Viking Holdings (FRA:ZG8) EBIT: €1,331 Mil (TTM As of Mar. 2026)


FRA:ZG8 Viking Holdings Ltd FRA:ZG8
26 GF Score
Price €90.00
! 7 Warning Signs
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What is Viking Holdings EBIT?

Viking Holdings FRA:ZG8 -1.64% 26 EBIT is €1,331 Mil as of Mar. 2026. GuruFocus rates FRA:ZG8 with a GF Score™ of 26/100. The stock has 7 warning signs investors should review.

Viking Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,331 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Viking Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 0.36%. Viking Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Viking Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.16%.

Viking Holdings  (FRA:ZG8) EBIT Explanation

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

Viking Holdings'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 )
=41.732 * ( 1 - 0% )/( (10923.667 + 11950.358)/ 2 )
=41.732/11437.0125
=0.36 %

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))
=10446.732 - 560.053 - ( 3115.259 - max(0, 4882.544 - 3845.556+3115.259))
=10923.667

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))
=11418.291 - 700.625 - ( 3500.398 - max(0, 5566.445 - 4333.753+3500.398))
=11950.358

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

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

Viking Holdings'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 )
=96.048/( ( (6359.869 + max(-3860.77, 0)) + (6909.473 + max(-4555.822, 0)) )/ 2 )
=96.048/( ( 6359.869 + 6909.473 )/ 2 )
=96.048/6634.671
=1.45 %

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)
=(70.25 + 81.796 + 527.196) - (560.053 + 3932.807 + 47.152)
=-3860.77

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(133.815 + 102.133 + 597.407) - (700.625 + 4688.552 + 0)
=-4555.822

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1331.312/42119.054
=3.16 %

* 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.

Viking Holdings EBIT Related Terms

Viking Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Viking Holdings'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.

Viking Holdings EBIT Chart

Viking Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
-1,514.53 811.88 -1,252.98 522.07 1,288.39

Viking Holdings Quarterly Data
Dec21 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 -14.41 457.61 534.95 314.74 24.01

FRA:ZG8 vs CCL, TCOM, EXPE: EBIT Comparison

For the Travel Services subindustry, Viking Holdings'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.

Viking Holdings EV-to-EBIT vs Travel & Leisure Industry

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

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


FRA:ZG8
26GF Score
Viking Holdings Ltd FRA:ZG8
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Viking Holdings 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 €1,331 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 €1,331 Mil mean?
Viking Holdings (FRA:ZG8) has a EBIT of €1,331 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Viking Holdings.
Is Viking Holdings' EBIT too high?
Viking Holdings' current EBIT is €1,331 Mil. Overall, Viking Holdings has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Viking Holdings' EBIT compare to CCL and TCOM?
Viking Holdings' EBIT of €1,331 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 Viking Holdings. Viking Holdings's current EBIT is €1,331 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viking Holdings stock overvalued right now?
Viking Holdings (FRA:ZG8) has a current EBIT of €1,331 Mil. The current EBIT is €1,331 Mil. Viking Holdings' overall GF Score™ is 26/100 with 7 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 Viking Holdings (FRA:ZG8), the current EBIT is €1,331 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.

Viking Holdings Business Description

Other Exchanges VIK:USA
Address 94 Pitts Bay Road, Pembroke, BMU, HM 08
Viking Holdings Ltd is a travel company, with a fleet of 92 small ships, which view as floating hotels. It offers travel experiences on all seven continents in all three categories of the cruise industry river, ocean, and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment offers ocean cruises to English-speaking passengers. Other include operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers (Expedition), Mississippi River cruises for English-speaking passengers, and Viking China, which includes cruises for Mandarin.
26GF Score

Get the complete analysis for FRA:ZG8

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

€90.00
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