LAES (SEALSQ) EBIT: $-33.99 Mil (TTM As of Dec. 2025)


LAES SEALSQ Corp LAES
40 GF Score
Price $3.23
GF Value $0.33
Valuation Significantly Overvalued
! 6 Warning Signs
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What is SEALSQ EBIT?

SEALSQ LAES -2.85% 40 EBIT is $-33.99 Mil as of Dec. 2025. GuruFocus rates LAES with a GF Score™ of 40/100 and a GF Value™ of $0.33 (Significantly Overvalued). The stock has 6 warning signs investors should review.

SEALSQ's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $-14.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $-33.99 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SEALSQ's annualized ROC % for the quarter that ended in Dec. 2025 was -101.62%. SEALSQ's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -390.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SEALSQ's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -11.11%.

SEALSQ  (NAS:LAES) EBIT Explanation

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

SEALSQ'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 )
=-37.134 * ( 1 - 1.15% )/( (13.125 + 59.118)/ 2 )
=-36.706959/36.1215
=-101.62 %

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))
=142.02 - 14.032 - ( 120.939 - max(0, 17.996 - 132.859+120.939))
=13.125

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))
=504.179 - 23.671 - ( 427.689 - max(0, 28.248 - 449.638+427.689))
=59.118

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:

SEALSQ'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 )
=-28.17/( ( (4.406 + max(-8.227, 0)) + (10.009 + max(-6.63, 0)) )/ 2 )
=-28.17/( ( 4.406 + 10.009 )/ 2 )
=-28.17/7.2075
=-390.84 %

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)
=(2.433 + 2.204 + 2.85) - (14.032 + 0.043 + 1.639)
=-8.227

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.383 + 2.012 + 5.809) - (23.671 + 1.625 + 1.538)
=-6.63

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-33.985/305.835
=-11.11 %

* 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.

SEALSQ EBIT Related Terms

SEALSQ EBIT Historical Data

* Premium members only.

The historical data trend for SEALSQ'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.

SEALSQ EBIT Chart

SEALSQ Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -4.65 3.13 -2.06 -16.56 -33.99

SEALSQ Semi-Annual Data
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 -1.70 -8.54 -8.02 -19.90 -14.09

LAES vs MRAM, INDI, NVEC: EBIT Comparison

For the Semiconductors subindustry, SEALSQ'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.

SEALSQ EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, SEALSQ's EV-to-EBIT distribution charts can be found below:

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


LAES
40GF Score
SEALSQ Corp LAES
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SEALSQ 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 $-33.99 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 $-33.99 Mil mean?
SEALSQ (LAES) has a EBIT of $-33.99 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SEALSQ.
Is SEALSQ's EBIT too high?
SEALSQ's current EBIT is $-33.99 Mil. Overall, SEALSQ has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SEALSQ's EBIT compare to MRAM and INDI?
SEALSQ's EBIT of $-33.99 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good EBIT depends on the Semiconductors 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 SEALSQ. SEALSQ's current EBIT is $-33.99 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SEALSQ stock overvalued right now?
Based on GuruFocus' analysis, SEALSQ (LAES) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.33, compared to a current price of $3.23 — trading 878.8% above its estimated fair value. The current EBIT is $-33.99 Mil. SEALSQ's overall GF Score™ is 40/100 with 6 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 SEALSQ (LAES), the current EBIT is $-33.99 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 SEALSQ (LAES) Overvalued in 2026?

Based on GuruFocus' analysis, SEALSQ stock appears to be overvalued. The current stock price of $3.23 is trading 878.8% above its estimated GF Value™ of $0.33. GuruFocus considers SEALSQ to be Significantly Overvalued.

Key valuation signals for LAES:

  • EBIT: $-33.99 Mil
  • GF Value™: $0.33 vs. price of $3.23 (878.8% above fair value)
  • GF Score™: 40/100 with 6 warning signs

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

SEALSQ Business Description

Other Exchanges 8OE:Germany
Address Avenue Louis-Casai 58, Cointrin, CHE, 1216
SEALSQ Corp develops certified secure microcontrollers and implements post-quantum cryptography. The company develops solutions including post-quantum microchips and devices that can be used in a variety of applications, from multi-factor authentication, home automation, and IT network infrastructure to automotive, industrial automation, and control systems. The company's vaultIC range offers a set of ready-to-use secure elements designed to implement embedded security for any kind of device with fast time-to-market and high flexibility. The company's products include VaultIC155, VaultIV18x, VaultIC292, and VaultIC40x. The company generates a majority of its revenue from North America, while it also has its presence in Europe, Middle East & Africa, Asia Pacific, and Latin America.
40GF Score

Get the complete analysis for LAES

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

$3.23
Price
$0.33
GF Value