BrightSpire Capital (FRA:41W0) EBIT: €-33.6 Mil (TTM As of Mar. 2026)


FRA:41W0 BrightSpire Capital Inc FRA:41W0
68 GF Score
Price €4.76
GF Value €4.76
Valuation Fairly Valued
! 9 Warning Signs
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What is BrightSpire Capital EBIT?

BrightSpire Capital FRA:41W0 -0.83% 68 EBIT is €-33.6 Mil as of Mar. 2026. GuruFocus rates FRA:41W0 with a GF Score™ of 68/100 and a GF Value™ of €4.76 (Fairly Valued). The stock has 9 warning signs investors should review.

BrightSpire Capital's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €7.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-33.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BrightSpire Capital's annualized ROC % for the quarter that ended in Mar. 2026 was 0.71%. BrightSpire Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 106.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BrightSpire Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.18%.


BrightSpire Capital  (FRA:41W0) EBIT Explanation

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

BrightSpire Capital'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 )
=21.36 * ( 1 - 2.91% )/( (2872.123 + 2970.725)/ 2 )
=20.738424/2921.424
=0.71 %

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))
=3044.365 - 115.204 - ( 57.038 - max(0, 123.457 - 2410.489+57.038))
=2872.123

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))
=3155.389 - 101.139 - ( 83.525 - max(0, 110.171 - 2505.637+83.525))
=2970.725

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

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

BrightSpire Capital'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 )
=28.744/( ( (16.937 + max(6.8949999999999, 0)) + (16.399 + max(13.716, 0)) )/ 2 )
=28.744/( ( 23.832 + 30.115 )/ 2 )
=28.744/26.9735
=106.56 %

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)
=(38.935 + 0 + 91.417) - (115.204 + 8.253 + 0)
=6.8949999999999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.688 + 0 + 80.199) - (101.139 + 9.031 + 0.0010000000000048)
=13.716

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-33.579/2835.688
=-1.18 %

* 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.


BrightSpire Capital EBIT Related Terms


BrightSpire Capital EBIT Historical Data

* Premium members only.

The historical data trend for BrightSpire Capital'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.

BrightSpire Capital EBIT Chart

BrightSpire Capital 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 57.60 73.56 2.11 -102.60 -31.22

BrightSpire Capital 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 9.76 -34.74 3.18 -9.21 7.19

FRA:41W0 vs IVR, RWT, ADAM: EBIT Comparison

For the REIT - Mortgage subindustry, BrightSpire Capital'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.


BrightSpire Capital EV-to-EBIT vs REITs Industry

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

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


FRA:41W0
68GF Score
BrightSpire Capital Inc FRA:41W0
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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BrightSpire Capital 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 €-33.6 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 €-33.6 Mil mean?
BrightSpire Capital (FRA:41W0) has a EBIT of €-33.6 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BrightSpire Capital.
Is BrightSpire Capital's EBIT too high?
BrightSpire Capital's current EBIT is €-33.6 Mil. Overall, BrightSpire Capital has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BrightSpire Capital's EBIT compare to IVR and RWT?
BrightSpire Capital's EBIT of €-33.6 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 BrightSpire Capital. BrightSpire Capital's current EBIT is €-33.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BrightSpire Capital stock overvalued right now?
Based on GuruFocus' analysis, BrightSpire Capital (FRA:41W0) is currently considered Fairly Valued. The stock's GF Value™ is €4.76, compared to a current price of €4.76 — trading right at its estimated fair value. The current EBIT is €-33.6 Mil. BrightSpire Capital's overall GF Score™ is 68/100 with 9 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 BrightSpire Capital (FRA:41W0), the current EBIT is €-33.6 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 BrightSpire Capital (FRA:41W0) Overvalued in 2026?

Based on GuruFocus' analysis, BrightSpire Capital stock appears to be undervalued. The current stock price of €4.76 is trading 0% below its estimated GF Value™ of €4.76. GuruFocus considers BrightSpire Capital to be Fairly Valued.

Key valuation signals for FRA:41W0:

  • EBIT: €-33.6 Mil
  • GF Value™: €4.76 vs. price of €4.76 (0% below fair value)
  • GF Score™: 68/100 with 9 warning signs

No single metric tells the full story. See the FRA:41W0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BrightSpire Capital Business Description

Industry Real EstateREITs
Other Exchanges BRSP:USA
Address 590 Madison Avenue, 33rd Floor, New York, NY, USA, 10022
BrightSpire Capital Inc is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. CRE debt investments consist of first mortgage loans with the objective of generating consistent risk-adjusted returns. The operating segments of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, Corporate and Other. Geographically, the company generates revenue from the United States.
68GF Score

Get the complete analysis for FRA:41W0

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

€4.76
Price
€4.76
GF Value