BOE Varitronix (FRA:VTX) EBIT: €45 Mil (TTM As of Dec. 2025)


FRA:VTX BOE Varitronix Ltd FRA:VTX
59 GF Score
Price €0.42
GF Value €0.77
Valuation Significantly Undervalued
! 5 Warning Signs
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What is BOE Varitronix EBIT?

BOE Varitronix FRA:VTX +0.97% 59 EBIT is €45 Mil as of Dec. 2025. GuruFocus rates FRA:VTX with a GF Score™ of 59/100 and a GF Value™ of €0.77 (Significantly Undervalued). The stock has 5 warning signs investors should review.

BOE Varitronix's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BOE Varitronix's annualized ROC % for the quarter that ended in Dec. 2025 was 8.17%. BOE Varitronix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BOE Varitronix's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -41.91%.


BOE Varitronix  (FRA:VTX) EBIT Explanation

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

BOE Varitronix'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 )
=32 * ( 1 - 13.82% )/( (278.408 + 396.948)/ 2 )
=27.5776/337.678
=8.17 %

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))
=1307.207 - 712.966 - ( 503.344 - max(0, 746.061 - 1061.894+503.344))
=278.408

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))
=1357.845 - 655.135 - ( 487.393 - max(0, 770.334 - 1076.096+487.393))
=396.948

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:

BOE Varitronix'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 )
=44.89/( ( (225.567 + max(-196.206, 0)) + (253.104 + max(-179.47, 0)) )/ 2 )
=44.89/( ( 225.567 + 253.104 )/ 2 )
=44.89/239.3355
=18.76 %

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)
=(287.31 + 204.782 + 27.804) - (712.966 + 0 + 3.1360000000001)
=-196.206

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(326.311 + 206.164 + 49.843) - (655.135 + 0 + 106.653)
=-179.47

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=44.677/-106.592
=-41.91 %

* 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.


BOE Varitronix EBIT Related Terms


BOE Varitronix EBIT Historical Data

* Premium members only.

The historical data trend for BOE Varitronix'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.

BOE Varitronix EBIT Chart

BOE Varitronix 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 39.67 81.24 66.37 53.74 44.53

BOE Varitronix 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 38.62 23.04 29.95 22.23 22.45

FRA:VTX vs APH, GLW, TEL: EBIT Comparison

For the Electronic Components subindustry, BOE Varitronix'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.


BOE Varitronix EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, BOE Varitronix's EV-to-EBIT distribution charts can be found below:

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


FRA:VTX
59GF Score
BOE Varitronix Ltd FRA:VTX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BOE Varitronix 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 €45 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 €45 Mil mean?
BOE Varitronix (FRA:VTX) has a EBIT of €45 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BOE Varitronix.
Is BOE Varitronix's EBIT too high?
BOE Varitronix's current EBIT is €45 Mil. Overall, BOE Varitronix has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BOE Varitronix's EBIT compare to APH and GLW?
BOE Varitronix's EBIT of €45 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 BOE Varitronix. BOE Varitronix's current EBIT is €45 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOE Varitronix stock overvalued right now?
Based on GuruFocus' analysis, BOE Varitronix (FRA:VTX) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.77, compared to a current price of €0.42 — trading 46% below its estimated fair value. The current EBIT is €45 Mil. BOE Varitronix's overall GF Score™ is 59/100 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 BOE Varitronix (FRA:VTX), the current EBIT is €45 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 BOE Varitronix (FRA:VTX) Overvalued in 2026?

Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued. The current stock price of €0.42 is trading 46% below its estimated GF Value™ of €0.77. GuruFocus considers BOE Varitronix to be Significantly Undervalued.

Key valuation signals for FRA:VTX:

  • EBIT: €45 Mil
  • GF Value™: €0.77 vs. price of €0.42 (46% below fair value)
  • GF Score™: 59/100 with 5 warning signs

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


BOE Varitronix Business Description

Other Exchanges VARXF:USA00710:Hong Kong
Address No. 7 Shing Yip Street, Units A-F, 35th Floor, Legend Tower, Kwun Tong, Kowloon, Hong Kong, HKG
BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the design, manufacture and sale of liquid crystal displays and related products. The company's geographical segments include the PRC, Europe, Japan, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.
59GF Score

Get the complete analysis for FRA:VTX

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

€0.42
Price
€0.77
GF Value