CLS Holdings (LSE:CLI) EBIT: £-25.6 Mil (TTM As of Dec. 2025)

What is CLS Holdings EBIT?

CLS Holdings LSE:CLI -2.34% 40 EBIT is £-25.6 Mil as of Dec. 2025. GuruFocus rates LSE:CLI with a GF Score™ of 40/100 and a GF Value™ of £0.81 (Possible Value Trap). The stock has 7 warning signs investors should review.

CLS Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was £-20.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was £-25.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CLS Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 2.35%. CLS Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -25.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CLS Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -2.34%.

CLS Holdings (LSE:CLI) EBIT Explanation

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

CLS Holdings'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 )
=	63.6 * ( 1 - 31.12% )	/	( (1863.1	+	1859)	/ 2 )
=	43.80768	/	1861.05
=	2.35 %

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	))
=	1826.7	-	55.3	-	( 63.9	-	max(0, 353.3	-	261.6	+	63.9	))
=	1863.1

	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	))
=	1770.7	-	11.9	-	( 0.1	-	max(0, 255.6	-	155.4	+	0.1	))
=	1859

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:

CLS Holdings'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 )
=	-40.8	/	( ( (42.4 + max(142.4, 0))	+	(40.6 + max(90.6, 0)) )	/	2 )
=	-40.8	/	( ( 184.8	+	131.2 )	/	2 )
=	-40.8	/	158
=	-25.82 %

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)
=	(10.6	+	0	+	187.1)	-	(55.3	+	0	+	0)
=	142.4

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.6	+	0	+	145.6)	-	(11.9	+	0	+	45.7)
=	90.6

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	-25.6	/	1096.293
	=	-2.34 %

* 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.

CLS Holdings EBIT Related Terms

CLS Holdings EBIT Historical Data

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The historical data trend for CLS Holdings's EBIT can be seen below:

CLS Holdings EBIT Chart

CLS Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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115.00

-57.00

-227.90

-56.80

-25.60

CLS Holdings Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial															-137.80	-45.30	-11.50	-5.20	-20.40

LSE:CLI vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, CLS Holdings'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.

CLS Holdings EV-to-EBIT vs REITs Industry

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

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

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40GF Score

CLS Holdings PLC LSE:CLI

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

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CLS Holdings 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 £-25.6 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of £-25.6 Mil mean?

CLS Holdings (LSE:CLI) has a EBIT of £-25.6 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CLS Holdings.

Is CLS Holdings' EBIT too high?

CLS Holdings' current EBIT is £-25.6 Mil. Overall, CLS Holdings has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does CLS Holdings' EBIT compare to BXP and ARE?

CLS Holdings' EBIT of £-25.6 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 CLS Holdings. CLS Holdings's current EBIT is £-25.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CLS Holdings stock overvalued right now?

Based on GuruFocus' analysis, CLS Holdings (LSE:CLI) is currently considered Possible Value Trap. The stock's GF Value™ is £0.81, compared to a current price of £0.48 — trading 40.7% below its estimated fair value. The current EBIT is £-25.6 Mil. CLS Holdings' overall GF Score™ is 40/100 with 7 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 CLS Holdings (LSE:CLI), the current EBIT is £-25.6 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 CLS Holdings (LSE:CLI) Overvalued in 2026?

Based on GuruFocus' analysis, CLS Holdings stock appears to be undervalued. The current stock price of £0.48 is trading 40.7% below its estimated GF Value™ of £0.81. GuruFocus considers CLS Holdings to be Possible Value Trap.

Key valuation signals for LSE:CLI:

EBIT: £-25.6 Mil
GF Value™: £0.81 vs. price of £0.48 (40.7% below fair value)
GF Score™: 40/100 with 7 warning signs

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

CLS Holdings Business Description

Industry Real Estate REITs

Comparable Companies LSE:RGL LSE:WKP XMAD:MRL BXP ARE TSE:8951 VNO XPAR:GFC SGX:N2IU TSE:8952 SGX:AJBU CUZ ASX:DXS BOM:542602 XMAD:COL KRC NSE:BAGMANE CDP SGX:K71U TSE:8954

Other Exchanges CLIl:UK 838:Germany

Address 16 Tinworth Street, London, GBR, SE11 5AL

Website https://www.clsholdings.com

CLS Holdings PLC is a commercial property investment firm focused on office space. The company has two operating segments: Investment Property and Other Investments. The Investment Property segment includes properties in the United Kingdom, Germany, and France, with over half of its assets located in the United Kingdom. Other Investments comprise the hotel at Spring Mews and various small corporate holdings. The company invests in non-central locations that offer efficient access to transportation and are situated in large cities. It generates the majority of its revenue from rental income.

40GF Score

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

£0.48

Price

£0.81

GF Value

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