National CineMedia (FRA:XWM0) EBIT: €-7.1 Mil (TTM As of Mar. 2026)


FRA:XWM0 National CineMedia Inc FRA:XWM0
60 GF Score
Price €3.02
GF Value €3.85
! 3 Warning Signs
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What is National CineMedia EBIT?

National CineMedia FRA:XWM0 +1.34% 60 EBIT is €-7.1 Mil as of Mar. 2026. GuruFocus rates FRA:XWM0 with a GF Score™ of 60/100 and a GF Value™ of €3.85. The stock has 3 warning signs investors should review.

National CineMedia's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-24.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-7.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National CineMedia's annualized ROC % for the quarter that ended in Mar. 2026 was -27.60%. National CineMedia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -261.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National CineMedia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.72%.


National CineMedia  (FRA:XWM0) EBIT Explanation

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

National CineMedia'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 )
=-93.072 * ( 1 - 0% )/( (346.895 + 327.489)/ 2 )
=-93.072/337.192
=-27.60 %

where

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

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

National CineMedia'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 )
=-98.264/( ( (16.568 + max(35.868, 0)) + (15.829 + max(6.834, 0)) )/ 2 )
=-98.264/( ( 52.436 + 22.663 )/ 2 )
=-98.264/37.5495
=-261.69 %

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)
=(82.923 + 0 + 5.978) - (42.529 + 9.223 + 1.281)
=35.868

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.636 + 0 + 6.142) - (35.897 + 22.749 + 1.298)
=6.834

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-7.115/261.283
=-2.72 %

* 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.


National CineMedia EBIT Related Terms


National CineMedia EBIT Historical Data

* Premium members only.

The historical data trend for National CineMedia'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.

National CineMedia EBIT Chart

National CineMedia 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 -47.44 12.74 664.46 -19.48 -8.54

National CineMedia 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 -28.21 -9.19 1.45 25.19 -24.57

FRA:XWM0 vs TC, NEXN, TSQ: EBIT Comparison

For the Advertising Agencies subindustry, National CineMedia'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.


National CineMedia EV-to-EBIT vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, National CineMedia's EV-to-EBIT distribution charts can be found below:

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


FRA:XWM0
60GF Score
National CineMedia Inc FRA:XWM0
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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National CineMedia 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 €-7.1 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 €-7.1 Mil mean?
National CineMedia (FRA:XWM0) has a EBIT of €-7.1 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on National CineMedia.
Is National CineMedia's EBIT too high?
National CineMedia's current EBIT is €-7.1 Mil. Overall, National CineMedia has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's EBIT compare to TC and NEXN?
National CineMedia's EBIT of €-7.1 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good EBIT depends on the Media - Diversified 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 National CineMedia. National CineMedia's current EBIT is €-7.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
National CineMedia (FRA:XWM0) has a current EBIT of €-7.1 Mil. The stock's GF Value™ is €3.85, compared to a current price of €3.02 — trading 21.6% below its estimated fair value. The current EBIT is €-7.1 Mil. National CineMedia's overall GF Score™ is 60/100 with 3 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 National CineMedia (FRA:XWM0), the current EBIT is €-7.1 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 National CineMedia (FRA:XWM0) Overvalued in 2026?

Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued. The current stock price of €3.02 is trading 21.6% below its estimated GF Value™ of €3.85.

Key valuation signals for FRA:XWM0:

  • EBIT: €-7.1 Mil
  • GF Value™: €3.85 vs. price of €3.02 (21.6% below fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the FRA:XWM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National CineMedia Business Description

Other Exchanges NCMI:USA
Address 6300 South Syracuse Way, Suite 300, Centennial, CO, USA, 80111
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
60GF Score

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

€3.02
Price
€3.85
GF Value