The Middleby (FRA:MBY) EBIT: €495 Mil (TTM As of Mar. 2026)


FRA:MBY The Middleby Corp FRA:MBY
84 GF Score
Price €146.00
GF Value €127.98
Valuation Modestly Overvalued
! 5 Warning Signs
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What is The Middleby EBIT?

The Middleby FRA:MBY +3.55% 84 EBIT is €495 Mil as of Mar. 2026. GuruFocus rates FRA:MBY with a GF Score™ of 84/100 and a GF Value™ of €127.98 (Modestly Overvalued). The stock has 5 warning signs investors should review.

The Middleby's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €120 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €495 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Middleby's annualized ROC % for the quarter that ended in Mar. 2026 was 8.08%. The Middleby's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Middleby's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.93%.


The Middleby  (FRA:MBY) EBIT Explanation

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

The Middleby'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 )
=466.728 * ( 1 - 24.48% )/( (4696.449 + 4028.593)/ 2 )
=352.4729856/4362.521
=8.08 %

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))
=5393.152 - 506.911 - ( 189.792 - max(0, 912.269 - 2342.217+189.792))
=4696.449

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))
=4690.019 - 508.265 - ( 153.161 - max(0, 725.553 - 1425.381+153.161))
=4028.593

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

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

The Middleby'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 )
=478.876/( ( (368.605 + max(1294.762, 0)) + (367.591 + max(603.142, 0)) )/ 2 )
=478.876/( ( 1663.367 + 970.733 )/ 2 )
=478.876/1317.05
=36.36 %

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)
=(489.375 + 591.471 + 1071.579) - (506.911 + 143.797 + 206.955)
=1294.762

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(525.944 + 630.056 + 116.22) - (508.265 + 153.721 + 7.092)
=603.142

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=495.399/8353.813
=5.93 %

* 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.


The Middleby EBIT Related Terms


The Middleby EBIT Historical Data

* Premium members only.

The historical data trend for The Middleby'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.

The Middleby EBIT Chart

The Middleby Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 598.85 616.80 602.66 629.78 491.99

The Middleby 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 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 120.32 132.51 -471.84 715.01 119.72

FRA:MBY vs JBTM, XE, GTES: EBIT Comparison

For the Specialty Industrial Machinery subindustry, The Middleby'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.


The Middleby EV-to-EBIT vs Industrial Products Industry

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

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


FRA:MBY
84GF Score
The Middleby Corp FRA:MBY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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The Middleby 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 €495 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 €495 Mil mean?
The Middleby (FRA:MBY) has a EBIT of €495 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The Middleby.
Is The Middleby's EBIT too high?
The Middleby's current EBIT is €495 Mil. Overall, The Middleby has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Middleby's EBIT compare to JBTM and XE?
The Middleby's EBIT of €495 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 The Middleby. The Middleby's current EBIT is €495 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Middleby stock overvalued right now?
Based on GuruFocus' analysis, The Middleby (FRA:MBY) is currently considered Modestly Overvalued. The stock's GF Value™ is €127.98, compared to a current price of €146.00 — trading 14.1% above its estimated fair value. The current EBIT is €495 Mil. The Middleby's overall GF Score™ is 84/100 with 5 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 The Middleby (FRA:MBY), the current EBIT is €495 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 The Middleby (FRA:MBY) Overvalued in 2026?

Based on GuruFocus' analysis, The Middleby stock appears to be overvalued. The current stock price of €146.00 is trading 14.1% above its estimated GF Value™ of €127.98. GuruFocus considers The Middleby to be Modestly Overvalued.

Key valuation signals for FRA:MBY:

  • EBIT: €495 Mil
  • GF Value™: €127.98 vs. price of €146.00 (14.1% above fair value)
  • GF Score™: 84/100 with 5 warning signs

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


The Middleby Business Description

Other Exchanges MIDD:USA0K1G:UK
Address 1400 Toastmaster Drive, Elgin, IL, USA, 60120
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
84GF Score

Get the complete analysis for FRA:MBY

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

€146.00
Price
€127.98
GF Value