TOPPY (Toppan Holdings) EV-to-EBIT: 12.83 (As of Jul. 15, 2026) — 51% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TOPPY Toppan Holdings Inc TOPPY
80 GF Score
Price $15.36
GF Value $14.73
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Toppan Holdings EV-to-EBIT?

Toppan Holdings TOPPY 80 EV-to-EBIT is 12.83 as of Jul. 15, 2026, which is 51% above its 10-year median of 8.49. GuruFocus rates TOPPY with a GF Score™ of 80/100 and a GF Value™ of $14.73 (Fairly Valued). The stock has 7 warning signs investors should review. Among 457 Conglomerates companies, Toppan Holdings ranks worse than 56.24% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Toppan Holdings's Enterprise Value is $9,648 Mil. Toppan Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $752 Mil. Therefore, Toppan Holdings's EV-to-EBIT for today is 12.83.

The historical rank and industry rank for Toppan Holdings's EV-to-EBIT or its related term are showing as below:

TOPPY' s EV-to-EBIT Range Over the Past 10 Years
Min: 2.09   Med: 8.49   Max: 18.88
Current: 12.83

During the past 13 years, the highest EV-to-EBIT of Toppan Holdings was 18.88. The lowest was 2.09. And the median was 8.49.

TOPPY's EV-to-EBIT is ranked worse than
56.24% of 457 companies
in the Conglomerates industry
Industry Median: 11.59 vs TOPPY: 12.83

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Toppan Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was $8,151 Mil. Toppan Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $752 Mil. Toppan Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.22%.


Toppan Holdings  (OTCPK:TOPPY) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Toppan Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=751.947/8151.213072
=9.22 %

Toppan Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was $8,151 Mil.
Toppan Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $752 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.


Toppan Holdings EV-to-EBIT Related Terms


Toppan Holdings EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Toppan Holdings's EV-to-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.

Toppan Holdings EV-to-EBIT Chart

Toppan Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.16 6.29 7.76 5.25 11.54

Toppan Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-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 5.25 7.25 7.29 9.43 11.54

TOPPY vs HON, MMM: EV-to-EBIT Comparison

For the Conglomerates subindustry, Toppan 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.


Toppan Holdings EV-to-EBIT vs Conglomerates Industry

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

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


TOPPY
80GF Score
Toppan Holdings Inc TOPPY
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toppan Holdings EV-to-EBIT Calculation

Toppan Holdings's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=9648.370/751.947
=12.83

Toppan Holdings's current Enterprise Value is $9,648 Mil.
Toppan Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $752 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 EV-to-EBIT →
What does a EV-to-EBIT of 12.83 mean?
Toppan Holdings (TOPPY) has a EV-to-EBIT of 12.83 as of Jul. 15, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Toppan Holdings and its competitors. This is 51% above median its historical median of 8.49. Over the past decade, Toppan Holdings' EV-to-EBIT has ranged from 2.09 to 18.88. According to the industry distribution chart, Toppan Holdings ranks #257 out of 457 companies in the Conglomerates industry, placing it in the top 56.2%.
Is Toppan Holdings' EV-to-EBIT too high?
Toppan Holdings' current EV-to-EBIT of 12.83 is 51% above median its 10-year median of 8.49. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 18.88. The Conglomerates industry median EV-to-EBIT is 11.59. Toppan Holdings' value of 12.83 is 10.7% above this industry median. Based on the distribution chart, Toppan Holdings ranks #257 out of 457 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Toppan Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toppan Holdings' EV-to-EBIT compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toppan Holdings ranks #257 out of 457 companies for EV-to-EBIT. This places Toppan Holdings in the lower half of its industry. The industry median EV-to-EBIT is 11.59. Toppan Holdings' value of 12.83 is 10.7% above this benchmark. Historically, Toppan Holdings' own EV-to-EBIT has ranged from 2.09 to 18.88 over the past decade. While the company's 10-year median is 8.49 vs. the industry median of 11.59, Toppan Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Conglomerates company?
The median EV-to-EBIT among Conglomerates companies is 11.59, based on 457 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toppan Holdings's current EV-to-EBIT of 12.83 is 10.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Toppan Holdings and its competitors. For the Conglomerates industry, the median EV-to-EBIT is 11.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toppan Holdings's current EV-to-EBIT is 12.83, which is 51% above median its own 10-year median of 8.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toppan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Toppan Holdings (TOPPY) is currently considered Fairly Valued. The stock's GF Value™ is $14.73, compared to a current price of $15.36 — trading 4.3% above its estimated fair value. The current EV-to-EBIT is 12.83, which is 51% above median its 10-year median of 8.49 and 10.7% above the Conglomerates industry median of 11.59. Toppan Holdings' overall GF Score™ is 80/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Toppan Holdings (TOPPY), the current EV-to-EBIT is 12.83 as of Jul. 15, 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 Toppan Holdings (TOPPY) Overvalued in 2026?

Based on GuruFocus' analysis, Toppan Holdings stock appears to be overvalued. The current stock price of $15.36 is trading 4.3% above its estimated GF Value™ of $14.73. GuruFocus considers Toppan Holdings to be Fairly Valued.

Key valuation signals for TOPPY:

  • EV-to-EBIT: 12.83 (51% above median its 10-year median of 8.49)
  • GF Value™: $14.73 vs. price of $15.36 (4.3% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 10.7% above the Conglomerates median (#257 of 457)

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


Toppan Holdings Business Description

Address 1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560
Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.
80GF Score

Get the complete analysis for TOPPY

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

$15.36
Price
$14.73
GF Value