Fraport AG (FRA:FRAS) EBIT: €999 Mil (TTM As of Mar. 2026)


FRA:FRAS Fraport AG FRA:FRAS
82 GF Score
Price €35.00
GF Value €29.86
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Fraport AG EBIT?

Fraport AG FRA:FRAS -0.57% 82 EBIT is €999 Mil as of Mar. 2026. GuruFocus rates FRA:FRAS with a GF Score™ of 82/100 and a GF Value™ of €29.86 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Fraport AG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €999 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fraport AG's annualized ROC % for the quarter that ended in Mar. 2026 was 0.90%. Fraport AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fraport AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.28%.

Fraport AG  (FRA:FRAS) EBIT Explanation

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

Fraport AG'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 )
=225.2 * ( 1 - 25.11% )/( (18686.8 + 18871.5)/ 2 )
=168.65228/18779.15
=0.90 %

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))
=20484.3 - 392.9 - ( 3029.3 - max(0, 2478.7 - 3883.3+3029.3))
=18686.8

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))
=20436.2 - 337 - ( 3021.9 - max(0, 2399.6 - 3627.3+3021.9))
=18871.5

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

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

Fraport AG'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 )
=186.4/( ( (10567.5 + max(-1729.8, 0)) + (10679 + max(-2066.7, 0)) )/ 2 )
=186.4/( ( 10567.5 + 10679 )/ 2 )
=186.4/10623.25
=1.75 %

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)
=(280.8 + 29.4 + 387.5) - (392.9 + 0 + 2034.6)
=-1729.8

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(271.2 + 28.5 + 33.2) - (337 + 0 + 2062.6)
=-2066.7

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=999.3/4115.272
=24.28 %

* 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.

Fraport AG EBIT Related Terms

Fraport AG EBIT Historical Data

* Premium members only.

The historical data trend for Fraport 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.

Fraport AG EBIT Chart

Fraport AG 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 385.10 547.40 871.80 1,031.10 1,001.10

Fraport AG 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 48.30 269.80 540.60 142.30 46.60

FRA:FRAS vs JOBY: EBIT Comparison

For the Airports & Air Services subindustry, Fraport 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.

Fraport AG EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Fraport AG's EV-to-EBIT distribution charts can be found below:

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


FRA:FRAS
82GF Score
Fraport AG FRA:FRAS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Fraport 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €999 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 €999 Mil mean?
Fraport AG (FRA:FRAS) has a EBIT of €999 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fraport AG.
Is Fraport AG's EBIT too high?
Fraport AG's current EBIT is €999 Mil. Overall, Fraport AG has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fraport AG's EBIT compare to JOBY?
Fraport AG's EBIT of €999 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Fraport AG. Fraport AG's current EBIT is €999 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraport AG stock overvalued right now?
Based on GuruFocus' analysis, Fraport AG (FRA:FRAS) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.86, compared to a current price of €35.00 — trading 17.2% above its estimated fair value. The current EBIT is €999 Mil. Fraport AG's overall GF Score™ is 82/100 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 Fraport AG (FRA:FRAS), the current EBIT is €999 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 Fraport AG (FRA:FRAS) Overvalued in 2026?

Based on GuruFocus' analysis, Fraport AG stock appears to be overvalued. The current stock price of €35.00 is trading 17.2% above its estimated GF Value™ of €29.86. GuruFocus considers Fraport AG to be Modestly Overvalued.

Key valuation signals for FRA:FRAS:

  • EBIT: €999 Mil
  • GF Value™: €29.86 vs. price of €35.00 (17.2% above fair value)
  • GF Score™: 82/100 with 5 warning signs

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

Fraport AG Business Description

Address Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Fraport owns and operates Frankfurt Airport, a European cargo and transfer hub, and international concessions including Lima Airport, Antalya Airport, and a network of 14 Greek airports. Frankfurt Airport operates under a dual-till model, leaving its commercial activities completely unregulated. The German business is split between regulated aviation activities, retail & real estate activities, and ground handling services. In 2025, retail & real estate contributed 33% of the group's operating profit, despite generating only 13% of the sales. Lufthansa accounted for 65% of Frankfurt Airport's total seat capacity in 2025. It has the highest contribution from its international segment among our European airport coverage, with 42% of EBITDA deriving from overseas operations in 2025.
82GF Score

Get the complete analysis for FRA:FRAS

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

€35.00
Price
€29.86
GF Value