data trend for Monex Group'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.

Monex Group EBIT Chart

Monex Group 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 25,984.00 8,150.00 33,239.00 2,193.00 24,454.00

Monex Group 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 3,559.00 5,686.00 6,851.00 6,937.00 4,980.00

TSE:8698 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Monex Group'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.


Monex Group EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Monex Group's EV-to-EBIT distribution charts can be found below:

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


TSE:8698
53GF Score
Monex Group Inc TSE:8698
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Monex Group 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円24,454 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24,454 Mil mean?
Monex Group (TSE:8698) has a EBIT of 円24,454 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Monex Group.
Is Monex Group's EBIT too high?
Monex Group's current EBIT is 円24,454 Mil. Overall, Monex Group has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monex Group's EBIT compare to MS and GS?
Monex Group's EBIT of 円24,454 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Monex Group. Monex Group's current EBIT is 円24,454 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monex Group stock overvalued right now?
Based on GuruFocus' analysis, Monex Group (TSE:8698) is currently considered Modestly Undervalued. The stock's GF Value™ is 円802.19, compared to a current price of 円615.00 — trading 23.3% below its estimated fair value. The current EBIT is 円24,454 Mil. Monex Group's overall GF Score™ is 53/100 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 Monex Group (TSE:8698), the current EBIT is 円24,454 Mil as of Dec. 2025. 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 Monex Group (TSE:8698) Overvalued in 2026?

Based on GuruFocus' analysis, Monex Group stock appears to be undervalued. The current stock price of 円615.00 is trading 23.3% below its estimated GF Value™ of 円802.19. GuruFocus considers Monex Group to be Modestly Undervalued.

Key valuation signals for TSE:8698:

  • EBIT: 円24,454 Mil
  • GF Value™: 円802.19 vs. price of 円615.00 (23.3% below fair value)
  • GF Score™: 53/100 with 7 warning signs

No single metric tells the full story. See the TSE:8698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Monex Group Business Description

Other Exchanges MNXBF:USA
Address 2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-0083
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.
53GF Score

Get the complete analysis for TSE:8698

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

円615.00
Price
円802.19
GF Value