Tabcorp Holdings (ASX:TAH) EBIT: A$167 Mil (TTM As of Dec. 2025)


ASX:TAH Tabcorp Holdings Ltd ASX:TAH
50 GF Score
Price A$0.83
GF Value A$0.81
Valuation Fairly Valued
! 6 Warning Signs
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What is Tabcorp Holdings EBIT?

Tabcorp Holdings ASX:TAH +0.61% 50 EBIT is A$167 Mil as of Dec. 2025. GuruFocus rates ASX:TAH with a GF Score™ of 50/100 and a GF Value™ of A$0.81 (Fairly Valued). The stock has 6 warning signs investors should review.

Tabcorp Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was A$89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was A$167 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tabcorp Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 2.93%. Tabcorp Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 86.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tabcorp Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.61%.


Tabcorp Holdings  (ASX:TAH) EBIT Explanation

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

Tabcorp Holdings'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 )
=177.6 * ( 1 - 51.99% )/( (2919.4 + 2900.7)/ 2 )
=85.26576/2910.05
=2.93 %

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:

Tabcorp Holdings'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 )
=177/( ( (204.7 + max(-563.9, 0)) + (206.6 + max(-513.3, 0)) )/ 2 )
=177/( ( 204.7 + 206.6 )/ 2 )
=177/205.65
=86.07 %

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)
=(69.9 + 0 + 59.3) - (564.3 + 12.1 + 116.7)
=-563.9

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(102.2 + 0 + 79.4) - (563.4 + 18.3 + 113.2)
=-513.3

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=166.9/2526.631
=6.61 %

* 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.


Tabcorp Holdings EBIT Related Terms


Tabcorp Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Tabcorp Holdings'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.

Tabcorp Holdings EBIT Chart

Tabcorp Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 639.00 -82.90 114.40 -1,572.80 166.00

Tabcorp Holdings 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 -833.30 -739.50 87.60 78.40 88.50

ASX:TAH vs FLUT, DKNG, LNWO: EBIT Comparison

For the Gambling subindustry, Tabcorp 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.


Tabcorp Holdings EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tabcorp Holdings's EV-to-EBIT distribution charts can be found below:

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


ASX:TAH
50GF Score
Tabcorp Holdings Ltd ASX:TAH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tabcorp Holdings 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$167 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$167 Mil mean?
Tabcorp Holdings (ASX:TAH) has a EBIT of A$167 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tabcorp Holdings.
Is Tabcorp Holdings' EBIT too high?
Tabcorp Holdings' current EBIT is A$167 Mil. Overall, Tabcorp Holdings has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tabcorp Holdings' EBIT compare to FLUT and DKNG?
Tabcorp Holdings' EBIT of A$167 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Tabcorp Holdings. Tabcorp Holdings's current EBIT is A$167 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tabcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tabcorp Holdings (ASX:TAH) is currently considered Fairly Valued. The stock's GF Value™ is A$0.81, compared to a current price of A$0.83 — trading 1.9% above its estimated fair value. The current EBIT is A$167 Mil. Tabcorp Holdings' overall GF Score™ is 50/100 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 Tabcorp Holdings (ASX:TAH), the current EBIT is A$167 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 Tabcorp Holdings (ASX:TAH) Overvalued in 2026?

Based on GuruFocus' analysis, Tabcorp Holdings stock appears to be overvalued. The current stock price of A$0.83 is trading 1.9% above its estimated GF Value™ of A$0.81. GuruFocus considers Tabcorp Holdings to be Fairly Valued.

Key valuation signals for ASX:TAH:

  • EBIT: A$167 Mil
  • GF Value™: A$0.81 vs. price of A$0.83 (1.9% above fair value)
  • GF Score™: 50/100 with 6 warning signs

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


Tabcorp Holdings Business Description

Other Exchanges TABCF:USATHL:Germany
Address 727 Collins Street, Level 19, Tower 2, Collins Square, Melbourne, VIC, AUS, 3008
Tabcorp is essentially a pure-play Australian wagering operator, with exclusive rights to physical wagering at venues (pubs, clubs, and racecourses) and also a digital offering. Tabcorp operates through principally through two segments: wagering and media and gaming services. The firm conducts wagering activities under the TAB brand both online and physically in every Australian state and territory other than Western Australia, reaching 90% of the population through a network of retail venues. In addition, Integrity Services provides services to electronic gaming machine venues.
50GF Score

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

A$0.83
Price
A$0.81
GF Value