Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) EBIT: ₺68,342 Mil (TTM As of Mar. 2026)

What is Tupras-Turkiye Petrol Rafineleri AS EBIT?

Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS -1.63% 80 EBIT is ₺68,342 Mil as of Mar. 2026. GuruFocus rates IST:TUPRS with a GF Score™ of 80/100 and a GF Value™ of ₺144.22 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Tupras-Turkiye Petrol Rafineleri AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₺14,593 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₺68,342 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tupras-Turkiye Petrol Rafineleri AS's annualized ROC % for the quarter that ended in Mar. 2026 was 4.10%. Tupras-Turkiye Petrol Rafineleri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tupras-Turkiye Petrol Rafineleri AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.98%.

Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) EBIT Explanation

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

Tupras-Turkiye Petrol Rafineleri 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 )
=	50565.852 * ( 1 - 63.26% )	/	( (401116.238	+	505778.676)	/ 2 )
=	18577.8940248	/	453447.457
=	4.10 %

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	))
=	591973.843	-	123674.67	-	( 91704.513	-	max(0, 169748.201	-	236931.136	+	91704.513	))
=	401116.238

	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	))
=	704745.459	-	170293.551	-	( 76845.53	-	max(0, 286503.719	-	315176.951	+	76845.53	))
=	505778.676

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

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

Tupras-Turkiye Petrol Rafineleri 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 )
=	58373.424	/	( ( (303633.466 + max(-3503.991, 0))	+	(334278.801 + max(-29524.658, 0)) )	/	2 )
=	58373.424	/	( ( 303633.466	+	334278.801 )	/	2 )
=	58373.424	/	318956.1335
=	18.30 %

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)
=	(52752.668	+	62908.289	+	28762.543)	-	(123674.67	+	0	+	24252.821)
=	-3503.991

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(76810.12	+	63127.668	+	97664.808)	-	(170293.551	+	0	+	96833.703)
=	-29524.658

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:

Tupras-Turkiye Petrol Rafineleri AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	68342.49	/	402485.814
	=	16.98 %

* 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.

Tupras-Turkiye Petrol Rafineleri AS EBIT Related Terms

Tupras-Turkiye Petrol Rafineleri AS EBIT Historical Data

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The historical data trend for Tupras-Turkiye Petrol Rafineleri AS's EBIT can be seen below:

Tupras-Turkiye Petrol Rafineleri AS EBIT Chart

Tupras-Turkiye Petrol Rafineleri AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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5,016.26

77,566.59

95,672.58

61,429.50

60,334.86

Tupras-Turkiye Petrol Rafineleri AS 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															7,977.28	13,293.27	19,236.40	21,219.47	14,593.36

IST:TUPRS vs VLO, MPC, PSX: EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's EV-to-EBIT falls into.

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Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS

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Tupras-Turkiye Petrol Rafineleri 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 ₺68,342 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ₺68,342 Mil mean?

Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) has a EBIT of ₺68,342 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tupras-Turkiye Petrol Rafineleri AS.

Is Tupras-Turkiye Petrol Rafineleri AS's EBIT too high?

Tupras-Turkiye Petrol Rafineleri AS's current EBIT is ₺68,342 Mil. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tupras-Turkiye Petrol Rafineleri AS's EBIT compare to VLO and MPC?

Tupras-Turkiye Petrol Rafineleri AS's EBIT of ₺68,342 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good EBIT depends on the Oil & Gas 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 Tupras-Turkiye Petrol Rafineleri AS. Tupras-Turkiye Petrol Rafineleri AS's current EBIT is ₺68,342 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tupras-Turkiye Petrol Rafineleri AS stock overvalued right now?

Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺144.22, compared to a current price of ₺216.80 — trading 50.3% above its estimated fair value. The current EBIT is ₺68,342 Mil. Tupras-Turkiye Petrol Rafineleri AS's overall GF Score™ is 80/100 with 4 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS), the current EBIT is ₺68,342 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Overvalued in 2026?

Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued. The current stock price of ₺216.80 is trading 50.3% above its estimated GF Value™ of ₺144.22. GuruFocus considers Tupras-Turkiye Petrol Rafineleri AS to be Significantly Overvalued.

Key valuation signals for IST:TUPRS:

EBIT: ₺68,342 Mil
GF Value™: ₺144.22 vs. price of ₺216.80 (50.3% above fair value)
GF Score™: 80/100 with 4 warning signs

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

Tupras-Turkiye Petrol Rafineleri AS Business Description

Industry Energy Oil & Gas

Comparable Companies IST:MEPET NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE TSE:5020 NSE:IOC TPE:6505 XKRX:096770 BOM:500547 XKRX:267250 DINO SUN TSE:5019 BUD:MOL SAU:2380 NSE:HINDPETRO XKRX:010950

Address Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790

Website http://www.tupras.com.tr

Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.

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

₺216.80

Price

₺144.22

GF Value

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