Path2 Hydrogen AG (FRA:PTHH) EBIT: €-12.75 Mil (TTM As of Dec. 2025)


FRA:PTHH Path2 Hydrogen AG FRA:PTHH
23 GF Score
Price €0.44
! 5 Warning Signs
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What is Path2 Hydrogen AG EBIT?

Path2 Hydrogen AG FRA:PTHH 23 EBIT is €-12.75 Mil as of Dec. 2025. GuruFocus rates FRA:PTHH with a GF Score™ of 23/100. The stock has 5 warning signs investors should review.

Path2 Hydrogen AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €-9.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €-12.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Path2 Hydrogen AG's annualized ROC % for the quarter that ended in Dec. 2025 was -33.97%. Path2 Hydrogen AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -255.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Path2 Hydrogen AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -18.57%.


Path2 Hydrogen AG  (FRA:PTHH) EBIT Explanation

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

Path2 Hydrogen AG'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 )
=-11.854 * ( 1 - 0.4% )/( (29.882 + 39.631)/ 2 )
=-11.806584/34.7565
=-33.97 %

where

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:

Path2 Hydrogen AG'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 )
=-18.416/( ( (7.178 + max(-6.78, 0)) + (7.242 + max(-2.951, 0)) )/ 2 )
=-18.416/( ( 7.178 + 7.242 )/ 2 )
=-18.416/7.21
=-255.42 %

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)
=(0.026 + 0 + 0.099) - (0.859 + 0 + 6.046)
=-6.78

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.069 + 0.101) - (0.655 + 0 + 2.466)
=-2.951

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:

Path2 Hydrogen AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-12.745/68.635
=-18.57 %

* 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.


Path2 Hydrogen AG EBIT Related Terms


Path2 Hydrogen AG EBIT Historical Data

* Premium members only.

The historical data trend for Path2 Hydrogen AG'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.

Path2 Hydrogen AG EBIT Chart

Path2 Hydrogen AG 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 -0.38 -0.64 -8.83 -7.97 -12.75

Path2 Hydrogen AG 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 -8.70 -3.05 -4.92 -3.54 -9.21

FRA:PTHH vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, Path2 Hydrogen AG'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.


Path2 Hydrogen AG EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Path2 Hydrogen AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Path2 Hydrogen AG's EV-to-EBIT falls into.


FRA:PTHH
23GF Score
Path2 Hydrogen AG FRA:PTHH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Path2 Hydrogen AG 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 €-12.75 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 €-12.75 Mil mean?
Path2 Hydrogen AG (FRA:PTHH) has a EBIT of €-12.75 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Path2 Hydrogen AG.
Is Path2 Hydrogen AG's EBIT too high?
Path2 Hydrogen AG's current EBIT is €-12.75 Mil. Overall, Path2 Hydrogen AG has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Path2 Hydrogen AG's EBIT compare to ATO and NI?
Path2 Hydrogen AG's EBIT of €-12.75 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated 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 Path2 Hydrogen AG. Path2 Hydrogen AG's current EBIT is €-12.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Path2 Hydrogen AG stock overvalued right now?
Path2 Hydrogen AG (FRA:PTHH) has a current EBIT of €-12.75 Mil. The current EBIT is €-12.75 Mil. Path2 Hydrogen AG's overall GF Score™ is 23/100 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 Path2 Hydrogen AG (FRA:PTHH), the current EBIT is €-12.75 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.

Path2 Hydrogen AG Business Description

Other Exchanges PTHH:Germany
Address Uhlandstrasse 32, No. 750, Berlin, BB, DEU, 10719
Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment.
23GF Score

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

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