FNCDY (Covivio) EBIT: $1,424 Mil (TTM As of Dec. 2025)


FNCDY Covivio SA FNCDY
60 GF Score
Price $17.03
GF Value $11.16
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Covivio EBIT?

Covivio FNCDY 60 EBIT is $1,424 Mil as of Dec. 2025. GuruFocus rates FNCDY with a GF Score™ of 60/100 and a GF Value™ of $11.16 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Covivio's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $615 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $1,424 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Covivio's annualized ROC % for the quarter that ended in Dec. 2025 was 1.38%. Covivio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 47.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Covivio's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.06%.


Covivio  (OTCPK:FNCDY) EBIT Explanation

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

Covivio'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 )
=408.9 * ( 1 - 0% )/( (29874.856 + 29433.489)/ 2 )
=408.9/29654.1725
=1.38 %

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))
=29564.706 - 681.084 - ( 1573.01 - max(0, 4086.736 - 3095.502+1573.01))
=29874.856

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))
=29669.906 - 480.328 - ( 1414.286 - max(0, 3248.829 - 3004.918+1414.286))
=29433.489

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:

Covivio'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 )
=1230.444/( ( (2298.616 + max(-3.2289999999999, 0)) + (2302.459 + max(543.911, 0)) )/ 2 )
=1230.444/( ( 2298.616 + 2846.37 )/ 2 )
=1230.444/2572.493
=47.83 %

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)
=(411.073 + 292.503 + 591.35) - (681.084 + 0 + 617.071)
=-3.2289999999999

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(265.222 + 469.438 + 734.192) - (480.328 + 0 + 444.613)
=543.911

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1423.526/23481.146
=6.06 %

* 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.


Covivio EBIT Related Terms


Covivio EBIT Historical Data

* Premium members only.

The historical data trend for Covivio'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.

Covivio EBIT Chart

Covivio 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 1,818.24 1,516.47 -1,988.66 577.17 1,435.83

Covivio 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 -1,010.80 248.44 335.50 808.30 615.22

FNCDY vs VICI, WPC, BNL: EBIT Comparison

For the REIT - Diversified subindustry, Covivio'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.


Covivio EV-to-EBIT vs REITs Industry

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

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


FNCDY
60GF Score
Covivio SA FNCDY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Covivio 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 $1,424 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 $1,424 Mil mean?
Covivio (FNCDY) has a EBIT of $1,424 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Covivio.
Is Covivio's EBIT too high?
Covivio's current EBIT is $1,424 Mil. Overall, Covivio has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Covivio's EBIT compare to VICI and WPC?
Covivio's EBIT of $1,424 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 Covivio. Covivio's current EBIT is $1,424 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covivio stock overvalued right now?
Based on GuruFocus' analysis, Covivio (FNCDY) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.16, compared to a current price of $17.03 — trading 52.6% above its estimated fair value. The current EBIT is $1,424 Mil. Covivio's overall GF Score™ is 60/100 with 8 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 Covivio (FNCDY), the current EBIT is $1,424 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 Covivio (FNCDY) Overvalued in 2026?

Based on GuruFocus' analysis, Covivio stock appears to be overvalued. The current stock price of $17.03 is trading 52.6% above its estimated GF Value™ of $11.16. GuruFocus considers Covivio to be Significantly Overvalued.

Key valuation signals for FNCDY:

  • EBIT: $1,424 Mil
  • GF Value™: $11.16 vs. price of $17.03 (52.6% above fair value)
  • GF Score™: 60/100 with 8 warning signs

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


Covivio Business Description

Industry Real EstateREITs
Address 18 Avenue Francois Mitterrand, Metz, FRA, 57000
Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the majority revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.
60GF Score

Get the complete analysis for FNCDY

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

$17.03
Price
$11.16
GF Value