Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) EBIT: lei21.99 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSE:EFO Turism Hoteluri Restaurante Marea Neagra SA BSE:EFO
47 GF Score
Price lei0.77
GF Value lei0.58
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Turism Hoteluri Restaurante Marea Neagra EBIT?

Turism Hoteluri Restaurante Marea Neagra BSE:EFO -4.38% 47 EBIT is lei21.99 Mil as of Mar. 2026. GuruFocus rates BSE:EFO with a GF Score™ of 47/100 and a GF Value™ of lei0.58 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Turism Hoteluri Restaurante Marea Neagra's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was lei1.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was lei21.99 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Turism Hoteluri Restaurante Marea Neagra's annualized ROC % for the quarter that ended in Mar. 2026 was -2.38%. Turism Hoteluri Restaurante Marea Neagra's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Turism Hoteluri Restaurante Marea Neagra's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.19%.

Turism Hoteluri Restaurante Marea Neagra  (BSE:EFO) EBIT Explanation

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

Turism Hoteluri Restaurante Marea Neagra'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 )
=-6.032 * ( 1 - 16.86% )/( (201.912 + 219.29)/ 2 )
=-5.0150048/210.601
=-2.38 %

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))
=209.763 - 0.311 - ( 7.54 - max(0, 3.524 - 38.353+7.54))
=201.912

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))
=225.743 - 0.622 - ( 5.831 - max(0, 17.938 - 54.024+5.831))
=219.29

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

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

Turism Hoteluri Restaurante Marea Neagra'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 )
=7.188/( ( (5.933 + max(27.028, 0)) + (5.526 + max(29.955, 0)) )/ 2 )
=7.188/( ( 32.961 + 35.481 )/ 2 )
=7.188/34.221
=21.00 %

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)
=(0.029 + 0.02 + 30.503) - (0.311 + 0 + 3.213)
=27.028

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.483 + 0.012 + 32.398) - (0.622 + 0 + 17.316)
=29.955

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:

Turism Hoteluri Restaurante Marea Neagra's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=21.988/144.716
=15.19 %

* 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.

Turism Hoteluri Restaurante Marea Neagra EBIT Related Terms

Turism Hoteluri Restaurante Marea Neagra EBIT Historical Data

* Premium members only.

The historical data trend for Turism Hoteluri Restaurante Marea Neagra'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.

Turism Hoteluri Restaurante Marea Neagra EBIT Chart

Turism Hoteluri Restaurante Marea Neagra 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 61.26 -4.46 37.06 13.11 21.70

Turism Hoteluri Restaurante Marea Neagra 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 1.51 13.73 2.18 4.29 1.80

BSE:EFO vs LVS, MGM, WYNN: EBIT Comparison

For the Resorts & Casinos subindustry, Turism Hoteluri Restaurante Marea Neagra'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.

Turism Hoteluri Restaurante Marea Neagra EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Turism Hoteluri Restaurante Marea Neagra's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Turism Hoteluri Restaurante Marea Neagra's EV-to-EBIT falls into.


BSE:EFO
47GF Score
Turism Hoteluri Restaurante Marea Neagra SA BSE:EFO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turism Hoteluri Restaurante Marea Neagra 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 lei21.99 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 lei21.99 Mil mean?
Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) has a EBIT of lei21.99 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Turism Hoteluri Restaurante Marea Neagra.
Is Turism Hoteluri Restaurante Marea Neagra's EBIT too high?
Turism Hoteluri Restaurante Marea Neagra's current EBIT is lei21.99 Mil. Overall, Turism Hoteluri Restaurante Marea Neagra has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turism Hoteluri Restaurante Marea Neagra's EBIT compare to LVS and MGM?
Turism Hoteluri Restaurante Marea Neagra's EBIT of lei21.99 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 Turism Hoteluri Restaurante Marea Neagra. Turism Hoteluri Restaurante Marea Neagra's current EBIT is lei21.99 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turism Hoteluri Restaurante Marea Neagra stock overvalued right now?
Based on GuruFocus' analysis, Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) is currently considered Significantly Overvalued. The stock's GF Value™ is lei0.58, compared to a current price of lei0.77 — trading 31.9% above its estimated fair value. The current EBIT is lei21.99 Mil. Turism Hoteluri Restaurante Marea Neagra's overall GF Score™ is 47/100 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 Turism Hoteluri Restaurante Marea Neagra (BSE:EFO), the current EBIT is lei21.99 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 Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Overvalued in 2026?

Based on GuruFocus' analysis, Turism Hoteluri Restaurante Marea Neagra stock appears to be overvalued. The current stock price of lei0.77 is trading 31.9% above its estimated GF Value™ of lei0.58. GuruFocus considers Turism Hoteluri Restaurante Marea Neagra to be Significantly Overvalued.

Key valuation signals for BSE:EFO:

  • EBIT: lei21.99 Mil
  • GF Value™: lei0.58 vs. price of lei0.77 (31.9% above fair value)
  • GF Score™: 47/100 with 2 warning signs

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

Turism Hoteluri Restaurante Marea Neagra Business Description

Address Traian Street, no. 1B, ground floor, Eforie Nord, postal code 905350, Constanta County, Mangalia, ROU, 905500
Turism Hoteluri Restaurante Marea Neagra SA is engaged in providing tourist services. It provides resort and various types of accommodation and food services in the resorts and hotels of Black Sea resorts of Eforie Nord, Eforie Sud, Venus and Saturn. The services provided by the company are completed by the health and treatment offers in spa units situated in Bran-Brad-Bega, Balada, Hora, and Sirena. Geographically the operations are carried out through the region of Romania.
47GF Score

Get the complete analysis for BSE:EFO

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

lei0.77
Price
lei0.58
GF Value