Thor Medical ASA (FRA:8NN) EBIT: €-5.27 Mil (TTM As of Dec. 2025)

What is Thor Medical ASA EBIT?

Thor Medical ASA FRA:8NN +1.71% 21 EBIT is €-5.27 Mil as of Dec. 2025. GuruFocus rates FRA:8NN with a GF Score™ of 21/100. The stock has 2 warning signs investors should review.

Thor Medical ASA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €-2.54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thor Medical ASA's annualized ROC % for the quarter that ended in Dec. 2025 was -15.77%. Thor Medical ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -42.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thor Medical ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -3.88%.

Thor Medical ASA (FRA:8NN) EBIT Explanation

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

Thor Medical ASA's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-6.152 * ( 1 - 6.87% )	/	( (27.411	+	45.266)	/ 2 )
=	-5.7293576	/	36.3385
=	-15.77 %

where

	Invested Capital		(Q: Jun. 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	))
=	48.388	-	1.967	-	( 19.355	-	max(0, 2.415	-	21.425	+	19.355	))
=	27.411

	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	))
=	59.878	-	1.443	-	( 15.149	-	max(0, 3.689	-	16.858	+	15.149	))
=	45.266

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Thor Medical ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.086	/	( ( (3.355 + max(-2.095, 0))	+	(20.637 + max(-1.739, 0)) )	/	2 )
=	-5.086	/	( ( 3.355	+	20.637 )	/	2 )
=	-5.086	/	11.996
=	-42.40 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.009	+	0.224	+	-0.0079999999999991)	-	(1.967	+	0	+	0.353)
=	-2.095

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.025	+	0.25	+	0.646)	-	(1.443	+	0	+	1.217)
=	-1.739

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	-5.269	/	135.677
	=	-3.88 %

* 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.

Thor Medical ASA EBIT Related Terms

Thor Medical ASA EBIT Historical Data

* Premium members only.

The historical data trend for Thor Medical ASA's EBIT can be seen below:

Thor Medical ASA EBIT Chart

Thor Medical ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

-43.33

0.00

-0.48

-3.62

-5.21

Thor Medical ASA Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial															-0.45	-1.14	-2.51	-2.73	-2.54

FRA:8NN vs VRTX, REGN, ALNY: EBIT Comparison

For the Biotechnology subindustry, Thor Medical 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.

Thor Medical ASA EV-to-EBIT vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Thor Medical ASA's EV-to-EBIT distribution charts can be found below:

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

Save Embed

21GF Score

Thor Medical ASA FRA:8NN

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Thor Medical 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-5.27 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €-5.27 Mil mean?

Thor Medical ASA (FRA:8NN) has a EBIT of €-5.27 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thor Medical ASA.

Is Thor Medical ASA's EBIT too high?

Thor Medical ASA's current EBIT is €-5.27 Mil. Overall, Thor Medical ASA has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.

How does Thor Medical ASA's EBIT compare to VRTX and REGN?

Thor Medical ASA's EBIT of €-5.27 Mil can be compared against companies in the Biotechnology 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 Biotechnology company?

A good EBIT depends on the Biotechnology 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 Thor Medical ASA. Thor Medical ASA's current EBIT is €-5.27 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Thor Medical ASA stock overvalued right now?

Thor Medical ASA (FRA:8NN) has a current EBIT of €-5.27 Mil. The current EBIT is €-5.27 Mil. Thor Medical ASA's overall GF Score™ is 21/100 with 2 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 Thor Medical ASA (FRA:8NN), the current EBIT is €-5.27 Mil as of Dec. 2025. 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.

Thor Medical ASA Business Description

Industry Healthcare Biotechnology

Comparable Companies OSL:CRNA OSL:AZT OSL:NYKD OSL:LYTIX OSL:ZLNA OSL:SOFTX OSL:ONCIN OSL:EXTX OSL:ABS OSL:ABTEC VRTX REGN XBRU:UCB XBRU:ARGX XKRX:207940 ALNY RVMD ASX:CSL ONC XKRX:068270

Other Exchanges TRMED:Norway 0R6Y:UK

Address Drammensveien 167, Oslo, NOR, 0277

Website https://www.thormedical.com

Thor Medical ASA is a Norway-based biopharmaceutical company. The company is a producer and supplier of alpha-particle emitters for cancer therapy. The production process is based on separation of natural occurring radioactive decay products from thorium. The Company is utilizing alpha-emitters in radiotherapy and cancer treatments using Pb-212, which can be produced from naturally occurring isotope Thorium-232 and Lead-212. It uses a proprietary production process that does not involve irradiation or nuclear reactors to produce alpha-emitting materials. These materials are used by radiopharmaceutical companies in the development of cancer therapies.

21GF Score

Get the complete analysis for FRA:8NN

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

€0.39

Price

View FRA:8NN Analysis

See EBIT data for all stocks →