McMillan Shakespeare (FRA:NMN) EBIT: €104.2 Mil (TTM As of Dec. 2025)


FRA:NMN McMillan Shakespeare Ltd FRA:NMN
75 GF Score
Price €11.90
GF Value €15.08
Valuation Modestly Undervalued
! 13 Warning Signs
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What is McMillan Shakespeare EBIT?

McMillan Shakespeare FRA:NMN +3.48% 75 EBIT is €104.2 Mil as of Dec. 2025. GuruFocus rates FRA:NMN with a GF Score™ of 75/100 and a GF Value™ of €15.08 (Modestly Undervalued). The stock has 13 warning signs investors should review.

McMillan Shakespeare's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €53.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €104.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. McMillan Shakespeare's annualized ROC % for the quarter that ended in Dec. 2025 was 8.65%. McMillan Shakespeare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 104.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. McMillan Shakespeare's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.32%.


McMillan Shakespeare  (FRA:NMN) EBIT Explanation

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

McMillan Shakespeare's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=95.496 * ( 1 - 29.93% )/( (761.657 + 785.945)/ 2 )
=66.9140472/773.801
=8.65 %

where

Invested Capital(Q: Jun. 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))
=835.348 - 53.143 - ( 71.282 - max(0, 380.888 - 401.436+71.282))
=761.657

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))
=888.966 - 51.203 - ( 58.132 - max(0, 393.148 - 444.966+58.132))
=785.945

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

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

McMillan Shakespeare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=106.698/( ( (22.676 + max(-8.9019999999999, 0)) + (150.844 + max(30.343, 0)) )/ 2 )
=106.698/( ( 22.676 + 181.187 )/ 2 )
=106.698/101.9315
=104.68 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.964 + 7.997 + 296.575) - (53.143 + 26.854 + 254.441)
=-8.9019999999999

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96.345 + 7.473 + 283.016) - (51.203 + 9.634 + 295.654)
=30.343

When net working capital is negative, 0 is used.

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

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

McMillan Shakespeare's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=104.195/1252.818
=8.32 %

* 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.


McMillan Shakespeare EBIT Related Terms


McMillan Shakespeare EBIT Historical Data

* Premium members only.

The historical data trend for McMillan Shakespeare'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.

McMillan Shakespeare EBIT Chart

McMillan Shakespeare Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.97 68.33 62.91 96.18 98.01

McMillan Shakespeare Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 45.14 50.81 50.54 50.85 53.35

FRA:NMN vs KFY, RHI, TNET: EBIT Comparison

For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.


McMillan Shakespeare EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, McMillan Shakespeare's EV-to-EBIT distribution charts can be found below:

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


FRA:NMN
75GF Score
McMillan Shakespeare Ltd FRA:NMN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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McMillan Shakespeare 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €104.2 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 €104.2 Mil mean?
McMillan Shakespeare (FRA:NMN) has a EBIT of €104.2 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on McMillan Shakespeare.
Is McMillan Shakespeare's EBIT too high?
McMillan Shakespeare's current EBIT is €104.2 Mil. Overall, McMillan Shakespeare has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's EBIT compare to KFY and RHI?
McMillan Shakespeare's EBIT of €104.2 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 McMillan Shakespeare. McMillan Shakespeare's current EBIT is €104.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
Based on GuruFocus' analysis, McMillan Shakespeare (FRA:NMN) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.08, compared to a current price of €11.90 — trading 21.1% below its estimated fair value. The current EBIT is €104.2 Mil. McMillan Shakespeare's overall GF Score™ is 75/100 with 13 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 McMillan Shakespeare (FRA:NMN), the current EBIT is €104.2 Mil as of Dec. 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 McMillan Shakespeare (FRA:NMN) Overvalued in 2026?

Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued. The current stock price of €11.90 is trading 21.1% below its estimated GF Value™ of €15.08. GuruFocus considers McMillan Shakespeare to be Modestly Undervalued.

Key valuation signals for FRA:NMN:

  • EBIT: €104.2 Mil
  • GF Value™: €15.08 vs. price of €11.90 (21.1% below fair value)
  • GF Score™: 75/100 with 13 warning signs

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


McMillan Shakespeare Business Description

Other Exchanges MMS:Australia
Address 360 Elizabeth Street, Level 21, The Tower, Melbourne Central, Melbourne, VIC, AUS, 3000
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
75GF Score

Get the complete analysis for FRA:NMN

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

€11.90
Price
€15.08
GF Value