KAL Group (JSE:KAL) EBIT: R982 Mil (TTM As of Mar. 2026)

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JSE:KAL KAL Group Ltd JSE:KAL
92 GF Score
Price R50.00
GF Value R43.66
Valuation Modestly Overvalued
! 5 Warning Signs
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What is KAL Group EBIT?

KAL Group JSE:KAL 92 EBIT is R982 Mil as of Mar. 2026. GuruFocus rates JSE:KAL with a GF Score™ of 92/100 and a GF Value™ of R43.66 (Modestly Overvalued). The stock has 5 warning signs investors should review.

KAL Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was R671 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R982 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KAL Group's annualized ROC % for the quarter that ended in Mar. 2026 was 15.67%. KAL Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KAL Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.84%.


KAL Group  (JSE:KAL) EBIT Explanation

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

KAL Group'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 )
=1295.374 * ( 1 - 26.36% )/( (5814.844 + 6356.909)/ 2 )
=953.9134136/6085.8765
=15.67 %

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))
=8229.855 - 2115.451 - ( 299.56 - max(0, 3732.463 - 4329.582+299.56))
=5814.844

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))
=8326.848 - 1704.539 - ( 265.4 - max(0, 3485.236 - 4284.052+265.4))
=6356.909

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:

KAL Group'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 )
=1341.726/( ( (1973.674 + max(1700.726, 0)) + (2063.564 + max(2189.56, 0)) )/ 2 )
=1341.726/( ( 3674.4 + 4253.124 )/ 2 )
=1341.726/3963.762
=33.85 %

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)
=(2500.239 + 1364.213 + 165.57) - (2115.451 + 0 + 213.845)
=1700.726

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2591.965 + 1426.085 + 0.60199999999986) - (1704.539 + 0 + 124.553)
=2189.56

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=981.745/5829.475
=16.84 %

* 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.


KAL Group EBIT Related Terms


KAL Group EBIT Historical Data

* Premium members only.

The historical data trend for KAL Group'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.

KAL Group EBIT Chart

KAL Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 559.25 702.68 971.48 901.00 884.00

KAL Group 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 592.50 308.50 573.12 310.88 670.86

JSE:KAL vs CASY, WSM, ULTA: EBIT Comparison

For the Specialty Retail subindustry, KAL Group'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.


KAL Group EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, KAL Group's EV-to-EBIT distribution charts can be found below:

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


JSE:KAL
92GF Score
KAL Group Ltd JSE:KAL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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KAL Group 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 R982 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 R982 Mil mean?
KAL Group (JSE:KAL) has a EBIT of R982 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on KAL Group.
Is KAL Group's EBIT too high?
KAL Group's current EBIT is R982 Mil. Overall, KAL Group has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KAL Group's EBIT compare to CASY and WSM?
KAL Group's EBIT of R982 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 KAL Group. KAL Group's current EBIT is R982 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KAL Group stock overvalued right now?
Based on GuruFocus' analysis, KAL Group (JSE:KAL) is currently considered Modestly Overvalued. The stock's GF Value™ is R43.66, compared to a current price of R50.00 — trading 14.5% above its estimated fair value. The current EBIT is R982 Mil. KAL Group's overall GF Score™ is 92/100 with 5 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 KAL Group (JSE:KAL), the current EBIT is R982 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 KAL Group (JSE:KAL) Overvalued in 2026?

Based on GuruFocus' analysis, KAL Group stock appears to be overvalued. The current stock price of R50.00 is trading 14.5% above its estimated GF Value™ of R43.66. GuruFocus considers KAL Group to be Modestly Overvalued.

Key valuation signals for JSE:KAL:

  • EBIT: R982 Mil
  • GF Value™: R43.66 vs. price of R50.00 (14.5% above fair value)
  • GF Score™: 92/100 with 5 warning signs

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


KAL Group Business Description

Address 1 Westhoven Street, Suite 110, , Private Bag X3041, Cape Winelands, Paarl, WC, ZAF, 7646
KAL Group Ltd is a lifestyle retailer offering agricultural inputs, fuel (farm and retail), and general and convenience retail products to consumers across Southern Africa. Its segments include Agrimark, PEG, Agrimark Grain and Manufacturing. The majority of the company's revenue is derived from the PEG segment, which operates retail fuel outlets, including convenience stores and quick-service restaurant locations, serving a broad customer base. Geographically, it generates the maximum revenue from South Africa and the rest from Namibia.
92GF Score

Get the complete analysis for JSE:KAL

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

R50.00
Price
R43.66
GF Value