SOL SpA (FRA:QOL) EBIT: €266 Mil (TTM As of Dec. 2025)


FRA:QOL SOL SpA FRA:QOL
78 GF Score
Price €58.60
GF Value €42.17
Valuation Significantly Overvalued
! 5 Warning Signs
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What is SOL SpA EBIT?

SOL SpA FRA:QOL +0.51% 78 EBIT is €266 Mil as of Dec. 2025. GuruFocus rates FRA:QOL with a GF Score™ of 78/100 and a GF Value™ of €42.17 (Significantly Overvalued). The stock has 5 warning signs investors should review.

SOL SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €134 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €266 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SOL SpA's annualized ROC % for the quarter that ended in Dec. 2025 was 9.47%. SOL SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 22.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SOL SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.62%.


SOL SpA  (FRA:QOL) EBIT Explanation

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

SOL SpA'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 )
=239 * ( 1 - 28.97% )/( (1769.928 + 1816.537)/ 2 )
=169.7617/1793.2325
=9.47 %

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))
=2266.382 - 238.159 - ( 258.295 - max(0, 432.236 - 991.286+258.295))
=1769.928

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))
=2422.777 - 249.059 - ( 357.181 - max(0, 453.09 - 1101.424+357.181))
=1816.537

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:

SOL SpA'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 )
=267.672/( ( (898.194 + max(259.768, 0)) + (930.8 + max(254.393, 0)) )/ 2 )
=267.672/( ( 1157.962 + 1185.193 )/ 2 )
=267.672/1171.5775
=22.85 %

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)
=(537.806 + 110.754 + 37.155) - (238.159 + 0 + 187.788)
=259.768

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(560.354 + 113.943 + 29.526) - (249.059 + 0 + 200.371)
=254.393

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:

SOL SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=265.54/5742.197
=4.62 %

* 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.


SOL SpA EBIT Related Terms


SOL SpA EBIT Historical Data

* Premium members only.

The historical data trend for SOL SpA'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.

SOL SpA EBIT Chart

SOL SpA 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 134.03 188.18 224.57 234.60 265.54

SOL SpA 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 106.31 120.34 114.26 131.70 133.84

FRA:QOL vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, SOL SpA'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.


SOL SpA EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, SOL SpA's EV-to-EBIT distribution charts can be found below:

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


FRA:QOL
78GF Score
SOL SpA FRA:QOL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SOL SpA 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 €266 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 €266 Mil mean?
SOL SpA (FRA:QOL) has a EBIT of €266 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SOL SpA.
Is SOL SpA's EBIT too high?
SOL SpA's current EBIT is €266 Mil. Overall, SOL SpA has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SOL SpA's EBIT compare to LIN and SHW?
SOL SpA's EBIT of €266 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 SOL SpA. SOL SpA's current EBIT is €266 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOL SpA stock overvalued right now?
Based on GuruFocus' analysis, SOL SpA (FRA:QOL) is currently considered Significantly Overvalued. The stock's GF Value™ is €42.17, compared to a current price of €58.60 — trading 39% above its estimated fair value. The current EBIT is €266 Mil. SOL SpA's overall GF Score™ is 78/100 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 SOL SpA (FRA:QOL), the current EBIT is €266 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 SOL SpA (FRA:QOL) Overvalued in 2026?

Based on GuruFocus' analysis, SOL SpA stock appears to be overvalued. The current stock price of €58.60 is trading 39% above its estimated GF Value™ of €42.17. GuruFocus considers SOL SpA to be Significantly Overvalued.

Key valuation signals for FRA:QOL:

  • EBIT: €266 Mil
  • GF Value™: €42.17 vs. price of €58.60 (39% above fair value)
  • GF Score™: 78/100 with 5 warning signs

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


SOL SpA Business Description

Address Via Borgazzi, 27, Monza, ITA, 20900
SOL SpA manufactures and sells industrial gases and medical equipment. The firm's two segments are based on product type. The home-care segment, which generates the majority of revenue, sells a variety of medicinal gases including oxygen, nitrogen, nitrous oxide, carbon dioxide, synthetic air, and medical air. The segment also provides medical air services for hospitals. The technical gases segment sells gas-based products to the energy, agricultural, food, metalworking, glass, and electronics industries. More of SOL's revenue comes from Italy than any other country.
78GF Score

Get the complete analysis for FRA:QOL

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

€58.60
Price
€42.17
GF Value