HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) EBIT: R$366.6 Mil (TTM As of Mar. 2026)


BSP:HBRE3 HBR Realty Empreendimentos Imobiliarios SA BSP:HBRE3
68 GF Score
Price R$2.56
GF Value R$16.49
Valuation Possible Value Trap
! 7 Warning Signs
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What is HBR Realty Empreendimentos Imobiliarios EBIT?

HBR Realty Empreendimentos Imobiliarios BSP:HBRE3 -1.16% 68 EBIT is R$366.6 Mil as of Mar. 2026. GuruFocus rates BSP:HBRE3 with a GF Score™ of 68/100 and a GF Value™ of R$16.49 (Possible Value Trap). The stock has 7 warning signs investors should review.

HBR Realty Empreendimentos Imobiliarios's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$33.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$366.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HBR Realty Empreendimentos Imobiliarios's annualized ROC % for the quarter that ended in Mar. 2026 was 2.32%. HBR Realty Empreendimentos Imobiliarios's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 81.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HBR Realty Empreendimentos Imobiliarios's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.12%.

HBR Realty Empreendimentos Imobiliarios  (BSP:HBRE3) EBIT Explanation

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

HBR Realty Empreendimentos Imobiliarios'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 )
=109.528 * ( 1 - 0% )/( (4782.882 + 4678.487)/ 2 )
=109.528/4730.6845
=2.32 %

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))
=5089.275 - 163.419 - ( 142.974 - max(0, 377.262 - 672.264+142.974))
=4782.882

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))
=4889.228 - 377.466 - ( 220.977 - max(0, 586.198 - 419.473+220.977))
=4678.487

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

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

HBR Realty Empreendimentos Imobiliarios'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 )
=132.72/( ( (0 + max(327.106, 0)) + (0 + max(-222.298, 0)) )/ 2 )
=132.72/( ( 327.106 + 0 )/ 2 )
=132.72/163.553
=81.15 %

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)
=(324.559 + 0 + 204.731) - (163.419 + 0 + 38.765)
=327.106

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.742 + 0 + 155.754) - (377.466 + 0 + 43.328)
=-222.298

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:

HBR Realty Empreendimentos Imobiliarios's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=366.603/2425.094
=15.12 %

* 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.

HBR Realty Empreendimentos Imobiliarios EBIT Related Terms

HBR Realty Empreendimentos Imobiliarios EBIT Historical Data

* Premium members only.

The historical data trend for HBR Realty Empreendimentos Imobiliarios'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.

HBR Realty Empreendimentos Imobiliarios EBIT Chart

HBR Realty Empreendimentos Imobiliarios Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 333.79 262.96 459.53 296.11 350.39

HBR Realty Empreendimentos Imobiliarios 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 16.97 24.21 23.91 285.30 33.18

BSP:HBRE3 vs CBRE, BEKE, CSGP: EBIT Comparison

For the Real Estate Services subindustry, HBR Realty Empreendimentos Imobiliarios'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.

HBR Realty Empreendimentos Imobiliarios EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, HBR Realty Empreendimentos Imobiliarios's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HBR Realty Empreendimentos Imobiliarios's EV-to-EBIT falls into.


BSP:HBRE3
68GF Score
HBR Realty Empreendimentos Imobiliarios SA BSP:HBRE3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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HBR Realty Empreendimentos Imobiliarios 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 R$366.6 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 R$366.6 Mil mean?
HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) has a EBIT of R$366.6 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on HBR Realty Empreendimentos Imobiliarios.
Is HBR Realty Empreendimentos Imobiliarios' EBIT too high?
HBR Realty Empreendimentos Imobiliarios' current EBIT is R$366.6 Mil. Overall, HBR Realty Empreendimentos Imobiliarios has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HBR Realty Empreendimentos Imobiliarios' EBIT compare to CBRE and BEKE?
HBR Realty Empreendimentos Imobiliarios' EBIT of R$366.6 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 HBR Realty Empreendimentos Imobiliarios. HBR Realty Empreendimentos Imobiliarios's current EBIT is R$366.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBR Realty Empreendimentos Imobiliarios stock overvalued right now?
Based on GuruFocus' analysis, HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$16.49, compared to a current price of R$2.56 — trading 84.5% below its estimated fair value. The current EBIT is R$366.6 Mil. HBR Realty Empreendimentos Imobiliarios' overall GF Score™ is 68/100 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 HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3), the current EBIT is R$366.6 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 HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Overvalued in 2026?

Based on GuruFocus' analysis, HBR Realty Empreendimentos Imobiliarios stock appears to be undervalued. The current stock price of R$2.56 is trading 84.5% below its estimated GF Value™ of R$16.49. GuruFocus considers HBR Realty Empreendimentos Imobiliarios to be Possible Value Trap.

Key valuation signals for BSP:HBRE3:

  • EBIT: R$366.6 Mil
  • GF Value™: R$16.49 vs. price of R$2.56 (84.5% below fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the BSP:HBRE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HBR Realty Empreendimentos Imobiliarios Business Description

Address Avenida Vereador Narciso Yague Guimaraes, 1.145, 2nd Floor, Jardim Arenia, Helbor Concept- Edificio Corporate, Mogi das Cruzes, SP, BRA, CEP 08780-500
HBR Realty Empreendimentos Imobiliarios SA operates in the real estate development and management division. The company's business is focused on urban properties, distributed over four main platforms that house the developed and developing asset classes. These platforms are ComVem, HBR3A, HBR Malls, and HBR Opportunities. ComVem is a platform dedicated towards the development and administration of convenience centers; the HBR 3A platform is dedicated to the development and management of corporate buildings; the HBR Malls platform is dedicated to the acquisition, development, and management of shopping centers; and HBR Opportunities platform brings together assets of various classes, such as built to suits, development, and management of hotels, parking lots, and others.
68GF Score

Get the complete analysis for BSP:HBRE3

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

R$2.56
Price
R$16.49
GF Value