Emaar Development PJSC (DFM:EMAARDEV) EBIT: د.إ16,936 Mil (TTM As of Mar. 2026)


DFM:EMAARDEV Emaar Development PJSC DFM:EMAARDEV
100 GF Score
Price د.إ14.04
GF Value د.إ20.13
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Emaar Development PJSC EBIT?

Emaar Development PJSC DFM:EMAARDEV +1.30% 100 EBIT is د.إ16,936 Mil as of Mar. 2026. GuruFocus rates DFM:EMAARDEV with a GF Score™ of 100/100 and a GF Value™ of د.إ20.13 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Emaar Development PJSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was د.إ4,051 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ16,936 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emaar Development PJSC's annualized ROC % for the quarter that ended in Mar. 2026 was 18.50%. Emaar Development PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 78,190.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Emaar Development PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 121.33%.

Emaar Development PJSC  (DFM:EMAARDEV) EBIT Explanation

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

Emaar Development PJSC'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 )
=12943.812 * ( 1 - 13.4% )/( (58193.995 + 62963.673)/ 2 )
=11209.341192/60578.834
=18.50 %

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))
=80894.278 - 9179.875 - ( 41309.753 - max(0, 38609.633 - 52130.041+41309.753))
=58193.995

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))
=89103.429 - 15025.595 - ( 46813.259 - max(0, 48264.015 - 59378.176+46813.259))
=62963.673

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

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

Emaar Development PJSC'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 )
=16204.684/( ( (13.385 + max(-35437.266, 0)) + (28.064 + max(-43160.716, 0)) )/ 2 )
=16204.684/( ( 13.385 + 28.064 )/ 2 )
=16204.684/20.7245
=78,190.95 %

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)
=(1206.649 + 0 + 1965.718) - (9179.875 + 0 + 29429.758)
=-35437.266

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1255.846 + 0 + 3847.453) - (15025.595 + 0 + 33238.42)
=-43160.716

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:

Emaar Development PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=16935.665/13958.115
=121.33 %

* 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.

Emaar Development PJSC EBIT Related Terms

Emaar Development PJSC EBIT Historical Data

* Premium members only.

The historical data trend for Emaar Development PJSC'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.

Emaar Development PJSC EBIT Chart

Emaar Development PJSC 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 4,326.54 4,438.68 8,604.09 10,489.14 15,653.55

Emaar Development PJSC 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 2,769.05 2,745.77 4,286.77 5,851.95 4,051.17

Emaar Development PJSC EBIT Competitor Comparison

For the Real Estate - Development subindustry, Emaar Development PJSC'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.

Emaar Development PJSC EV-to-EBIT vs Real Estate Industry

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

* The bar in red indicates where Emaar Development PJSC's EV-to-EBIT falls into.


DFM:EMAARDEV
100GF Score
Emaar Development PJSC DFM:EMAARDEV
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Emaar Development PJSC 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 د.إ16,936 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 د.إ16,936 Mil mean?
Emaar Development PJSC (DFM:EMAARDEV) has a EBIT of د.إ16,936 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Emaar Development PJSC.
Is Emaar Development PJSC's EBIT too high?
Emaar Development PJSC's current EBIT is د.إ16,936 Mil. Overall, Emaar Development PJSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Development PJSC's EBIT compare to competitors?
Emaar Development PJSC's EBIT of د.إ16,936 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 Emaar Development PJSC. Emaar Development PJSC's current EBIT is د.إ16,936 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Development PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Development PJSC (DFM:EMAARDEV) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ20.13, compared to a current price of د.إ14.04 — trading 30.3% below its estimated fair value. The current EBIT is د.إ16,936 Mil. Emaar Development PJSC's overall GF Score™ is 100/100 with 1 warning sign 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 Emaar Development PJSC (DFM:EMAARDEV), the current EBIT is د.إ16,936 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 Emaar Development PJSC (DFM:EMAARDEV) Overvalued in 2026?

Based on GuruFocus' analysis, Emaar Development PJSC stock appears to be undervalued. The current stock price of د.إ14.04 is trading 30.3% below its estimated GF Value™ of د.إ20.13. GuruFocus considers Emaar Development PJSC to be Significantly Undervalued.

Key valuation signals for DFM:EMAARDEV:

  • EBIT: د.إ16,936 Mil
  • GF Value™: د.إ20.13 vs. price of د.إ14.04 (30.3% below fair value)
  • GF Score™: 100/100 with 1 warning sign

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

Emaar Development PJSC Business Description

Address Dubai Hills Estate Business Park, Building 1, Level 7, P.O. Box 9440, Dubai, ARE
Emaar Development PJSC is a property developer and provider of lifestyle-focused real estate, with operations in the Middle East, North Africa, and Asia. Its principal activities are property investment, development and development management, shopping malls and retail, entertainment, hospitality, property management and utility services and investments in providers of financial services. The majority of the company'ss revenue is derived from the sale of residential units. Geographically, the company is currently operating only in the UAE.
100GF Score

Get the complete analysis for DFM:EMAARDEV

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

د.إ14.04
Price
د.إ20.13
GF Value