PSG Financial Services (JSE:KST) EBIT: R2,655 Mil (TTM As of Feb. 2026)

What is PSG Financial Services EBIT?

PSG Financial Services JSE:KST +0.80% 84 EBIT is R2,655 Mil as of Feb. 2026. GuruFocus rates JSE:KST with a GF Score™ of 84/100 and a GF Value™ of R21.38 (Significantly Overvalued). The stock has 5 warning signs investors should review.

PSG Financial Services's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was R1,490 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was R2,655 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PSG Financial Services's annualized ROC % for the quarter that ended in Feb. 2026 was 0.69%. PSG Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 850.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PSG Financial Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 9.91%.

PSG Financial Services (JSE:KST) EBIT Explanation

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

PSG Financial Services'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 )
=	1982.87 * ( 1 - 28.3% )	/	( (124534.734	+	288985.786)	/ 2 )
=	1421.71779	/	206760.26
=	0.69 %

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	))
=	129179.264	-	3163.069	-	( 2039.368	-	max(0, 3610.281	-	5091.742	+	2039.368	))
=	124534.734

	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	))
=	158396.626	-	4539.682	-	( 12172.726	-	max(0, 151470.487	-	16341.645	+	12172.726	))
=	288985.786

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:

PSG Financial Services'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 )
=	2979.264	/	( ( (306.91 + max(-1078.455, 0))	+	(393.686 + max(-147383.558, 0)) )	/	2 )
=	2979.264	/	( ( 306.91	+	393.686 )	/	2 )
=	2979.264	/	350.298
=	850.49 %

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)
=	(2444.248	+	0	+	87.578)	-	(3163.069	+	0	+	447.212)
=	-1078.455

	Working Capital		(Q: Feb. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3480.794	+	0	+	537.698)	-	(4539.682	+	0	+	146862.368)
=	-147383.558

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:

PSG Financial Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2026 )
	=	2655.071	/	26782.118
	=	9.91 %

* 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.

PSG Financial Services EBIT Related Terms

PSG Financial Services EBIT Historical Data

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The historical data trend for PSG Financial Services's EBIT can be seen below:

PSG Financial Services EBIT Chart

PSG Financial Services Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

EBIT

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1,434.00

1,472.22

1,624.25

1,953.47

2,655.07

PSG Financial Services 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															870.25	911.69	1,041.78	1,165.44	1,489.63

JSE:KST vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, PSG Financial Services'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.

PSG Financial Services EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PSG Financial Services's EV-to-EBIT distribution charts can be found below:

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

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84GF Score

PSG Financial Services Ltd JSE:KST

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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PSG Financial Services 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 R2,655 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of R2,655 Mil mean?

PSG Financial Services (JSE:KST) has a EBIT of R2,655 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PSG Financial Services.

Is PSG Financial Services' EBIT too high?

PSG Financial Services' current EBIT is R2,655 Mil. Overall, PSG Financial Services has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does PSG Financial Services' EBIT compare to BLK and BX?

PSG Financial Services' EBIT of R2,655 Mil can be compared against companies in the Asset Management 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 an Asset Management company?

A good EBIT depends on the Asset Management 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 PSG Financial Services. PSG Financial Services's current EBIT is R2,655 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is PSG Financial Services stock overvalued right now?

Based on GuruFocus' analysis, PSG Financial Services (JSE:KST) is currently considered Significantly Overvalued. The stock's GF Value™ is R21.38, compared to a current price of R30.41 — trading 42.2% above its estimated fair value. The current EBIT is R2,655 Mil. PSG Financial Services' overall GF Score™ is 84/100 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 PSG Financial Services (JSE:KST), the current EBIT is R2,655 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 PSG Financial Services (JSE:KST) Overvalued in 2026?

Based on GuruFocus' analysis, PSG Financial Services stock appears to be overvalued. The current stock price of R30.41 is trading 42.2% above its estimated GF Value™ of R21.38. GuruFocus considers PSG Financial Services to be Significantly Overvalued.

Key valuation signals for JSE:KST:

EBIT: R2,655 Mil
GF Value™: R21.38 vs. price of R30.41 (42.2% above fair value)
GF Score™: 84/100 with 5 warning signs

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

PSG Financial Services Business Description

Industry Financial Services Asset Management

Comparable Companies JSE:NY1 JSE:CML JSE:SBP JSE:AXX JSE:ZED JSE:EPE JSE:MHB JSE:GRSP JSE:HUG JSE:BAC BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Other Exchanges KFS:Namibia EU4:Germany

Address 3 Howick Close, 4th Floor, The Edge, Tyger Waterfront, Tyger Valley, Bellville, WC, ZAF, 7530

Website https://www.psg.co.za

PSG Financial Services Ltd is an independent financial services company. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. PSG is structured into three segments which are PSG Wealth, generating income from managed and platform assets; PSG Asset Management, deriving income from assets under management; PSG Insure, earning income from premiums and underwriting.

84GF Score

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

R30.41

Price

R21.38

GF Value

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