Grindrod (JSE:GND) EBIT: R2,896 Mil (TTM As of Dec. 2025)


JSE:GND Grindrod Ltd JSE:GND
60 GF Score
Price R26.64
GF Value R15.27
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Grindrod EBIT?

Grindrod JSE:GND +0.87% 60 EBIT is R2,896 Mil as of Dec. 2025. GuruFocus rates JSE:GND with a GF Score™ of 60/100 and a GF Value™ of R15.27 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Grindrod's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R1,090 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R2,896 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grindrod's annualized ROC % for the quarter that ended in Dec. 2025 was 7.74%. Grindrod's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 46.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grindrod's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.91%.


Grindrod  (JSE:GND) EBIT Explanation

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

Grindrod'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 )
=1258.434 * ( 1 - 30.98% )/( (10963.285 + 11472.58)/ 2 )
=868.5711468/11217.9325
=7.74 %

where

Invested Capital(Q: Jun. 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))
=16126.3 - 1979.529 - ( 3183.486 - max(0, 2826.031 - 6050.646+3183.486))
=10963.285

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))
=16129.851 - 1663.024 - ( 3922.471 - max(0, 3137.681 - 6131.928+3922.471))
=11472.58

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:

Grindrod'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 )
=2179.388/( ( (4292.21 + max(605.902, 0)) + (4523.838 + max(-672.181, 0)) )/ 2 )
=2179.388/( ( 4898.112 + 4523.838 )/ 2 )
=2179.388/4710.975
=46.26 %

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)
=(2249.63 + 234.107 + 204.687) - (1979.529 + 0 + 102.993)
=605.902

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(987.976 + 229.874 + 507.111) - (1663.024 + 0 + 734.118)
=-672.181

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2895.601/17123.017
=16.91 %

* 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.


Grindrod EBIT Related Terms


Grindrod EBIT Historical Data

* Premium members only.

The historical data trend for Grindrod'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.

Grindrod EBIT Chart

Grindrod 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 451.94 1,395.91 1,581.33 958.06 2,895.60

Grindrod 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 832.73 762.09 195.97 1,805.91 1,089.69

JSE:GND vs UPS, FDX, JBHT: EBIT Comparison

For the Integrated Freight & Logistics subindustry, Grindrod'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.


Grindrod EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Grindrod's EV-to-EBIT distribution charts can be found below:

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


JSE:GND
60GF Score
Grindrod Ltd JSE:GND
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grindrod 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 R2,896 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 R2,896 Mil mean?
Grindrod (JSE:GND) has a EBIT of R2,896 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grindrod.
Is Grindrod's EBIT too high?
Grindrod's current EBIT is R2,896 Mil. Overall, Grindrod has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grindrod's EBIT compare to UPS and FDX?
Grindrod's EBIT of R2,896 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Grindrod. Grindrod's current EBIT is R2,896 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grindrod stock overvalued right now?
Based on GuruFocus' analysis, Grindrod (JSE:GND) is currently considered Significantly Overvalued. The stock's GF Value™ is R15.27, compared to a current price of R26.64 — trading 74.5% above its estimated fair value. The current EBIT is R2,896 Mil. Grindrod's overall GF Score™ is 60/100 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 Grindrod (JSE:GND), the current EBIT is R2,896 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 Grindrod (JSE:GND) Overvalued in 2026?

Based on GuruFocus' analysis, Grindrod stock appears to be overvalued. The current stock price of R26.64 is trading 74.5% above its estimated GF Value™ of R15.27. GuruFocus considers Grindrod to be Significantly Overvalued.

Key valuation signals for JSE:GND:

  • EBIT: R2,896 Mil
  • GF Value™: R15.27 vs. price of R26.64 (74.5% above fair value)
  • GF Score™: 60/100 with 6 warning signs

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


Grindrod Business Description

Other Exchanges GNDP.PFD:South Africa
Address 106 Margaret Mncadi Avenue, Grindrod Mews, Durban, NL, ZAF, 4001
Grindrod Ltd is a provider of logistic solutions. The company provides solutions through its warehousing, distribution, container depots and transport capabilities. It also offers all-encompassing integrated solutions through a single point of contact, including multi-modal road and rail bulk solutions connecting customers via various trade corridors. It also offers freight forwarding, customs brokerage, contract logistics, project logistics and digital solutions and provides ships agency, logistics and marine technical and engineering services to the maritime, offshore and oil and gas sectors. Its segments include Port and Terminals, and The Logistics segment operates a ships agency, clearing and forwarding and rail services as well as containers handling landside operations.
60GF Score

Get the complete analysis for JSE:GND

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

R26.64
Price
R15.27
GF Value