Forval Telecom (TSE:9445) EBIT: 円1,321 Mil (TTM As of Mar. 2026)


TSE:9445 Forval Telecom Inc TSE:9445
73 GF Score
Price 円533.00
GF Value 円457.26
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Forval Telecom EBIT?

Forval Telecom TSE:9445 73 EBIT is 円1,321 Mil as of Mar. 2026. GuruFocus rates TSE:9445 with a GF Score™ of 73/100 and a GF Value™ of 円457.26 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Forval Telecom's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円627 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,321 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forval Telecom's annualized ROC % for the quarter that ended in Mar. 2026 was 22.51%. Forval Telecom's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,346.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forval Telecom's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.43%.


Forval Telecom  (TSE:9445) EBIT Explanation

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

Forval Telecom'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 )
=1211.036 * ( 1 - 29.23% )/( (3932.417 + 3681.054)/ 2 )
=857.0501772/3806.7355
=22.51 %

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))
=10153.814 - 5699.208 - ( 522.189 - max(0, 6255.191 - 7514.598+522.189))
=3932.417

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))
=10728.985 - 5871.146 - ( 1176.785 - max(0, 6559.65 - 8038.962+1176.785))
=3681.054

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 Telecom'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 )
=1254.466/( ( (85.557 + max(-941.96, 0)) + (100.786 + max(-1328.799, 0)) )/ 2 )
=1254.466/( ( 85.557 + 100.786 )/ 2 )
=1254.466/93.1715
=1,346.41 %

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)
=(4156.18 + 461.585 + 695.466) - (5699.208 + 0 + 555.983)
=-941.96

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3877.244 + 564.638 + 788.969) - (5871.146 + 0 + 688.504)
=-1328.799

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1320.83/8037.163
=16.43 %

* 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 Telecom EBIT Related Terms


Forval Telecom EBIT Historical Data

* Premium members only.

The historical data trend for Forval Telecom'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 Telecom EBIT Chart

Forval Telecom 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 1,377.28 658.26 1,179.92 1,163.11 1,320.83

Forval Telecom 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 598.05 567.27 595.83 693.60 627.23

TSE:9445 vs TMUS, VZ, T: EBIT Comparison

For the Telecom Services subindustry, Forval Telecom'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 Telecom EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forval Telecom's EV-to-EBIT distribution charts can be found below:

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


TSE:9445
73GF Score
Forval Telecom Inc TSE:9445
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Forval Telecom 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1,321 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1,321 Mil mean?
Forval Telecom (TSE:9445) has a EBIT of 円1,321 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forval Telecom.
Is Forval Telecom's EBIT too high?
Forval Telecom's current EBIT is 円1,321 Mil. Overall, Forval Telecom has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forval Telecom's EBIT compare to TMUS and VZ?
Forval Telecom's EBIT of 円1,321 Mil can be compared against companies in the Telecommunication 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 Telecommunication Services company?
A good EBIT depends on the Telecommunication 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 Forval Telecom. Forval Telecom's current EBIT is 円1,321 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval Telecom stock overvalued right now?
Based on GuruFocus' analysis, Forval Telecom (TSE:9445) is currently considered Modestly Overvalued. The stock's GF Value™ is 円457.26, compared to a current price of 円533.00 — trading 16.6% above its estimated fair value. The current EBIT is 円1,321 Mil. Forval Telecom's overall GF Score™ is 73/100 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 Forval Telecom (TSE:9445), the current EBIT is 円1,321 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 Telecom (TSE:9445) Overvalued in 2026?

Based on GuruFocus' analysis, Forval Telecom stock appears to be overvalued. The current stock price of 円533.00 is trading 16.6% above its estimated GF Value™ of 円457.26. GuruFocus considers Forval Telecom to be Modestly Overvalued.

Key valuation signals for TSE:9445:

  • EBIT: 円1,321 Mil
  • GF Value™: 円457.26 vs. price of 円533.00 (16.6% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the TSE:9445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forval Telecom Business Description

Address 3-26, Kanda-Nishikicho, HitotsubashiSI Bldg. 2F, Chiyoda-ku, Tokyo, JPN, 101-0054
Forval Telecom Inc provides telecommunications communication services and management consulting services in Japan. It provides discount international and domestic telephone and cellular phone services for the business and private sectors. It is also involved in the security certification acquisition consulting business.
73GF Score

Get the complete analysis for TSE:9445

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

円533.00
Price
円457.26
GF Value