Kogan.com (ASX:KGN) EBIT: A$-33.5 Mil (TTM As of Dec. 2025)


ASX:KGN Kogan.com Ltd ASX:KGN
74 GF Score
Price A$4.25
GF Value A$5.04
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Kogan.com EBIT?

Kogan.com ASX:KGN -2.30% 74 EBIT is A$-33.5 Mil as of Dec. 2025. GuruFocus rates ASX:KGN with a GF Score™ of 74/100 and a GF Value™ of A$5.04 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Kogan.com's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was A$14.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-33.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kogan.com's annualized ROC % for the quarter that ended in Dec. 2025 was 5.08%. Kogan.com's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 143.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kogan.com's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -9.21%.


Kogan.com  (ASX:KGN) EBIT Explanation

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

Kogan.com'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 )
=7.876 * ( 1 - 36.32% )/( (97.474 + 99.859)/ 2 )
=5.0154368/98.6665
=5.08 %

where

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:

Kogan.com'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 )
=28.572/( ( (17.834 + max(-26.692, 0)) + (22.018 + max(-50.523, 0)) )/ 2 )
=28.572/( ( 17.834 + 22.018 )/ 2 )
=28.572/19.926
=143.39 %

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)
=(7.271 + 72.186 + 6.619) - (83.567 + 21.524 + 7.677)
=-26.692

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.866 + 76.932 + 9.884) - (118.178 + 1.213 + 30.814)
=-50.523

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:

Kogan.com's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-33.523/363.879
=-9.21 %

* 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.


Kogan.com EBIT Related Terms


Kogan.com EBIT Historical Data

* Premium members only.

The historical data trend for Kogan.com'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.

Kogan.com EBIT Chart

Kogan.com Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only 12.21 -40.24 -35.40 21.77 -30.89

Kogan.com Semi-Annual Data
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 12.57 9.20 16.92 -47.81 14.29

ASX:KGN vs AMZN, BABA, PDD: EBIT Comparison

For the Internet Retail subindustry, Kogan.com'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.


Kogan.com EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kogan.com's EV-to-EBIT distribution charts can be found below:

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


ASX:KGN
74GF Score
Kogan.com Ltd ASX:KGN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Kogan.com 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 A$-33.5 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 A$-33.5 Mil mean?
Kogan.com (ASX:KGN) has a EBIT of A$-33.5 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Kogan.com.
Is Kogan.com's EBIT too high?
Kogan.com's current EBIT is A$-33.5 Mil. Overall, Kogan.com has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kogan.com's EBIT compare to AMZN and BABA?
Kogan.com's EBIT of A$-33.5 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 Kogan.com. Kogan.com's current EBIT is A$-33.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kogan.com stock overvalued right now?
Based on GuruFocus' analysis, Kogan.com (ASX:KGN) is currently considered Modestly Undervalued. The stock's GF Value™ is A$5.04, compared to a current price of A$4.25 — trading 15.7% below its estimated fair value. The current EBIT is A$-33.5 Mil. Kogan.com's overall GF Score™ is 74/100 with 5 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 Kogan.com (ASX:KGN), the current EBIT is A$-33.5 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 Kogan.com (ASX:KGN) Overvalued in 2026?

Based on GuruFocus' analysis, Kogan.com stock appears to be undervalued. The current stock price of A$4.25 is trading 15.7% below its estimated GF Value™ of A$5.04. GuruFocus considers Kogan.com to be Modestly Undervalued.

Key valuation signals for ASX:KGN:

  • EBIT: A$-33.5 Mil
  • GF Value™: A$5.04 vs. price of A$4.25 (15.7% below fair value)
  • GF Score™: 74/100 with 5 warning signs

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


Kogan.com Business Description

Other Exchanges UZQ:Germany
Address 139 Gladstone Street, South Melbourne, Sydney, VIC, AUS, 3205
Kogan.com is an Australian pure-play online retailer. It caters to value-driven consumers through its exclusive brands, spanning multiple categories including consumer electronics, furniture, and fitness. For brand-conscious consumers, Kogan also offers a wide range of products from well-known third-party brands such as Apple, Samsung, and Google. Additionally, Kogan competes in the online marketplace industry, providing a platform and customer base for approved sellers in exchange for a commission. Finally, the firm sells multiple white-labeled products and services including prepaid mobile phone plans, insurance, and travel packages.
74GF Score

Get the complete analysis for ASX:KGN

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

A$4.25
Price
A$5.04
GF Value