Vail Resorts (FRA:VAI) EBIT: €375 Mil (TTM As of Apr. 2026)


FRA:VAI Vail Resorts Inc FRA:VAI
69 GF Score
Price €115.00
GF Value €150.66
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Vail Resorts EBIT?

Vail Resorts FRA:VAI -8.73% 69 EBIT is €375 Mil as of Apr. 2026. GuruFocus rates FRA:VAI with a GF Score™ of 69/100 and a GF Value™ of €150.66 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Vail Resorts's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2026 was €425 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was €375 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vail Resorts's annualized ROC % for the quarter that ended in Apr. 2026 was 27.79%. Vail Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 75.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vail Resorts's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 5.39%.


Vail Resorts  (FRA:VAI) EBIT Explanation

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

Vail Resorts's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=1735.124 * ( 1 - 23.69% )/( (4871.243 + 4658.902)/ 2 )
=1324.0731244/4765.0725
=27.79 %

where

Invested Capital(Q: Jan. 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))
=4765.602 - 320.409 - ( 327.411 - max(0, 1126.186 - 700.136+327.411))
=4871.243

Invested Capital(Q: Apr. 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))
=4861.487 - 281.657 - ( 317.525 - max(0, 893.222 - 814.15+317.525))
=4658.902

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

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

Vail Resorts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1700.328/( ( (2255.864 + max(-657.894, 0)) + (2225.276 + max(-297.504, 0)) )/ 2 )
=1700.328/( ( 2255.864 + 2225.276 )/ 2 )
=1700.328/2240.57
=75.89 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(138.477 + 120.315 + 116.208) - (320.409 + 610.61 + 101.875)
=-657.894

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(310.674 + 110.354 + 81.107) - (281.657 + 399.32 + 118.662)
=-297.504

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=375.066/6952.942
=5.39 %

* 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.


Vail Resorts EBIT Related Terms


Vail Resorts EBIT Historical Data

* Premium members only.

The historical data trend for Vail Resorts'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.

Vail Resorts EBIT Chart

Vail Resorts Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 233.99 595.05 475.38 465.01 491.94

Vail Resorts Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 519.13 -169.06 -176.77 295.81 425.08

FRA:VAI vs HGV, CZR, RRR: EBIT Comparison

For the Resorts & Casinos subindustry, Vail Resorts'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.


Vail Resorts EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's EV-to-EBIT distribution charts can be found below:

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


FRA:VAI
69GF Score
Vail Resorts Inc FRA:VAI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Vail Resorts 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €375 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 €375 Mil mean?
Vail Resorts (FRA:VAI) has a EBIT of €375 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vail Resorts.
Is Vail Resorts' EBIT too high?
Vail Resorts' current EBIT is €375 Mil. Overall, Vail Resorts has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vail Resorts' EBIT compare to HGV and CZR?
Vail Resorts' EBIT of €375 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Vail Resorts. Vail Resorts's current EBIT is €375 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vail Resorts stock overvalued right now?
Based on GuruFocus' analysis, Vail Resorts (FRA:VAI) is currently considered Modestly Undervalued. The stock's GF Value™ is €150.66, compared to a current price of €115.00 — trading 23.7% below its estimated fair value. The current EBIT is €375 Mil. Vail Resorts' overall GF Score™ is 69/100 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 Vail Resorts (FRA:VAI), the current EBIT is €375 Mil as of Apr. 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 Vail Resorts (FRA:VAI) Overvalued in 2026?

Based on GuruFocus' analysis, Vail Resorts stock appears to be undervalued. The current stock price of €115.00 is trading 23.7% below its estimated GF Value™ of €150.66. GuruFocus considers Vail Resorts to be Modestly Undervalued.

Key valuation signals for FRA:VAI:

  • EBIT: €375 Mil
  • GF Value™: €150.66 vs. price of €115.00 (23.7% below fair value)
  • GF Score™: 69/100 with 5 warning signs

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


Vail Resorts Business Description

Other Exchanges MTN:USAMTN:Mexico0LK3:UK
Address 390 Interlocken Crescent, Broomfield, CO, USA, 80021
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
69GF Score

Get the complete analysis for FRA:VAI

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

€115.00
Price
€150.66
GF Value