AGZNF (Aegean Airlines) EBIT: $322 Mil (TTM As of Dec. 2025)


AGZNF Aegean Airlines SA AGZNF
73 GF Score
Price $14.20
GF Value $17.05
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Aegean Airlines EBIT?

Aegean Airlines AGZNF 73 EBIT is $322 Mil as of Dec. 2025. GuruFocus rates AGZNF with a GF Score™ of 73/100 and a GF Value™ of $17.05 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Aegean Airlines's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $199 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $322 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aegean Airlines's annualized ROC % for the quarter that ended in Dec. 2025 was 9.01%. Aegean Airlines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aegean Airlines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.56%.


Aegean Airlines  (OTCPK:AGZNF) EBIT Explanation

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

Aegean Airlines'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 )
=372.986 * ( 1 - 20.68% )/( (3311.252 + 3253.034)/ 2 )
=295.8524952/3282.143
=9.01 %

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))
=3493.416 - 335.093 - ( 964.381 - max(0, 1519.641 - 1366.712+964.381))
=3311.252

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))
=3762.827 - 327.889 - ( 1114.375 - max(0, 1320.649 - 1502.553+1114.375))
=3253.034

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Aegean Airlines'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 )
=398.264/( ( (1833.856 + max(-880.045, 0)) + (1930.633 + max(-653.511, 0)) )/ 2 )
=398.264/( ( 1833.856 + 1930.633 )/ 2 )
=398.264/1882.2445
=21.16 %

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)
=(111.453 + 58.408 + 97.719) - (335.093 + 0 + 812.532)
=-880.045

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(92.947 + 61.591 + 107.023) - (327.889 + 0 + 587.183)
=-653.511

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=321.815/2068.537
=15.56 %

* 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.


Aegean Airlines EBIT Related Terms


Aegean Airlines EBIT Historical Data

* Premium members only.

The historical data trend for Aegean Airlines'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.

Aegean Airlines EBIT Chart

Aegean Airlines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.09 194.53 306.50 250.28 323.68

Aegean Airlines Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 218.42 74.18 178.12 122.68 199.13

AGZNF vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, Aegean Airlines'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.


Aegean Airlines EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Aegean Airlines's EV-to-EBIT distribution charts can be found below:

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


AGZNF
73GF Score
Aegean Airlines SA AGZNF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Aegean Airlines 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 semi-annually data reported by the company within the most recent 12 months, which was $322 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 $322 Mil mean?
Aegean Airlines (AGZNF) has a EBIT of $322 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Aegean Airlines.
Is Aegean Airlines' EBIT too high?
Aegean Airlines' current EBIT is $322 Mil. Overall, Aegean Airlines has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aegean Airlines' EBIT compare to DAL and UAL?
Aegean Airlines' EBIT of $322 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Aegean Airlines. Aegean Airlines's current EBIT is $322 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aegean Airlines stock overvalued right now?
Based on GuruFocus' analysis, Aegean Airlines (AGZNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.05, compared to a current price of $14.20 — trading 16.7% below its estimated fair value. The current EBIT is $322 Mil. Aegean Airlines' overall GF Score™ is 73/100 with 6 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 Aegean Airlines (AGZNF), the current EBIT is $322 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 Aegean Airlines (AGZNF) Overvalued in 2026?

Based on GuruFocus' analysis, Aegean Airlines stock appears to be undervalued. The current stock price of $14.20 is trading 16.7% below its estimated GF Value™ of $17.05. GuruFocus considers Aegean Airlines to be Modestly Undervalued.

Key valuation signals for AGZNF:

  • EBIT: $322 Mil
  • GF Value™: $17.05 vs. price of $14.20 (16.7% below fair value)
  • GF Score™: 73/100 with 6 warning signs

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


Aegean Airlines Business Description

Address Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019
Aegean Airlines SA is Greece's airline provider. The company generates revenue from Scheduled flights, Chartered flights, and others. The company generates maximum revenue from Scheduled flights. Additionally, it offers services related to air transportation, technical support, and ground-handling amenities. Approximately half of total passenger traffic derives from routes within Greece.
73GF Score

Get the complete analysis for AGZNF

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

$14.20
Price
$17.05
GF Value