FRCEF (Fletcher Building) EBIT: $-184 Mil (TTM As of Dec. 2025)


FRCEF Fletcher Building Ltd FRCEF
54 GF Score
Price $1.63
GF Value $1.24
! 7 Warning Signs
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What is Fletcher Building EBIT?

Fletcher Building FRCEF 54 EBIT is $-184 Mil as of Dec. 2025. GuruFocus rates FRCEF with a GF Score™ of 54/100 and a GF Value™ of $1.24. The stock has 7 warning signs investors should review.

Fletcher Building's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $-36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $-184 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fletcher Building's annualized ROC % for the quarter that ended in Dec. 2025 was -1.36%. Fletcher Building's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -2.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fletcher Building's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -5.42%.


Fletcher Building  (OTCPK:FRCEF) EBIT Explanation

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

Fletcher Building'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 )
=-72.916 * ( 1 - 26.15% )/( (3975.859 + 3925.347)/ 2 )
=-53.848466/3950.603
=-1.36 %

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))
=4766.445 - 706.699 - ( 83.887 - max(0, 1059.747 - 1448.401+83.887))
=3975.859

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))
=4483.796 - 522.569 - ( 35.88 - max(0, 1010.417 - 1515.046+35.88))
=3925.347

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:

Fletcher Building'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 )
=-72.916/( ( (2093.543 + max(305.37, 0)) + (1857.06 + max(623.263, 0)) )/ 2 )
=-72.916/( ( 2398.913 + 2480.323 )/ 2 )
=-72.916/2439.618
=-2.99 %

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)
=(372.963 + 799.638 + 52.504) - (706.699 + 0 + 213.036)
=305.37

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(405.093 + 803.241 + 270.832) - (522.569 + 0 + 333.334)
=623.263

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:

Fletcher Building's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-184.316/3401.970
=-5.42 %

* 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.


Fletcher Building EBIT Related Terms


Fletcher Building EBIT Historical Data

* Premium members only.

The historical data trend for Fletcher Building'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.

Fletcher Building EBIT Chart

Fletcher Building Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 341.86 410.42 270.55 75.51 -195.53

Fletcher Building 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 3.11 72.44 -45.40 -147.86 -36.46

FRCEF vs CRH, VMC, MLM: EBIT Comparison

For the Building Materials subindustry, Fletcher Building'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.


Fletcher Building EV-to-EBIT vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Fletcher Building's EV-to-EBIT distribution charts can be found below:

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


FRCEF
54GF Score
Fletcher Building Ltd FRCEF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Fletcher Building 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 $-184 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 $-184 Mil mean?
Fletcher Building (FRCEF) has a EBIT of $-184 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fletcher Building.
Is Fletcher Building's EBIT too high?
Fletcher Building's current EBIT is $-184 Mil. Overall, Fletcher Building has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Fletcher Building's EBIT compare to CRH and VMC?
Fletcher Building's EBIT of $-184 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good EBIT depends on the Building Materials 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 Fletcher Building. Fletcher Building's current EBIT is $-184 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fletcher Building stock overvalued right now?
Fletcher Building (FRCEF) has a current EBIT of $-184 Mil. The stock's GF Value™ is $1.24, compared to a current price of $1.63 — trading 31.5% above its estimated fair value. The current EBIT is $-184 Mil. Fletcher Building's overall GF Score™ is 54/100 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 Fletcher Building (FRCEF), the current EBIT is $-184 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 Fletcher Building (FRCEF) Overvalued in 2026?

Based on GuruFocus' analysis, Fletcher Building stock appears to be overvalued. The current stock price of $1.63 is trading 31.5% above its estimated GF Value™ of $1.24.

Key valuation signals for FRCEF:

  • EBIT: $-184 Mil
  • GF Value™: $1.24 vs. price of $1.63 (31.5% above fair value)
  • GF Score™: 54/100 with 7 warning signs

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


Fletcher Building Business Description

Address 810 Great South Road, Penrose, Auckland, NTL, NZL, 1061
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.
54GF Score

Get the complete analysis for FRCEF

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

$1.63
Price
$1.24
GF Value