NewMarket (FRA:UG9) EBIT: €504 Mil (TTM As of Mar. 2026)


FRA:UG9 NewMarket Corp FRA:UG9
79 GF Score
Price €675.00
GF Value €483.64
Valuation Significantly Overvalued
! 5 Warning Signs
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What is NewMarket EBIT?

NewMarket FRA:UG9 +1.50% 79 EBIT is €504 Mil as of Mar. 2026. GuruFocus rates FRA:UG9 with a GF Score™ of 79/100 and a GF Value™ of €483.64 (Significantly Overvalued). The stock has 5 warning signs investors should review.

NewMarket's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €139 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €504 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NewMarket's annualized ROC % for the quarter that ended in Mar. 2026 was 14.67%. NewMarket's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NewMarket's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.97%.


NewMarket  (FRA:UG9) EBIT Explanation

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

NewMarket'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 )
=495.572 * ( 1 - 22.15% )/( (2634.415 + 2624.854)/ 2 )
=385.802802/2629.6345
=14.67 %

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))
=2982.565 - 281.881 - ( 66.269 - max(0, 358.064 - 904.994+66.269))
=2634.415

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))
=3031.226 - 343.09 - ( 63.282 - max(0, 360.926 - 921.026+63.282))
=2624.854

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

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

NewMarket'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 )
=555.072/( ( (755.655 + max(443.541, 0)) + (744.85 + max(510.78, 0)) )/ 2 )
=555.072/( ( 1199.196 + 1255.63 )/ 2 )
=555.072/1227.413
=45.22 %

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)
=(309.501 + 428.927 + 49.338) - (281.881 + 15.721 + 46.623)
=443.541

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(379.249 + 428.138 + 50.357) - (343.09 + 0 + 3.874)
=510.78

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=503.868/7224.751
=6.97 %

* 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.


NewMarket EBIT Related Terms


NewMarket EBIT Historical Data

* Premium members only.

The historical data trend for NewMarket'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.

NewMarket EBIT Chart

NewMarket 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 249.37 361.49 482.64 612.61 512.62

NewMarket 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 161.70 137.35 122.67 105.07 138.77

FRA:UG9 vs AXTA, EMN, PRM: EBIT Comparison

For the Specialty Chemicals subindustry, NewMarket'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.


NewMarket EV-to-EBIT vs Chemicals Industry

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

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


FRA:UG9
79GF Score
NewMarket Corp FRA:UG9
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NewMarket 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 €504 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 €504 Mil mean?
NewMarket (FRA:UG9) has a EBIT of €504 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NewMarket.
Is NewMarket's EBIT too high?
NewMarket's current EBIT is €504 Mil. Overall, NewMarket has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NewMarket's EBIT compare to AXTA and EMN?
NewMarket's EBIT of €504 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 NewMarket. NewMarket's current EBIT is €504 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewMarket stock overvalued right now?
Based on GuruFocus' analysis, NewMarket (FRA:UG9) is currently considered Significantly Overvalued. The stock's GF Value™ is €483.64, compared to a current price of €675.00 — trading 39.6% above its estimated fair value. The current EBIT is €504 Mil. NewMarket's overall GF Score™ is 79/100 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 NewMarket (FRA:UG9), the current EBIT is €504 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 NewMarket (FRA:UG9) Overvalued in 2026?

Based on GuruFocus' analysis, NewMarket stock appears to be overvalued. The current stock price of €675.00 is trading 39.6% above its estimated GF Value™ of €483.64. GuruFocus considers NewMarket to be Significantly Overvalued.

Key valuation signals for FRA:UG9:

  • EBIT: €504 Mil
  • GF Value™: €483.64 vs. price of €675.00 (39.6% above fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the FRA:UG9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NewMarket Business Description

Other Exchanges NEU:USAUG9:Germany
Address 330 South Fourth Street, Richmond, VA, USA, 23219-4350
NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives used in lubricating oils and fuels to enhance performance. The company operates through two segments: petroleum additives, mainly represented by Afton, where lubricant additives improve the efficiency and durability of base fluids and fuel additives help meet fuel specifications and improve fuel performance, and specialty materials, represented by AMPAC and Calca, including the antiknock compounds business of Ethyl, where primary raw materials include electricity, sodium chlorate, ammonia, chlorine, caustic, and hydrochloric acid, with graphite used in electrolytic cells. The company has operations in North America, Latin America, Asia Pacific, and EMEAI regions.
79GF Score

Get the complete analysis for FRA:UG9

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

€675.00
Price
€483.64
GF Value