Howden Joinery Group (LSE:HWDN) EBIT: £368 Mil (TTM As of Dec. 2025)


LSE:HWDN Howden Joinery Group PLC LSE:HWDN
93 GF Score
Price £8.68
GF Value £8.74
Valuation Fairly Valued
! 1 Warning Sign
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What is Howden Joinery Group EBIT?

Howden Joinery Group LSE:HWDN +2.48% 93 EBIT is £368 Mil as of Dec. 2025. GuruFocus rates LSE:HWDN with a GF Score™ of 93/100 and a GF Value™ of £8.74 (Fairly Valued). The stock has 1 warning sign investors should review.

Howden Joinery Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was £241 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was £368 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Howden Joinery Group's annualized ROC % for the quarter that ended in Dec. 2025 was 22.53%. Howden Joinery Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Howden Joinery Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.17%.


Howden Joinery Group  (LSE:HWDN) EBIT Explanation

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

Howden Joinery Group'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 )
=467.8 * ( 1 - 21.78% )/( (1515.1 + 1732.5)/ 2 )
=365.91316/1623.8
=22.53 %

where

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:

Howden Joinery Group'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 )
=481.2/( ( (1146.6 + max(284.6, 0)) + (1241.3 + max(282.3, 0)) )/ 2 )
=481.2/( ( 1431.2 + 1523.6 )/ 2 )
=481.2/1477.4
=32.57 %

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)
=(271.4 + 416.8 + 18.2) - (413.7 + 0 + 8.1)
=284.6

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(218.6 + 409.2 + 49.6) - (277.1 + 0 + 118)
=282.3

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=368.3/5139.599
=7.17 %

* 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.


Howden Joinery Group EBIT Related Terms


Howden Joinery Group EBIT Historical Data

* Premium members only.

The historical data trend for Howden Joinery Group'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.

Howden Joinery Group EBIT Chart

Howden Joinery Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 401.30 419.00 344.40 348.80 368.30

Howden Joinery Group 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 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 225.60 121.40 227.40 127.70 240.60

LSE:HWDN vs SN, SGI, MHK: EBIT Comparison

For the Furnishings, Fixtures & Appliances subindustry, Howden Joinery 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.


Howden Joinery Group EV-to-EBIT vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Howden Joinery Group's EV-to-EBIT distribution charts can be found below:

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


LSE:HWDN
93GF Score
Howden Joinery Group PLC LSE:HWDN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Howden Joinery 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was £368 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 £368 Mil mean?
Howden Joinery Group (LSE:HWDN) has a EBIT of £368 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Howden Joinery Group.
Is Howden Joinery Group's EBIT too high?
Howden Joinery Group's current EBIT is £368 Mil. Overall, Howden Joinery Group has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Howden Joinery Group's EBIT compare to SN and SGI?
Howden Joinery Group's EBIT of £368 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good EBIT depends on the Furnishings, Fixtures & Appliances 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 Howden Joinery Group. Howden Joinery Group's current EBIT is £368 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howden Joinery Group stock overvalued right now?
Based on GuruFocus' analysis, Howden Joinery Group (LSE:HWDN) is currently considered Fairly Valued. The stock's GF Value™ is £8.74, compared to a current price of £8.68 — trading 0.7% below its estimated fair value. The current EBIT is £368 Mil. Howden Joinery Group's overall GF Score™ is 93/100 with 1 warning sign 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 Howden Joinery Group (LSE:HWDN), the current EBIT is £368 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 Howden Joinery Group (LSE:HWDN) Overvalued in 2026?

Based on GuruFocus' analysis, Howden Joinery Group stock appears to be undervalued. The current stock price of £8.68 is trading 0.7% below its estimated GF Value™ of £8.74. GuruFocus considers Howden Joinery Group to be Fairly Valued.

Key valuation signals for LSE:HWDN:

  • EBIT: £368 Mil
  • GF Value™: £8.74 vs. price of £8.68 (0.7% below fair value)
  • GF Score™: 93/100 with 1 warning sign

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


Howden Joinery Group Business Description

Address 105 Wigmore Street, London, GBR, W1U 1QY
Howden Joinery Group Plc is the UK's specialist trade-only kitchen and joinery supplier, focused on serving trade customers through an in-stock, local depot model supported by UK manufacturing, sourcing, and distribution. The Company designs, manufactures, and sources kitchen and joinery products, including cabinets, cabinet frontals, worktops, and skirting boards, and supplies a multiple products such as appliances, joinery, flooring, and hardware necessary to complete any kitchen, along with design, planning, and support services to trade customers. The business operates as a trade-only, in-stock kitchen and joinery supply model supported by manufacturing, sourcing, and distribution operations. It generates the majority of its revenue from the UK.
93GF Score

Get the complete analysis for LSE:HWDN

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

£8.68
Price
£8.74
GF Value