B Treasury Capital AB (FRA:X4L) EBIT: €-6.14 Mil (TTM As of Mar. 2026)

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FRA:X4L B Treasury Capital AB FRA:X4L
20 GF Score
Price €8.86
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What is B Treasury Capital AB EBIT?

B Treasury Capital AB FRA:X4L 20 EBIT is €-6.14 Mil as of Mar. 2026. GuruFocus rates FRA:X4L with a GF Score™ of 20/100.

B Treasury Capital AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-2.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-6.14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. B Treasury Capital AB's annualized ROC % for the quarter that ended in Mar. 2026 was -2.92%. B Treasury Capital AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. B Treasury Capital AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -91.53%.

B Treasury Capital AB  (FRA:X4L) EBIT Explanation

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

B Treasury Capital AB'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 )
=-0.336 * ( 1 - 0% )/( (12.99 + 10.027)/ 2 )
=-0.336/11.5085
=-2.92 %

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))
=13.036 - 0.005 - ( 0.041 - max(0, 0.014 - 0.721+0.041))
=12.99

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))
=10.649 - 0 - ( 0.622 - max(0, 0.009 - 0.631+0.622))
=10.027

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

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

B Treasury Capital AB'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 )
=-10.064/( ( (0 + max(-0.013, 0)) + (0 + max(-0.009, 0)) )/ 2 )
=-10.064/( ( 0 + 0 )/ 2 )
=-10.064/0
= %

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)
=(0 + 0 + 0.00099999999999989) - (0.005 + 0 + 0.009)
=-0.013

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0.009)
=-0.009

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:

B Treasury Capital AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-6.135/6.703
=-91.53 %

* 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.

B Treasury Capital AB EBIT Related Terms

B Treasury Capital AB EBIT Historical Data

* Premium members only.

The historical data trend for B Treasury Capital AB'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.

B Treasury Capital AB EBIT Chart

B Treasury Capital AB Annual Data
Trend Dec25
EBIT
0.00

B Treasury Capital AB Quarterly Data
Mar25 Sep25 Dec25 Mar26
EBIT 0.00 -0.16 -3.46 -2.52

FRA:X4L vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, B Treasury Capital AB'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.

B Treasury Capital AB EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, B Treasury Capital AB's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where B Treasury Capital AB's EV-to-EBIT falls into.


FRA:X4L
20GF Score
B Treasury Capital AB FRA:X4L
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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B Treasury Capital AB 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 €-6.14 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 €-6.14 Mil mean?
B Treasury Capital AB (FRA:X4L) has a EBIT of €-6.14 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on B Treasury Capital AB.
Is B Treasury Capital AB's EBIT too high?
B Treasury Capital AB's current EBIT is €-6.14 Mil. Overall, B Treasury Capital AB has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does B Treasury Capital AB's EBIT compare to MS and GS?
B Treasury Capital AB's EBIT of €-6.14 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 B Treasury Capital AB. B Treasury Capital AB's current EBIT is €-6.14 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B Treasury Capital AB stock overvalued right now?
B Treasury Capital AB (FRA:X4L) has a current EBIT of €-6.14 Mil. The current EBIT is €-6.14 Mil. B Treasury Capital AB's overall GF Score™ is 20/100. 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 B Treasury Capital AB (FRA:X4L), the current EBIT is €-6.14 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.

B Treasury Capital AB Business Description

Other Exchanges BTC B:Sweden
Address Vasagatan 7, Stockholm, SWE, 11120
B Treasury Capital AB is a Sweden-based company that operates in the financial markets. The company specializes in cryptocurrency trading, and focuses on acquiring, securing and maintaining Bitcoin as part of a long-term capital approach. The company aims to gradually increase Bitcoin reserves in relation to outstanding shares, while minimizing risk, leverage or dilution.
20GF Score

Get the complete analysis for FRA:X4L

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

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