Kesko Oyj (HAM:KEK) EBIT: €655 Mil (TTM As of Mar. 2026)


HAM:KEK Kesko Oyj HAM:KEK
75 GF Score
Price €19.39
GF Value €19.25
! 8 Warning Signs
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What is Kesko Oyj EBIT?

Kesko Oyj HAM:KEK -1.82% 75 EBIT is €655 Mil as of Mar. 2026. GuruFocus rates HAM:KEK with a GF Score™ of 75/100 and a GF Value™ of €19.25. The stock has 8 warning signs investors should review.

Kesko Oyj's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €100 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €655 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kesko Oyj's annualized ROC % for the quarter that ended in Mar. 2026 was 3.97%. Kesko Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kesko Oyj's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.63%.

Kesko Oyj  (HAM:KEK) EBIT Explanation

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

Kesko Oyj'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 )
=386 * ( 1 - 19.78% )/( (7502.6 + 8089.9)/ 2 )
=309.6492/7796.25
=3.97 %

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))
=8823.1 - 1397.6 - ( 166.2 - max(0, 2790.4 - 2713.3+166.2))
=7502.6

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))
=9230.4 - 1592.6 - ( 169.3 - max(0, 3417.5 - 2965.4+169.3))
=8089.9

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

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

Kesko Oyj'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 )
=398/( ( (4661 + max(261.5, 0)) + (4811.2 + max(-142.6, 0)) )/ 2 )
=398/( ( 4922.5 + 4811.2 )/ 2 )
=398/4866.85
=8.18 %

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)
=(1014.8 + 1201.2 + 302) - (1397.6 + 0 + 858.9)
=261.5

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1190.5 + 1284.1 + 23.3) - (1592.6 + 0 + 1047.9)
=-142.6

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:

Kesko Oyj's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=654.5/11629.666
=5.63 %

* 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.

Kesko Oyj EBIT Related Terms

Kesko Oyj EBIT Historical Data

* Premium members only.

The historical data trend for Kesko Oyj'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.

Kesko Oyj EBIT Chart

Kesko Oyj 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 789.00 833.50 711.80 599.20 647.80

Kesko Oyj 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 94.40 182.40 208.60 164.00 99.50

HAM:KEK vs KR, SFM, ACI: EBIT Comparison

For the Grocery Stores subindustry, Kesko Oyj'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.

Kesko Oyj EV-to-EBIT vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kesko Oyj's EV-to-EBIT distribution charts can be found below:

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


HAM:KEK
75GF Score
Kesko Oyj HAM:KEK
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Kesko Oyj 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 €655 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 €655 Mil mean?
Kesko Oyj (HAM:KEK) has a EBIT of €655 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Kesko Oyj.
Is Kesko Oyj's EBIT too high?
Kesko Oyj's current EBIT is €655 Mil. Overall, Kesko Oyj has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Kesko Oyj's EBIT compare to KR and SFM?
Kesko Oyj's EBIT of €655 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good EBIT depends on the Retail - Defensive 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 Kesko Oyj. Kesko Oyj's current EBIT is €655 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kesko Oyj stock overvalued right now?
Kesko Oyj (HAM:KEK) has a current EBIT of €655 Mil. The stock's GF Value™ is €19.25, compared to a current price of €19.39 — trading 0.7% above its estimated fair value. The current EBIT is €655 Mil. Kesko Oyj's overall GF Score™ is 75/100 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 Kesko Oyj (HAM:KEK), the current EBIT is €655 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 Kesko Oyj (HAM:KEK) Overvalued in 2026?

Based on GuruFocus' analysis, Kesko Oyj stock appears to be overvalued. The current stock price of €19.39 is trading 0.7% above its estimated GF Value™ of €19.25.

Key valuation signals for HAM:KEK:

  • EBIT: €655 Mil
  • GF Value™: €19.25 vs. price of €19.39 (0.7% above fair value)
  • GF Score™: 75/100 with 8 warning signs

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

Kesko Oyj Business Description

Address Tyopajankatu 12, Helsinki, FIN, 00580
Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the maximum revenue.
75GF Score

Get the complete analysis for HAM:KEK

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

€19.39
Price
€19.25
GF Value