Rheinmetall AG (HAM:RHMB) EBIT: €1,696 Mil (TTM As of Mar. 2026)


HAM:RHMB Rheinmetall AG HAM:RHMB
72 GF Score
Price €232.00
GF Value €158.67
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Rheinmetall AG EBIT?

Rheinmetall AG HAM:RHMB -0.85% 72 EBIT is €1,696 Mil as of Mar. 2026. GuruFocus rates HAM:RHMB with a GF Score™ of 72/100 and a GF Value™ of €158.67 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Rheinmetall AG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €188 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,696 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rheinmetall AG's annualized ROC % for the quarter that ended in Mar. 2026 was 3.43%. Rheinmetall AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rheinmetall AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.04%.


Rheinmetall AG  (HAM:RHMB) EBIT Explanation

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

Rheinmetall AG'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 )
=704 * ( 1 - 24.38% )/( (13513 + 17508)/ 2 )
=532.3648/15510.5
=3.43 %

where

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

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

Rheinmetall AG'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 )
=752/( ( (2300 + max(-691, 0)) + (2567 + max(-939, 0)) )/ 2 )
=752/( ( 2300 + 2567 )/ 2 )
=752/2433.5
=30.90 %

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)
=(1907 + 4137 + 2209) - (1568 + 0 + 7376)
=-691

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1741 + 5717 + 1870) - (1587 + 0 + 8680)
=-939

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:

Rheinmetall AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1696/55803.917
=3.04 %

* 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.


Rheinmetall AG EBIT Related Terms


Rheinmetall AG EBIT Historical Data

* Premium members only.

The historical data trend for Rheinmetall AG'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.

Rheinmetall AG EBIT Chart

Rheinmetall AG 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 613.00 750.00 926.00 1,284.00 1,688.00

Rheinmetall AG 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 167.00 240.00 317.00 951.00 188.00

HAM:RHMB vs GE, RTX, BA: EBIT Comparison

For the Aerospace & Defense subindustry, Rheinmetall AG'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.


Rheinmetall AG EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's EV-to-EBIT distribution charts can be found below:

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


HAM:RHMB
72GF Score
Rheinmetall AG HAM:RHMB
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Rheinmetall AG 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 €1,696 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 €1,696 Mil mean?
Rheinmetall AG (HAM:RHMB) has a EBIT of €1,696 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Rheinmetall AG.
Is Rheinmetall AG's EBIT too high?
Rheinmetall AG's current EBIT is €1,696 Mil. Overall, Rheinmetall AG has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's EBIT compare to GE and RTX?
Rheinmetall AG's EBIT of €1,696 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense 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 Rheinmetall AG. Rheinmetall AG's current EBIT is €1,696 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (HAM:RHMB) is currently considered Significantly Overvalued. The stock's GF Value™ is €158.67, compared to a current price of €232.00 — trading 46.2% above its estimated fair value. The current EBIT is €1,696 Mil. Rheinmetall AG's overall GF Score™ is 72/100 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 Rheinmetall AG (HAM:RHMB), the current EBIT is €1,696 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 Rheinmetall AG (HAM:RHMB) Overvalued in 2026?

Based on GuruFocus' analysis, Rheinmetall AG stock appears to be overvalued. The current stock price of €232.00 is trading 46.2% above its estimated GF Value™ of €158.67. GuruFocus considers Rheinmetall AG to be Significantly Overvalued.

Key valuation signals for HAM:RHMB:

  • EBIT: €1,696 Mil
  • GF Value™: €158.67 vs. price of €232.00 (46.2% above fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Rheinmetall AG Business Description

Address Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
72GF Score

Get the complete analysis for HAM:RHMB

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

€232.00
Price
€158.67
GF Value