Forum Markets (FRA:L270) EBIT: €-440.60 Mil (TTM As of Mar. 2026)

What is Forum Markets EBIT?

Forum Markets FRA:L270 +2.35% 26 EBIT is €-440.60 Mil as of Mar. 2026. GuruFocus rates FRA:L270 with a GF Score™ of 26/100. The stock has 2 warning signs investors should review.

Forum Markets's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-66.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-440.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forum Markets's annualized ROC % for the quarter that ended in Mar. 2026 was -14.57%. Forum Markets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3,174.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forum Markets's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1,190.19%.

Forum Markets (FRA:L270) EBIT Explanation

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

Forum Markets'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 )
=	-29.472 * ( 1 - 0% )	/	( (283.613	+	121.073)	/ 2 )
=	-29.472	/	202.343
=	-14.57 %

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	))
=	261.578	-	1.329	-	( 6.847	-	max(0, 34.953	-	11.589	+	6.847	))
=	283.613

	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	))
=	179.584	-	1.503	-	( 57.008	-	max(0, 11.526	-	71.384	+	57.008	))
=	121.073

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

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

Forum Markets'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 )
=	-264.808	/	( ( (0 + max(-3.085, 0))	+	(16.686 + max(-6.064, 0)) )	/	2 )
=	-264.808	/	( ( 0	+	16.686 )	/	2 )
=	-264.808	/	8.343
=	-3,174.01 %

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)
=	(0	+	0	+	4.742)	-	(1.329	+	0	+	6.498)
=	-3.085

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.324	+	0	+	4.14)	-	(1.503	+	0	+	9.025)
=	-6.064

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-440.596	/	37.019
	=	-1,190.19 %

* 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.

Forum Markets EBIT Related Terms

Forum Markets EBIT Historical Data

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The historical data trend for Forum Markets's EBIT can be seen below:

Forum Markets EBIT Chart

Forum Markets Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-17.84

-37.42

-20.39

-2.46

-376.17

Forum Markets 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															-1.81	-1.50	-177.52	-195.38	-66.20

FRA:L270 vs HIT, NTCL, RSSS: EBIT Comparison

For the Software - Application subindustry, Forum Markets'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.

Forum Markets EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Forum Markets's EV-to-EBIT distribution charts can be found below:

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

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26GF Score

Forum Markets Inc FRA:L270

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Forum Markets 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 €-440.60 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €-440.60 Mil mean?

Forum Markets (FRA:L270) has a EBIT of €-440.60 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forum Markets.

Is Forum Markets' EBIT too high?

Forum Markets' current EBIT is €-440.60 Mil. Overall, Forum Markets has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.

How does Forum Markets' EBIT compare to HIT and NTCL?

Forum Markets' EBIT of €-440.60 Mil can be compared against companies in the Software 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 Software company?

A good EBIT depends on the Software 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 Forum Markets. Forum Markets's current EBIT is €-440.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Forum Markets stock overvalued right now?

Forum Markets (FRA:L270) has a current EBIT of €-440.60 Mil. The current EBIT is €-440.60 Mil. Forum Markets' overall GF Score™ is 26/100 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 Forum Markets (FRA:L270), the current EBIT is €-440.60 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.

Forum Markets Business Description

Industry Technology Software

Comparable Companies HIT NTCL RSSS NTWK LGCL VIDA MAPS ATHR PHUN ILLR XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges FRMM:USA

Address 2875 South Ocean Boulevard, Suite 200, Palm Beach, FL, USA, 33480

Website https://www.forum-markets.com

Forum Markets Inc is a financial technology company focused on developing infrastructure that supports the origination, financing, and distribution of RWAs through blockchain-enabled capital markets. The company's business approach is centered on integrating traditional financial asset markets with blockchain-based infrastructure to enable the tokenization of income-generating real-world assets such as consumer credit, equipment finance assets, and other contractual cash-flow streams. It utilizes blockchain infrastructure, including Ethereum and related Layer-2 scaling protocols, to support the issuance, management, and potential secondary trading of tokenized financial instruments.

26GF Score

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