Emerald Holding (FRA:EM7) EBIT: €8.0 Mil (TTM As of Mar. 2026)


FRA:EM7 Emerald Holding Inc FRA:EM7
51 GF Score
Price €4.30
GF Value €2.18
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Emerald Holding EBIT?

Emerald Holding FRA:EM7 -1.83% 51 EBIT is €8.0 Mil as of Mar. 2026. GuruFocus rates FRA:EM7 with a GF Score™ of 51/100 and a GF Value™ of €2.18 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Emerald Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €17.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €8.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emerald Holding's annualized ROC % for the quarter that ended in Mar. 2026 was 4.47%. Emerald Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,887.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Emerald Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.66%.

Emerald Holding  (FRA:EM7) EBIT Explanation

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

Emerald Holding'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 )
=67.468 * ( 1 - 30.77% )/( (1042.222 + 1049.591)/ 2 )
=46.7080964/1045.9065
=4.47 %

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))
=1035.731 - 39.113 - ( 86.169 - max(0, 246.55 - 200.946+86.169))
=1042.222

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))
=1075.714 - 49.305 - ( 104.751 - max(0, 262.96 - 239.778+104.751))
=1049.591

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

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

Emerald Holding'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 )
=68.508/( ( (7.259 + max(-122.806, 0)) + (0 + max(-119.024, 0)) )/ 2 )
=68.508/( ( 7.259 + 0 )/ 2 )
=68.508/3.6295
=1,887.53 %

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)
=(84.546 + 0 + 30.231) - (39.113 + 187.197 + 11.273)
=-122.806

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(112.45 + 0 + 22.577) - (49.305 + 194.019 + 10.727)
=-119.024

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=7.982/1212.999
=0.66 %

* 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.

Emerald Holding EBIT Related Terms

Emerald Holding EBIT Historical Data

* Premium members only.

The historical data trend for Emerald Holding'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.

Emerald Holding EBIT Chart

Emerald Holding 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 -57.61 172.28 35.12 52.81 23.23

Emerald Holding 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 35.24 9.97 -6.13 -12.98 17.13

FRA:EM7 vs CRTO, EVC, CCO: EBIT Comparison

For the Advertising Agencies subindustry, Emerald Holding'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.

Emerald Holding EV-to-EBIT vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Emerald Holding's EV-to-EBIT distribution charts can be found below:

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


FRA:EM7
51GF Score
Emerald Holding Inc FRA:EM7
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Emerald Holding 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 €8.0 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 €8.0 Mil mean?
Emerald Holding (FRA:EM7) has a EBIT of €8.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Emerald Holding.
Is Emerald Holding's EBIT too high?
Emerald Holding's current EBIT is €8.0 Mil. Overall, Emerald Holding has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emerald Holding's EBIT compare to CRTO and EVC?
Emerald Holding's EBIT of €8.0 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good EBIT depends on the Media - Diversified 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 Emerald Holding. Emerald Holding's current EBIT is €8.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Holding stock overvalued right now?
Based on GuruFocus' analysis, Emerald Holding (FRA:EM7) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.18, compared to a current price of €4.30 — trading 97.2% above its estimated fair value. The current EBIT is €8.0 Mil. Emerald Holding's overall GF Score™ is 51/100 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 Emerald Holding (FRA:EM7), the current EBIT is €8.0 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 Emerald Holding (FRA:EM7) Overvalued in 2026?

Based on GuruFocus' analysis, Emerald Holding stock appears to be overvalued. The current stock price of €4.30 is trading 97.2% above its estimated GF Value™ of €2.18. GuruFocus considers Emerald Holding to be Significantly Overvalued.

Key valuation signals for FRA:EM7:

  • EBIT: €8.0 Mil
  • GF Value™: €2.18 vs. price of €4.30 (97.2% above fair value)
  • GF Score™: 51/100 with 5 warning signs

No single metric tells the full story. See the FRA:EM7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Emerald Holding Business Description

Other Exchanges EEX:USA
Address 100 Broadway, 14th Floor, New York, NY, USA, 10005
Emerald Holding Inc is a business-to-business (B2B) event organizer principally in the United States, with operations in the United Kingdom (U.K.), France, and other markets. The company is engaged in three complementary business lines: Connections division consists of a collection of B2B trade show franchises and other live events that provide exhibitors opportunities to engage with buyers and expand their brand's awareness in their industry; the Content division consists of B2B print publications and digital media products that complement existing trade show properties, and the Commerce division provides B2B e-commerce and digital merchandising solutions to manufacturers and retailers. Emerald's key revenue is derived from the Connections business, its only reportable segment.
51GF Score

Get the complete analysis for FRA:EM7

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

€4.30
Price
€2.18
GF Value