Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0) EBIT: €-1.03 Mil (TTM As of Jun. 2025)


FRA:EFF0 Deutsche Effecten- und Wechsel- Beteiligungsges AG FRA:EFF0
37 GF Score
Price €2.66
! 2 Warning Signs
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What is Deutsche Effecten- und Wechsel- Beteiligungsges AG EBIT?

Deutsche Effecten- und Wechsel- Beteiligungsges AG FRA:EFF0 +6.40% 37 EBIT is €-1.03 Mil as of Jun. 2025. GuruFocus rates FRA:EFF0 with a GF Score™ of 37/100. The stock has 2 warning signs investors should review.

Deutsche Effecten- und Wechsel- Beteiligungsges AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2025 was €-0.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2025 was €-1.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Deutsche Effecten- und Wechsel- Beteiligungsges AG's annualized ROC % for the quarter that ended in Jun. 2025 was -1.01%. Deutsche Effecten- und Wechsel- Beteiligungsges AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -753.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Deutsche Effecten- und Wechsel- Beteiligungsges AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -4.91%.

Deutsche Effecten- und Wechsel- Beteiligungsges AG  (FRA:EFF0) EBIT Explanation

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

Deutsche Effecten- und Wechsel- Beteiligungsges AG's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=-0.358 * ( 1 - 0% )/( (38.264 + 32.792)/ 2 )
=-0.358/35.528
=-1.01 %

where

Invested Capital(Q: Dec. 2024 )
=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))
=31.368 - 0.02 - ( 0.721 - max(0, 8.243 - 1.327+0.721))
=38.264

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))
=30.881 - 0.04 - ( 1.857 - max(0, 4.54 - 2.589+1.857))
=32.792

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

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

Deutsche Effecten- und Wechsel- Beteiligungsges AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.358/( ( (0.011 + max(-0.367, 0)) + (0.012 + max(0.072, 0)) )/ 2 )
=-0.358/( ( 0.011 + 0.084 )/ 2 )
=-0.358/0.0475
=-753.68 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.039 + 0 + 0) - (0.02 + 0 + 0.386)
=-0.367

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.112 + 0 + 0) - (0.04 + 0 + 0)
=0.072

When net working capital is negative, 0 is used.

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

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

Deutsche Effecten- und Wechsel- Beteiligungsges AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2025 )
=-1.027/20.906
=-4.91 %

* 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.

Deutsche Effecten- und Wechsel- Beteiligungsges AG EBIT Related Terms

Deutsche Effecten- und Wechsel- Beteiligungsges AG EBIT Historical Data

* Premium members only.

The historical data trend for Deutsche Effecten- und Wechsel- Beteiligungsges AG'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.

Deutsche Effecten- und Wechsel- Beteiligungsges AG EBIT Chart

Deutsche Effecten- und Wechsel- Beteiligungsges AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.15 8.10 -4.31 -0.80 -0.48

Deutsche Effecten- und Wechsel- Beteiligungsges AG Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 -0.42 -0.38 0.37 -0.85 -0.18

FRA:EFF0 vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, Deutsche Effecten- und Wechsel- Beteiligungsges AG'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.

Deutsche Effecten- und Wechsel- Beteiligungsges AG EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Deutsche Effecten- und Wechsel- Beteiligungsges AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Deutsche Effecten- und Wechsel- Beteiligungsges AG's EV-to-EBIT falls into.


FRA:EFF0
37GF Score
Deutsche Effecten- und Wechsel- Beteiligungsges AG FRA:EFF0
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Deutsche Effecten- und Wechsel- Beteiligungsges AG 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 Jun. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.03 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 €-1.03 Mil mean?
Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0) has a EBIT of €-1.03 Mil as of Jun. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Deutsche Effecten- und Wechsel- Beteiligungsges AG.
Is Deutsche Effecten- und Wechsel- Beteiligungsges AG's EBIT too high?
Deutsche Effecten- und Wechsel- Beteiligungsges AG's current EBIT is €-1.03 Mil. Overall, Deutsche Effecten- und Wechsel- Beteiligungsges AG has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Deutsche Effecten- und Wechsel- Beteiligungsges AG's EBIT compare to BLK and BX?
Deutsche Effecten- und Wechsel- Beteiligungsges AG's EBIT of €-1.03 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 Deutsche Effecten- und Wechsel- Beteiligungsges AG. Deutsche Effecten- und Wechsel- Beteiligungsges AG's current EBIT is €-1.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Effecten- und Wechsel- Beteiligungsges AG stock overvalued right now?
Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0) has a current EBIT of €-1.03 Mil. The current EBIT is €-1.03 Mil. Deutsche Effecten- und Wechsel- Beteiligungsges AG's overall GF Score™ is 37/100 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 Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0), the current EBIT is €-1.03 Mil as of Jun. 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.

Deutsche Effecten- und Wechsel- Beteiligungsges AG Business Description

Other Exchanges EFF0:Germany
Address Semmelweisstrasse 4, Jena, TH, DEU, 07743
Deutsche Effecten- und Wechsel- Beteiligungsges AG is a Germany-based listed investment company that specializes in the selection, acquisition, development, and sale of tech companies. It focuses on asset management and companies whose technologies and business models have an impact on the future development of the financial industry. The company supports its portfolio companies with capital, expertise in corporate development, and its extensive network of experts.
37GF Score

Get the complete analysis for FRA:EFF0

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

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