Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) EBIT: ₺1,801 Mil (TTM As of Mar. 2026)


IST:BULGS Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS
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What is Bulls Girisim Sermayesi Yatirim Ortakligi AS EBIT?

Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS +0.70% 24 EBIT is ₺1,801 Mil as of Mar. 2026. GuruFocus rates IST:BULGS with a GF Score™ of 24/100. The stock has 3 warning signs investors should review.

Bulls Girisim Sermayesi Yatirim Ortakligi AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₺-178 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₺1,801 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bulls Girisim Sermayesi Yatirim Ortakligi AS's annualized ROC % for the quarter that ended in Mar. 2026 was 6.22%. Bulls Girisim Sermayesi Yatirim Ortakligi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2,135.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bulls Girisim Sermayesi Yatirim Ortakligi AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.43%.


Bulls Girisim Sermayesi Yatirim Ortakligi AS  (IST:BULGS) EBIT Explanation

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

Bulls Girisim Sermayesi Yatirim Ortakligi AS'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 )
=413.02 * ( 1 - 0% )/( (6301.834 + 6967.913)/ 2 )
=413.02/6634.8735
=6.22 %

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))
=7494.586 - 1.365 - ( 1191.387 - max(0, 9.77 - 1210.916+1191.387))
=6301.834

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))
=8075.502 - 1.882 - ( 1105.707 - max(0, 10.055 - 1131.751+1105.707))
=6967.913

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

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

Bulls Girisim Sermayesi Yatirim Ortakligi AS'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 )
=-711.292/( ( (11.572 + max(17.187, 0)) + (22.057 + max(15.806, 0)) )/ 2 )
=-711.292/( ( 28.759 + 37.863 )/ 2 )
=-711.292/33.311
=-2,135.31 %

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)
=(0.025 + 0 + 19.504) - (1.365 + 0 + 0.977)
=17.187

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 19.044) - (1.882 + 0 + 1.356)
=15.806

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:

Bulls Girisim Sermayesi Yatirim Ortakligi AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1800.874/9773.431
=18.43 %

* 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.


Bulls Girisim Sermayesi Yatirim Ortakligi AS EBIT Related Terms


Bulls Girisim Sermayesi Yatirim Ortakligi AS EBIT Historical Data

* Premium members only.

The historical data trend for Bulls Girisim Sermayesi Yatirim Ortakligi AS'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.

Bulls Girisim Sermayesi Yatirim Ortakligi AS EBIT Chart

Bulls Girisim Sermayesi Yatirim Ortakligi AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
37.04 -0.89 1,803.90 1,817.92 1,637.22

Bulls Girisim Sermayesi Yatirim Ortakligi AS Quarterly Data
Dec21 Dec22 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 -447.58 643.47 597.98 737.24 -177.82

IST:BULGS vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Bulls Girisim Sermayesi Yatirim Ortakligi AS'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.


Bulls Girisim Sermayesi Yatirim Ortakligi AS EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bulls Girisim Sermayesi Yatirim Ortakligi AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bulls Girisim Sermayesi Yatirim Ortakligi AS's EV-to-EBIT falls into.


IST:BULGS
24GF Score
Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Bulls Girisim Sermayesi Yatirim Ortakligi AS 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 ₺1,801 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 ₺1,801 Mil mean?
Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) has a EBIT of ₺1,801 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bulls Girisim Sermayesi Yatirim Ortakligi AS.
Is Bulls Girisim Sermayesi Yatirim Ortakligi AS's EBIT too high?
Bulls Girisim Sermayesi Yatirim Ortakligi AS's current EBIT is ₺1,801 Mil. Overall, Bulls Girisim Sermayesi Yatirim Ortakligi AS has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Bulls Girisim Sermayesi Yatirim Ortakligi AS's EBIT compare to MS and GS?
Bulls Girisim Sermayesi Yatirim Ortakligi AS's EBIT of ₺1,801 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Bulls Girisim Sermayesi Yatirim Ortakligi AS. Bulls Girisim Sermayesi Yatirim Ortakligi AS's current EBIT is ₺1,801 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulls Girisim Sermayesi Yatirim Ortakligi AS stock overvalued right now?
Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) has a current EBIT of ₺1,801 Mil. The current EBIT is ₺1,801 Mil. Bulls Girisim Sermayesi Yatirim Ortakligi AS's overall GF Score™ is 24/100 with 3 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 Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS), the current EBIT is ₺1,801 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.

Bulls Girisim Sermayesi Yatirim Ortakligi AS Business Description

Address Bambu Street No. 5, Besiktas, Levent District, Istanbul, TUR
Bulls Girisim Sermayesi Yatirim Ortakligi AS provides financial, managerial, and structuring support to growth-stage and medium-sized companies, and ensures that the initiative values will contribute to the Turkish economy with professional capital. The company closely follows opportunities to invest in different sectors with high growth potential, with its corporate knowledge and experience.
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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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