Birkenstock Holding (HAM:7PV) EBIT: €540 Mil (TTM As of Mar. 2026)


HAM:7PV Birkenstock Holding PLC HAM:7PV
65 GF Score
Price €39.55
GF Value €59.39
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Birkenstock Holding EBIT?

Birkenstock Holding HAM:7PV +6.77% 65 EBIT is €540 Mil as of Mar. 2026. GuruFocus rates HAM:7PV with a GF Score™ of 65/100 and a GF Value™ of €59.39 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Birkenstock Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €155 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €540 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Birkenstock Holding's annualized ROC % for the quarter that ended in Mar. 2026 was 9.52%. Birkenstock Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 47.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Birkenstock Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.38%.


Birkenstock Holding  (HAM:7PV) EBIT Explanation

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

Birkenstock Holding'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 )
=649.612 * ( 1 - 32.69% )/( (4502.545 + 4687.871)/ 2 )
=437.2538372/4595.208
=9.52 %

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))
=4949.68 - 217.908 - ( 229.227 - max(0, 397.677 - 1245.316+229.227))
=4502.545

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))
=5164.463 - 275.125 - ( 201.467 - max(0, 479.953 - 1413.849+201.467))
=4687.871

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

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

Birkenstock Holding'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 )
=621.8/( ( (569.731 + max(672.851, 0)) + (599.656 + max(795.553, 0)) )/ 2 )
=621.8/( ( 1242.582 + 1395.209 )/ 2 )
=621.8/1318.8955
=47.15 %

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)
=(117.919 + 831.921 + 61.731) - (217.908 + 11.279 + 109.533)
=672.851

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(298.959 + 844.706 + 64.858) - (275.125 + 9.654 + 128.191)
=795.553

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=539.98/8458.893
=6.38 %

* 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.


Birkenstock Holding EBIT Related Terms


Birkenstock Holding EBIT Historical Data

* Premium members only.

The historical data trend for Birkenstock Holding'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.

Birkenstock Holding EBIT Chart

Birkenstock Holding Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial 230.25 333.16 276.94 402.37 545.55

Birkenstock Holding Quarterly Data
Sep20 Sep21 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 175.32 197.98 108.22 78.33 155.45

HAM:7PV vs CROX, SHOO, ONON: EBIT Comparison

For the Footwear & Accessories subindustry, Birkenstock Holding'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.


Birkenstock Holding EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Birkenstock Holding's EV-to-EBIT distribution charts can be found below:

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


HAM:7PV
65GF Score
Birkenstock Holding PLC HAM:7PV
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Birkenstock Holding 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 €540 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 €540 Mil mean?
Birkenstock Holding (HAM:7PV) has a EBIT of €540 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Birkenstock Holding.
Is Birkenstock Holding's EBIT too high?
Birkenstock Holding's current EBIT is €540 Mil. Overall, Birkenstock Holding has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Birkenstock Holding's EBIT compare to CROX and SHOO?
Birkenstock Holding's EBIT of €540 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 Birkenstock Holding. Birkenstock Holding's current EBIT is €540 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Birkenstock Holding stock overvalued right now?
Based on GuruFocus' analysis, Birkenstock Holding (HAM:7PV) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.39, compared to a current price of €39.55 — trading 33.4% below its estimated fair value. The current EBIT is €540 Mil. Birkenstock Holding's overall GF Score™ is 65/100 with 2 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 Birkenstock Holding (HAM:7PV), the current EBIT is €540 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 Birkenstock Holding (HAM:7PV) Overvalued in 2026?

Based on GuruFocus' analysis, Birkenstock Holding stock appears to be undervalued. The current stock price of €39.55 is trading 33.4% below its estimated GF Value™ of €59.39. GuruFocus considers Birkenstock Holding to be Significantly Undervalued.

Key valuation signals for HAM:7PV:

  • EBIT: €540 Mil
  • GF Value™: €59.39 vs. price of €39.55 (33.4% below fair value)
  • GF Score™: 65/100 with 2 warning signs

No single metric tells the full story. See the HAM:7PV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Birkenstock Holding Business Description

Address 1-2 Berkeley Square, London, GBR, W1J 6EA
Birkenstock is a German footwear brand known for comfort-focused, timeless designs, with 76% of 2022 sales coming from its top five iconic models. Products are made in Europe using sustainable, mostly locally sourced materials. The brand combines orthopedic function with everyday style, appealing to a broad audience. The Americas account for 52% of sales, EMEA 37%, with the remainder coming from Asia-Pacific, which has also the higher future growth expectations.
65GF Score

Get the complete analysis for HAM:7PV

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

€39.55
Price
€59.39
GF Value