Orica (FRA:ICA) EBIT: €384 Mil (TTM As of Mar. 2026)


FRA:ICA Orica Ltd FRA:ICA
76 GF Score
Price €14.20
GF Value €11.27
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Orica EBIT?

Orica FRA:ICA +0.71% 76 EBIT is €384 Mil as of Mar. 2026. GuruFocus rates FRA:ICA with a GF Score™ of 76/100 and a GF Value™ of €11.27 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Orica's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was €128 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €384 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Orica's annualized ROC % for the quarter that ended in Mar. 2026 was 0.64%. Orica's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Orica's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.72%.


Orica  (FRA:ICA) EBIT Explanation

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

Orica'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=213.428 * ( 1 - 87.05% )/( (4272.196 + 4333.923)/ 2 )
=27.638926/4303.0595
=0.64 %

where

Invested Capital(Q: Sep. 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))
=5591.391 - 1028.02 - ( 419.649 - max(0, 1343.136 - 1634.311+419.649))
=4272.196

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))
=5874.898 - 1116.427 - ( 466.614 - max(0, 1352.192 - 1776.74+466.614))
=4333.923

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Orica'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=256.89/( ( (2092.065 + max(-98.632, 0)) + (2182.896 + max(15.601, 0)) )/ 2 )
=256.89/( ( 2092.065 + 2198.497 )/ 2 )
=256.89/2145.281
=11.97 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(489.169 + 524.857 + 112.85) - (1028.02 + 36.811 + 160.677)
=-98.632

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(549.897 + 612.724 + 147.505) - (1116.427 + 25.373 + 152.725)
=15.601

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=384.326/8141.390
=4.72 %

* 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.


Orica EBIT Related Terms


Orica EBIT Historical Data

* Premium members only.

The historical data trend for Orica'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.

Orica EBIT Chart

Orica Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.14 246.07 313.38 569.03 348.56

Orica Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 320.76 244.68 96.11 255.88 128.45

FRA:ICA vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Orica'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.


Orica EV-to-EBIT vs Chemicals Industry

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

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


FRA:ICA
76GF Score
Orica Ltd FRA:ICA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Orica 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 semi-annually data reported by the company within the most recent 12 months, which was €384 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 €384 Mil mean?
Orica (FRA:ICA) has a EBIT of €384 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Orica.
Is Orica's EBIT too high?
Orica's current EBIT is €384 Mil. Overall, Orica has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orica's EBIT compare to LIN and SHW?
Orica's EBIT of €384 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Orica. Orica's current EBIT is €384 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orica stock overvalued right now?
Based on GuruFocus' analysis, Orica (FRA:ICA) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.27, compared to a current price of €14.20 — trading 26% above its estimated fair value. The current EBIT is €384 Mil. Orica's overall GF Score™ is 76/100 with 6 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 Orica (FRA:ICA), the current EBIT is €384 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 Orica (FRA:ICA) Overvalued in 2026?

Based on GuruFocus' analysis, Orica stock appears to be overvalued. The current stock price of €14.20 is trading 26% above its estimated GF Value™ of €11.27. GuruFocus considers Orica to be Modestly Overvalued.

Key valuation signals for FRA:ICA:

  • EBIT: €384 Mil
  • GF Value™: €11.27 vs. price of €14.20 (26% above fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Orica Business Description

Address 1 Nicholson Street, Level 3, East Melbourne, Melbourne, VIC, AUS, 3002
Orica is a leading global manufacturer and supplier of explosives and chemicals, primarily to the mining industry. It has operations in around 50 countries across six continents. Blasting solutions to the mining industry is the chief earnings engine. Orica has an approximate 28% share of the global commercial explosives market. It provided resins, steel bolts, and other products for underground mining and tunneling though this business is now sold. It also supplies chemicals such as sodium cyanide to the mining industry.
76GF Score

Get the complete analysis for FRA:ICA

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

€14.20
Price
€11.27
GF Value