Project Holdings (TSE:9246) EBIT: 円31 Mil (TTM As of Dec. 2025)


TSE:9246 Project Holdings Inc TSE:9246
77 GF Score
Price 円1,009.00
GF Value 円1,639.98
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Project Holdings EBIT?

Project Holdings TSE:9246 +1.82% 77 EBIT is 円31 Mil as of Dec. 2025. GuruFocus rates TSE:9246 with a GF Score™ of 77/100 and a GF Value™ of 円1,639.98 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Project Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was 円0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was 円31 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Project Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. Project Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Project Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.66%.


Project Holdings  (TSE:9246) EBIT Explanation

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

Project Holdings'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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=0 * ( 1 - 0% )/( (2586.681 + 2640.345)/ 2 )
=0/2613.513
=0.00 %

where

Invested Capital(Q: Jun. 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))
=4957.882 - 527.248 - ( 2265.659 - max(0, 1321.942 - 3165.895+2265.659))
=2586.681

Invested Capital(Q: Dec. 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))
=4632.541 - 573.408 - ( 2095.905 - max(0, 1495.62 - 2914.408+2095.905))
=2640.345

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

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

Project Holdings'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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (1255.754 + max(113.098, 0)) + (1213.293 + max(-182.273, 0)) )/ 2 )
=0/( ( 1368.852 + 1213.293 )/ 2 )
=0/1291.0725
=0.00 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(591.55 + 0 + 308.686) - (527.248 + 0 + 259.89)
=113.098

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(642.247 + 0 + 176.256) - (573.408 + 0 + 427.368)
=-182.273

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=30.586/4607.526
=0.66 %

* 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.


Project Holdings EBIT Related Terms


Project Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Project Holdings'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.

Project Holdings EBIT Chart

Project Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 504.88 952.06 843.19 -262.59 163.88

Project Holdings Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.00 76.54 -60.70 0.00 91.28

TSE:9246 vs VRSK, EFX, BAH: EBIT Comparison

For the Consulting Services subindustry, Project Holdings'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.


Project Holdings EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Project Holdings's EV-to-EBIT distribution charts can be found below:

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


TSE:9246
77GF Score
Project Holdings Inc TSE:9246
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Project Holdings 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31 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31 Mil mean?
Project Holdings (TSE:9246) has a EBIT of 円31 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Project Holdings.
Is Project Holdings' EBIT too high?
Project Holdings' current EBIT is 円31 Mil. Overall, Project Holdings has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Project Holdings' EBIT compare to VRSK and EFX?
Project Holdings' EBIT of 円31 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 Project Holdings. Project Holdings's current EBIT is 円31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Project Holdings stock overvalued right now?
Based on GuruFocus' analysis, Project Holdings (TSE:9246) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,639.98, compared to a current price of 円1,009.00 — trading 38.5% below its estimated fair value. The current EBIT is 円31 Mil. Project Holdings' overall GF Score™ is 77/100 with 5 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 Project Holdings (TSE:9246), the current EBIT is 円31 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 Project Holdings (TSE:9246) Overvalued in 2026?

Based on GuruFocus' analysis, Project Holdings stock appears to be undervalued. The current stock price of 円1,009.00 is trading 38.5% below its estimated GF Value™ of 円1,639.98. GuruFocus considers Project Holdings to be Significantly Undervalued.

Key valuation signals for TSE:9246:

  • EBIT: 円31 Mil
  • GF Value™: 円1,639.98 vs. price of 円1,009.00 (38.5% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the TSE:9246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Project Holdings Business Description

Address 1-3-1 Azabudai, 24th Floor, Azabudai Hills Mori JP Tower, Minato-ku, Tokyo, JPN, 106-0041
Project Holdings Inc is engaged in providing consulting services for new business development and the reform of existing businesses through the use of digital technologies. The company plans digital marketing strategies and improves the UI/UX of smartphone applications. Its services include business solutions, marketing solutions, and UI/UX solutions.
77GF Score

Get the complete analysis for TSE:9246

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

円1,009.00
Price
円1,639.98
GF Value