Ermenegildo Zegna NV (FRA:JN0) EBIT: €-9 Mil (TTM As of Sep. 2021)

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FRA:JN0 Ermenegildo Zegna NV FRA:JN0
77 GF Score
Price €10.64
GF Value €39.20
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Ermenegildo Zegna NV EBIT?

Ermenegildo Zegna NV FRA:JN0 +4.72% 77 EBIT is €-9 Mil as of Sep. 2021. GuruFocus rates FRA:JN0 with a GF Score™ of 77/100 and a GF Value™ of €39.20 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Ermenegildo Zegna NV's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2021 was €-5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was €-9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ermenegildo Zegna NV's annualized ROC % for the quarter that ended in Sep. 2021 was -0.51%. Ermenegildo Zegna NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ermenegildo Zegna NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -0.25%.

Ermenegildo Zegna NV  (FRA:JN0) EBIT Explanation

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

Ermenegildo Zegna NV's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

ROC % (Q: Sep. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Sep. 2021 ))/ count )
=-1.7513801156971 * ( 1 - -0% )/( (340.57986170881 + 348.64140472342)/ 2 )
=-1.7513801156971/344.61063321611
=-0.51 %

where

Invested Capital(Q: Jun. 2021 )
=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))
=340.57110296018 - 0.34114680833163 - ( 0.30464035753472 - max(0, 1.5062214351987 - 1.1563158782373+0.30464035753472))
=340.57986170881

Invested Capital(Q: Sep. 2021 )
=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))
=348.2230096244 - 0.38500280426648 - ( 0.19753224902056 - max(0, 1.7136442469655 - 0.91024634368261+0.19753224902056))
=348.64140472342

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

Ermenegildo Zegna NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-18.795512325542/( ( (0 + max(-0.65454591449605, 0)) + (0 + max(-1.0009301523034, 0)) )/ 2 )
=-18.795512325542/( ( 0 + 0 )/ 2 )
=-18.795512325542/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + 0.85167552070258) - (0.34114680833163 + 0 + 1.165074626867)
=-0.65454591449605

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + 0.71271409466205) - (0.38500280426648 + 0 + 1.328641442699)
=-1.0009301523034

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

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

Ermenegildo Zegna NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2021 )
=-9.444091261298/3806.439
=-0.25 %

* 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.

Ermenegildo Zegna NV EBIT Related Terms

Ermenegildo Zegna NV EBIT Historical Data

* Premium members only.

The historical data trend for Ermenegildo Zegna NV'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.

Ermenegildo Zegna NV EBIT Chart

Ermenegildo Zegna NV Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -68.77 142.11 210.52 173.18 183.76

Ermenegildo Zegna NV Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21
EBIT -0.01 -0.30 -0.23 -4.21 -4.70

FRA:JN0 vs PVH, KTB, COLM: EBIT Comparison

For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV'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.

Ermenegildo Zegna NV EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's EV-to-EBIT distribution charts can be found below:

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


FRA:JN0
77GF Score
Ermenegildo Zegna NV FRA:JN0
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ermenegildo Zegna NV 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was €-9 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 €-9 Mil mean?
Ermenegildo Zegna NV (FRA:JN0) has a EBIT of €-9 Mil as of Sep. 2021. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ermenegildo Zegna NV.
Is Ermenegildo Zegna NV's EBIT too high?
Ermenegildo Zegna NV's current EBIT is €-9 Mil. Overall, Ermenegildo Zegna NV has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's EBIT compare to PVH and KTB?
Ermenegildo Zegna NV's EBIT of €-9 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 Ermenegildo Zegna NV. Ermenegildo Zegna NV's current EBIT is €-9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (FRA:JN0) is currently considered Significantly Undervalued. The stock's GF Value™ is €39.20, compared to a current price of €10.64 — trading 72.9% below its estimated fair value. The current EBIT is €-9 Mil. Ermenegildo Zegna NV's overall GF Score™ is 77/100 with 4 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 Ermenegildo Zegna NV (FRA:JN0), the current EBIT is €-9 Mil as of Sep. 2021. 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 Ermenegildo Zegna NV (FRA:JN0) Overvalued in 2026?

Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be undervalued. The current stock price of €10.64 is trading 72.9% below its estimated GF Value™ of €39.20. GuruFocus considers Ermenegildo Zegna NV to be Significantly Undervalued.

Key valuation signals for FRA:JN0:

  • EBIT: €-9 Mil
  • GF Value™: €39.20 vs. price of €10.64 (72.9% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the FRA:JN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ermenegildo Zegna NV Business Description

Other Exchanges ZGN:USAJN0:Germany
Address Viale Roma 99/100, Valdilana location, Trivero, ITA, 13835
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
77GF Score

Get the complete analysis for FRA:JN0

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

€10.64
Price
€39.20
GF Value