Argent Industrial (JSE:ART) EBIT: R423 Mil (TTM As of Mar. 2026)

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JSE:ART Argent Industrial Ltd JSE:ART
72 GF Score
Price R37.94
GF Value R29.96
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Argent Industrial EBIT?

Argent Industrial JSE:ART 72 EBIT is R423 Mil as of Mar. 2026. GuruFocus rates JSE:ART with a GF Score™ of 72/100 and a GF Value™ of R29.96 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Argent Industrial's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was R219 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R423 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Argent Industrial's annualized ROC % for the quarter that ended in Mar. 2026 was 16.80%. Argent Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Argent Industrial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.39%.


Argent Industrial  (JSE:ART) EBIT Explanation

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

Argent Industrial'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=419.98 * ( 1 - 26.48% )/( (1685.79 + 1989.003)/ 2 )
=308.769296/1837.3965
=16.80 %

where

Invested Capital(Q: Sep. 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))
=2901.662 - 669.145 - ( 546.727 - max(0, 719.642 - 1813.745+546.727))
=1685.79

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))
=2903.017 - 284.771 - ( 629.243 - max(0, 666.828 - 1835.729+629.243))
=1989.003

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

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

Argent Industrial'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=437.98/( ( (684.727 + max(597.873, 0)) + (679.24 + max(509.254, 0)) )/ 2 )
=437.98/( ( 1282.6 + 1188.494 )/ 2 )
=437.98/1235.547
=35.45 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(475.104 + 791.914 + 0) - (669.145 + 0 + 1.1368683772162E-13)
=597.873

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(362.143 + 716.3 + 59.28) - (284.771 + 0 + 343.698)
=509.254

When net working capital is negative, 0 is used.

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

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

Argent Industrial's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=422.741/1543.383
=27.39 %

* 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.


Argent Industrial EBIT Related Terms


Argent Industrial EBIT Historical Data

* Premium members only.

The historical data trend for Argent Industrial'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.

Argent Industrial EBIT Chart

Argent Industrial Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 267.61 307.23 355.59 381.08 422.74

Argent Industrial Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 177.06 181.52 199.56 203.75 218.99

JSE:ART vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, Argent Industrial'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.


Argent Industrial EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, Argent Industrial's EV-to-EBIT distribution charts can be found below:

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


JSE:ART
72GF Score
Argent Industrial Ltd JSE:ART
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Argent Industrial 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 semi-annually data reported by the company within the most recent 12 months, which was R423 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 R423 Mil mean?
Argent Industrial (JSE:ART) has a EBIT of R423 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Argent Industrial.
Is Argent Industrial's EBIT too high?
Argent Industrial's current EBIT is R423 Mil. Overall, Argent Industrial has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's EBIT compare to NUE and STLD?
Argent Industrial's EBIT of R423 Mil can be compared against companies in the Steel 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 Steel company?
A good EBIT depends on the Steel 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 Argent Industrial. Argent Industrial's current EBIT is R423 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Modestly Overvalued. The stock's GF Value™ is R29.96, compared to a current price of R37.94 — trading 26.6% above its estimated fair value. The current EBIT is R423 Mil. Argent Industrial's overall GF Score™ is 72/100 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 Argent Industrial (JSE:ART), the current EBIT is R423 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 Argent Industrial (JSE:ART) Overvalued in 2026?

Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued. The current stock price of R37.94 is trading 26.6% above its estimated GF Value™ of R29.96. GuruFocus considers Argent Industrial to be Modestly Overvalued.

Key valuation signals for JSE:ART:

  • EBIT: R423 Mil
  • GF Value™: R29.96 vs. price of R37.94 (26.6% above fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Argent Industrial Business Description

Other Exchanges AILTF:USA
Address 8 Sinembe Crescent, Sinembe Park, First Floor, Ridge 63, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
72GF Score

Get the complete analysis for JSE:ART

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

R37.94
Price
R29.96
GF Value