Oceana Group (JSE:OCE) EBIT: R1,286 Mil (TTM As of Mar. 2026)


JSE:OCE Oceana Group Ltd JSE:OCE
79 GF Score
Price R66.98
GF Value R65.07
Valuation Fairly Valued
! 10 Warning Signs
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What is Oceana Group EBIT?

Oceana Group JSE:OCE -0.16% 79 EBIT is R1,286 Mil as of Mar. 2026. GuruFocus rates JSE:OCE with a GF Score™ of 79/100 and a GF Value™ of R65.07 (Fairly Valued). The stock has 10 warning signs investors should review.

Oceana Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was R680 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R1,286 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oceana Group's annualized ROC % for the quarter that ended in Mar. 2026 was 9.29%. Oceana Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oceana Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.84%.

Oceana Group  (JSE:OCE) EBIT Explanation

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

Oceana 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 )
=1380 * ( 1 - 25.44% )/( (11785 + 10361)/ 2 )
=1028.928/11073
=9.29 %

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))
=13556 - 1168 - ( 603 - max(0, 2884 - 4975+603))
=11785

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))
=12018 - 1198 - ( 459 - max(0, 1868 - 3625+459))
=10361

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:

Oceana 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 )
=1360/( ( (2435 + max(2515, 0)) + (2390 + max(1940, 0)) )/ 2 )
=1360/( ( 4950 + 4330 )/ 2 )
=1360/4640
=29.31 %

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)
=(1108 + 2819 + 340) - (1168 + 0 + 584)
=2515

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1300 + 1677 + 189) - (1198 + 0 + 28)
=1940

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1286/10015.432
=12.84 %

* 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.

Oceana Group EBIT Related Terms

Oceana Group EBIT Historical Data

* Premium members only.

The historical data trend for Oceana 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.

Oceana Group EBIT Chart

Oceana 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 1,135.63 1,266.00 1,529.00 1,683.00 1,307.00

Oceana 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 1,040.00 643.00 701.00 606.00 680.00

JSE:OCE vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, Oceana 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.

Oceana Group EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oceana Group's EV-to-EBIT distribution charts can be found below:

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


JSE:OCE
79GF Score
Oceana Group Ltd JSE:OCE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Oceana 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 R1,286 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 R1,286 Mil mean?
Oceana Group (JSE:OCE) has a EBIT of R1,286 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Oceana Group.
Is Oceana Group's EBIT too high?
Oceana Group's current EBIT is R1,286 Mil. Overall, Oceana Group has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oceana Group's EBIT compare to KHC and GIS?
Oceana Group's EBIT of R1,286 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Oceana Group. Oceana Group's current EBIT is R1,286 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceana Group stock overvalued right now?
Based on GuruFocus' analysis, Oceana Group (JSE:OCE) is currently considered Fairly Valued. The stock's GF Value™ is R65.07, compared to a current price of R66.98 — trading 2.9% above its estimated fair value. The current EBIT is R1,286 Mil. Oceana Group's overall GF Score™ is 79/100 with 10 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 Oceana Group (JSE:OCE), the current EBIT is R1,286 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 Oceana Group (JSE:OCE) Overvalued in 2026?

Based on GuruFocus' analysis, Oceana Group stock appears to be overvalued. The current stock price of R66.98 is trading 2.9% above its estimated GF Value™ of R65.07. GuruFocus considers Oceana Group to be Fairly Valued.

Key valuation signals for JSE:OCE:

  • EBIT: R1,286 Mil
  • GF Value™: R65.07 vs. price of R66.98 (2.9% above fair value)
  • GF Score™: 79/100 with 10 warning signs

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

Oceana Group Business Description

Other Exchanges OCG:Namibia
Address 25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001
Oceana Group Ltd is a diversified, international fish and food company engaged in the responsible catching, procuring, processing, marketing and distribution of fish and food products. Its products and services include canned fish (notably pilchards), other canned foods such as tuna, sardines and canned meats, fishmeal and fish oil for the aquaculture, animal feed and pet food industries, as well as wild-caught seafood including horse mackerel, hake, squid and lobster. The Group operates through three main segments: Lucky Star Foods, Fishmeal and Fish Oil, and Wild Caught Seafood, with the majority of its revenue generated from the Lucky Star Foods segment. Geographically, the Group operates in South Africa, Namibia, other parts of Africa, Europe, the Americas and the Far East.
79GF Score

Get the complete analysis for JSE:OCE

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

R66.98
Price
R65.07
GF Value