Adcorp Holdings (JSE:ADR) EBIT: R194 Mil (TTM As of Feb. 2026)


JSE:ADR Adcorp Holdings Ltd JSE:ADR
62 GF Score
Price R6.03
GF Value R4.60
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Adcorp Holdings EBIT?

Adcorp Holdings JSE:ADR -1.63% 62 EBIT is R194 Mil as of Feb. 2026. GuruFocus rates JSE:ADR with a GF Score™ of 62/100 and a GF Value™ of R4.60 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Adcorp Holdings's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was R111 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was R194 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adcorp Holdings's annualized ROC % for the quarter that ended in Feb. 2026 was 10.07%. Adcorp Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 33.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adcorp Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 34.74%.


Adcorp Holdings  (JSE:ADR) EBIT Explanation

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

Adcorp Holdings's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=216.408 * ( 1 - 0% )/( (1925.238 + 2374.144)/ 2 )
=216.408/2149.691
=10.07 %

where

Invested Capital(Q: Aug. 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))
=3173.425 - 995.135 - ( 253.052 - max(0, 1298.211 - 2049.224+253.052))
=1925.238

Invested Capital(Q: Feb. 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))
=3026.537 - 246.903 - ( 405.49 - max(0, 1209.48 - 2025.135+405.49))
=2374.144

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

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

Adcorp Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=222.998/( ( (242.333 + max(436.117, 0)) + (204.766 + max(453.711, 0)) )/ 2 )
=222.998/( ( 678.45 + 658.477 )/ 2 )
=222.998/668.4635
=33.36 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1637.671 + 0 + 25.312) - (995.135 + 0 + 231.731)
=436.117

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1512.834 + 0 + 74.842) - (246.903 + 0 + 887.062)
=453.711

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Adcorp Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=193.725/557.711
=34.74 %

* 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.


Adcorp Holdings EBIT Related Terms


Adcorp Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Adcorp Holdings'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.

Adcorp Holdings EBIT Chart

Adcorp Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 206.22 169.49 139.87 182.94 193.73

Adcorp Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 74.51 47.95 135.00 82.23 111.50

JSE:ADR vs KFY, RHI, TNET: EBIT Comparison

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.


Adcorp Holdings EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's EV-to-EBIT distribution charts can be found below:

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


JSE:ADR
62GF Score
Adcorp Holdings Ltd JSE:ADR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Adcorp Holdings 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R194 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 R194 Mil mean?
Adcorp Holdings (JSE:ADR) has a EBIT of R194 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Adcorp Holdings.
Is Adcorp Holdings' EBIT too high?
Adcorp Holdings' current EBIT is R194 Mil. Overall, Adcorp Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' EBIT compare to KFY and RHI?
Adcorp Holdings' EBIT of R194 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 Adcorp Holdings. Adcorp Holdings's current EBIT is R194 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.03 — trading 31.1% above its estimated fair value. The current EBIT is R194 Mil. Adcorp Holdings' overall GF Score™ is 62/100 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 Adcorp Holdings (JSE:ADR), the current EBIT is R194 Mil as of Feb. 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?

Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued. The current stock price of R6.03 is trading 31.1% above its estimated GF Value™ of R4.60. GuruFocus considers Adcorp Holdings to be Significantly Overvalued.

Key valuation signals for JSE:ADR:

  • EBIT: R194 Mil
  • GF Value™: R4.60 vs. price of R6.03 (31.1% above fair value)
  • GF Score™: 62/100 with 3 warning signs

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


Adcorp Holdings Business Description

Address 102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
62GF Score

Get the complete analysis for JSE:ADR

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

R6.03
Price
R4.60
GF Value