Tsogo Sun (JSE:TSG) EBIT: R2,495 Mil (TTM As of Mar. 2026)


JSE:TSG Tsogo Sun Ltd JSE:TSG
78 GF Score
Price R7.67
GF Value R10.61
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Tsogo Sun EBIT?

Tsogo Sun JSE:TSG +0.92% 78 EBIT is R2,495 Mil as of Mar. 2026. GuruFocus rates JSE:TSG with a GF Score™ of 78/100 and a GF Value™ of R10.61 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Tsogo Sun's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was R1,210 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R2,495 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tsogo Sun's annualized ROC % for the quarter that ended in Mar. 2026 was 11.29%. Tsogo Sun's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tsogo Sun's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.94%.

Tsogo Sun  (JSE:TSG) EBIT Explanation

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

Tsogo Sun'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 )
=2526 * ( 1 - 32% )/( (14805 + 15621)/ 2 )
=1717.68/15213
=11.29 %

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))
=15292 - 1000 - ( 541 - max(0, 1877 - 1364+541))
=14805

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))
=14695 - 994 - ( 470 - max(0, 3085 - 1165+470))
=15621

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:

Tsogo Sun'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 )
=2420/( ( (8224 + max(-208, 0)) + (8103 + max(-312, 0)) )/ 2 )
=2420/( ( 8224 + 8103 )/ 2 )
=2420/8163.5
=29.64 %

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)
=(441 + 75 + 307) - (1000 + 0 + 31)
=-208

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(449 + 74 + 172) - (994 + 0 + 13)
=-312

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2495/13911.106
=17.94 %

* 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.

Tsogo Sun EBIT Related Terms

Tsogo Sun EBIT Historical Data

* Premium members only.

The historical data trend for Tsogo Sun'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.

Tsogo Sun EBIT Chart

Tsogo Sun Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,704.00 3,139.00 2,987.00 2,490.00 2,495.00

Tsogo Sun 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 1,347.00 1,409.00 1,081.00 1,285.00 1,210.00

JSE:TSG vs LVS, MGM, WYNN: EBIT Comparison

For the Resorts & Casinos subindustry, Tsogo Sun'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.

Tsogo Sun EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tsogo Sun's EV-to-EBIT distribution charts can be found below:

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


JSE:TSG
78GF Score
Tsogo Sun Ltd JSE:TSG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tsogo Sun 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 R2,495 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 R2,495 Mil mean?
Tsogo Sun (JSE:TSG) has a EBIT of R2,495 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tsogo Sun.
Is Tsogo Sun's EBIT too high?
Tsogo Sun's current EBIT is R2,495 Mil. Overall, Tsogo Sun has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsogo Sun's EBIT compare to LVS and MGM?
Tsogo Sun's EBIT of R2,495 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Tsogo Sun. Tsogo Sun's current EBIT is R2,495 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsogo Sun stock overvalued right now?
Based on GuruFocus' analysis, Tsogo Sun (JSE:TSG) is currently considered Modestly Undervalued. The stock's GF Value™ is R10.61, compared to a current price of R7.67 — trading 27.7% below its estimated fair value. The current EBIT is R2,495 Mil. Tsogo Sun's overall GF Score™ is 78/100 with 4 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 Tsogo Sun (JSE:TSG), the current EBIT is R2,495 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 Tsogo Sun (JSE:TSG) Overvalued in 2026?

Based on GuruFocus' analysis, Tsogo Sun stock appears to be undervalued. The current stock price of R7.67 is trading 27.7% below its estimated GF Value™ of R10.61. GuruFocus considers Tsogo Sun to be Modestly Undervalued.

Key valuation signals for JSE:TSG:

  • EBIT: R2,495 Mil
  • GF Value™: R10.61 vs. price of R7.67 (27.7% below fair value)
  • GF Score™: 78/100 with 4 warning signs

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

Tsogo Sun Business Description

Other Exchanges G5E:Germany
Address Montecasino Boulevard, Palazzo Towers East, Fourways, Johannesburg, GT, ZAF, 2055
Tsogo Sun Ltd is engaged principally in the gaming, entertainment, and hospitality industry operating in South Africa. It owns and operates casino and entertainment destinations in South Africa, hotels, Galaxy Bingo sites, VSlots limited payout machines, playTSOGO, Bet.co.za, a Theme Park, theatres, cinemas, restaurants, bars, and conference facilities. The company's operating segments are; Casinos, LPMs, Other gaming and betting, and Corporate. Maximum revenue for the company is derived from its Casinos segment.
78GF Score

Get the complete analysis for JSE:TSG

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

R7.67
Price
R10.61
GF Value