African Rainbow Minerals (JSE:ARI) EBIT: R3,583 Mil (TTM As of Dec. 2025)


JSE:ARI African Rainbow Minerals Ltd JSE:ARI
74 GF Score
Price R182.83
GF Value R243.35
Valuation Modestly Undervalued
! 6 Warning Signs
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What is African Rainbow Minerals EBIT?

African Rainbow Minerals JSE:ARI +2.09% 74 EBIT is R3,583 Mil as of Dec. 2025. GuruFocus rates JSE:ARI with a GF Score™ of 74/100 and a GF Value™ of R243.35 (Modestly Undervalued). The stock has 6 warning signs investors should review.

African Rainbow Minerals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R4,032 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R3,583 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. African Rainbow Minerals's annualized ROC % for the quarter that ended in Dec. 2025 was 4.27%. African Rainbow Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 41.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. African Rainbow Minerals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.74%.


African Rainbow Minerals  (JSE:ARI) EBIT Explanation

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

African Rainbow Minerals'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 )
=3724 * ( 1 - 21.83% )/( (64337 + 71941)/ 2 )
=2911.0508/68139
=4.27 %

where

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:

African Rainbow Minerals'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 )
=8064/( ( (17187 + max(-1515, 0)) + (18938 + max(2834, 0)) )/ 2 )
=8064/( ( 17187 + 21772 )/ 2 )
=8064/19479.5
=41.40 %

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)
=(308 + 892 + 1170) - (1771 + 0 + 2114)
=-1515

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5331 + 863 + 610) - (1652 + 0 + 2318)
=2834

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:

African Rainbow Minerals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=3583/30531.944
=11.74 %

* 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.


African Rainbow Minerals EBIT Related Terms


African Rainbow Minerals EBIT Historical Data

* Premium members only.

The historical data trend for African Rainbow Minerals'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.

African Rainbow Minerals EBIT Chart

African Rainbow Minerals Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19,134.00 17,390.00 11,397.00 2,392.00 1,427.00

African Rainbow Minerals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -33.00 2,425.00 1,876.00 -449.00 4,032.00

African Rainbow Minerals EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals'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.


African Rainbow Minerals EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, African Rainbow Minerals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where African Rainbow Minerals's EV-to-EBIT falls into.


JSE:ARI
74GF Score
African Rainbow Minerals Ltd JSE:ARI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

African Rainbow Minerals 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 R3,583 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 R3,583 Mil mean?
African Rainbow Minerals (JSE:ARI) has a EBIT of R3,583 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on African Rainbow Minerals.
Is African Rainbow Minerals' EBIT too high?
African Rainbow Minerals' current EBIT is R3,583 Mil. Overall, African Rainbow Minerals has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does African Rainbow Minerals' EBIT compare to competitors?
African Rainbow Minerals' EBIT of R3,583 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good EBIT depends on the Metals & Mining 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 African Rainbow Minerals. African Rainbow Minerals's current EBIT is R3,583 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Rainbow Minerals stock overvalued right now?
Based on GuruFocus' analysis, African Rainbow Minerals (JSE:ARI) is currently considered Modestly Undervalued. The stock's GF Value™ is R243.35, compared to a current price of R182.83 — trading 24.9% below its estimated fair value. The current EBIT is R3,583 Mil. African Rainbow Minerals' overall GF Score™ is 74/100 with 6 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 African Rainbow Minerals (JSE:ARI), the current EBIT is R3,583 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.

Is African Rainbow Minerals (JSE:ARI) Overvalued in 2026?

Based on GuruFocus' analysis, African Rainbow Minerals stock appears to be undervalued. The current stock price of R182.83 is trading 24.9% below its estimated GF Value™ of R243.35. GuruFocus considers African Rainbow Minerals to be Modestly Undervalued.

Key valuation signals for JSE:ARI:

  • EBIT: R3,583 Mil
  • GF Value™: R243.35 vs. price of R182.83 (24.9% below fair value)
  • GF Score™: 74/100 with 6 warning signs

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


African Rainbow Minerals Business Description

Other Exchanges AFBOF:USAEB9:Germany
Address 29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196
African Rainbow Minerals Ltd is a South African diversified mining and minerals company with operations in South Africa and Malaysia. The group operates through four main segments: ARM Platinum, which includes platinum group metals and nickel; ARM Ferrous, focused on iron ore, manganese ore, and chrome ore; ARM Coal, operating mainly in the Goedgevonden Mine; and ARM Corporate, which includes Machadodorp Works, gold investments, and other activities. The company produces manganese alloys and holds a strategic investment in gold. The company generates the majority of its revenue from South Africa and maintains a presence in Europe, the Americas, and the Far and Middle East.
74GF Score

Get the complete analysis for JSE:ARI

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

R182.83
Price
R243.35
GF Value