Angang Steel Co (FRA:GNV) EBIT: €-539 Mil (TTM As of Mar. 2026)


FRA:GNV Angang Steel Co Ltd FRA:GNV
57 GF Score
Price €0.11
GF Value €0.13
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Angang Steel Co EBIT?

Angang Steel Co FRA:GNV -3.39% 57 EBIT is €-539 Mil as of Mar. 2026. GuruFocus rates FRA:GNV with a GF Score™ of 57/100 and a GF Value™ of €0.13 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Angang Steel Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-162 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-539 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Angang Steel Co's annualized ROC % for the quarter that ended in Mar. 2026 was -5.77%. Angang Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -9.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Angang Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -14.45%.

Angang Steel Co  (FRA:GNV) EBIT Explanation

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

Angang Steel Co'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 )
=-603.432 * ( 1 - 0% )/( (10357.32 + 10573.631)/ 2 )
=-603.432/10465.4755
=-5.77 %

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))
=11645.862 - 3608.087 - ( 476.883 - max(0, 5289.242 - 2969.697+476.883))
=10357.32

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))
=11864.586 - 3588.468 - ( 529.886 - max(0, 5262.844 - 2965.331+529.886))
=10573.631

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

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

Angang Steel Co'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 )
=-646.104/( ( (7002.286 + max(-1972.038, 0)) + (7180.45 + max(-2000.942, 0)) )/ 2 )
=-646.104/( ( 7002.286 + 7180.45 )/ 2 )
=-646.104/7091.368
=-9.11 %

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)
=(373.819 + 1454.172 + 435.657) - (3608.087 + 0 + 627.599)
=-1972.038

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(450.19 + 1375.044 + 433.122) - (3588.468 + 0 + 670.83)
=-2000.942

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:

Angang Steel Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-538.841/3728.584
=-14.45 %

* 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.

Angang Steel Co EBIT Related Terms

Angang Steel Co EBIT Historical Data

* Premium members only.

The historical data trend for Angang Steel Co'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.

Angang Steel Co EBIT Chart

Angang Steel Co 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 1,324.87 16.52 -493.68 -885.39 -431.90

Angang Steel Co 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 -55.89 -54.22 -90.66 -232.44 -161.53

FRA:GNV vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, Angang Steel Co'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.

Angang Steel Co EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, Angang Steel Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Angang Steel Co's EV-to-EBIT falls into.


FRA:GNV
57GF Score
Angang Steel Co Ltd FRA:GNV
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Angang Steel Co 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 €-539 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 €-539 Mil mean?
Angang Steel Co (FRA:GNV) has a EBIT of €-539 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Angang Steel Co.
Is Angang Steel Co's EBIT too high?
Angang Steel Co's current EBIT is €-539 Mil. Overall, Angang Steel Co has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Angang Steel Co's EBIT compare to NUE and STLD?
Angang Steel Co's EBIT of €-539 Mil can be compared against companies in the Steel 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 Steel company?
A good EBIT depends on the Steel 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 Angang Steel Co. Angang Steel Co's current EBIT is €-539 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Angang Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Angang Steel Co (FRA:GNV) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.13, compared to a current price of €0.11 — trading 12.3% below its estimated fair value. The current EBIT is €-539 Mil. Angang Steel Co's overall GF Score™ is 57/100 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 Angang Steel Co (FRA:GNV), the current EBIT is €-539 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 Angang Steel Co (FRA:GNV) Overvalued in 2026?

Based on GuruFocus' analysis, Angang Steel Co stock appears to be undervalued. The current stock price of €0.11 is trading 12.3% below its estimated GF Value™ of €0.13. GuruFocus considers Angang Steel Co to be Modestly Undervalued.

Key valuation signals for FRA:GNV:

  • EBIT: €-539 Mil
  • GF Value™: €0.13 vs. price of €0.11 (12.3% below fair value)
  • GF Score™: 57/100 with 5 warning signs

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

Angang Steel Co Business Description

Address Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021
Angang Steel Co Ltd is engaged in the iron and steel manufacturing industry, and at the same time focuses on developing emerging industries related to its core iron and steel business, including steel processing and distribution, the chemical industry, green energy, and resource recycling and utilization. The company is classified into the following operating segments based on the type of business: production and sale of steel products. Its products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. Geographically, the company derives a majority of its revenue from China, and also exports its products to other regions.
57GF Score

Get the complete analysis for FRA:GNV

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

€0.11
Price
€0.13
GF Value