Discovery (FRA:D3H) EBIT: €932 Mil (TTM As of Dec. 2025)


FRA:D3H Discovery Ltd FRA:D3H
84 GF Score
Price €15.10
GF Value €13.79
! 5 Warning Signs
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What is Discovery EBIT?

Discovery FRA:D3H +0.67% 84 EBIT is €932 Mil as of Dec. 2025. GuruFocus rates FRA:D3H with a GF Score™ of 84/100 and a GF Value™ of €13.79. The stock has 5 warning signs investors should review.

Discovery's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €500 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €932 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Discovery's annualized ROC % for the quarter that ended in Dec. 2025 was 4.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Discovery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.31%.


Discovery  (FRA:D3H) EBIT Explanation

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

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

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=1000.892 * ( 1 - 30.4% )/( (14916.9558 + 17334.9362)/ 2 )
=696.620832/16125.946
=4.32 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=15931.669 - 131.657 - ( 1042.115 - 5% * 3181.176 )
=14916.9558

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=18387.43 - 129.576 - ( 1053.605 - 5% * 2613.744 )
=17334.9362

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

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=931.859/10008.057
=9.31 %

* 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.


Discovery EBIT Related Terms


Discovery EBIT Historical Data

* Premium members only.

The historical data trend for Discovery'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.

Discovery EBIT Chart

Discovery Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 372.08 544.05 577.15 673.32 825.61

Discovery 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 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 305.47 360.43 424.71 431.41 500.45

FRA:D3H vs AFL, MET, PRU: EBIT Comparison

For the Insurance - Life subindustry, Discovery'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.


Discovery EV-to-EBIT vs Insurance Industry

For the Insurance industry and Financial Services sector, Discovery's EV-to-EBIT distribution charts can be found below:

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


FRA:D3H
84GF Score
Discovery Ltd FRA:D3H
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Discovery 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 €932 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 €932 Mil mean?
Discovery (FRA:D3H) has a EBIT of €932 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Discovery.
Is Discovery's EBIT too high?
Discovery's current EBIT is €932 Mil. Overall, Discovery has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Discovery's EBIT compare to AFL and MET?
Discovery's EBIT of €932 Mil can be compared against companies in the Insurance 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 Insurance company?
A good EBIT depends on the Insurance 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 Discovery. Discovery's current EBIT is €932 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Discovery stock overvalued right now?
Discovery (FRA:D3H) has a current EBIT of €932 Mil. The stock's GF Value™ is €13.79, compared to a current price of €15.10 — trading 9.5% above its estimated fair value. The current EBIT is €932 Mil. Discovery's overall GF Score™ is 84/100 with 5 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 Discovery (FRA:D3H), the current EBIT is €932 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.

Is Discovery (FRA:D3H) Overvalued in 2026?

Based on GuruFocus' analysis, Discovery stock appears to be overvalued. The current stock price of €15.10 is trading 9.5% above its estimated GF Value™ of €13.79.

Key valuation signals for FRA:D3H:

  • EBIT: €932 Mil
  • GF Value™: €13.79 vs. price of €15.10 (9.5% above fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the FRA:D3H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Discovery Business Description

Address 1 Discovery Place, Sandton, Johannesburg, GT, ZAF, 2196
Discovery Ltd is a financial services organization. It operates in the healthcare, life insurance, short-term insurance, long-term savings, banking and wellness markets. It specializes in health insurance, life assurance, wellness, investments and savings, short-term insurance, and banking. The company generates revenue through its insurance and financial services, with primary markets in South Africa and the UK, and presence in Canada, the USA, Singapore, Australia, and China.
84GF Score

Get the complete analysis for FRA:D3H

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

€15.10
Price
€13.79
GF Value