Forval RealStraight (TSE:9423) EBIT: 円139 Mil (TTM As of Mar. 2026)

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TSE:9423 Forval RealStraight Inc TSE:9423
71 GF Score
Price 円104.00
GF Value 円156.23
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Forval RealStraight EBIT?

Forval RealStraight TSE:9423 71 EBIT is 円139 Mil as of Mar. 2026. GuruFocus rates TSE:9423 with a GF Score™ of 71/100 and a GF Value™ of 円156.23 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Forval RealStraight's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円109 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円139 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forval RealStraight's annualized ROC % for the quarter that ended in Mar. 2026 was 46.73%. Forval RealStraight's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,388.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forval RealStraight's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.99%.


Forval RealStraight  (TSE:9423) EBIT Explanation

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

Forval RealStraight'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 )
=218.798 * ( 1 - 17.98% )/( (406.5 + 361.507)/ 2 )
=179.4581196/384.0035
=46.73 %

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))
=1419.65 - 550.932 - ( 508.873 - max(0, 791.621 - 1253.839+508.873))
=406.5

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))
=1874.298 - 863.048 - ( 973.764 - max(0, 1128.303 - 1778.046+973.764))
=361.507

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:

Forval RealStraight'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 )
=218.798/( ( (17.314 + max(-66.541, 0)) + (14.201 + max(-345.81, 0)) )/ 2 )
=218.798/( ( 17.314 + 14.201 )/ 2 )
=218.798/15.7575
=1,388.53 %

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)
=(639.739 + 3.458 + 81.883) - (550.932 + 0 + 240.689)
=-66.541

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(700.418 + 45.325 + 36.75) - (863.048 + 0 + 265.255)
=-345.81

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=139.149/1547.380
=8.99 %

* 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.


Forval RealStraight EBIT Related Terms


Forval RealStraight EBIT Historical Data

* Premium members only.

The historical data trend for Forval RealStraight'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.

Forval RealStraight EBIT Chart

Forval RealStraight 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 52.29 156.50 169.00 126.41 139.15

Forval RealStraight 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 50.76 91.21 35.20 29.75 109.40

TSE:9423 vs CBRE, BEKE, JLL: EBIT Comparison

For the Real Estate Services subindustry, Forval RealStraight'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.


Forval RealStraight EV-to-EBIT vs Real Estate Industry

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

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


TSE:9423
71GF Score
Forval RealStraight Inc TSE:9423
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forval RealStraight 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139 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139 Mil mean?
Forval RealStraight (TSE:9423) has a EBIT of 円139 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forval RealStraight.
Is Forval RealStraight's EBIT too high?
Forval RealStraight's current EBIT is 円139 Mil. Overall, Forval RealStraight has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forval RealStraight's EBIT compare to CBRE and BEKE?
Forval RealStraight's EBIT of 円139 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 Forval RealStraight. Forval RealStraight's current EBIT is 円139 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval RealStraight stock overvalued right now?
Based on GuruFocus' analysis, Forval RealStraight (TSE:9423) is currently considered Significantly Undervalued. The stock's GF Value™ is 円156.23, compared to a current price of 円104.00 — trading 33.4% below its estimated fair value. The current EBIT is 円139 Mil. Forval RealStraight's overall GF Score™ is 71/100 with 3 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 Forval RealStraight (TSE:9423), the current EBIT is 円139 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 Forval RealStraight (TSE:9423) Overvalued in 2026?

Based on GuruFocus' analysis, Forval RealStraight stock appears to be undervalued. The current stock price of 円104.00 is trading 33.4% below its estimated GF Value™ of 円156.23. GuruFocus considers Forval RealStraight to be Significantly Undervalued.

Key valuation signals for TSE:9423:

  • EBIT: 円139 Mil
  • GF Value™: 円156.23 vs. price of 円104.00 (33.4% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the TSE:9423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forval RealStraight Business Description

Address 3-23-2 Kanda Jinbocho, Kinmei Building 4th Floor, Chiyoda-ku, Tokyo, JPN, 101-0051
Forval RealStraight Inc is a real estate service provider. The business of the company includes real estate brokerage, office relocation support services, and sales of OA communication equipment.
71GF Score

Get the complete analysis for TSE:9423

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

円104.00
Price
円156.23
GF Value