Altarea SCA (CHIX:ALTAP) EBIT: €135 Mil (TTM As of Dec. 2025)


CHIX:ALTAP Altarea SCA CHIX:ALTAP
66 GF Score
Price €96.95
GF Value €74.11
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Altarea SCA EBIT?

Altarea SCA CHIX:ALTAP 66 EBIT is €135 Mil as of Dec. 2025. GuruFocus rates CHIX:ALTAP with a GF Score™ of 66/100 and a GF Value™ of €74.11 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Altarea SCA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €135 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altarea SCA's annualized ROC % for the quarter that ended in Dec. 2025 was 2.64%. Altarea SCA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 34.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Altarea SCA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.28%.


Altarea SCA  (CHIX:ALTAp) EBIT Explanation

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

Altarea SCA'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 )
=152.4 * ( 1 - 0% )/( (5664.2 + 5901.2)/ 2 )
=152.4/5782.7
=2.64 %

where

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:

Altarea SCA'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 )
=95.8/( ( (298.8 + max(-160.3, 0)) + (259 + max(-28.9, 0)) )/ 2 )
=95.8/( ( 298.8 + 259 )/ 2 )
=95.8/278.9
=34.35 %

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)
=(335.9 + 986 + 513.2) - (1818.5 + 0 + 176.9)
=-160.3

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(286.8 + 907.8 + 705.5) - (1673.7 + 0 + 255.3)
=-28.9

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:

Altarea SCA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=134.6/5916.372
=2.28 %

* 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.


Altarea SCA EBIT Related Terms


Altarea SCA EBIT Historical Data

* Premium members only.

The historical data trend for Altarea SCA'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.

Altarea SCA EBIT Chart

Altarea SCA 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 335.60 540.20 -551.50 171.20 134.60

Altarea SCA 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 -581.60 108.60 62.60 86.70 47.90

CHIX:ALTAP vs AVB, EQR, ESS: EBIT Comparison

For the REIT - Residential subindustry, Altarea SCA'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.


Altarea SCA EV-to-EBIT vs REITs Industry

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

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


CHIX:ALTAP
66GF Score
Altarea SCA CHIX:ALTAP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Altarea SCA 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 €135 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 €135 Mil mean?
Altarea SCA (CHIX:ALTAP) has a EBIT of €135 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Altarea SCA.
Is Altarea SCA's EBIT too high?
Altarea SCA's current EBIT is €135 Mil. Overall, Altarea SCA has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altarea SCA's EBIT compare to AVB and EQR?
Altarea SCA's EBIT of €135 Mil can be compared against companies in the REITs 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 REITs company?
A good EBIT depends on the REITs 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 Altarea SCA. Altarea SCA's current EBIT is €135 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altarea SCA stock overvalued right now?
Based on GuruFocus' analysis, Altarea SCA (CHIX:ALTAP) is currently considered Significantly Overvalued. The stock's GF Value™ is €74.11, compared to a current price of €96.95 — trading 30.8% above its estimated fair value. The current EBIT is €135 Mil. Altarea SCA's overall GF Score™ is 66/100 with 6 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 Altarea SCA (CHIX:ALTAP), the current EBIT is €135 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 Altarea SCA (CHIX:ALTAP) Overvalued in 2026?

Based on GuruFocus' analysis, Altarea SCA stock appears to be overvalued. The current stock price of €96.95 is trading 30.8% above its estimated GF Value™ of €74.11. GuruFocus considers Altarea SCA to be Significantly Overvalued.

Key valuation signals for CHIX:ALTAP:

  • EBIT: €135 Mil
  • GF Value™: €74.11 vs. price of €96.95 (30.8% above fair value)
  • GF Score™: 66/100 with 6 warning signs

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


Altarea SCA Business Description

Industry Real EstateREITs
Address 87 rue de Richelieu, Paris, FRA, 75008
Altarea SCA is a real estate investment trust predominantly engaged in the acquisition, development, and management of properties throughout Western and Southern Europe. The company's real estate portfolio is composed of residential, retail, office, and mixed-use spaces. Altarea derives the majority of its revenue from rental income related to the leasing of its real estate assets. Its operating segments are; Retail; Residential; Business property; New businesses; and Others. Maximum rental income is generated from the Retail segment which consists of shopping centers under management or development. Geographically, it generates maximum revenue from France and the rest from Italy, Spain, and other regions.
66GF Score

Get the complete analysis for CHIX:ALTAP

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

€96.95
Price
€74.11
GF Value