Benefit Systems (FRA:3ZV) EBIT: €274 Mil (TTM As of Mar. 2026)


FRA:3ZV Benefit Systems SA FRA:3ZV
91 GF Score
Price €1,101.00
GF Value €916.56
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Benefit Systems EBIT?

Benefit Systems FRA:3ZV +0.55% 91 EBIT is €274 Mil as of Mar. 2026. GuruFocus rates FRA:3ZV with a GF Score™ of 91/100 and a GF Value™ of €916.56 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Benefit Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €274 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Benefit Systems's annualized ROC % for the quarter that ended in Mar. 2026 was 10.35%. Benefit Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Benefit Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.25%.


Benefit Systems  (FRA:3ZV) EBIT Explanation

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

Benefit 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 )
=216.312 * ( 1 - 20.36% )/( (1635.785 + 1692.225)/ 2 )
=172.2708768/1664.005
=10.35 %

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))
=1642.754 - 96.642 - ( 144.93 - max(0, 369.163 - 279.49+144.93))
=1635.785

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))
=1750.012 - 163.463 - ( 139.56 - max(0, 376.462 - 270.786+139.56))
=1692.225

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

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

Benefit 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 )
=323.56/( ( (717.205 + max(-141.538, 0)) + (782.432 + max(-144.595, 0)) )/ 2 )
=323.56/( ( 717.205 + 782.432 )/ 2 )
=323.56/749.8185
=43.15 %

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)
=(94.993 + 2.974 + 23.318) - (96.642 + 0 + 166.181)
=-141.538

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(119.007 + 3.274 + 0.011000000000024) - (163.463 + 0 + 103.424)
=-144.595

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=274.282/4385.950
=6.25 %

* 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.


Benefit Systems EBIT Related Terms


Benefit Systems EBIT Historical Data

* Premium members only.

The historical data trend for Benefit 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.

Benefit Systems EBIT Chart

Benefit 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 0.72 47.34 137.29 151.81 213.79

Benefit 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 24.28 58.94 76.52 57.93 80.89

FRA:3ZV vs AS, HAS, LTH: EBIT Comparison

For the Leisure subindustry, Benefit 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.


Benefit Systems EV-to-EBIT vs Travel & Leisure Industry

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

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


FRA:3ZV
91GF Score
Benefit Systems SA FRA:3ZV
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Benefit 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 €274 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 €274 Mil mean?
Benefit Systems (FRA:3ZV) has a EBIT of €274 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Benefit Systems.
Is Benefit Systems' EBIT too high?
Benefit Systems' current EBIT is €274 Mil. Overall, Benefit Systems has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Systems' EBIT compare to AS and HAS?
Benefit Systems' EBIT of €274 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 Benefit Systems. Benefit Systems's current EBIT is €274 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Systems stock overvalued right now?
Based on GuruFocus' analysis, Benefit Systems (FRA:3ZV) is currently considered Modestly Overvalued. The stock's GF Value™ is €916.56, compared to a current price of €1,101.00 — trading 20.1% above its estimated fair value. The current EBIT is €274 Mil. Benefit Systems' overall GF Score™ is 91/100 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 Benefit Systems (FRA:3ZV), the current EBIT is €274 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 Benefit Systems (FRA:3ZV) Overvalued in 2026?

Based on GuruFocus' analysis, Benefit Systems stock appears to be overvalued. The current stock price of €1,101.00 is trading 20.1% above its estimated GF Value™ of €916.56. GuruFocus considers Benefit Systems to be Modestly Overvalued.

Key valuation signals for FRA:3ZV:

  • EBIT: €274 Mil
  • GF Value™: €916.56 vs. price of €1,101.00 (20.1% above fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the FRA:3ZV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Benefit Systems Business Description

Other Exchanges BFT:Poland0Q3J:UK
Address European Square 2, Warsaw, POL, 00-844
Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.
91GF Score

Get the complete analysis for FRA:3ZV

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

€1,101.00
Price
€916.56
GF Value