ESLT (Elbit Systems) EBIT: $686 Mil (TTM As of Mar. 2026)


ESLT Elbit Systems Ltd ESLT
67 GF Score
Price $750.90
GF Value $363.31
Valuation Significantly Overvalued
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What is Elbit Systems EBIT?

Elbit Systems ESLT -2.70% 67 EBIT is $686 Mil as of Mar. 2026. GuruFocus rates ESLT with a GF Score™ of 67/100 and a GF Value™ of $363.31 (Significantly Overvalued).

Elbit Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $207 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $686 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elbit Systems's annualized ROC % for the quarter that ended in Mar. 2026 was 7.67%. Elbit Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Elbit Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.91%.


Elbit Systems  (NAS:ESLT) EBIT Explanation

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

Elbit Systems'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 )
=820.52 * ( 1 - 13.03% )/( (9454.456 + 9153.75)/ 2 )
=713.606244/9304.103
=7.67 %

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))
=12661.518 - 2391.317 - ( 815.745 - max(0, 5976.438 - 7735.135+815.745))
=9454.456

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))
=13231.871 - 3152.856 - ( 925.265 - max(0, 5907.724 - 8306.238+925.265))
=9153.75

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

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

Elbit Systems'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 )
=827.392/( ( (1897.74 + max(-1119.756, 0)) + (1920.949 + max(1135.059, 0)) )/ 2 )
=827.392/( ( 1897.74 + 3056.008 )/ 2 )
=827.392/2476.874
=33.40 %

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)
=(1236.425 + 2725.386 + 662.423) - (2391.317 + 2742.522 + 610.151)
=-1119.756

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3621.957 + 3241.557 + 0) - (3152.856 + 2575.599 + 0)
=1135.059

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:

Elbit Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=685.683/35927.426
=1.91 %

* 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.


Elbit Systems EBIT Related Terms


Elbit Systems EBIT Historical Data

* Premium members only.

The historical data trend for Elbit Systems'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.

Elbit Systems EBIT Chart

Elbit Systems 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 407.71 333.71 323.82 474.41 633.49

Elbit Systems 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 154.65 156.47 172.79 149.57 206.85

ESLT vs GE, RTX, BA: EBIT Comparison

For the Aerospace & Defense subindustry, Elbit Systems'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.


Elbit Systems EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's EV-to-EBIT distribution charts can be found below:

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


ESLT
67GF Score
Elbit Systems Ltd ESLT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Elbit Systems 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 $686 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 $686 Mil mean?
Elbit Systems (ESLT) has a EBIT of $686 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Elbit Systems.
Is Elbit Systems' EBIT too high?
Elbit Systems' current EBIT is $686 Mil. Overall, Elbit Systems has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elbit Systems' EBIT compare to GE and RTX?
Elbit Systems' EBIT of $686 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense 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 Elbit Systems. Elbit Systems's current EBIT is $686 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elbit Systems stock overvalued right now?
Based on GuruFocus' analysis, Elbit Systems (ESLT) is currently considered Significantly Overvalued. The stock's GF Value™ is $363.31, compared to a current price of $750.90 — trading 106.7% above its estimated fair value. The current EBIT is $686 Mil. Elbit Systems' overall GF Score™ is 67/100. 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 Elbit Systems (ESLT), the current EBIT is $686 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 Elbit Systems (ESLT) Overvalued in 2026?

Based on GuruFocus' analysis, Elbit Systems stock appears to be overvalued. The current stock price of $750.90 is trading 106.7% above its estimated GF Value™ of $363.31. GuruFocus considers Elbit Systems to be Significantly Overvalued.

Key valuation signals for ESLT:

  • EBIT: $686 Mil
  • GF Value™: $363.31 vs. price of $750.90 (106.7% above fair value)
  • GF Score™: 67/100

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


Elbit Systems Business Description

Other Exchanges ESLT:IsraelEB2:Germany
Address Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security and commercial flight capabilities. Its systems and solutions may be installed on new platforms or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company operates in five segments: Aerospace; C4I and Cyber; ISTAR and EW; Land; and ESA. It derives maximum revenue from Land Segment. Geographically, it operates in Israel; North America; Europe; Asia-Pacific; Latin America; and Others.
67GF Score

Get the complete analysis for ESLT

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

$750.90
Price
$363.31
GF Value