Eni SpA (BUE:E) EBIT: ARS19,875,518 Mil (TTM As of Mar. 2026)


BUE:E Eni SpA BUE:E
51 GF Score
Price ARS18,030.00
GF Value ARS12,529.33
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Eni SpA EBIT?

Eni SpA BUE:E -1.21% 51 EBIT is ARS19,875,518 Mil as of Mar. 2026. GuruFocus rates BUE:E with a GF Score™ of 51/100 and a GF Value™ of ARS12,529.33 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Eni SpA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ARS3,994,293 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ARS19,875,518 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eni SpA's annualized ROC % for the quarter that ended in Mar. 2026 was 0.07%. Eni SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eni SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.53%.


Eni SpA  (BUE:E) EBIT Explanation

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

Eni SpA'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 )
=4067034.352 * ( 1 - 96.99% )/( (175976881.567 + 171762693.252)/ 2 )
=122417.7339952/173869787.4095
=0.07 %

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))
=232967366.373 - 36506475.296 - ( 25647502.78 - max(0, 62572088.459 - 83056097.969+25647502.78))
=175976881.567

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))
=238762073.156 - 34726589.425 - ( 32272790.479 - max(0, 74795606.725 - 110075028.324+32272790.479))
=171762693.252

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

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

Eni SpA'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 )
=15977173.108/( ( (94703701.452 + max(-2608940.806, 0)) + (87205234.199 + max(18576454.205, 0)) )/ 2 )
=15977173.108/( ( 94703701.452 + 105781688.404 )/ 2 )
=15977173.108/100242694.928
=15.94 %

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)
=(15272926.44 + 8741226.428 + 19588301.494) - (36506475.296 + 3436663.394 + 6268256.478)
=-2608940.806

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23509915.589 + 8728929.055 + 44383371.31) - (34726589.425 + 0 + 23319172.324)
=18576454.205

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:

Eni SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=19875518.129/136812466.940
=14.53 %

* 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.


Eni SpA EBIT Related Terms


Eni SpA EBIT Historical Data

* Premium members only.

The historical data trend for Eni SpA'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.

Eni SpA EBIT Chart

Eni SpA 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 1,700,397.70 5,573,296.73 7,220,393.68 16,359,884.82 23,706,518.81

Eni SpA 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 3,655,642.51 8,866,591.32 4,454,982.16 2,559,651.37 3,994,293.28

BUE:E vs XOM, CVX: EBIT Comparison

For the Oil & Gas Integrated subindustry, Eni SpA'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.


Eni SpA EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's EV-to-EBIT distribution charts can be found below:

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


BUE:E
51GF Score
Eni SpA BUE:E
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Eni SpA 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 ARS19,875,518 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 ARS19,875,518 Mil mean?
Eni SpA (BUE:E) has a EBIT of ARS19,875,518 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Eni SpA.
Is Eni SpA's EBIT too high?
Eni SpA's current EBIT is ARS19,875,518 Mil. Overall, Eni SpA has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's EBIT compare to XOM and CVX?
Eni SpA's EBIT of ARS19,875,518 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good EBIT depends on the Oil & Gas 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 Eni SpA. Eni SpA's current EBIT is ARS19,875,518 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eni SpA stock overvalued right now?
Based on GuruFocus' analysis, Eni SpA (BUE:E) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS12,529.33, compared to a current price of ARS18,030.00 — trading 43.9% above its estimated fair value. The current EBIT is ARS19,875,518 Mil. Eni SpA's overall GF Score™ is 51/100 with 4 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 Eni SpA (BUE:E), the current EBIT is ARS19,875,518 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 Eni SpA (BUE:E) Overvalued in 2026?

Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued. The current stock price of ARS18,030.00 is trading 43.9% above its estimated GF Value™ of ARS12,529.33. GuruFocus considers Eni SpA to be Significantly Overvalued.

Key valuation signals for BUE:E:

  • EBIT: ARS19,875,518 Mil
  • GF Value™: ARS12,529.33 vs. price of ARS18,030.00 (43.9% above fair value)
  • GF Score™: 51/100 with 4 warning signs

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


Eni SpA Business Description

Industry EnergyOil & Gas
Address 1, Piazzale Enrico Mattei, Rome, ITA, 00144
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
51GF Score

Get the complete analysis for BUE:E

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

ARS18,030.00
Price
ARS12,529.33
GF Value