easyJet (LSE:EZJ) EBIT: £650 Mil (TTM As of Mar. 2026)


LSE:EZJ easyJet PLC LSE:EZJ
82 GF Score
Price £5.58
GF Value £5.85
Valuation Fairly Valued
! 8 Warning Signs
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What is easyJet EBIT?

easyJet LSE:EZJ -4.05% 82 EBIT is £650 Mil as of Mar. 2026. GuruFocus rates LSE:EZJ with a GF Score™ of 82/100 and a GF Value™ of £5.85 (Fairly Valued). The stock has 8 warning signs investors should review.

easyJet's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was £-484 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was £650 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. easyJet's annualized ROC % for the quarter that ended in Mar. 2026 was -1.84%. easyJet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -16.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. easyJet's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.38%.


easyJet  (LSE:EZJ) EBIT Explanation

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

easyJet'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 )
=-284 * ( 1 - 31.7% )/( (10459 + 10611)/ 2 )
=-193.972/10535
=-1.84 %

where

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:

easyJet'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 )
=-968/( ( (5806 + max(-3113, 0)) + (5970 + max(-2649, 0)) )/ 2 )
=-968/( ( 5806 + 5970 )/ 2 )
=-968/5888
=-16.44 %

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)
=(130 + 0 + 652) - (575 + 0 + 3320)
=-3113

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(570 + 0 + 1637) - (1601 + 0 + 3255)
=-2649

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=650/3740.186
=17.38 %

* 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.


easyJet EBIT Related Terms


easyJet EBIT Historical Data

* Premium members only.

The historical data trend for easyJet'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.

easyJet EBIT Chart

easyJet Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -918.00 -65.00 612.00 732.00 815.00

easyJet 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 -284.00 1,016.00 -319.00 1,134.00 -484.00

LSE:EZJ vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, easyJet'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.


easyJet EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, easyJet's EV-to-EBIT distribution charts can be found below:

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


LSE:EZJ
82GF Score
easyJet PLC LSE:EZJ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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easyJet 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 £650 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 £650 Mil mean?
easyJet (LSE:EZJ) has a EBIT of £650 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on easyJet.
Is easyJet's EBIT too high?
easyJet's current EBIT is £650 Mil. Overall, easyJet has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does easyJet's EBIT compare to DAL and UAL?
easyJet's EBIT of £650 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 easyJet. easyJet's current EBIT is £650 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is easyJet stock overvalued right now?
Based on GuruFocus' analysis, easyJet (LSE:EZJ) is currently considered Fairly Valued. The stock's GF Value™ is £5.85, compared to a current price of £5.58 — trading 4.5% below its estimated fair value. The current EBIT is £650 Mil. easyJet's overall GF Score™ is 82/100 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 easyJet (LSE:EZJ), the current EBIT is £650 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 easyJet (LSE:EZJ) Overvalued in 2026?

Based on GuruFocus' analysis, easyJet stock appears to be undervalued. The current stock price of £5.58 is trading 4.5% below its estimated GF Value™ of £5.85. GuruFocus considers easyJet to be Fairly Valued.

Key valuation signals for LSE:EZJ:

  • EBIT: £650 Mil
  • GF Value™: £5.85 vs. price of £5.58 (4.5% below fair value)
  • GF Score™: 82/100 with 8 warning signs

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


easyJet Business Description

Address Hangar 89, London Luton Airport, Luton, Bedfordshire, GBR, LU2 9PF
EasyJet is a leading European low-cost airline, headquartered in Luton, United Kingdom. Established in 1995, easyJet operates on a point-to-point model, providing affordable and efficient travel options across Europe. The airline serves more than 160 airports in over 30 countries, with a network spanning key cities and popular holiday destinations. EasyJet is known for its extensive route network, with primary bases at London Gatwick, Milan Malpensa, and Geneva, among others.
82GF Score

Get the complete analysis for LSE:EZJ

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

£5.58
Price
£5.85
GF Value