Hankyu Hanshin REIT (TSE:8977) EBIT: 円5,523 Mil (TTM As of Nov. 2025)


TSE:8977 Hankyu Hanshin REIT Inc TSE:8977
58 GF Score
Price 円139,900.00
GF Value 円161,504.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hankyu Hanshin REIT EBIT?

Hankyu Hanshin REIT TSE:8977 +1.16% 58 EBIT is 円5,523 Mil as of Nov. 2025. GuruFocus rates TSE:8977 with a GF Score™ of 58/100 and a GF Value™ of 円161,504.99 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Hankyu Hanshin REIT's earnings before interest and taxes (EBIT) for the six months ended in Nov. 2025 was 円2,734 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2025 was 円5,523 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hankyu Hanshin REIT's annualized ROC % for the quarter that ended in Nov. 2025 was 3.03%. Hankyu Hanshin REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2025 was 3.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hankyu Hanshin REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2025 was 3.09%.


Hankyu Hanshin REIT  (TSE:8977) EBIT Explanation

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

Hankyu Hanshin REIT's annualized ROC % for the quarter that ended in Nov. 2025 is calculated as:

ROC % (Q: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2025 ) + Invested Capital (Q: Nov. 2025 ))/ count )
=5533.302 * ( 1 - 0.06% )/( (185075.775 + 179707.174)/ 2 )
=5529.9820188/182391.4745
=3.03 %

where

Invested Capital(Q: May. 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))
=182767.254 - 869.587 - ( 4605.871 - max(0, 13889.618 - 10711.51+4605.871))
=185075.775

Invested Capital(Q: Nov. 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))
=183177.206 - 1239.739 - ( 5307.523 - max(0, 9358.72 - 11589.013+5307.523))
=179707.174

Note: The Operating Income data used here is two times the semi-annual (Nov. 2025) data.

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

Hankyu Hanshin REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2025  Q: Nov. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5468.666/( ( (170659.895 + max(4243.854, 0)) + (170215.282 + max(4050.603, 0)) )/ 2 )
=5468.666/( ( 174903.749 + 174265.885 )/ 2 )
=5468.666/174584.817
=3.13 %

where Working Capital is:

Working Capital(Q: May. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96.889 + 1.082 + 6007.668) - (869.587 + 0 + 992.198)
=4243.854

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.356 + 1.076 + 6179.058) - (1239.739 + 0 + 991.148)
=4050.603

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Nov. 2025) EBIT data.

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

Hankyu Hanshin REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Nov. 2025 )
=5523.003/179012.138
=3.09 %

* 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.


Hankyu Hanshin REIT EBIT Related Terms


Hankyu Hanshin REIT EBIT Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin REIT'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.

Hankyu Hanshin REIT EBIT Chart

Hankyu Hanshin REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,670.35 4,742.25 4,808.83 4,926.64 5,523.00

Hankyu Hanshin REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 2,409.53 2,397.67 2,528.97 2,788.67 2,734.33

TSE:8977 vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, Hankyu Hanshin REIT'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.


Hankyu Hanshin REIT EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's EV-to-EBIT distribution charts can be found below:

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


TSE:8977
58GF Score
Hankyu Hanshin REIT Inc TSE:8977
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hankyu Hanshin REIT 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 Nov. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円5,523 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5,523 Mil mean?
Hankyu Hanshin REIT (TSE:8977) has a EBIT of 円5,523 Mil as of Nov. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hankyu Hanshin REIT.
Is Hankyu Hanshin REIT's EBIT too high?
Hankyu Hanshin REIT's current EBIT is 円5,523 Mil. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's EBIT compare to VICI and WPC?
Hankyu Hanshin REIT's EBIT of 円5,523 Mil can be compared against companies in the REITs 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 REITs company?
A good EBIT depends on the REITs 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 Hankyu Hanshin REIT. Hankyu Hanshin REIT's current EBIT is 円5,523 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,504.99, compared to a current price of 円139,900.00 — trading 13.4% below its estimated fair value. The current EBIT is 円5,523 Mil. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current EBIT is 円5,523 Mil as of Nov. 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued. The current stock price of 円139,900.00 is trading 13.4% below its estimated GF Value™ of 円161,504.99. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

  • EBIT: 円5,523 Mil
  • GF Value™: 円161,504.99 vs. price of 円139,900.00 (13.4% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hankyu Hanshin REIT Business Description

Industry Real EstateREITs
Address 19-19, Chayamachi, Applause Tower, 19th floor, Osaka, JPN, 530-0013
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score

Get the complete analysis for TSE:8977

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

円139,900.00
Price
円161,504.99
GF Value