Grandy House (TSE:8999) EBIT: 円1,894 Mil (TTM As of Mar. 2026)

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TSE:8999 Grandy House Corp TSE:8999
54 GF Score
Price 円537.00
GF Value 円582.07
Valuation Fairly Valued
! 7 Warning Signs
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What is Grandy House EBIT?

Grandy House TSE:8999 -0.92% 54 EBIT is 円1,894 Mil as of Mar. 2026. GuruFocus rates TSE:8999 with a GF Score™ of 54/100 and a GF Value™ of 円582.07 (Fairly Valued). The stock has 7 warning signs investors should review.

Grandy House's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円1,163 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,894 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grandy House's annualized ROC % for the quarter that ended in Mar. 2026 was 2.71%. Grandy House's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grandy House's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.46%.


Grandy House  (TSE:8999) EBIT Explanation

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

Grandy House'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 )
=2351.338 * ( 1 - 36.49% )/( (54723.432 + 55368.703)/ 2 )
=1493.3347638/55046.0675
=2.71 %

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))
=68219.772 - 3382.789 - ( 10113.551 - max(0, 22355.134 - 53270.626+10113.551))
=54723.432

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))
=68943.144 - 3637.272 - ( 9937.169 - max(0, 24162.573 - 53049.143+9937.169))
=55368.703

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:

Grandy House'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 )
=2325.368/( ( (12001.85 + max(38605.27, 0)) + (11939.176 + max(37776.959, 0)) )/ 2 )
=2325.368/( ( 50607.12 + 49716.135 )/ 2 )
=2325.368/50161.6275
=4.64 %

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)
=(419.915 + 41842.621 + 894.539) - (3382.789 + 0 + 1169.016)
=38605.27

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(464.469 + 41743.24 + 904.265) - (3637.272 + 0 + 1697.743)
=37776.959

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1893.503/42415.038
=4.46 %

* 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.


Grandy House EBIT Related Terms


Grandy House EBIT Historical Data

* Premium members only.

The historical data trend for Grandy House'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.

Grandy House EBIT Chart

Grandy House 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 4,049.50 3,456.83 1,237.03 1,145.28 1,893.50

Grandy House 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 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 596.15 334.49 810.79 730.82 1,162.68

TSE:8999 vs CBRE, BEKE, JLL: EBIT Comparison

For the Real Estate Services subindustry, Grandy House'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.


Grandy House EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Grandy House's EV-to-EBIT distribution charts can be found below:

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


TSE:8999
54GF Score
Grandy House Corp TSE:8999
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grandy House 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1,894 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1,894 Mil mean?
Grandy House (TSE:8999) has a EBIT of 円1,894 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grandy House.
Is Grandy House's EBIT too high?
Grandy House's current EBIT is 円1,894 Mil. Overall, Grandy House has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grandy House's EBIT compare to CBRE and BEKE?
Grandy House's EBIT of 円1,894 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 Grandy House. Grandy House's current EBIT is 円1,894 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandy House stock overvalued right now?
Based on GuruFocus' analysis, Grandy House (TSE:8999) is currently considered Fairly Valued. The stock's GF Value™ is 円582.07, compared to a current price of 円537.00 — trading 7.7% below its estimated fair value. The current EBIT is 円1,894 Mil. Grandy House's overall GF Score™ is 54/100 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 Grandy House (TSE:8999), the current EBIT is 円1,894 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 Grandy House (TSE:8999) Overvalued in 2026?

Based on GuruFocus' analysis, Grandy House stock appears to be undervalued. The current stock price of 円537.00 is trading 7.7% below its estimated GF Value™ of 円582.07. GuruFocus considers Grandy House to be Fairly Valued.

Key valuation signals for TSE:8999:

  • EBIT: 円1,894 Mil
  • GF Value™: 円582.07 vs. price of 円537.00 (7.7% below fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the TSE:8999 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grandy House Business Description

Address 4-3-18, Odori, Tochigi Prefecture, Utsunomiya, JPN, 3320-081
Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.
54GF Score

Get the complete analysis for TSE:8999

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

円537.00
Price
円582.07
GF Value