Vunani (JSE:VUN) EBIT: R67.4 Mil (TTM As of Feb. 2026)


JSE:VUN Vunani Ltd JSE:VUN
78 GF Score
Price R2.45
GF Value R2.67
Valuation Fairly Valued
! 8 Warning Signs
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What is Vunani EBIT?

Vunani JSE:VUN +2.08% 78 EBIT is R67.4 Mil as of Feb. 2026. GuruFocus rates JSE:VUN with a GF Score™ of 78/100 and a GF Value™ of R2.67 (Fairly Valued). The stock has 8 warning signs investors should review.

Vunani's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was R27.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was R67.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vunani's annualized ROC % for the quarter that ended in Feb. 2026 was 21.60%. Vunani's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 153.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vunani's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 20.78%.


Vunani  (JSE:VUN) EBIT Explanation

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

Vunani'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 )
=426.65 * ( 1 - 31.96% )/( (1220.226 + 1468.12)/ 2 )
=290.29266/1344.173
=21.60 %

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))
=2658.709 - 1371.967 - ( 211.098 - max(0, 1496.382 - 1562.898+211.098))
=1220.226

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))
=1989.224 - 456.842 - ( 254.982 - max(0, 707.928 - 772.19+254.982))
=1468.12

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:

Vunani'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 )
=53.98/( ( (35.168 + max(-115.469, 0)) + (35.107 + max(-207.443, 0)) )/ 2 )
=53.98/( ( 35.168 + 35.107 )/ 2 )
=53.98/35.1375
=153.63 %

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)
=(1321.403 + 0 + 27.131) - (1371.967 + 0 + 92.036)
=-115.469

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(437.507 + 0 + 30.799) - (456.842 + 0 + 218.907)
=-207.443

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=67.438/324.512
=20.78 %

* 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.


Vunani EBIT Related Terms


Vunani EBIT Historical Data

* Premium members only.

The historical data trend for Vunani'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.

Vunani EBIT Chart

Vunani Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.18 105.31 75.16 32.48 67.44

Vunani 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 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 21.17 35.79 -3.31 40.45 26.99

JSE:VUN vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Vunani'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.


Vunani EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Vunani's EV-to-EBIT distribution charts can be found below:

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


JSE:VUN
78GF Score
Vunani Ltd JSE:VUN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Vunani 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 R67.4 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 R67.4 Mil mean?
Vunani (JSE:VUN) has a EBIT of R67.4 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vunani.
Is Vunani's EBIT too high?
Vunani's current EBIT is R67.4 Mil. Overall, Vunani has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vunani's EBIT compare to MS and GS?
Vunani's EBIT of R67.4 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Vunani. Vunani's current EBIT is R67.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vunani stock overvalued right now?
Based on GuruFocus' analysis, Vunani (JSE:VUN) is currently considered Fairly Valued. The stock's GF Value™ is R2.67, compared to a current price of R2.45 — trading 8.2% below its estimated fair value. The current EBIT is R67.4 Mil. Vunani's overall GF Score™ is 78/100 with 8 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 Vunani (JSE:VUN), the current EBIT is R67.4 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 Vunani (JSE:VUN) Overvalued in 2026?

Based on GuruFocus' analysis, Vunani stock appears to be undervalued. The current stock price of R2.45 is trading 8.2% below its estimated GF Value™ of R2.67. GuruFocus considers Vunani to be Fairly Valued.

Key valuation signals for JSE:VUN:

  • EBIT: R67.4 Mil
  • GF Value™: R2.67 vs. price of R2.45 (8.2% below fair value)
  • GF Score™: 78/100 with 8 warning signs

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


Vunani Business Description

Address 151 Katherine Street, Vunani House, Vunani Office Park, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Vunani Ltd is a financial services company. The company has five reportable segments: fund management, asset administration, advisory services, institutional securities broking, and insurance. The fund management comprises institutional and retail product offerings, which include equities, bonds, inflation-linked bonds, and property. The advisory segment provides corporate advisory and investment services. The institutional securities broking provides equity, derivative, and capital market trading services for institutional clients. The insurance segment provides short-term insurance, medical aid, individual life, and employee benefits in Eswatini. The asset administration provides beneficiary fund services for minor dependents of deceased retirement fund members.
78GF Score

Get the complete analysis for JSE:VUN

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

R2.45
Price
R2.67
GF Value