Industrial & Infrastructure Fund Investment (FRA:2ES) EBIT: €127.0 Mil (TTM As of Jan. 2026)


FRA:2ES Industrial & Infrastructure Fund Investment Corp FRA:2ES
76 GF Score
Price €770.00
GF Value €759.39
! 7 Warning Signs
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What is Industrial & Infrastructure Fund Investment EBIT?

Industrial & Infrastructure Fund Investment FRA:2ES +1.32% 76 EBIT is €127.0 Mil as of Jan. 2026. GuruFocus rates FRA:2ES with a GF Score™ of 76/100 and a GF Value™ of €759.39. The stock has 7 warning signs investors should review.

Industrial & Infrastructure Fund Investment's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2026 was €66.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2026 was €127.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Industrial & Infrastructure Fund Investment's annualized ROC % for the quarter that ended in Jan. 2026 was 4.25%. Industrial & Infrastructure Fund Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 4.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Industrial & Infrastructure Fund Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 3.69%.

Industrial & Infrastructure Fund Investment  (FRA:2ES) EBIT Explanation

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

Industrial & Infrastructure Fund Investment's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=135.688 * ( 1 - 0.01% )/( (3244.974 + 3146.713)/ 2 )
=135.6744312/3195.8435
=4.25 %

where

Invested Capital(Q: Jul. 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))
=3226.092 - 17.935 - ( 91.922 - max(0, 207.773 - 170.956+91.922))
=3244.974

Invested Capital(Q: Jan. 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))
=3075.838 - 14.072 - ( 108.06 - max(0, 256.956 - 172.009+108.06))
=3146.713

Note: The Operating Income data used here is two times the semi-annual (Jan. 2026) data.

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

Industrial & Infrastructure Fund Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=132.588/( ( (2819.959 + max(36.605, 0)) + (2683.489 + max(34.07, 0)) )/ 2 )
=132.588/( ( 2856.564 + 2717.559 )/ 2 )
=132.588/2787.0615
=4.76 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.833 + 0 + 69.201) - (17.935 + 0 + 24.494)
=36.605

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.185 + 0 + 54.764) - (14.072 + 0 + 15.807)
=34.07

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Industrial & Infrastructure Fund Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2026 )
=127.026/3447.011
=3.69 %

* 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.

Industrial & Infrastructure Fund Investment EBIT Related Terms

Industrial & Infrastructure Fund Investment EBIT Historical Data

* Premium members only.

The historical data trend for Industrial & Infrastructure Fund Investment'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.

Industrial & Infrastructure Fund Investment EBIT Chart

Industrial & Infrastructure Fund Investment Annual Data
Trend Dec16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.85 98.68 94.90 103.09 118.28

Industrial & Infrastructure Fund Investment Semi-Annual Data
Jun16 Dec16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 49.90 56.54 61.02 60.73 66.29

FRA:2ES vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, Industrial & Infrastructure Fund Investment'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.

Industrial & Infrastructure Fund Investment EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Industrial & Infrastructure Fund Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Industrial & Infrastructure Fund Investment's EV-to-EBIT falls into.


FRA:2ES
76GF Score
Industrial & Infrastructure Fund Investment Corp FRA:2ES
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Industrial & Infrastructure Fund Investment 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €127.0 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 €127.0 Mil mean?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a EBIT of €127.0 Mil as of Jan. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Industrial & Infrastructure Fund Investment.
Is Industrial & Infrastructure Fund Investment's EBIT too high?
Industrial & Infrastructure Fund Investment's current EBIT is €127.0 Mil. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's EBIT compare to PLD and PSA?
Industrial & Infrastructure Fund Investment's EBIT of €127.0 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 Industrial & Infrastructure Fund Investment. Industrial & Infrastructure Fund Investment's current EBIT is €127.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current EBIT of €127.0 Mil. The stock's GF Value™ is €759.39, compared to a current price of €770.00 — trading 1.4% above its estimated fair value. The current EBIT is €127.0 Mil. Industrial & Infrastructure Fund Investment's overall GF Score™ is 76/100 with 7 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 Industrial & Infrastructure Fund Investment (FRA:2ES), the current EBIT is €127.0 Mil as of Jan. 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued. The current stock price of €770.00 is trading 1.4% above its estimated GF Value™ of €759.39.

Key valuation signals for FRA:2ES:

  • EBIT: €127.0 Mil
  • GF Value™: €759.39 vs. price of €770.00 (1.4% above fair value)
  • GF Score™: 76/100 with 7 warning signs

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

Industrial & Infrastructure Fund Investment Business Description

Industry Real EstateREITs
Other Exchanges 3249:Japan
Address Tokyo Building 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6420
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
76GF Score

Get the complete analysis for FRA:2ES

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

€770.00
Price
€759.39
GF Value