HEPS (D-MARKET Electronic Services & Trading) EBIT: $-26 Mil (TTM As of Mar. 2026)


HEPS D-MARKET Electronic Services & Trading HEPS
70 GF Score
Price $2.90
GF Value $2.15
Valuation Significantly Overvalued
! 6 Warning Signs
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What is D-MARKET Electronic Services & Trading EBIT?

D-MARKET Electronic Services & Trading HEPS -0.34% 70 EBIT is $-26 Mil as of Mar. 2026. GuruFocus rates HEPS with a GF Score™ of 70/100 and a GF Value™ of $2.15 (Significantly Overvalued). The stock has 6 warning signs investors should review.

D-MARKET Electronic Services & Trading's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. D-MARKET Electronic Services & Trading's annualized ROC % for the quarter that ended in Mar. 2026 was -11.89%. D-MARKET Electronic Services & Trading's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 233.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. D-MARKET Electronic Services & Trading's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.00%.


D-MARKET Electronic Services & Trading  (NAS:HEPS) EBIT Explanation

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

D-MARKET Electronic Services & Trading'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 )
=-39.832 * ( 1 - 0% )/( (319.724 + 350.118)/ 2 )
=-39.832/334.921
=-11.89 %

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))
=866.359 - 633.938 - ( 312.427 - max(0, 782.967 - 695.664+312.427))
=319.724

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))
=733.727 - 505.168 - ( 223.02 - max(0, 675.148 - 553.589+223.02))
=350.118

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

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

D-MARKET Electronic Services & Trading'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 )
=186.504/( ( (77.182 + max(-364.062, 0)) + (82.524 + max(-306.992, 0)) )/ 2 )
=186.504/( ( 77.182 + 82.524 )/ 2 )
=186.504/79.853
=233.56 %

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)
=(146.304 + 204.692 + 29.277) - (633.938 + 74.074 + 36.323)
=-364.062

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110.208 + 185.983 + 34.378) - (505.168 + 61.579 + 70.814)
=-306.992

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:

D-MARKET Electronic Services & Trading's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-25.913/864.127
=-3.00 %

* 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.


D-MARKET Electronic Services & Trading EBIT Related Terms


D-MARKET Electronic Services & Trading EBIT Historical Data

* Premium members only.

The historical data trend for D-MARKET Electronic Services & Trading'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.

D-MARKET Electronic Services & Trading EBIT Chart

D-MARKET Electronic Services & Trading Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -202.90 -327.35 94.45 47.21 -36.02

D-MARKET Electronic Services & Trading 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 50.14 41.45 36.60 -150.59 46.63

HEPS vs AMZN, BABA, PDD: EBIT Comparison

For the Internet Retail subindustry, D-MARKET Electronic Services & Trading'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.


D-MARKET Electronic Services & Trading EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, D-MARKET Electronic Services & Trading's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where D-MARKET Electronic Services & Trading's EV-to-EBIT falls into.


HEPS
70GF Score
D-MARKET Electronic Services & Trading HEPS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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D-MARKET Electronic Services & Trading 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 $-26 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 $-26 Mil mean?
D-MARKET Electronic Services & Trading (HEPS) has a EBIT of $-26 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on D-MARKET Electronic Services & Trading.
Is D-MARKET Electronic Services & Trading's EBIT too high?
D-MARKET Electronic Services & Trading's current EBIT is $-26 Mil. Overall, D-MARKET Electronic Services & Trading has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-MARKET Electronic Services & Trading's EBIT compare to AMZN and BABA?
D-MARKET Electronic Services & Trading's EBIT of $-26 Mil can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 D-MARKET Electronic Services & Trading. D-MARKET Electronic Services & Trading's current EBIT is $-26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-MARKET Electronic Services & Trading stock overvalued right now?
Based on GuruFocus' analysis, D-MARKET Electronic Services & Trading (HEPS) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.15, compared to a current price of $2.90 — trading 34.9% above its estimated fair value. The current EBIT is $-26 Mil. D-MARKET Electronic Services & Trading's overall GF Score™ is 70/100 with 6 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 D-MARKET Electronic Services & Trading (HEPS), the current EBIT is $-26 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 D-MARKET Electronic Services & Trading (HEPS) Overvalued in 2026?

Based on GuruFocus' analysis, D-MARKET Electronic Services & Trading stock appears to be overvalued. The current stock price of $2.90 is trading 34.9% above its estimated GF Value™ of $2.15. GuruFocus considers D-MARKET Electronic Services & Trading to be Significantly Overvalued.

Key valuation signals for HEPS:

  • EBIT: $-26 Mil
  • GF Value™: $2.15 vs. price of $2.90 (34.9% above fair value)
  • GF Score™: 70/100 with 6 warning signs

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


D-MARKET Electronic Services & Trading Business Description

Other Exchanges HEPSD:Kazakhstan8WZ:Germany
Address Kustepe Mahallesi Mecidiyekoy Yolu, Trump Tower, Cadde no: 12 Tower: 2 Floor:2, K2 Sisli, Istanbul, TUR, 34387
D-MARKET Electronic Services & Trading offers an e-commerce platform in Turkey and the surrounding region. The company is comprised of one reportable segment, namely e-commerce operations. It's portfolio offers its retail customers a wide selection of merchandise including electronics and non-electronics (including books, sports, toys, kids and baby products, cosmetics, furniture, etc). The Group derives revenue from the sales of goods, marketplace revenues and other revenues.
70GF Score

Get the complete analysis for HEPS

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

$2.90
Price
$2.15
GF Value