Kenon Holdings (HAM:76N) EBIT: €223.5 Mil (TTM As of Mar. 2026)


HAM:76N Kenon Holdings Ltd HAM:76N
63 GF Score
Price €53.50
GF Value €36.16
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Kenon Holdings EBIT?

Kenon Holdings HAM:76N -2.73% 63 EBIT is €223.5 Mil as of Mar. 2026. GuruFocus rates HAM:76N with a GF Score™ of 63/100 and a GF Value™ of €36.16 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Kenon Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €64.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €223.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kenon Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 0.31%. Kenon Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kenon Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.37%.


Kenon Holdings  (HAM:76N) EBIT Explanation

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

Kenon 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 )
=13.84 * ( 1 - 20.93% )/( (3172.813 + 3939.21)/ 2 )
=10.943288/3556.0115
=0.31 %

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))
=4594.638 - 193.805 - ( 1354.147 - max(0, 311.879 - 1539.899+1354.147))
=3172.813

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))
=5532.54 - 305.345 - ( 1615.82 - max(0, 469.695 - 1757.68+1615.82))
=3939.21

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

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

Kenon 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 )
=256.04/( ( (1343.316 + max(-64.081, 0)) + (2356.26 + max(-187.705, 0)) )/ 2 )
=256.04/( ( 1343.316 + 2356.26 )/ 2 )
=256.04/1849.788
=13.84 %

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)
=(116.972 + 0 + 28.306) - (193.805 + 0 + 15.554)
=-64.081

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(105.53 + 0 + 36.33) - (305.345 + 0 + 24.22)
=-187.705

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=223.456/5108.797
=4.37 %

* 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.


Kenon Holdings EBIT Related Terms


Kenon Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Kenon 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.

Kenon Holdings EBIT Chart

Kenon Holdings 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 824.44 122.54 122.39 170.93 210.54

Kenon Holdings 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 54.58 24.28 92.87 42.30 64.01

HAM:76N vs OKLO, TLN, CEG: EBIT Comparison

For the Utilities - Independent Power Producers subindustry, Kenon 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.


Kenon Holdings EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's EV-to-EBIT distribution charts can be found below:

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


HAM:76N
63GF Score
Kenon Holdings Ltd HAM:76N
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kenon 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 €223.5 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 €223.5 Mil mean?
Kenon Holdings (HAM:76N) has a EBIT of €223.5 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Kenon Holdings.
Is Kenon Holdings' EBIT too high?
Kenon Holdings' current EBIT is €223.5 Mil. Overall, Kenon Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenon Holdings' EBIT compare to OKLO and TLN?
Kenon Holdings' EBIT of €223.5 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers 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 Kenon Holdings. Kenon Holdings's current EBIT is €223.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kenon Holdings (HAM:76N) is currently considered Significantly Overvalued. The stock's GF Value™ is €36.16, compared to a current price of €53.50 — trading 48% above its estimated fair value. The current EBIT is €223.5 Mil. Kenon Holdings' overall GF Score™ is 63/100 with 6 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 Kenon Holdings (HAM:76N), the current EBIT is €223.5 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 Kenon Holdings (HAM:76N) Overvalued in 2026?

Based on GuruFocus' analysis, Kenon Holdings stock appears to be overvalued. The current stock price of €53.50 is trading 48% above its estimated GF Value™ of €36.16. GuruFocus considers Kenon Holdings to be Significantly Overvalued.

Key valuation signals for HAM:76N:

  • EBIT: €223.5 Mil
  • GF Value™: €36.16 vs. price of €53.50 (48% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the HAM:76N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kenon Holdings Business Description

Address 1 Temasek Avenue, No. 37-02B, Millenia Tower, Singapore, SGP, 039192
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include: OPC Power Plants, which generates and supplies electricity and energy in Israel; and CPV Group, which generates and supplies electricity and energy in the United States. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.
63GF Score

Get the complete analysis for HAM:76N

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

€53.50
Price
€36.16
GF Value