GGGSF (Greggs) EBIT: $249 Mil (TTM As of Dec. 2025)


GGGSF Greggs PLC GGGSF
78 GF Score
Price $20.51
GF Value $45.81
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Greggs EBIT?

Greggs GGGSF 78 EBIT is $249 Mil as of Dec. 2025. GuruFocus rates GGGSF with a GF Score™ of 78/100 and a GF Value™ of $45.81 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Greggs's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $151 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $249 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greggs's annualized ROC % for the quarter that ended in Dec. 2025 was 12.66%. Greggs's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greggs's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.96%.


Greggs  (OTCPK:GGGSF) EBIT Explanation

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

Greggs'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 )
=313.52 * ( 1 - 27.14% )/( (1703.799 + 1904.685)/ 2 )
=228.430672/1804.242
=12.66 %

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))
=1821.167 - 323.474 - ( 44.098 - max(0, 403.799 - 197.693+44.098))
=1703.799

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))
=1986.613 - 285.141 - ( 94.779 - max(0, 465.462 - 262.249+94.779))
=1904.685

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:

Greggs'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 )
=302.544/( ( (1579.512 + max(-173.813, 0)) + (1666.801 + max(-228.38, 0)) )/ 2 )
=302.544/( ( 1579.512 + 1666.801 )/ 2 )
=302.544/1623.1565
=18.64 %

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)
=(77.612 + 75.984 + -0.0010000000000048) - (323.474 + 0 + 3.934)
=-173.813

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.627 + 74.565 + 22.222) - (285.141 + 0 + 96.653)
=-228.38

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=248.558/2772.576
=8.96 %

* 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.


Greggs EBIT Related Terms


Greggs EBIT Historical Data

* Premium members only.

The historical data trend for Greggs'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.

Greggs EBIT Chart

Greggs 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 203.59 189.77 251.39 275.35 247.26

Greggs 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 147.98 102.29 173.70 97.29 151.27

GGGSF vs MCD, SBUX, CMG: EBIT Comparison

For the Restaurants subindustry, Greggs'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.


Greggs EV-to-EBIT vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Greggs's EV-to-EBIT distribution charts can be found below:

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


GGGSF
78GF Score
Greggs PLC GGGSF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Greggs 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 $249 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 $249 Mil mean?
Greggs (GGGSF) has a EBIT of $249 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Greggs.
Is Greggs' EBIT too high?
Greggs' current EBIT is $249 Mil. Overall, Greggs has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Greggs' EBIT compare to MCD and SBUX?
Greggs' EBIT of $249 Mil can be compared against companies in the Restaurants 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 Restaurants company?
A good EBIT depends on the Restaurants 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 Greggs. Greggs's current EBIT is $249 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greggs stock overvalued right now?
Based on GuruFocus' analysis, Greggs (GGGSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $45.81, compared to a current price of $20.51 — trading 55.2% below its estimated fair value. The current EBIT is $249 Mil. Greggs' overall GF Score™ is 78/100 with 4 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 Greggs (GGGSF), the current EBIT is $249 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 Greggs (GGGSF) Overvalued in 2026?

Based on GuruFocus' analysis, Greggs stock appears to be undervalued. The current stock price of $20.51 is trading 55.2% below its estimated GF Value™ of $45.81. GuruFocus considers Greggs to be Significantly Undervalued.

Key valuation signals for GGGSF:

  • EBIT: $249 Mil
  • GF Value™: $45.81 vs. price of $20.51 (55.2% below fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Greggs Business Description

Address Greggs House, Quorum Business Park, Newcastle upon Tyne, GBR, NE12 8BU
Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities and the Business-to-business channel. The majority of its revenue is generated from the Company-managed retail activities segment, in which the Group sells a consistent range of fresh bakery goods, sandwiches, and drinks in its own shops or via delivery. Sales are made to the general public on a cash basis. All results arise in the United Kingdom.
78GF Score

Get the complete analysis for GGGSF

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

$20.51
Price
$45.81
GF Value