FOJCF (Fortum Oyj) EBIT: $1,380 Mil (TTM As of Mar. 2026)


FOJCF Fortum Oyj FOJCF
65 GF Score
Price $22.00
GF Value $13.87
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Fortum Oyj EBIT?

Fortum Oyj FOJCF 65 EBIT is $1,380 Mil as of Mar. 2026. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.87 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Fortum Oyj's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $653 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,380 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortum Oyj's annualized ROC % for the quarter that ended in Mar. 2026 was 13.12%. Fortum Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortum Oyj's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.44%.

Fortum Oyj  (OTCPK:FOJCF) EBIT Explanation

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

Fortum Oyj'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 )
=2404.624 * ( 1 - 19.81% )/( (15331.381 + 14071.675)/ 2 )
=1928.2679856/14701.528
=13.12 %

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))
=19255.269 - 710.773 - ( 3398.126 - max(0, 2679.157 - 5892.272+3398.126))
=15331.381

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))
=18490.173 - 1714.451 - ( 2864.74 - max(0, 2506.358 - 5210.405+2864.74))
=14071.675

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

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

Fortum Oyj'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 )
=2612.716/( ( (7695.55 + max(788.057, 0)) + (7579.191 + max(55.492, 0)) )/ 2 )
=2612.716/( ( 8483.607 + 7634.683 )/ 2 )
=2612.716/8059.145
=32.42 %

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)
=(896.956 + 599.532 + 622.951) - (710.773 + 0 + 620.609)
=788.057

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1143.353 + 582.659 + 516.763) - (1714.451 + 0 + 472.832)
=55.492

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1379.938/21423.119
=6.44 %

* 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.

Fortum Oyj EBIT Related Terms

Fortum Oyj EBIT Historical Data

* Premium members only.

The historical data trend for Fortum Oyj'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.

Fortum Oyj EBIT Chart

Fortum Oyj 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 5,143.50 1,937.50 2,087.24 1,741.36 1,316.16

Fortum Oyj 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 542.70 199.54 123.24 403.98 653.18

Fortum Oyj EBIT Competitor Comparison

For the Utilities - Renewable subindustry, Fortum Oyj'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.

Fortum Oyj EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's EV-to-EBIT distribution charts can be found below:

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


FOJCF
65GF Score
Fortum Oyj FOJCF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortum Oyj 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 $1,380 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 $1,380 Mil mean?
Fortum Oyj (FOJCF) has a EBIT of $1,380 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fortum Oyj.
Is Fortum Oyj's EBIT too high?
Fortum Oyj's current EBIT is $1,380 Mil. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's EBIT compare to competitors?
Fortum Oyj's EBIT of $1,380 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers 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 Fortum Oyj. Fortum Oyj's current EBIT is $1,380 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.87, compared to a current price of $22.00 — trading 58.6% above its estimated fair value. The current EBIT is $1,380 Mil. Fortum Oyj's overall GF Score™ is 65/100 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 Fortum Oyj (FOJCF), the current EBIT is $1,380 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 Fortum Oyj (FOJCF) Overvalued in 2026?

Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued. The current stock price of $22.00 is trading 58.6% above its estimated GF Value™ of $13.87. GuruFocus considers Fortum Oyj to be Significantly Overvalued.

Key valuation signals for FOJCF:

  • EBIT: $1,380 Mil
  • GF Value™: $13.87 vs. price of $22.00 (58.6% above fair value)
  • GF Score™: 65/100 with 4 warning signs

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

Fortum Oyj Business Description

Address Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
65GF Score

Get the complete analysis for FOJCF

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

$22.00
Price
$13.87
GF Value