Gold Fields (HAM:EDG) EBIT: €4,646 Mil (TTM As of Dec. 2025)

What is Gold Fields EBIT?

Gold Fields HAM:EDG -6.08% 98 EBIT is €4,646 Mil as of Dec. 2025. GuruFocus rates HAM:EDG with a GF Score™ of 98/100 and a GF Value™ of €33.38 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Gold Fields's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €3,191 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €4,646 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gold Fields's annualized ROC % for the quarter that ended in Dec. 2025 was 34.49%. Gold Fields's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 77.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gold Fields's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.62%.

Gold Fields (HAM:EDG) EBIT Explanation

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

Gold Fields'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 )
=	4712.542 * ( 1 - 29.25% )	/	( (8566.046	+	10770.477)	/ 2 )
=	3334.123465	/	9668.2615
=	34.49 %

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	))
=	9414.059	-	0	-	( 924.655	-	max(0, 957.168	-	1805.181	+	924.655	))
=	8566.046

	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	))
=	13002.321	-	1080.225	-	( 1519.437	-	max(0, 1451.715	-	2603.334	+	1519.437	))
=	10770.477

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:

Gold Fields'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 )
=	6382.284	/	( ( (6880.945 + max(-4.7679999999999, 0))	+	(9681.627 + max(-259.105, 0)) )	/	2 )
=	6382.284	/	( ( 6880.945	+	9681.627 )	/	2 )
=	6382.284	/	8281.286
=	77.07 %

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)
=	(0	+	0	+	880.526)	-	(0	+	0	+	885.294)
=	-4.7679999999999

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(123.061	+	668.34	+	159.869)	-	(1080.225	+	0	+	130.15)
=	-259.105

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	4646.488	/	26363.766
	=	17.62 %

* 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.

Gold Fields EBIT Related Terms

Gold Fields EBIT Historical Data

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The historical data trend for Gold Fields's EBIT can be seen below:

Gold Fields EBIT Chart

Gold Fields Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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1,225.46

1,154.80

1,167.52

1,946.29

4,624.67

Gold Fields 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															450.71	622.34	1,306.54	1,455.35	3,191.14

HAM:EDG vs NEM, AU, CDE: EBIT Comparison

For the Gold subindustry, Gold Fields'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.

Gold Fields EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold Fields's EV-to-EBIT distribution charts can be found below:

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

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98GF Score

Gold Fields Ltd HAM:EDG

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Gold Fields 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 €4,646 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €4,646 Mil mean?

Gold Fields (HAM:EDG) has a EBIT of €4,646 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gold Fields.

Is Gold Fields' EBIT too high?

Gold Fields' current EBIT is €4,646 Mil. Overall, Gold Fields has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Gold Fields' EBIT compare to NEM and AU?

Gold Fields' EBIT of €4,646 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?

A good EBIT depends on the Metals & Mining 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 Gold Fields. Gold Fields's current EBIT is €4,646 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gold Fields stock overvalued right now?

Based on GuruFocus' analysis, Gold Fields (HAM:EDG) is currently considered Modestly Undervalued. The stock's GF Value™ is €33.38, compared to a current price of €27.80 — trading 16.7% below its estimated fair value. The current EBIT is €4,646 Mil. Gold Fields' overall GF Score™ is 98/100 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 Gold Fields (HAM:EDG), the current EBIT is €4,646 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 Gold Fields (HAM:EDG) Overvalued in 2026?

Based on GuruFocus' analysis, Gold Fields stock appears to be undervalued. The current stock price of €27.80 is trading 16.7% below its estimated GF Value™ of €33.38. GuruFocus considers Gold Fields to be Modestly Undervalued.

Key valuation signals for HAM:EDG:

EBIT: €4,646 Mil
GF Value™: €33.38 vs. price of €27.80 (16.7% below fair value)
GF Score™: 98/100 with 2 warning signs

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

Gold Fields Business Description

Industry Basic Materials Metals & Mining

Comparable Companies JSE:HAR JSE:DRD JSE:RNG SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM AU TSX:FNV HKSE:02259 TSX:K TSX:PAAS CDE ASX:NST RGLD SHSE:600547 ASX:EVN TSX:AGI TSX:LUG

Other Exchanges GFI:South Africa GFIOF:USA GFI:USA GFIN:Mexico EDGA:Germany G1FI34:Brazil GFI:Argentina

Address 150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website https://www.goldfields.com

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia, and Peru. In Peru, the company also produces copper. The company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing, and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith, and South Deep, and surface-only open pit mining at Damang, Tarkwa, and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.

98GF Score

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

€27.80

Price

€33.38

GF Value

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