Unbanked (TSE:8746) EBIT: 円-3,776 Mil (TTM As of Mar. 2026)

What is Unbanked EBIT?

Unbanked TSE:8746 46 EBIT is 円-3,776 Mil as of Mar. 2026. GuruFocus rates TSE:8746 with a GF Score™ of 46/100 and a GF Value™ of 円434.03 (Possible Value Trap). The stock has 8 warning signs investors should review.

Unbanked's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円-4,019 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円-3,776 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Unbanked's annualized ROC % for the quarter that ended in Mar. 2026 was -21.38%. Unbanked's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -643.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Unbanked's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -571.60%.

Unbanked (TSE:8746) EBIT Explanation

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

Unbanked'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: Sep. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-6070 * ( 1 - 0% )	/	( (31940	+	24850)	/ 2 )
=	-6070	/	28395
=	-21.38 %

where

	Invested Capital		(Q: Sep. 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	))
=	35358	-	139	-	( 3681	-	max(0, 29993	-	33272	+	3681	))
=	31940

	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	))
=	26883	-	59	-	( 2059	-	max(0, 23469	-	25443	+	2059	))
=	24850

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Unbanked'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: Sep. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-8038	/	( ( (1505 + max(-21536, 0))	+	(992 + max(-19351, 0)) )	/	2 )
=	-8038	/	( ( 1505	+	992 )	/	2 )
=	-8038	/	1248.5
=	-643.81 %

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)
=	(1048	+	2978	+	4329)	-	(139	+	0	+	29752)
=	-21536

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	2616	+	1172)	-	(59	+	0	+	23080)
=	-19351

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-3776	/	660.607
	=	-571.60 %

* 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.

Unbanked EBIT Related Terms

Unbanked EBIT Historical Data

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The historical data trend for Unbanked's EBIT can be seen below:

Unbanked EBIT Chart

Unbanked Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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-1,706.97

-368.24

393.34

301.71

-3,776.00

Unbanked Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
EBIT	Get a 7-Day Free Trial															326.88	65.00	236.71	243.00	-4,019.00

TSE:8746 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Unbanked'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.

Unbanked EV-to-EBIT vs Capital Markets Industry

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

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

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46GF Score

Unbanked Inc TSE:8746

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Unbanked 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 semi-annually data reported by the company within the most recent 12 months, which was 円-3,776 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of 円-3,776 Mil mean?

Unbanked (TSE:8746) has a EBIT of 円-3,776 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Unbanked.

Is Unbanked's EBIT too high?

Unbanked's current EBIT is 円-3,776 Mil. Overall, Unbanked has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Unbanked's EBIT compare to MS and GS?

Unbanked's EBIT of 円-3,776 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 Unbanked. Unbanked's current EBIT is 円-3,776 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Unbanked stock overvalued right now?

Based on GuruFocus' analysis, Unbanked (TSE:8746) is currently considered Possible Value Trap. The stock's GF Value™ is 円434.03, compared to a current price of 円107.00 — trading 75.3% below its estimated fair value. The current EBIT is 円-3,776 Mil. Unbanked's overall GF Score™ is 46/100 with 8 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 Unbanked (TSE:8746), the current EBIT is 円-3,776 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 Unbanked (TSE:8746) Overvalued in 2026?

Based on GuruFocus' analysis, Unbanked stock appears to be undervalued. The current stock price of 円107.00 is trading 75.3% below its estimated GF Value™ of 円434.03. GuruFocus considers Unbanked to be Possible Value Trap.

Key valuation signals for TSE:8746:

EBIT: 円-3,776 Mil
GF Value™: 円434.03 vs. price of 円107.00 (75.3% below fair value)
GF Score™: 46/100 with 8 warning signs

No single metric tells the full story. See the TSE:8746 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Unbanked Business Description

Industry Financial Services Capital Markets

Comparable Companies TSE:3747 TSE:192A NGO:7076 TSE:7360 TSE:8617 TSE:462A TSE:8742 TSE:7175 TSE:8700 TSE:8705 MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 SHSE:601211 IBKR

Address Ebisu First Square 9th Floor, 1-18-14 Ebisu, Shibuya-ku, Tokyo, JPN

Website https://www.unbanked.jp

Unbanked Inc provides commodity futures trading services. It trades for its own account and clients. It also engages in commodity fund business, foreign exchange trading and sale of precious metals.

46GF Score

Get the complete analysis for TSE:8746

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

円107.00

Price

円434.03

GF Value

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