BHTLF (Bechtle AG) EBIT: $417 Mil (TTM As of Mar. 2026)


BHTLF Bechtle AG BHTLF
77 GF Score
Price $46.95
GF Value $62.97
! 2 Warning Signs
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What is Bechtle AG EBIT?

Bechtle AG BHTLF 77 EBIT is $417 Mil as of Mar. 2026. GuruFocus rates BHTLF with a GF Score™ of 77/100 and a GF Value™ of $62.97. The stock has 2 warning signs investors should review.

Bechtle AG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $79 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $417 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bechtle AG's annualized ROC % for the quarter that ended in Mar. 2026 was 5.91%. Bechtle AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bechtle AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.09%.


Bechtle AG  (OTCPK:BHTLF) EBIT Explanation

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

Bechtle AG'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 )
=301.404 * ( 1 - 27.6% )/( (3564.876 + 3813.89)/ 2 )
=218.216496/3689.383
=5.91 %

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))
=5356.739 - 1244.745 - ( 547.118 - max(0, 2026.39 - 3149.47+547.118))
=3564.876

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))
=5330.82 - 1086.143 - ( 430.787 - max(0, 1978.526 - 3067.364+430.787))
=3813.89

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

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

Bechtle AG'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 )
=315.528/( ( (634.972 + max(157.117, 0)) + (629.243 + max(658.051, 0)) )/ 2 )
=315.528/( ( 792.089 + 1287.294 )/ 2 )
=315.528/1039.6915
=30.35 %

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)
=(1578.871 + 445.035 + 79.377) - (1244.745 + 0 + 701.421)
=157.117

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1347.669 + 647.686 + 641.222) - (1086.143 + 0 + 892.383)
=658.051

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:

Bechtle AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=416.696/4131.539
=10.09 %

* 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.


Bechtle AG EBIT Related Terms


Bechtle AG EBIT Historical Data

* Premium members only.

The historical data trend for Bechtle AG'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.

Bechtle AG EBIT Chart

Bechtle AG 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 369.65 378.11 424.69 387.34 411.68

Bechtle AG 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 67.23 84.30 102.36 151.16 78.88

BHTLF vs IBM, ACN, FISV: EBIT Comparison

For the Information Technology Services subindustry, Bechtle AG'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.


Bechtle AG EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Bechtle AG's EV-to-EBIT distribution charts can be found below:

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


BHTLF
77GF Score
Bechtle AG BHTLF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Bechtle AG 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 $417 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 $417 Mil mean?
Bechtle AG (BHTLF) has a EBIT of $417 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bechtle AG.
Is Bechtle AG's EBIT too high?
Bechtle AG's current EBIT is $417 Mil. Overall, Bechtle AG has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Bechtle AG's EBIT compare to IBM and ACN?
Bechtle AG's EBIT of $417 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 Bechtle AG. Bechtle AG's current EBIT is $417 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bechtle AG stock overvalued right now?
Bechtle AG (BHTLF) has a current EBIT of $417 Mil. The stock's GF Value™ is $62.97, compared to a current price of $46.95 — trading 25.4% below its estimated fair value. The current EBIT is $417 Mil. Bechtle AG's overall GF Score™ is 77/100 with 2 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 Bechtle AG (BHTLF), the current EBIT is $417 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 Bechtle AG (BHTLF) Overvalued in 2026?

Based on GuruFocus' analysis, Bechtle AG stock appears to be undervalued. The current stock price of $46.95 is trading 25.4% below its estimated GF Value™ of $62.97.

Key valuation signals for BHTLF:

  • EBIT: $417 Mil
  • GF Value™: $62.97 vs. price of $46.95 (25.4% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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


Bechtle AG Business Description

Address Bechtle Platz 1, Neckarsulm, BW, DEU, 74172
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. The company operates through four reportable segments; Germany, France, Benelux, and Other Europe. It generates maximum of its revenue from the Germany segment. The company offers its customers IT hardware, software, solutions and services in 14 European countries, with Germany being the main market.
77GF Score

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

$46.95
Price
$62.97
GF Value