CDEVF (City Developments) EBIT: $954 Mil (TTM As of Dec. 2025)


CDEVF City Developments Ltd CDEVF
67 GF Score
Price $6.49
GF Value $4.55
Valuation Significantly Overvalued
! 7 Warning Signs
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What is City Developments EBIT?

City Developments CDEVF -3.85% 67 EBIT is $954 Mil as of Dec. 2025. GuruFocus rates CDEVF with a GF Score™ of 67/100 and a GF Value™ of $4.55 (Significantly Overvalued). The stock has 7 warning signs investors should review.

City Developments's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $658 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $954 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. City Developments's annualized ROC % for the quarter that ended in Dec. 2025 was 0.82%. City Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. City Developments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.21%.

City Developments  (OTCPK:CDEVF) EBIT Explanation

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

City Developments's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=178.334 * ( 1 - 14.28% )/( (18252.205 + 19061.445)/ 2 )
=152.8679048/18656.825
=0.82 %

where

Invested Capital(Q: Jun. 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))
=20072.48 - 326.223 - ( 1494.052 - max(0, 5026.996 - 7640.834+1494.052))
=18252.205

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))
=20956.891 - 337.305 - ( 1558.141 - max(0, 3847.349 - 8583.737+1558.141))
=19061.445

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

City Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1316.992/( ( (3834.966 + max(3970.441, 0)) + (4277.167 + max(4728.919, 0)) )/ 2 )
=1316.992/( ( 7805.407 + 9006.086 )/ 2 )
=1316.992/8405.7465
=15.67 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(195.247 + 4611.839 + 463.601) - (326.223 + 0 + 974.023)
=3970.441

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(220.705 + 5541.261 + 324.454) - (337.305 + 0 + 1020.196)
=4728.919

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

City Developments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=953.771/15361.431
=6.21 %

* 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.

City Developments EBIT Related Terms

City Developments EBIT Historical Data

* Premium members only.

The historical data trend for City Developments'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.

City Developments EBIT Chart

City Developments 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 290.26 1,551.04 688.14 683.21 951.82

City Developments Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 406.03 312.39 370.91 295.28 658.50

City Developments EBIT Competitor Comparison

For the Real Estate - Development subindustry, City Developments'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.

City Developments EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, City Developments's EV-to-EBIT distribution charts can be found below:

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


CDEVF
67GF Score
City Developments Ltd CDEVF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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City Developments 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $954 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 $954 Mil mean?
City Developments (CDEVF) has a EBIT of $954 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on City Developments.
Is City Developments' EBIT too high?
City Developments' current EBIT is $954 Mil. Overall, City Developments has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does City Developments' EBIT compare to competitors?
City Developments' EBIT of $954 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 City Developments. City Developments's current EBIT is $954 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City Developments stock overvalued right now?
Based on GuruFocus' analysis, City Developments (CDEVF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.55, compared to a current price of $6.49 — trading 42.6% above its estimated fair value. The current EBIT is $954 Mil. City Developments' overall GF Score™ is 67/100 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 City Developments (CDEVF), the current EBIT is $954 Mil as of Dec. 2025. 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 City Developments (CDEVF) Overvalued in 2026?

Based on GuruFocus' analysis, City Developments stock appears to be overvalued. The current stock price of $6.49 is trading 42.6% above its estimated GF Value™ of $4.55. GuruFocus considers City Developments to be Significantly Overvalued.

Key valuation signals for CDEVF:

  • EBIT: $954 Mil
  • GF Value™: $4.55 vs. price of $6.49 (42.6% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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

City Developments Business Description

Address 9 Raffles Place, No. 12-01 Republic Plaza, Singapore, SGP, 048619
City Developments Ltd operates as a property developer and owner, and investment holding company. Along with its subsidiaries, its principal activities are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management, and provision of consultancy, procurement, and laundry services. The company's reportable segments are; Property development, Hotel operations, and Investment properties. The majority of the revenue is generated from its Property development segment which develops and purchases properties for sale. Key revenue for the company is generated from its operations in Singapore and the rest from Japan, China, the United States, United Kingdom, and other regions.
67GF Score

Get the complete analysis for CDEVF

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

$6.49
Price
$4.55
GF Value