Aker ASA (FRA:FKM) EBIT: €470 Mil (TTM As of Dec. 2025)


FRA:FKM Aker ASA FRA:FKM
68 GF Score
Price €103.20
GF Value €79.30
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Aker ASA EBIT?

Aker ASA FRA:FKM -0.77% 68 EBIT is €470 Mil as of Dec. 2025. GuruFocus rates FRA:FKM with a GF Score™ of 68/100 and a GF Value™ of €79.30 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Aker ASA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €446 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €470 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aker ASA's annualized ROC % for the quarter that ended in Dec. 2025 was 11.26%. Aker ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 35.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aker ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.08%.


Aker ASA  (FRA:FKM) EBIT Explanation

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

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

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=851.052 * ( 1 - 0% )/( (7112.368 + 8004.713)/ 2 )
=851.052/7558.5405
=11.26 %

where

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))
=8006.029 - 469.903 - ( 423.758 - max(0, 732.886 - 1167.943+423.758))
=7112.368

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))
=8412.748 - 164.938 - ( 243.097 - max(0, 666.51 - 926.676+243.097))
=8004.713

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

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

Aker ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=892.624/( ( (2503.906 + max(124.548, 0)) + (2438.745 + max(-42.163, 0)) )/ 2 )
=892.624/( ( 2628.454 + 2438.745 )/ 2 )
=892.624/2533.5995
=35.23 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 579.702 + 17.509) - (469.903 + 0 + 2.76)
=124.548

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(174.401 + 141.025 + 53.487) - (164.938 + 0 + 246.138)
=-42.163

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=469.6/11512.647
=4.08 %

* 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.


Aker ASA EBIT Related Terms


Aker ASA EBIT Historical Data

* Premium members only.

The historical data trend for Aker ASA'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.

Aker ASA EBIT Chart

Aker ASA 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 141.60 993.29 100.31 447.78 469.13

Aker ASA 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 281.29 29.23 419.35 23.29 446.31

FRA:FKM vs HON, MMM: EBIT Comparison

For the Conglomerates subindustry, Aker ASA'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.


Aker ASA EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aker ASA's EV-to-EBIT distribution charts can be found below:

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


FRA:FKM
68GF Score
Aker ASA FRA:FKM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aker ASA 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 €470 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 €470 Mil mean?
Aker ASA (FRA:FKM) has a EBIT of €470 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Aker ASA.
Is Aker ASA's EBIT too high?
Aker ASA's current EBIT is €470 Mil. Overall, Aker ASA has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aker ASA's EBIT compare to HON and MMM?
Aker ASA's EBIT of €470 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good EBIT depends on the Conglomerates 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 Aker ASA. Aker ASA's current EBIT is €470 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aker ASA stock overvalued right now?
Based on GuruFocus' analysis, Aker ASA (FRA:FKM) is currently considered Modestly Overvalued. The stock's GF Value™ is €79.30, compared to a current price of €103.20 — trading 30.1% above its estimated fair value. The current EBIT is €470 Mil. Aker ASA's overall GF Score™ is 68/100 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 Aker ASA (FRA:FKM), the current EBIT is €470 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 Aker ASA (FRA:FKM) Overvalued in 2026?

Based on GuruFocus' analysis, Aker ASA stock appears to be overvalued. The current stock price of €103.20 is trading 30.1% above its estimated GF Value™ of €79.30. GuruFocus considers Aker ASA to be Modestly Overvalued.

Key valuation signals for FRA:FKM:

  • EBIT: €470 Mil
  • GF Value™: €79.30 vs. price of €103.20 (30.1% above fair value)
  • GF Score™: 68/100 with 5 warning signs

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


Aker ASA Business Description

Address Oksenoyveien 10, Lysaker, Oslo, NOR, 1326
Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. The company's investment portfolio comprises two segments: Industrial holdings and Financial investments. The primary focus for businesses within Industrial holdings is long-term value creation. Businesses within Financial investments are managed as a portfolio with a focus on financial and strategic opportunities. The company generates the majority of its revenue from Industrial holdings. Geographically, the company generates the majority of its revenue from Norway.
68GF Score

Get the complete analysis for FRA:FKM

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

€103.20
Price
€79.30
GF Value