VZ Holding AG (CHIX:VZNZ) EBIT: CHF284.2 Mil (TTM As of Dec. 2025)


CHIX:VZNZ VZ Holding AG CHIX:VZNZ
93 GF Score
Price CHF150.60
GF Value CHF146.06
Valuation Fairly Valued
! 4 Warning Signs
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What is VZ Holding AG EBIT?

VZ Holding AG CHIX:VZNZ -0.66% 93 EBIT is CHF284.2 Mil as of Dec. 2025. GuruFocus rates CHIX:VZNZ with a GF Score™ of 93/100 and a GF Value™ of CHF146.06 (Fairly Valued). The stock has 4 warning signs investors should review.

VZ Holding AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was CHF147.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was CHF284.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VZ Holding AG's annualized ROC % for the quarter that ended in Dec. 2025 was 3.39%. VZ Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 162.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VZ Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.04%.


VZ Holding AG  (CHIX:VZNz) EBIT Explanation

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

VZ Holding AG'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 )
=233.83 * ( 1 - 13.42% )/( (5769.3 + 6182.011)/ 2 )
=202.450014/5975.6555
=3.39 %

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))
=8049.183 - 6029.133 - ( 2265.321 - max(0, 6226.918 - 2477.668+2265.321))
=5769.3

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))
=8270.247 - 6167.827 - ( 1944.236 - max(0, 6343.22 - 2263.629+1944.236))
=6182.011

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:

VZ Holding AG'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 )
=294.124/( ( (174.861 + max(-6071.665, 0)) + (187.213 + max(-6253.46, 0)) )/ 2 )
=294.124/( ( 174.861 + 187.213 )/ 2 )
=294.124/181.037
=162.47 %

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)
=(13.59 + 0 + 65.606) - (6029.133 + 0 + 121.728)
=-6071.665

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.252 + 0 + 23.335) - (6167.827 + 0 + 116.22)
=-6253.46

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:

VZ Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=284.196/4706.814
=6.04 %

* 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.


VZ Holding AG EBIT Related Terms


VZ Holding AG EBIT Historical Data

* Premium members only.

The historical data trend for VZ Holding AG'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.

VZ Holding AG EBIT Chart

VZ Holding AG 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 167.43 178.01 246.25 287.76 284.20

VZ Holding AG 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 134.21 138.15 149.62 137.13 147.06

CHIX:VZNZ vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, VZ Holding AG'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.


VZ Holding AG EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, VZ Holding AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where VZ Holding AG's EV-to-EBIT falls into.


CHIX:VZNZ
93GF Score
VZ Holding AG CHIX:VZNZ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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VZ Holding AG 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 CHF284.2 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 CHF284.2 Mil mean?
VZ Holding AG (CHIX:VZNZ) has a EBIT of CHF284.2 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VZ Holding AG.
Is VZ Holding AG's EBIT too high?
VZ Holding AG's current EBIT is CHF284.2 Mil. Overall, VZ Holding AG has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does VZ Holding AG's EBIT compare to BLK and BX?
VZ Holding AG's EBIT of CHF284.2 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good EBIT depends on the Asset Management 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 VZ Holding AG. VZ Holding AG's current EBIT is CHF284.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VZ Holding AG stock overvalued right now?
Based on GuruFocus' analysis, VZ Holding AG (CHIX:VZNZ) is currently considered Fairly Valued. The stock's GF Value™ is CHF146.06, compared to a current price of CHF150.60 — trading 3.1% above its estimated fair value. The current EBIT is CHF284.2 Mil. VZ Holding AG's overall GF Score™ is 93/100 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 VZ Holding AG (CHIX:VZNZ), the current EBIT is CHF284.2 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 VZ Holding AG (CHIX:VZNZ) Overvalued in 2026?

Based on GuruFocus' analysis, VZ Holding AG stock appears to be overvalued. The current stock price of CHF150.60 is trading 3.1% above its estimated GF Value™ of CHF146.06. GuruFocus considers VZ Holding AG to be Fairly Valued.

Key valuation signals for CHIX:VZNZ:

  • EBIT: CHF284.2 Mil
  • GF Value™: CHF146.06 vs. price of CHF150.60 (3.1% above fair value)
  • GF Score™: 93/100 with 4 warning signs

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


VZ Holding AG Business Description

Address Gotthardstrasse 6, Zurich, CHE, 8002
VZ Holding AG offers financial advisory services for individuals and companies in many areas. It provides Independent, transparent advice, a Consultation process, and wide-ranging advice such as retirement, real estate, mortgages, shareholdings, and insurance advice. It generates the majority of its revenue from management fees on assets under management.
93GF Score

Get the complete analysis for CHIX:VZNZ

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

CHF150.60
Price
CHF146.06
GF Value