Marks & Spencer Group (FRA:MA6) EBIT: €645 Mil (TTM As of Mar. 2026)


FRA:MA6 Marks & Spencer Group PLC FRA:MA6
84 GF Score
Price €4.14
GF Value €4.69
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Marks & Spencer Group EBIT?

Marks & Spencer Group FRA:MA6 +1.97% 84 EBIT is €645 Mil as of Mar. 2026. GuruFocus rates FRA:MA6 with a GF Score™ of 84/100 and a GF Value™ of €4.69 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Marks & Spencer Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was €520 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €645 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marks & Spencer Group's annualized ROC % for the quarter that ended in Mar. 2026 was 14.92%. Marks & Spencer Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marks & Spencer Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.53%.

Marks & Spencer Group  (FRA:MA6) EBIT Explanation

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

Marks & Spencer Group'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 )
=2084.534 * ( 1 - 31.34% )/( (8981.576 + 10209.307)/ 2 )
=1431.2410444/9595.4415
=14.92 %

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))
=11590.769 - 3361.831 - ( 977.037 - max(0, 3956.734 - 3204.096+977.037))
=8981.576

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))
=11665.736 - 1924.221 - ( 1158.177 - max(0, 3456.655 - 2988.863+1158.177))
=10209.307

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:

Marks & Spencer Group'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 )
=1039.846/( ( (7059.741 + max(-1264.529, 0)) + (7392.059 + max(-1457.121, 0)) )/ 2 )
=1039.846/( ( 7059.741 + 7392.059 )/ 2 )
=1039.846/7225.9
=14.39 %

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)
=(764.497 + 1372.756 + 89.806) - (3361.831 + 0 + 129.757)
=-1264.529

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(215.212 + 1131.881 + 307.94) - (1924.221 + 0 + 1187.933)
=-1457.121

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:

Marks & Spencer Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=644.614/11659.096
=5.53 %

* 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.

Marks & Spencer Group EBIT Related Terms

Marks & Spencer Group EBIT Historical Data

* Premium members only.

The historical data trend for Marks & Spencer Group'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.

Marks & Spencer Group EBIT Chart

Marks & Spencer Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 724.13 761.71 989.44 808.84 644.83

Marks & Spencer Group 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 506.76 567.65 239.62 124.69 519.92

FRA:MA6 vs DDS: EBIT Comparison

For the Department Stores subindustry, Marks & Spencer Group'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.

Marks & Spencer Group EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Marks & Spencer Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Marks & Spencer Group's EV-to-EBIT falls into.


FRA:MA6
84GF Score
Marks & Spencer Group PLC FRA:MA6
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Marks & Spencer Group 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 €645 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 €645 Mil mean?
Marks & Spencer Group (FRA:MA6) has a EBIT of €645 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Marks & Spencer Group.
Is Marks & Spencer Group's EBIT too high?
Marks & Spencer Group's current EBIT is €645 Mil. Overall, Marks & Spencer Group has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marks & Spencer Group's EBIT compare to DDS?
Marks & Spencer Group's EBIT of €645 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 Marks & Spencer Group. Marks & Spencer Group's current EBIT is €645 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marks & Spencer Group stock overvalued right now?
Based on GuruFocus' analysis, Marks & Spencer Group (FRA:MA6) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.69, compared to a current price of €4.14 — trading 11.7% below its estimated fair value. The current EBIT is €645 Mil. Marks & Spencer Group'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 Marks & Spencer Group (FRA:MA6), the current EBIT is €645 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 Marks & Spencer Group (FRA:MA6) Overvalued in 2026?

Based on GuruFocus' analysis, Marks & Spencer Group stock appears to be undervalued. The current stock price of €4.14 is trading 11.7% below its estimated GF Value™ of €4.69. GuruFocus considers Marks & Spencer Group to be Modestly Undervalued.

Key valuation signals for FRA:MA6:

  • EBIT: €645 Mil
  • GF Value™: €4.69 vs. price of €4.14 (11.7% below fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the FRA:MA6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marks & Spencer Group Business Description

Address 35 North Wharf Road, Waterside House, London, GBR, W2 1NW
Marks & Spencer is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The majority of revenue stems from the firm's UK operations, selling its own-brand food, clothing, and home merchandise predominantly. The food segment includes value products (dairy, poultry, meat, fresh produce), ready-made meals, and healthy items. The clothing and home division sells women's wear, lingerie, men's wear, kids' wear, beauty, and home products. The remaining revenue comes from international sales, where M&S sells through a mix of its own stores, franchises, and online channels.In 2020, the firm entered into a joint venture, purchasing 50% of grocery e-commerce business Ocado Retail. Ocado is the exclusive online distributor of M&S food within the UK.
84GF Score

Get the complete analysis for FRA:MA6

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

€4.14
Price
€4.69
GF Value