Northam Platinum Holdings (JSE:NPH) EBIT: R12,210 Mil (TTM As of Dec. 2025)


JSE:NPH Northam Platinum Holdings Ltd JSE:NPH
86 GF Score
Price R245.00
GF Value R199.31
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Northam Platinum Holdings EBIT?

Northam Platinum Holdings JSE:NPH +0.73% 86 EBIT is R12,210 Mil as of Dec. 2025. GuruFocus rates JSE:NPH with a GF Score™ of 86/100 and a GF Value™ of R199.31 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Northam Platinum Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R9,727 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R12,210 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Northam Platinum Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 19.10%. Northam Platinum Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 44.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Northam Platinum Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.28%.

Northam Platinum Holdings  (JSE:NPH) EBIT Explanation

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

Northam Platinum Holdings'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 )
=11696.544 * ( 1 - 13.51% )/( (49169.491 + 56742.465)/ 2 )
=10116.3409056/52955.978
=19.10 %

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))
=58076.881 - 2217.184 - ( 6690.206 - max(0, 7325.65 - 17651.333+6690.206))
=49169.491

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))
=67400.044 - 1633.126 - ( 9024.453 - max(0, 8799.898 - 21596.288+9024.453))
=56742.465

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:

Northam Platinum Holdings'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 )
=19454.258/( ( (38182.041 + max(2946.867, 0)) + (42757.619 + max(3856.308, 0)) )/ 2 )
=19454.258/( ( 41128.908 + 46613.927 )/ 2 )
=19454.258/43871.4175
=44.34 %

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)
=(362.759 + 8046.676 + 696.859) - (2217.184 + 0 + 3942.243)
=2946.867

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(583.086 + 9730.821 + 845.729) - (1633.126 + 0 + 5670.202)
=3856.308

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:

Northam Platinum Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=12210.307/99451.260
=12.28 %

* 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.

Northam Platinum Holdings EBIT Related Terms

Northam Platinum Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Northam Platinum Holdings'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.

Northam Platinum Holdings EBIT Chart

Northam Platinum Holdings Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial 14,330.59 15,035.43 8,860.68 4,853.00 3,636.43

Northam Platinum Holdings Semi-Annual Data
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 2,130.57 2,722.44 1,153.26 2,483.18 9,727.13

JSE:NPH vs HL: EBIT Comparison

For the Other Precious Metals & Mining subindustry, Northam Platinum Holdings'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.

Northam Platinum Holdings EV-to-EBIT vs Metals & Mining Industry

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

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


JSE:NPH
86GF Score
Northam Platinum Holdings Ltd JSE:NPH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Northam Platinum Holdings 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 R12,210 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 R12,210 Mil mean?
Northam Platinum Holdings (JSE:NPH) has a EBIT of R12,210 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Northam Platinum Holdings.
Is Northam Platinum Holdings' EBIT too high?
Northam Platinum Holdings' current EBIT is R12,210 Mil. Overall, Northam Platinum Holdings has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northam Platinum Holdings' EBIT compare to HL?
Northam Platinum Holdings' EBIT of R12,210 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 Northam Platinum Holdings. Northam Platinum Holdings's current EBIT is R12,210 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northam Platinum Holdings stock overvalued right now?
Based on GuruFocus' analysis, Northam Platinum Holdings (JSE:NPH) is currently considered Modestly Overvalued. The stock's GF Value™ is R199.31, compared to a current price of R245.00 — trading 22.9% above its estimated fair value. The current EBIT is R12,210 Mil. Northam Platinum Holdings' overall GF Score™ is 86/100 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 Northam Platinum Holdings (JSE:NPH), the current EBIT is R12,210 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 Northam Platinum Holdings (JSE:NPH) Overvalued in 2026?

Based on GuruFocus' analysis, Northam Platinum Holdings stock appears to be overvalued. The current stock price of R245.00 is trading 22.9% above its estimated GF Value™ of R199.31. GuruFocus considers Northam Platinum Holdings to be Modestly Overvalued.

Key valuation signals for JSE:NPH:

  • EBIT: R12,210 Mil
  • GF Value™: R199.31 vs. price of R245.00 (22.9% above fair value)
  • GF Score™: 86/100 with 5 warning signs

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

Northam Platinum Holdings Business Description

Other Exchanges NPTLF:USA7JR:Germany
Address Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Jukskei View, Midrand, Waterfall City, GT, ZAF, 2090
Northam Platinum Holdings Ltd is an integrated producer of platinum group metals. Its primary joint products are the platinum, palladium, rhodium and gold (4E). The primary consumers of these metals are the motor manufacturing industry, the jewelry industry, and other industrial sectors. Its segments include Northam Holdings, Zondereinde mine (being Northam Platinum), Booysendal mine, Eland mine and the U.S recycling operations. The maximum revenue for the company is generated from its Zondereinde mine segment.
86GF Score

Get the complete analysis for JSE:NPH

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

R245.00
Price
R199.31
GF Value