PENN Entertainment (BSP:P2EN34) EBIT: R$-3,099 Mil (TTM As of Mar. 2026)


BSP:P2EN34 PENN Entertainment Inc BSP:P2EN34
59 GF Score
Price R$10.85
GF Value R$11.98
Valuation Fairly Valued
! 10 Warning Signs
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What is PENN Entertainment EBIT?

PENN Entertainment BSP:P2EN34 59 EBIT is R$-3,099 Mil as of Mar. 2026. GuruFocus rates BSP:P2EN34 with a GF Score™ of 59/100 and a GF Value™ of R$11.98 (Fairly Valued). The stock has 10 warning signs investors should review.

PENN Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$559 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$-3,099 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PENN Entertainment's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. PENN Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PENN Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.54%.


PENN Entertainment  (BSP:P2EN34) EBIT Explanation

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

PENN Entertainment'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 )
=2031.176 * ( 1 - 100% )/( (77181.787 + 70487.163)/ 2 )
=0/73834.475
=0.00 %

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))
=77844.655 - 2350.861 - ( 3745.884 - max(0, 8049.885 - 6361.892+3745.884))
=77181.787

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))
=73831.493 - 4681.015 - ( 3702.557 - max(0, 7407.205 - 6070.52+3702.557))
=70487.163

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

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

PENN Entertainment'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 )
=2236.176/( ( (52416.729 + max(-3493.831, 0)) + (49618.445 + max(-2313.052, 0)) )/ 2 )
=2236.176/( ( 52416.729 + 49618.445 )/ 2 )
=2236.176/51017.587
=4.38 %

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)
=(513.381 + 0 + 1229.169) - (2350.861 + 1061.679 + 1823.841)
=-3493.831

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1260.334 + 0 + 1107.629) - (4681.015 + 0 + 0)
=-2313.052

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:

PENN Entertainment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-3099.304/68199.696
=-4.54 %

* 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.


PENN Entertainment EBIT Related Terms


PENN Entertainment EBIT Historical Data

* Premium members only.

The historical data trend for PENN Entertainment'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.

PENN Entertainment EBIT Chart

PENN Entertainment 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 6,231.13 4,896.58 -171.00 788.25 -2,263.57

PENN Entertainment 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 1,554.69 465.85 -4,089.82 -34.37 559.04

BSP:P2EN34 vs MCRI, VAC, RRR: EBIT Comparison

For the Resorts & Casinos subindustry, PENN Entertainment'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.


PENN Entertainment EV-to-EBIT vs Travel & Leisure Industry

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

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


BSP:P2EN34
59GF Score
PENN Entertainment Inc BSP:P2EN34
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PENN Entertainment 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$-3,099 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$-3,099 Mil mean?
PENN Entertainment (BSP:P2EN34) has a EBIT of R$-3,099 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PENN Entertainment.
Is PENN Entertainment's EBIT too high?
PENN Entertainment's current EBIT is R$-3,099 Mil. Overall, PENN Entertainment has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PENN Entertainment's EBIT compare to MCRI and VAC?
PENN Entertainment's EBIT of R$-3,099 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 PENN Entertainment. PENN Entertainment's current EBIT is R$-3,099 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PENN Entertainment stock overvalued right now?
Based on GuruFocus' analysis, PENN Entertainment (BSP:P2EN34) is currently considered Fairly Valued. The stock's GF Value™ is R$11.98, compared to a current price of R$10.85 — trading 9.4% below its estimated fair value. The current EBIT is R$-3,099 Mil. PENN Entertainment's overall GF Score™ is 59/100 with 10 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 PENN Entertainment (BSP:P2EN34), the current EBIT is R$-3,099 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 PENN Entertainment (BSP:P2EN34) Overvalued in 2026?

Based on GuruFocus' analysis, PENN Entertainment stock appears to be undervalued. The current stock price of R$10.85 is trading 9.4% below its estimated GF Value™ of R$11.98. GuruFocus considers PENN Entertainment to be Fairly Valued.

Key valuation signals for BSP:P2EN34:

  • EBIT: R$-3,099 Mil
  • GF Value™: R$11.98 vs. price of R$10.85 (9.4% below fair value)
  • GF Score™: 59/100 with 10 warning signs

No single metric tells the full story. See the BSP:P2EN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PENN Entertainment Business Description

Address 825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 42 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 81% of total sales in 2025; 19% was from the interactive segment, which includes sports, i-gaming, and media revenue. The retail portfolio generates low-30s EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media asset, theScore, provides access to sports betting/i-gaming technology and clientele, helping it form a leading digital position.
59GF Score

Get the complete analysis for BSP:P2EN34

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

R$10.85
Price
R$11.98
GF Value