Reach Subsea ASA (FRA:4RS) EBIT: €-7.0 Mil (TTM As of Mar. 2026)


FRA:4RS Reach Subsea ASA FRA:4RS
82 GF Score
Price €0.45
GF Value €0.57
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Reach Subsea ASA EBIT?

Reach Subsea ASA FRA:4RS -0.77% 82 EBIT is €-7.0 Mil as of Mar. 2026. GuruFocus rates FRA:4RS with a GF Score™ of 82/100 and a GF Value™ of €0.57 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Reach Subsea ASA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-16.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-7.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Reach Subsea ASA's annualized ROC % for the quarter that ended in Mar. 2026 was -20.13%. Reach Subsea ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -40.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Reach Subsea ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.57%.


Reach Subsea ASA  (FRA:4RS) EBIT Explanation

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

Reach Subsea ASA'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 )
=-68.828 * ( 1 - 11.58% )/( (293.593 + 311.194)/ 2 )
=-60.8577176/302.3935
=-20.13 %

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))
=304.678 - 24.521 - ( 46.338 - max(0, 118.874 - 105.438+46.338))
=293.593

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

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

Reach Subsea ASA'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 )
=-65.6/( ( (160.994 + max(-10.263, 0)) + (163.629 + max(-2.197, 0)) )/ 2 )
=-65.6/( ( 160.994 + 163.629 )/ 2 )
=-65.6/162.3115
=-40.42 %

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)
=(31.311 + 0.952 + 11.172) - (24.521 + 0 + 29.177)
=-10.263

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.326 + 2.115 + 0) - (17.02 + 0 + 26.618)
=-2.197

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:

Reach Subsea ASA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-6.96/271.126
=-2.57 %

* 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.


Reach Subsea ASA EBIT Related Terms


Reach Subsea ASA EBIT Historical Data

* Premium members only.

The historical data trend for Reach Subsea ASA'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.

Reach Subsea ASA EBIT Chart

Reach Subsea ASA 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 7.97 10.84 31.94 29.98 17.51

Reach Subsea ASA 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 8.32 10.00 4.59 -5.15 -16.40

FRA:4RS vs SLB, BKR, HAL: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, Reach Subsea ASA'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.


Reach Subsea ASA EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reach Subsea ASA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Reach Subsea ASA's EV-to-EBIT falls into.


FRA:4RS
82GF Score
Reach Subsea ASA FRA:4RS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Reach Subsea ASA 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 €-7.0 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 €-7.0 Mil mean?
Reach Subsea ASA (FRA:4RS) has a EBIT of €-7.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Reach Subsea ASA.
Is Reach Subsea ASA's EBIT too high?
Reach Subsea ASA's current EBIT is €-7.0 Mil. Overall, Reach Subsea ASA has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reach Subsea ASA's EBIT compare to SLB and BKR?
Reach Subsea ASA's EBIT of €-7.0 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good EBIT depends on the Oil & Gas 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 Reach Subsea ASA. Reach Subsea ASA's current EBIT is €-7.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reach Subsea ASA stock overvalued right now?
Based on GuruFocus' analysis, Reach Subsea ASA (FRA:4RS) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.57, compared to a current price of €0.45 — trading 21.1% below its estimated fair value. The current EBIT is €-7.0 Mil. Reach Subsea ASA's overall GF Score™ is 82/100 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 Reach Subsea ASA (FRA:4RS), the current EBIT is €-7.0 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 Reach Subsea ASA (FRA:4RS) Overvalued in 2026?

Based on GuruFocus' analysis, Reach Subsea ASA stock appears to be undervalued. The current stock price of €0.45 is trading 21.1% below its estimated GF Value™ of €0.57. GuruFocus considers Reach Subsea ASA to be Modestly Undervalued.

Key valuation signals for FRA:4RS:

  • EBIT: €-7.0 Mil
  • GF Value™: €0.57 vs. price of €0.45 (21.1% below fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the FRA:4RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Reach Subsea ASA Business Description

Industry EnergyOil & Gas
Address Mollervegen 6, Haugesund, NOR, 5525
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment. Geographically, the company has operated multiple regions, including Brazil, the U.S Gulf, the Caribbean, the Atlantic, the Mediterranean, West Africa including Ivory Coast, the Baltic, the Middle East, and the Asia-Pacific region, covering Singapore, Taiwan, Japan, Australia and Oceania.
82GF Score

Get the complete analysis for FRA:4RS

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

€0.45
Price
€0.57
GF Value