HVNVY (Havas NV) EBIT: $363 Mil (TTM As of Dec. 2025)


HVNVY Havas NV HVNVY
18 GF Score
Price $96.26
! 7 Warning Signs
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What is Havas NV EBIT?

Havas NV HVNVY 18 EBIT is $363 Mil as of Dec. 2025. GuruFocus rates HVNVY with a GF Score™ of 18/100. The stock has 7 warning signs investors should review.

Havas NV's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $220 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $363 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Havas NV's annualized ROC % for the quarter that ended in Dec. 2025 was 7.45%. Havas NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 88.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Havas NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.16%.

Havas NV  (OTCPK:HVNVY) EBIT Explanation

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

Havas NV'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 )
=489.462 * ( 1 - 29.12% )/( (4316.033 + 4997.659)/ 2 )
=346.9306656/4656.846
=7.45 %

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))
=7656.286 - 4181.084 - ( 417.532 - max(0, 4913.495 - 4072.664+417.532))
=4316.033

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))
=7683.841 - 3462.529 - ( 351.288 - max(0, 4777.518 - 4001.171+351.288))
=4997.659

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:

Havas NV'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 )
=440.282/( ( (491.349 + max(-1188.006, 0)) + (501.171 + max(-1229.508, 0)) )/ 2 )
=440.282/( ( 491.349 + 501.171 )/ 2 )
=440.282/496.26
=88.72 %

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)
=(2920.415 + 154.556 + 73.817) - (4181.084 + 0 + 155.71)
=-1188.006

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3008.197 + 152.225 + 206.089) - (3462.529 + 0 + 1133.49)
=-1229.508

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:

Havas NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=363.163/1999.963
=18.16 %

* 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.

Havas NV EBIT Related Terms

Havas NV EBIT Historical Data

* Premium members only.

The historical data trend for Havas NV'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.

Havas NV EBIT Chart

Havas NV Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 237.29 304.03 319.52 304.71 365.34

Havas NV Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only 191.93 137.78 170.68 143.02 220.14

HVNVY vs APP, OMC, TTD: EBIT Comparison

For the Advertising Agencies subindustry, Havas NV'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.

Havas NV EV-to-EBIT vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Havas NV's EV-to-EBIT distribution charts can be found below:

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


HVNVY
18GF Score
Havas NV HVNVY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Havas NV 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 $363 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 $363 Mil mean?
Havas NV (HVNVY) has a EBIT of $363 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Havas NV.
Is Havas NV's EBIT too high?
Havas NV's current EBIT is $363 Mil. Overall, Havas NV has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Havas NV's EBIT compare to APP and OMC?
Havas NV's EBIT of $363 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good EBIT depends on the Media - Diversified 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 Havas NV. Havas NV's current EBIT is $363 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havas NV stock overvalued right now?
Havas NV (HVNVY) has a current EBIT of $363 Mil. The current EBIT is $363 Mil. Havas NV's overall GF Score™ is 18/100 with 7 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 Havas NV (HVNVY), the current EBIT is $363 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.

Havas NV Business Description

Address 29-30, quai de Dion Bouton, Puteaux, FRA, 92800
Havas NV is a communications group providing integrated advertising, media, and healthcare-focused communication services. Its has three business lines: (i) Havas Creative, which delivers creative services, from advertising, brand strategy and business transformation to digital and social media solutions as well as public relations and events; (ii) Havas Media, which is dedicated to delivering comprehensive media experiences, through media planning and buying, fan engagement, retail media and e-commerce, as well as data analytics services to optimize client advertising investments; and (iii) Havas Health, which focuses on healthcare and wellness communications, providing specialized marketing services to pharmaceutical companies. The majority of revenue is derived from Havas Creative.
18GF Score

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

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