VNET Group (HAM:217A) EBIT: €164 Mil (TTM As of Mar. 2026)


HAM:217A VNET Group Inc HAM:217A
54 GF Score
Price €6.46
GF Value €3.60
! 8 Warning Signs
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What is VNET Group EBIT?

VNET Group HAM:217A -10.28% 54 EBIT is €164 Mil as of Mar. 2026. GuruFocus rates HAM:217A with a GF Score™ of 54/100 and a GF Value™ of €3.60. The stock has 8 warning signs investors should review.

VNET Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €164 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VNET Group's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. VNET Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VNET Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.14%.


VNET Group  (HAM:217A) EBIT Explanation

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

VNET Group'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 )
=123.964 * ( 1 - 100% )/( (4906.635 + 5327.263)/ 2 )
=0/5116.949
=0.00 %

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))
=5407.118 - 621.171 - ( 715.721 - max(0, 1509.246 - 1388.558+715.721))
=4906.635

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))
=6164.411 - 857.929 - ( 1065.589 - max(0, 1839.358 - 1818.577+1065.589))
=5327.263

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

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

VNET Group'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 )
=130.372/( ( (3352.236 + max(-295.056, 0)) + (3670.102 + max(-324.105, 0)) )/ 2 )
=130.372/( ( 3352.236 + 3670.102 )/ 2 )
=130.372/3511.169
=3.71 %

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)
=(301.794 + 0 + 208.519) - (621.171 + 136.245 + 47.953)
=-295.056

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(336.703 + 0 + 362.299) - (857.929 + 165.178 + 2.2737367544323E-13)
=-324.105

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=164.376/5228.407
=3.14 %

* 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.


VNET Group EBIT Related Terms


VNET Group EBIT Historical Data

* Premium members only.

The historical data trend for VNET Group'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.

VNET Group EBIT Chart

VNET Group 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 138.97 -48.36 -279.19 114.86 123.17

VNET Group 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 -9.02 32.52 -12.53 111.80 32.59

HAM:217A vs PENG, KD, CHRN: EBIT Comparison

For the Information Technology Services subindustry, VNET Group'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.


VNET Group EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, VNET Group's EV-to-EBIT distribution charts can be found below:

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


HAM:217A
54GF Score
VNET Group Inc HAM:217A
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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VNET Group 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 €164 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 €164 Mil mean?
VNET Group (HAM:217A) has a EBIT of €164 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VNET Group.
Is VNET Group's EBIT too high?
VNET Group's current EBIT is €164 Mil. Overall, VNET Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's EBIT compare to PENG and KD?
VNET Group's EBIT of €164 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 VNET Group. VNET Group's current EBIT is €164 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current EBIT of €164 Mil. The stock's GF Value™ is €3.60, compared to a current price of €6.46 — trading 79.4% above its estimated fair value. The current EBIT is €164 Mil. VNET Group's overall GF Score™ is 54/100 with 8 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 VNET Group (HAM:217A), the current EBIT is €164 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 VNET Group (HAM:217A) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of €6.46 is trading 79.4% above its estimated GF Value™ of €3.60.

Key valuation signals for HAM:217A:

  • EBIT: €164 Mil
  • GF Value™: €3.60 vs. price of €6.46 (79.4% above fair value)
  • GF Score™: 54/100 with 8 warning signs

No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VNET Group Business Description

Other Exchanges VNET:USA217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
54GF Score

Get the complete analysis for HAM:217A

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

€6.46
Price
€3.60
GF Value