ITM Power (FRA:IJ8) EBIT: €-34.15 Mil (TTM As of Oct. 2025)


FRA:IJ8 ITM Power PLC FRA:IJ8
76 GF Score
Price €1.28
GF Value €2.15
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is ITM Power EBIT?

ITM Power FRA:IJ8 +0.95% 76 EBIT is €-34.15 Mil as of Oct. 2025. GuruFocus rates FRA:IJ8 with a GF Score™ of 76/100 and a GF Value™ of €2.15 (Possible Value Trap). The stock has 2 warning signs investors should review.

ITM Power's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2025 was €-15.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2025 was €-34.15 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ITM Power's annualized ROC % for the quarter that ended in Oct. 2025 was -31.64%. ITM Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was -55.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ITM Power's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was -5.02%.

ITM Power  (FRA:IJ8) EBIT Explanation

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

ITM Power's annualized ROC % for the quarter that ended in Oct. 2025 is calculated as:

ROC % (Q: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2025 ) + Invested Capital (Q: Oct. 2025 ))/ count )
=-39.996 * ( 1 - 0% )/( (168.422 + 84.397)/ 2 )
=-39.996/126.4095
=-31.64 %

where

Invested Capital(Q: Apr. 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))
=399.932 - 7.742 - ( 242.137 - max(0, 108.177 - 331.945+242.137))
=168.422

Invested Capital(Q: Oct. 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))
=390.158 - 109.302 - ( 226.904 - max(0, 121.218 - 317.677+226.904))
=84.397

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

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

ITM Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2025  Q: Oct. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-30.67/( ( (53.284 + max(-35.032, 0)) + (56.541 + max(-28.939, 0)) )/ 2 )
=-30.67/( ( 53.284 + 56.541 )/ 2 )
=-30.67/54.9125
=-55.85 %

where Working Capital is:

Working Capital(Q: Apr. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.96 + 65.503 + 2.703) - (7.742 + 0 + 99.456)
=-35.032

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.144 + 58.629 + 0) - (109.302 + 0 + 10.41)
=-28.939

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2025 )
=-34.147/680.700
=-5.02 %

* 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.

ITM Power EBIT Related Terms

ITM Power EBIT Historical Data

* Premium members only.

The historical data trend for ITM Power'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.

ITM Power EBIT Chart

ITM Power Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -31.46 -55.26 -114.29 -30.81 -51.90

ITM Power Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 -17.33 -13.29 -33.86 -18.81 -15.34

FRA:IJ8 vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, ITM Power'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.

ITM Power EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ITM Power's EV-to-EBIT distribution charts can be found below:

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


FRA:IJ8
76GF Score
ITM Power PLC FRA:IJ8
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITM Power 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 Oct. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-34.15 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 €-34.15 Mil mean?
ITM Power (FRA:IJ8) has a EBIT of €-34.15 Mil as of Oct. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on ITM Power.
Is ITM Power's EBIT too high?
ITM Power's current EBIT is €-34.15 Mil. Overall, ITM Power has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ITM Power's EBIT compare to GEV and ETN?
ITM Power's EBIT of €-34.15 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good EBIT depends on the Industrial Products 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 ITM Power. ITM Power's current EBIT is €-34.15 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITM Power stock overvalued right now?
Based on GuruFocus' analysis, ITM Power (FRA:IJ8) is currently considered Possible Value Trap. The stock's GF Value™ is €2.15, compared to a current price of €1.28 — trading 40.5% below its estimated fair value. The current EBIT is €-34.15 Mil. ITM Power's overall GF Score™ is 76/100 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 ITM Power (FRA:IJ8), the current EBIT is €-34.15 Mil as of Oct. 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 ITM Power (FRA:IJ8) Overvalued in 2026?

Based on GuruFocus' analysis, ITM Power stock appears to be undervalued. The current stock price of €1.28 is trading 40.5% below its estimated GF Value™ of €2.15. GuruFocus considers ITM Power to be Possible Value Trap.

Key valuation signals for FRA:IJ8:

  • EBIT: €-34.15 Mil
  • GF Value™: €2.15 vs. price of €1.28 (40.5% below fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the FRA:IJ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ITM Power Business Description

Address 2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.
76GF Score

Get the complete analysis for FRA:IJ8

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

€1.28
Price
€2.15
GF Value