Caesars Entertainment (FRA:2ER) EBIT: €1,619 Mil (TTM As of Mar. 2026)


FRA:2ER Caesars Entertainment Inc FRA:2ER
79 GF Score
Price €25.79
GF Value €33.46
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Caesars Entertainment EBIT?

Caesars Entertainment FRA:2ER +1.46% 79 EBIT is €1,619 Mil as of Mar. 2026. GuruFocus rates FRA:2ER with a GF Score™ of 79/100 and a GF Value™ of €33.46 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Caesars Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €433 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,619 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Caesars Entertainment's annualized ROC % for the quarter that ended in Mar. 2026 was 6.68%. Caesars Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Caesars Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.09%.

Caesars Entertainment  (FRA:2ER) EBIT Explanation

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

Caesars Entertainment'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 )
=1743.84 * ( 1 - 0% )/( (26241.712 + 25930.97)/ 2 )
=1743.84/26086.341
=6.68 %

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))
=27019.706 - 1162.294 - ( 757.498 - max(0, 1924.062 - 1539.762+757.498))
=26241.712

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))
=27389.36 - 1733.46 - ( 749.955 - max(0, 1832.07 - 1557+749.955))
=25930.97

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

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

Caesars Entertainment'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 )
=1730/( ( (12261.732 + max(-1027.362, 0)) + (12311.545 + max(-926.415, 0)) )/ 2 )
=1730/( ( 12261.732 + 12311.545 )/ 2 )
=1730/12286.6385
=14.08 %

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)
=(406.504 + 36.722 + 339.038) - (1162.294 + 466.284 + 181.048)
=-1027.362

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(381.465 + 40.655 + 384.925) - (1733.46 + 0 + 0)
=-926.415

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1619.49/26601.449
=6.09 %

* 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.

Caesars Entertainment EBIT Related Terms

Caesars Entertainment EBIT Historical Data

* Premium members only.

The historical data trend for Caesars Entertainment'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.

Caesars Entertainment EBIT Chart

Caesars Entertainment 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 922.17 1,616.13 2,103.60 2,151.62 1,602.10

Caesars Entertainment 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 456.03 462.98 440.48 283.53 432.50

FRA:2ER vs BYD, MTN, HGV: EBIT Comparison

For the Resorts & Casinos subindustry, Caesars Entertainment'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.

Caesars Entertainment EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Entertainment's EV-to-EBIT distribution charts can be found below:

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


FRA:2ER
79GF Score
Caesars Entertainment Inc FRA:2ER
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caesars Entertainment 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 €1,619 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 €1,619 Mil mean?
Caesars Entertainment (FRA:2ER) has a EBIT of €1,619 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Caesars Entertainment.
Is Caesars Entertainment's EBIT too high?
Caesars Entertainment's current EBIT is €1,619 Mil. Overall, Caesars Entertainment has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caesars Entertainment's EBIT compare to BYD and MTN?
Caesars Entertainment's EBIT of €1,619 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Caesars Entertainment. Caesars Entertainment's current EBIT is €1,619 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caesars Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Caesars Entertainment (FRA:2ER) is currently considered Modestly Undervalued. The stock's GF Value™ is €33.46, compared to a current price of €25.79 — trading 22.9% below its estimated fair value. The current EBIT is €1,619 Mil. Caesars Entertainment's overall GF Score™ is 79/100 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 Caesars Entertainment (FRA:2ER), the current EBIT is €1,619 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 Caesars Entertainment (FRA:2ER) Overvalued in 2026?

Based on GuruFocus' analysis, Caesars Entertainment stock appears to be undervalued. The current stock price of €25.79 is trading 22.9% below its estimated GF Value™ of €33.46. GuruFocus considers Caesars Entertainment to be Modestly Undervalued.

Key valuation signals for FRA:2ER:

  • EBIT: €1,619 Mil
  • GF Value™: €33.46 vs. price of €25.79 (22.9% below fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the FRA:2ER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Caesars Entertainment Business Description

Address 100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
Caesars Entertainment's stand-alone portfolio includes about 50 domestic gaming properties across the Las Vegas (48% of 2025 EBITDAR) and regional (49%) markets. Additionally, the company hosts managed properties and digital assets that produced marginal EBITDA in 2025. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform. The portfolio is set to expand to more than 60 casinos with the proposed acquisition of Caesars by Fertitta Entertainment and its Golden Nugget resorts.
79GF Score

Get the complete analysis for FRA:2ER

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

€25.79
Price
€33.46
GF Value