CapMan Oyj (FRA:AP6) EBIT: €21.97 Mil (TTM As of Mar. 2026)


FRA:AP6 CapMan Oyj FRA:AP6
82 GF Score
Price €1.67
GF Value €2.09
Valuation Modestly Undervalued
! 6 Warning Signs
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What is CapMan Oyj EBIT?

CapMan Oyj FRA:AP6 82 EBIT is €21.97 Mil as of Mar. 2026. GuruFocus rates FRA:AP6 with a GF Score™ of 82/100 and a GF Value™ of €2.09 (Modestly Undervalued). The stock has 6 warning signs investors should review.

CapMan Oyj's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €5.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €21.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CapMan Oyj's annualized ROC % for the quarter that ended in Mar. 2026 was 7.80%. CapMan Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 358.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CapMan Oyj's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.24%.

CapMan Oyj  (FRA:AP6) EBIT Explanation

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

CapMan Oyj'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 )
=22.404 * ( 1 - 10.45% )/( (269.994 + 244.304)/ 2 )
=20.062782/257.149
=7.80 %

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))
=337.649 - 3.155 - ( 64.5 - max(0, 27.05 - 95.517+64.5))
=269.994

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))
=342.294 - 38.564 - ( 68.851 - max(0, 39.589 - 99.015+68.851))
=244.304

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

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

CapMan Oyj'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 )
=22.404/( ( (6.414 + max(-9.265, 0)) + (6.094 + max(-8.4, 0)) )/ 2 )
=22.404/( ( 6.414 + 6.094 )/ 2 )
=22.404/6.254
=358.23 %

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)
=(16.708 + 0 + 0) - (3.155 + 0 + 22.818)
=-9.265

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.164 + 0 + 0) - (38.564 + 0 + 0)
=-8.4

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:

CapMan Oyj's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=21.967/351.873
=6.24 %

* 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.

CapMan Oyj EBIT Related Terms

CapMan Oyj EBIT Historical Data

* Premium members only.

The historical data trend for CapMan Oyj'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.

CapMan Oyj EBIT Chart

CapMan Oyj 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 44.58 52.28 2.66 18.22 23.53

CapMan Oyj 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 6.87 2.46 7.89 6.02 5.60

FRA:AP6 vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, CapMan Oyj'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.

CapMan Oyj EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, CapMan Oyj's EV-to-EBIT distribution charts can be found below:

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


FRA:AP6
82GF Score
CapMan Oyj FRA:AP6
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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CapMan Oyj 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 €21.97 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 €21.97 Mil mean?
CapMan Oyj (FRA:AP6) has a EBIT of €21.97 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CapMan Oyj.
Is CapMan Oyj's EBIT too high?
CapMan Oyj's current EBIT is €21.97 Mil. Overall, CapMan Oyj has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CapMan Oyj's EBIT compare to BLK and BX?
CapMan Oyj's EBIT of €21.97 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good EBIT depends on the Asset Management 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 CapMan Oyj. CapMan Oyj's current EBIT is €21.97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapMan Oyj stock overvalued right now?
Based on GuruFocus' analysis, CapMan Oyj (FRA:AP6) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.09, compared to a current price of €1.67 — trading 20.3% below its estimated fair value. The current EBIT is €21.97 Mil. CapMan Oyj's overall GF Score™ is 82/100 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 CapMan Oyj (FRA:AP6), the current EBIT is €21.97 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 CapMan Oyj (FRA:AP6) Overvalued in 2026?

Based on GuruFocus' analysis, CapMan Oyj stock appears to be undervalued. The current stock price of €1.67 is trading 20.3% below its estimated GF Value™ of €2.09. GuruFocus considers CapMan Oyj to be Modestly Undervalued.

Key valuation signals for FRA:AP6:

  • EBIT: €21.97 Mil
  • GF Value™: €2.09 vs. price of €1.67 (20.3% below fair value)
  • GF Score™: 82/100 with 6 warning signs

No single metric tells the full story. See the FRA:AP6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CapMan Oyj Business Description

Other Exchanges 0E1L:UKCAPMAN:Finland
Address Ludviginkatu 6, 4th Floor, Helsinki, FIN, 00130
CapMan Oyj iis a private asset management firm operating in the Nordic region. It manages investments across real estate, infrastructure, natural capital, and unlisted companies, and invests in properties and other assets with potential for redevelopment, repurposing, or long-term value creation. The majority of the company's revenue is derived from management fees, which are variable consideration and are typically based on the fund's original size during its investment period.
82GF Score

Get the complete analysis for FRA:AP6

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

€1.67
Price
€2.09
GF Value