Ulker Biskuvinayi AS (IST:ULKER) EBIT: ₺11,786 Mil (TTM As of Mar. 2026)


IST:ULKER Ulker Biskuvi Sanayi AS IST:ULKER
87 GF Score
Price ₺102.40
GF Value ₺126.05
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Ulker Biskuvinayi AS EBIT?

Ulker Biskuvinayi AS IST:ULKER +0.20% 87 EBIT is ₺11,786 Mil as of Mar. 2026. GuruFocus rates IST:ULKER with a GF Score™ of 87/100 and a GF Value™ of ₺126.05 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Ulker Biskuvinayi AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₺4,970 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₺11,786 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ulker Biskuvinayi AS's annualized ROC % for the quarter that ended in Mar. 2026 was 11.45%. Ulker Biskuvinayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ulker Biskuvinayi AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.43%.


Ulker Biskuvinayi AS  (IST:ULKER) EBIT Explanation

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

Ulker Biskuvinayi 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 )
=18389.188 * ( 1 - 40.55% )/( (87937.672 + 103017.878)/ 2 )
=10932.372266/95477.775
=11.45 %

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))
=126866.763 - 15603.988 - ( 23325.103 - max(0, 35289.768 - 84906.085+23325.103))
=87937.672

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))
=134600.918 - 14415.342 - ( 17167.698 - max(0, 35265.258 - 90089.78+17167.698))
=103017.878

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

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

Ulker Biskuvinayi 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 )
=19878.944/( ( (31331.326 + max(42007.94, 0)) + (33521.791 + max(53361.477, 0)) )/ 2 )
=19878.944/( ( 73339.266 + 86883.268 )/ 2 )
=19878.944/80111.267
=24.81 %

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)
=(29319.91 + 23671.382 + 6768.813) - (15603.988 + 0 + 2148.177)
=42007.94

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34687.717 + 28469.837 + 8085.021) - (14415.342 + 0 + 3465.756)
=53361.477

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:

Ulker Biskuvinayi AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=11786.417/81689.737
=14.43 %

* 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.


Ulker Biskuvinayi AS EBIT Related Terms


Ulker Biskuvinayi AS EBIT Historical Data

* Premium members only.

The historical data trend for Ulker Biskuvinayi 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.

Ulker Biskuvinayi AS EBIT Chart

Ulker Biskuvinayi AS 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 731.61 5,632.87 12,629.66 20,588.48 12,336.54

Ulker Biskuvinayi 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 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 6,201.55 2,406.15 3,079.06 1,331.47 4,969.74

IST:ULKER vs MDLZ, HSY, TR: EBIT Comparison

For the Confectioners subindustry, Ulker Biskuvinayi 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.


Ulker Biskuvinayi AS EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ulker Biskuvinayi AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ulker Biskuvinayi AS's EV-to-EBIT falls into.


IST:ULKER
87GF Score
Ulker Biskuvi Sanayi AS IST:ULKER
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ulker Biskuvinayi 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 ₺11,786 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 ₺11,786 Mil mean?
Ulker Biskuvinayi AS (IST:ULKER) has a EBIT of ₺11,786 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ulker Biskuvinayi AS.
Is Ulker Biskuvinayi AS's EBIT too high?
Ulker Biskuvinayi AS's current EBIT is ₺11,786 Mil. Overall, Ulker Biskuvinayi AS has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ulker Biskuvinayi AS's EBIT compare to MDLZ and HSY?
Ulker Biskuvinayi AS's EBIT of ₺11,786 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Ulker Biskuvinayi AS. Ulker Biskuvinayi AS's current EBIT is ₺11,786 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulker Biskuvinayi AS stock overvalued right now?
Based on GuruFocus' analysis, Ulker Biskuvinayi AS (IST:ULKER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺126.05, compared to a current price of ₺102.40 — trading 18.8% below its estimated fair value. The current EBIT is ₺11,786 Mil. Ulker Biskuvinayi AS's overall GF Score™ is 87/100 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 Ulker Biskuvinayi AS (IST:ULKER), the current EBIT is ₺11,786 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 Ulker Biskuvinayi AS (IST:ULKER) Overvalued in 2026?

Based on GuruFocus' analysis, Ulker Biskuvinayi AS stock appears to be undervalued. The current stock price of ₺102.40 is trading 18.8% below its estimated GF Value™ of ₺126.05. GuruFocus considers Ulker Biskuvinayi AS to be Modestly Undervalued.

Key valuation signals for IST:ULKER:

  • EBIT: ₺11,786 Mil
  • GF Value™: ₺126.05 vs. price of ₺102.40 (18.8% below fair value)
  • GF Score™: 87/100 with 7 warning signs

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


Ulker Biskuvinayi AS Business Description

Other Exchanges UELKY:USA
Address Kysykly Mah. Ferah Cad. No:1, Buyuk Camlyca, Uskudar, Istanbul, TUR, 34692
Ulker Biskuvi Sanayi AS is engaged in manufacturing marketing, and sale of biscuits, chocolate-coated biscuits, wafers, cakes, and chocolate. The brands of the company include Ulker, Alpella, Albeni, Dido, Laviva, Cocostar, Godiva, Piko, Buklet, and others. Substantially all of the remaining revenue is from cake sales. The company earns majority of its revenue from domestic market.
87GF Score

Get the complete analysis for IST:ULKER

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

₺102.40
Price
₺126.05
GF Value