Big Yellow Group (LSE:BYG) EBIT: £139.8 Mil (TTM As of Mar. 2026)

What is Big Yellow Group EBIT?

Big Yellow Group LSE:BYG +5.35% 72 EBIT is £139.8 Mil as of Mar. 2026. GuruFocus rates LSE:BYG with a GF Score™ of 72/100 and a GF Value™ of £10.56 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Big Yellow Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was £58.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was £139.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Big Yellow Group's annualized ROC % for the quarter that ended in Mar. 2026 was 4.04%. Big Yellow Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 533.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Big Yellow Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.16%.

Big Yellow Group (LSE:BYG) EBIT Explanation

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

Big Yellow 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 )
=	129.348 * ( 1 - 1.45% )	/	( (3135.586	+	3173.447)	/ 2 )
=	127.472454	/	3154.5165
=	4.04 %

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	))
=	3114.746	-	24.056	-	( 7.216	-	max(0, 61.005	-	16.109	+	7.216	))
=	3135.586

	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	))
=	3154.169	-	21.026	-	( 9.224	-	max(0, 58.113	-	17.809	+	9.224	))
=	3173.447

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:

Big Yellow 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 )
=	117.108	/	( ( (21.831 + max(-53.907, 0))	+	(22.045 + max(-50.312, 0)) )	/	2 )
=	117.108	/	( ( 21.831	+	22.045 )	/	2 )
=	117.108	/	21.938
=	533.81 %

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)
=	(1.373	+	0.387	+	0)	-	(24.056	+	0	+	31.611)
=	-53.907

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.131	+	0.377	+	0)	-	(21.026	+	0	+	31.794)
=	-50.312

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	139.766	/	2268.643
	=	6.16 %

* 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.

Big Yellow Group EBIT Related Terms

Big Yellow Group EBIT Historical Data

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The historical data trend for Big Yellow Group's EBIT can be seen below:

Big Yellow Group EBIT Chart

Big Yellow Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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709.48

91.47

263.98

219.78

139.77

Big Yellow 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															132.21	155.02	64.76	81.21	58.55

LSE:BYG vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, Big Yellow 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.

Big Yellow Group EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Big Yellow Group's EV-to-EBIT distribution charts can be found below:

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

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72GF Score

Big Yellow Group PLC LSE:BYG

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Big Yellow 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 £139.8 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of £139.8 Mil mean?

Big Yellow Group (LSE:BYG) has a EBIT of £139.8 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Big Yellow Group.

Is Big Yellow Group's EBIT too high?

Big Yellow Group's current EBIT is £139.8 Mil. Overall, Big Yellow Group has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Big Yellow Group's EBIT compare to PLD and PSA?

Big Yellow Group's EBIT of £139.8 Mil can be compared against companies in the REITs 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 REITs company?

A good EBIT depends on the REITs 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 Big Yellow Group. Big Yellow Group's current EBIT is £139.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Big Yellow Group stock overvalued right now?

Based on GuruFocus' analysis, Big Yellow Group (LSE:BYG) is currently considered Modestly Undervalued. The stock's GF Value™ is £10.56, compared to a current price of £9.06 — trading 14.2% below its estimated fair value. The current EBIT is £139.8 Mil. Big Yellow Group's overall GF Score™ is 72/100 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 Big Yellow Group (LSE:BYG), the current EBIT is £139.8 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 Big Yellow Group (LSE:BYG) Overvalued in 2026?

Based on GuruFocus' analysis, Big Yellow Group stock appears to be undervalued. The current stock price of £9.06 is trading 14.2% below its estimated GF Value™ of £10.56. GuruFocus considers Big Yellow Group to be Modestly Undervalued.

Key valuation signals for LSE:BYG:

EBIT: £139.8 Mil
GF Value™: £10.56 vs. price of £9.06 (14.2% below fair value)
GF Score™: 72/100 with 6 warning signs

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

Big Yellow Group Business Description

Industry Real Estate REITs

Comparable Companies LSE:SAFE LSE:BBOX LSE:LMP PLD PSA EXR LSE:SGRO EGP LINE SGX:A17U CUBE FR REXR MEX:FIBRAPL14 STAG TRNO XBRU:WDP SGX:M44U TSE:3283 COLD

Other Exchanges BYLOF:USA BYGl:UK B9Y:Germany

Address Bridge Road, 2 The Deans, Bagshot, London, Surrey, GBR, GU19 5AT

Website https://www.bigyellow.co.uk

Big Yellow Group PLC operates a portfolio of modern, purpose-built self-storage stores. The Group provides self storage solutions for domestic and business customers, including storage space, flexi offices, dedicated office space, delivery acceptance, forklifting, courier arrangement services, and the sale of boxes and packing materials. The Group operates Big Yellow stores and Armadillo stores across the United Kingdom, with a focus on London and the South East. The Group operates in one segment, the provision of self-storage and related services.

72GF Score

Get the complete analysis for LSE:BYG

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

£9.06

Price

£10.56

GF Value

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