Anglogold Ashanti (FRA:HT3) EBIT: €4,953 Mil (TTM As of Mar. 2026)


FRA:HT3 Anglogold Ashanti PLC FRA:HT3
84 GF Score
Price €70.00
GF Value €47.07
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Anglogold Ashanti EBIT?

Anglogold Ashanti FRA:HT3 -2.89% 84 EBIT is €4,953 Mil as of Mar. 2026. GuruFocus rates FRA:HT3 with a GF Score™ of 84/100 and a GF Value™ of €47.07 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Anglogold Ashanti's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €1,764 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €4,953 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anglogold Ashanti's annualized ROC % for the quarter that ended in Mar. 2026 was 49.85%. Anglogold Ashanti's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 93.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anglogold Ashanti's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.86%.


Anglogold Ashanti  (FRA:HT3) EBIT Explanation

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

Anglogold Ashanti'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 )
=6276.44 * ( 1 - 24.99% )/( (9218.93 + 9668.97)/ 2 )
=4707.957644/9443.95
=49.85 %

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))
=12876.612 - 1176.812 - ( 2480.87 - max(0, 1383.48 - 3971.954+2480.87))
=9218.93

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))
=13584.825 - 1302.69 - ( 2728.21 - max(0, 1531.05 - 4144.215+2728.21))
=9668.97

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

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

Anglogold Ashanti'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 )
=7054.94/( ( (7431.508 + max(-89.67, 0)) + (7666.495 + max(-44.115, 0)) )/ 2 )
=7054.94/( ( 7431.508 + 7666.495 )/ 2 )
=7054.94/7549.0015
=93.46 %

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)
=(104.188 + 918.904 + 184.464) - (1176.812 + 0 + 120.414)
=-89.67

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(403.955 + 911.71 + 74.39) - (1302.69 + 0 + 131.48)
=-44.115

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:

Anglogold Ashanti's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=4953.363/35751.206
=13.86 %

* 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.


Anglogold Ashanti EBIT Related Terms


Anglogold Ashanti EBIT Historical Data

* Premium members only.

The historical data trend for Anglogold Ashanti'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.

Anglogold Ashanti EBIT Chart

Anglogold Ashanti 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 937.22 578.67 196.24 1,750.52 3,835.31

Anglogold Ashanti Quarterly Data
Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 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 712.25 945.03 969.58 1,275.02 1,763.74

FRA:HT3 vs CDE, RGLD, AUGO: EBIT Comparison

For the Gold subindustry, Anglogold Ashanti'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.


Anglogold Ashanti EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's EV-to-EBIT distribution charts can be found below:

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


FRA:HT3
84GF Score
Anglogold Ashanti PLC FRA:HT3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Anglogold Ashanti 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 €4,953 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 €4,953 Mil mean?
Anglogold Ashanti (FRA:HT3) has a EBIT of €4,953 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Anglogold Ashanti.
Is Anglogold Ashanti's EBIT too high?
Anglogold Ashanti's current EBIT is €4,953 Mil. Overall, Anglogold Ashanti has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's EBIT compare to CDE and RGLD?
Anglogold Ashanti's EBIT of €4,953 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good EBIT depends on the Metals & Mining 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 Anglogold Ashanti. Anglogold Ashanti's current EBIT is €4,953 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (FRA:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €47.07, compared to a current price of €70.00 — trading 48.7% above its estimated fair value. The current EBIT is €4,953 Mil. Anglogold Ashanti's overall GF Score™ is 84/100 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 Anglogold Ashanti (FRA:HT3), the current EBIT is €4,953 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 Anglogold Ashanti (FRA:HT3) Overvalued in 2026?

Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued. The current stock price of €70.00 is trading 48.7% above its estimated GF Value™ of €47.07. GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.

Key valuation signals for FRA:HT3:

  • EBIT: €4,953 Mil
  • GF Value™: €47.07 vs. price of €70.00 (48.7% above fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the FRA:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anglogold Ashanti Business Description

Address 6363 S Fiddlers Green Circle, Suite 1000, Greenwood Village, Denver, CO, USA, 80111
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
84GF Score

Get the complete analysis for FRA:HT3

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

€70.00
Price
€47.07
GF Value