Anadolu Efes Biracilik ve Maltnayi AS (FRA:EF41) EBIT: €926 Mil (TTM As of Mar. 2026)

What is Anadolu Efes Biracilik ve Maltnayi AS EBIT?

Anadolu Efes Biracilik ve Maltnayi AS FRA:EF41 -0.60% 64 EBIT is €926 Mil as of Mar. 2026. GuruFocus rates FRA:EF41 with a GF Score™ of 64/100 and a GF Value™ of €0.26 (Possible Value Trap). The stock has 7 warning signs investors should review.

Anadolu Efes Biracilik ve Maltnayi AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €210 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €926 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anadolu Efes Biracilik ve Maltnayi AS's annualized ROC % for the quarter that ended in Mar. 2026 was 2.85%. Anadolu Efes Biracilik ve Maltnayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anadolu Efes Biracilik ve Maltnayi AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.24%.

Anadolu Efes Biracilik ve Maltnayi AS (FRA:EF41) EBIT Explanation

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

Anadolu Efes Biracilik ve Maltnayi AS'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 )
=	310.52 * ( 1 - 35.43% )	/	( (6908.591	+	7185.859)	/ 2 )
=	200.502764	/	7047.225
=	2.85 %

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	))
=	8282.076	-	1305.654	-	( 744.433	-	max(0, 2117.408	-	2185.239	+	744.433	))
=	6908.591

	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	))
=	8732.485	-	1485.212	-	( 629.268	-	max(0, 2266.912	-	2328.326	+	629.268	))
=	7185.859

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

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

Anadolu Efes Biracilik ve Maltnayi AS'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 )
=	838.14	/	( ( (1949.364 + max(21.204, 0))	+	(2026.898 + max(122.22, 0)) )	/	2 )
=	838.14	/	( ( 1970.568	+	2149.118 )	/	2 )
=	838.14	/	2059.843
=	40.69 %

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)
=	(539.337	+	580.686	+	298.414)	-	(1305.654	+	0	+	91.579)
=	21.204

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(796.158	+	600.862	+	282.165)	-	(1485.212	+	0	+	71.753)
=	122.22

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:

Anadolu Efes Biracilik ve Maltnayi AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	926.073	/	4359.483
	=	21.24 %

* 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.

Anadolu Efes Biracilik ve Maltnayi AS EBIT Related Terms

Anadolu Efes Biracilik ve Maltnayi AS EBIT Historical Data

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The historical data trend for Anadolu Efes Biracilik ve Maltnayi AS's EBIT can be seen below:

Anadolu Efes Biracilik ve Maltnayi AS EBIT Chart

Anadolu Efes Biracilik ve Maltnayi AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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319.51

1,785.29

2,193.55

1,623.14

897.50

Anadolu Efes Biracilik ve Maltnayi AS 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															281.27	269.25	331.40	115.89	209.54

FRA:EF41 vs KO, PEP, MNST: EBIT Comparison

For the Beverages - Non-Alcoholic subindustry, Anadolu Efes Biracilik ve Maltnayi AS'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.

Anadolu Efes Biracilik ve Maltnayi AS EV-to-EBIT vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Anadolu Efes Biracilik ve Maltnayi AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Anadolu Efes Biracilik ve Maltnayi AS's EV-to-EBIT falls into.

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Anadolu Efes Biracilik ve Malt Sanayi AS FRA:EF41

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

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Anadolu Efes Biracilik ve Maltnayi AS 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 €926 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €926 Mil mean?

Anadolu Efes Biracilik ve Maltnayi AS (FRA:EF41) has a EBIT of €926 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Anadolu Efes Biracilik ve Maltnayi AS.

Is Anadolu Efes Biracilik ve Maltnayi AS's EBIT too high?

Anadolu Efes Biracilik ve Maltnayi AS's current EBIT is €926 Mil. Overall, Anadolu Efes Biracilik ve Maltnayi AS has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Anadolu Efes Biracilik ve Maltnayi AS's EBIT compare to KO and PEP?

Anadolu Efes Biracilik ve Maltnayi AS's EBIT of €926 Mil can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?

A good EBIT depends on the Beverages - Non-Alcoholic 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 Anadolu Efes Biracilik ve Maltnayi AS. Anadolu Efes Biracilik ve Maltnayi AS's current EBIT is €926 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Anadolu Efes Biracilik ve Maltnayi AS stock overvalued right now?

Based on GuruFocus' analysis, Anadolu Efes Biracilik ve Maltnayi AS (FRA:EF41) is currently considered Possible Value Trap. The stock's GF Value™ is €0.26, compared to a current price of €0.17 — trading 36.5% below its estimated fair value. The current EBIT is €926 Mil. Anadolu Efes Biracilik ve Maltnayi AS's overall GF Score™ is 64/100 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 Anadolu Efes Biracilik ve Maltnayi AS (FRA:EF41), the current EBIT is €926 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 Anadolu Efes Biracilik ve Maltnayi AS (FRA:EF41) Overvalued in 2026?

Based on GuruFocus' analysis, Anadolu Efes Biracilik ve Maltnayi AS stock appears to be undervalued. The current stock price of €0.17 is trading 36.5% below its estimated GF Value™ of €0.26. GuruFocus considers Anadolu Efes Biracilik ve Maltnayi AS to be Possible Value Trap.

Key valuation signals for FRA:EF41:

EBIT: €926 Mil
GF Value™: €0.26 vs. price of €0.17 (36.5% below fair value)
GF Score™: 64/100 with 7 warning signs

No single metric tells the full story. See the FRA:EF41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Anadolu Efes Biracilik ve Maltnayi AS Business Description

Industry Consumer Defensive Beverages - Non-Alcoholic

Comparable Companies IST:CCOLA IST:MEYSU IST:ELITE IST:PINSU IST:KRSTL KO PEP MNST HKSE:09633 KDP LSE:CCEP LSE:CCH COCSF MEX:AC NSE:VBL COKE SHSE:605499 HKSE:02097 PRMB TSE:2587

Other Exchanges AEBZY:USA AEFES:Turkey

Address Fatih Sultan Mehmet Mahallesi Balkan Caddesi, Buyaka E Blok No: 58/24, Istanbul, TUR, 34771

Website https://www.anadoluefes.com

Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under several brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. The group operates in two segments: Beer Operations (Beer Group) and Soft Drinks Operations (Soft Drinks), and the majority of its revenue is generated from the soft drinks segment.

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

€0.17

Price

€0.26

GF Value

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