ASTL (Algoma Steel Group) EBIT: $-958 Mil (TTM As of Mar. 2026)


ASTL Algoma Steel Group Inc ASTL
59 GF Score
Price $3.99
GF Value $5.50
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Algoma Steel Group EBIT?

Algoma Steel Group ASTL -3.86% 59 EBIT is $-958 Mil as of Mar. 2026. GuruFocus rates ASTL with a GF Score™ of 59/100 and a GF Value™ of $5.50 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Algoma Steel Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-99 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-958 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Algoma Steel Group's annualized ROC % for the quarter that ended in Mar. 2026 was -35.26%. Algoma Steel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -38.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Algoma Steel Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -98.77%.

Algoma Steel Group  (NAS:ASTL) EBIT Explanation

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

Algoma Steel Group'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-447.52 * ( 1 - 0% )/( (1306.126 + 1232.288)/ 2 )
=-447.52/1269.207
=-35.26 %

where

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))
=1533.817 - 171.511 - ( 56.18 - max(0, 360.565 - 784.632+56.18))
=1306.126

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))
=1459.329 - 179.446 - ( 47.595 - max(0, 282.58 - 691.399+47.595))
=1232.288

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Algoma Steel Group'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-396.5/( ( (746.575 + max(330.193, 0)) + (765.816 + max(235.932, 0)) )/ 2 )
=-396.5/( ( 1076.768 + 1001.748 )/ 2 )
=-396.5/1039.258
=-38.15 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(118.449 + 412.686 + 26.096) - (171.511 + 0 + 55.527)
=330.193

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(95.845 + 346.647 + 26.53) - (179.446 + 0 + 53.644)
=235.932

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Algoma Steel Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-958.093/969.976
=-98.77 %

* 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.

Algoma Steel Group EBIT Related Terms

Algoma Steel Group EBIT Historical Data

* Premium members only.

The historical data trend for Algoma Steel Group'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.

Algoma Steel Group EBIT Chart

Algoma Steel Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Dec25
EBIT
Get a 7-Day Free Trial 6.52 959.87 298.69 138.08 -881.12

Algoma Steel Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -20.83 -92.04 -441.67 -325.26 -99.13

ASTL vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, Algoma Steel Group'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.

Algoma Steel Group EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, Algoma Steel Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Algoma Steel Group's EV-to-EBIT falls into.


ASTL
59GF Score
Algoma Steel Group Inc ASTL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Algoma Steel Group 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 quarterly data reported by the company within the most recent 12 months, which was $-958 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 $-958 Mil mean?
Algoma Steel Group (ASTL) has a EBIT of $-958 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Algoma Steel Group.
Is Algoma Steel Group's EBIT too high?
Algoma Steel Group's current EBIT is $-958 Mil. Overall, Algoma Steel Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Algoma Steel Group's EBIT compare to NUE and STLD?
Algoma Steel Group's EBIT of $-958 Mil can be compared against companies in the Steel 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 Steel company?
A good EBIT depends on the Steel 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 Algoma Steel Group. Algoma Steel Group's current EBIT is $-958 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Algoma Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Algoma Steel Group (ASTL) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.50, compared to a current price of $3.99 — trading 27.5% below its estimated fair value. The current EBIT is $-958 Mil. Algoma Steel Group's overall GF Score™ is 59/100 with 7 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 Algoma Steel Group (ASTL), the current EBIT is $-958 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 Algoma Steel Group (ASTL) Overvalued in 2026?

Based on GuruFocus' analysis, Algoma Steel Group stock appears to be undervalued. The current stock price of $3.99 is trading 27.5% below its estimated GF Value™ of $5.50. GuruFocus considers Algoma Steel Group to be Modestly Undervalued.

Key valuation signals for ASTL:

  • EBIT: $-958 Mil
  • GF Value™: $5.50 vs. price of $3.99 (27.5% below fair value)
  • GF Score™: 59/100 with 7 warning signs

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

Algoma Steel Group Business Description

Other Exchanges 9ZY:GermanyASTL:Canada
Address 105 West Street, Sault Ste. Marie, ON, CAN, P6A 7B4
Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from United States. The company generates the majority of its revenue from the sale of Steel sheets and strips.
59GF Score

Get the complete analysis for ASTL

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

$3.99
Price
$5.50
GF Value