Victoria's Secret (FRA:8FR) EBIT: €285 Mil (TTM As of Apr. 2026)


FRA:8FR Victoria's Secret & Co FRA:8FR
64 GF Score
Price €70.60
GF Value €21.04
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Victoria's Secret EBIT?

Victoria's Secret FRA:8FR +1.99% 64 EBIT is €285 Mil as of Apr. 2026. GuruFocus rates FRA:8FR with a GF Score™ of 64/100 and a GF Value™ of €21.04 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Victoria's Secret's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2026 was €68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was €285 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Victoria's Secret's annualized ROC % for the quarter that ended in Apr. 2026 was 7.09%. Victoria's Secret's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 11.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Victoria's Secret's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 3.48%.


Victoria's Secret  (FRA:8FR) EBIT Explanation

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

Victoria's Secret's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=259.92 * ( 1 - 10.94% )/( (3223.588 + 3309.705)/ 2 )
=231.484752/3266.6465
=7.09 %

where

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))
=4266.063 - 722.499 - ( 440.818 - max(0, 1282.457 - 1602.433+440.818))
=3223.588

Invested Capital(Q: Apr. 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))
=4078.35 - 591.66 - ( 176.985 - max(0, 1099.53 - 1390.23+176.985))
=3309.705

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

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

Victoria's Secret's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=270.18/( ( (2010.062 + max(133.607, 0)) + (2040.03 + max(342.855, 0)) )/ 2 )
=270.18/( ( 2143.669 + 2382.885 )/ 2 )
=270.18/2263.277
=11.94 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(158.286 + 911.421 + 91.908) - (722.499 + 211.048 + 94.461)
=133.607

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(158.175 + 938.79 + 116.28) - (591.66 + 186.39 + 92.34)
=342.855

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

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

Victoria's Secret's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=284.65/8187.495
=3.48 %

* 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.


Victoria's Secret EBIT Related Terms


Victoria's Secret EBIT Historical Data

* Premium members only.

The historical data trend for Victoria's Secret'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.

Victoria's Secret EBIT Chart

Victoria's Secret Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EBIT
Get a 7-Day Free Trial 769.08 442.66 225.83 296.56 236.58

Victoria's Secret Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 20.47 35.99 -16.32 197.43 67.55

FRA:8FR vs BOOT, ANF, AEO: EBIT Comparison

For the Apparel Retail subindustry, Victoria's Secret'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.


Victoria's Secret EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Victoria's Secret's EV-to-EBIT distribution charts can be found below:

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


FRA:8FR
64GF Score
Victoria's Secret & Co FRA:8FR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Victoria's Secret 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €285 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 €285 Mil mean?
Victoria's Secret (FRA:8FR) has a EBIT of €285 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Victoria's Secret.
Is Victoria's Secret's EBIT too high?
Victoria's Secret's current EBIT is €285 Mil. Overall, Victoria's Secret has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Victoria's Secret's EBIT compare to BOOT and ANF?
Victoria's Secret's EBIT of €285 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 Victoria's Secret. Victoria's Secret's current EBIT is €285 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victoria's Secret stock overvalued right now?
Based on GuruFocus' analysis, Victoria's Secret (FRA:8FR) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.04, compared to a current price of €70.60 — trading 235.6% above its estimated fair value. The current EBIT is €285 Mil. Victoria's Secret's overall GF Score™ is 64/100 with 6 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 Victoria's Secret (FRA:8FR), the current EBIT is €285 Mil as of Apr. 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 Victoria's Secret (FRA:8FR) Overvalued in 2026?

Based on GuruFocus' analysis, Victoria's Secret stock appears to be overvalued. The current stock price of €70.60 is trading 235.6% above its estimated GF Value™ of €21.04. GuruFocus considers Victoria's Secret to be Significantly Overvalued.

Key valuation signals for FRA:8FR:

  • EBIT: €285 Mil
  • GF Value™: €21.04 vs. price of €70.60 (235.6% above fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the FRA:8FR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Victoria's Secret Business Description

Address 4 Limited Parkway East, Reynoldsburg, OH, USA, 43068
Victoria's Secret & Co is a retailer of women's intimate and other apparel and beauty products marketed under the Victoria's Secret, PINK, and Adore Me brand names. It also includes the merchandise sourcing and production function serving the Company and its international partners. The Company operates as a single segment designed to serve customers seamlessly through stores and online channels. The Company also includes the merchandise sourcing and production function serving the Company and its international partners.
64GF Score

Get the complete analysis for FRA:8FR

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

€70.60
Price
€21.04
GF Value