Conagra Brands (HAM:CAO) EBIT: €475 Mil (TTM As of Feb. 2026)


HAM:CAO Conagra Brands Inc HAM:CAO
60 GF Score
Price €11.80
GF Value €21.56
Valuation Possible Value Trap
! 3 Warning Signs
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What is Conagra Brands EBIT?

Conagra Brands HAM:CAO +1.46% 60 EBIT is €475 Mil as of Feb. 2026. GuruFocus rates HAM:CAO with a GF Score™ of 60/100 and a GF Value™ of €21.56 (Possible Value Trap). The stock has 3 warning signs investors should review.

Conagra Brands's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2026 was €273 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was €475 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Conagra Brands's annualized ROC % for the quarter that ended in Feb. 2026 was 5.56%. Conagra Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 37.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Conagra Brands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.85%.


Conagra Brands  (HAM:CAO) EBIT Explanation

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

Conagra Brands's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=947.86 * ( 1 - 12.98% )/( (15119.248 + 14548.493)/ 2 )
=824.827772/14833.8705
=5.56 %

where

Invested Capital(Q: Nov. 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))
=16902.359 - 2123.402 - ( 40.309 - max(0, 3131.04 - 2790.749+40.309))
=15119.248

Invested Capital(Q: Feb. 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))
=16253.606 - 1973.549 - ( 46.615 - max(0, 2714.053 - 2445.617+46.615))
=14548.493

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

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

Conagra Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1093.708/( ( (2423.47 + max(627.038, 0)) + (2369.308 + max(425.453, 0)) )/ 2 )
=1093.708/( ( 3050.508 + 2794.761 )/ 2 )
=1093.708/2922.6345
=37.42 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(722.707 + 1902.827 + 124.906) - (2123.402 + 0 + 0)
=627.038

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(640.422 + 1644.286 + 114.294) - (1973.549 + 0 + 0)
=425.453

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=474.961/12334.700
=3.85 %

* 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.


Conagra Brands EBIT Related Terms


Conagra Brands EBIT Historical Data

* Premium members only.

The historical data trend for Conagra Brands'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.

Conagra Brands EBIT Chart

Conagra Brands Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,508.23 1,476.42 1,210.17 967.92 1,397.38

Conagra Brands Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 278.69 350.90 331.14 -480.51 273.43

HAM:CAO vs INGR, CPB, PPC: EBIT Comparison

For the Packaged Foods subindustry, Conagra Brands'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.


Conagra Brands EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's EV-to-EBIT distribution charts can be found below:

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


HAM:CAO
60GF Score
Conagra Brands Inc HAM:CAO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Conagra Brands 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €475 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 €475 Mil mean?
Conagra Brands (HAM:CAO) has a EBIT of €475 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Conagra Brands.
Is Conagra Brands' EBIT too high?
Conagra Brands' current EBIT is €475 Mil. Overall, Conagra Brands has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conagra Brands' EBIT compare to INGR and CPB?
Conagra Brands' EBIT of €475 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Conagra Brands. Conagra Brands's current EBIT is €475 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conagra Brands stock overvalued right now?
Based on GuruFocus' analysis, Conagra Brands (HAM:CAO) is currently considered Possible Value Trap. The stock's GF Value™ is €21.56, compared to a current price of €11.80 — trading 45.3% below its estimated fair value. The current EBIT is €475 Mil. Conagra Brands' overall GF Score™ is 60/100 with 3 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 Conagra Brands (HAM:CAO), the current EBIT is €475 Mil as of Feb. 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 Conagra Brands (HAM:CAO) Overvalued in 2026?

Based on GuruFocus' analysis, Conagra Brands stock appears to be undervalued. The current stock price of €11.80 is trading 45.3% below its estimated GF Value™ of €21.56. GuruFocus considers Conagra Brands to be Possible Value Trap.

Key valuation signals for HAM:CAO:

  • EBIT: €475 Mil
  • GF Value™: €21.56 vs. price of €11.80 (45.3% below fair value)
  • GF Score™: 60/100 with 3 warning signs

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


Conagra Brands Business Description

Address 222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
Conagra Brands is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, and Wish-Bone. The company primarily sells through the US retail channel, with just 9% of fiscal 2025 revenue coming from international markets and 9% from foodservice.
60GF Score

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

€11.80
Price
€21.56
GF Value