Intercede Group (LSE:IGP) EBIT: £3.82 Mil (TTM As of Mar. 2026)


LSE:IGP Intercede Group PLC LSE:IGP
82 GF Score
Price £1.02
GF Value £1.37
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Intercede Group EBIT?

Intercede Group LSE:IGP -8.56% 82 EBIT is £3.82 Mil as of Mar. 2026. GuruFocus rates LSE:IGP with a GF Score™ of 82/100 and a GF Value™ of £1.37 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Intercede Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was £2.53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was £3.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Intercede Group's annualized ROC % for the quarter that ended in Mar. 2026 was 34.81%. Intercede Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 334.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Intercede Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.07%.

Intercede Group  (LSE:IGP) EBIT Explanation

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

Intercede 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 )
=4.444 * ( 1 - 13.5% )/( (10.225 + 11.862)/ 2 )
=3.84406/11.0435
=34.81 %

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))
=25.588 - 1.83 - ( 17.815 - max(0, 7.458 - 20.991+17.815))
=10.225

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))
=30.35 - 1.891 - ( 19.999 - max(0, 9.41 - 26.007+19.999))
=11.862

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:

Intercede 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 )
=5.058/( ( (1.582 + max(-4.14, 0)) + (1.44 + max(-3.247, 0)) )/ 2 )
=5.058/( ( 1.582 + 1.44 )/ 2 )
=5.058/1.511
=334.75 %

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)
=(3.176 + 0 + 0) - (1.83 + 0 + 5.486)
=-4.14

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.008 + 0 + 3.5527136788005E-15) - (1.891 + 0 + 7.364)
=-3.247

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3.822/42.162
=9.07 %

* 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.

Intercede Group EBIT Related Terms

Intercede Group EBIT Historical Data

* Premium members only.

The historical data trend for Intercede 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.

Intercede Group EBIT Chart

Intercede Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.70 5.66 4.68 3.82

Intercede 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 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 4.55 1.71 2.97 1.29 2.53

LSE:IGP vs CRM, SHOP, UBER: EBIT Comparison

For the Software - Application subindustry, Intercede 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.

Intercede Group EV-to-EBIT vs Software Industry

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

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


LSE:IGP
82GF Score
Intercede Group PLC LSE:IGP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Intercede 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 £3.82 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 £3.82 Mil mean?
Intercede Group (LSE:IGP) has a EBIT of £3.82 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Intercede Group.
Is Intercede Group's EBIT too high?
Intercede Group's current EBIT is £3.82 Mil. Overall, Intercede Group has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's EBIT compare to CRM and SHOP?
Intercede Group's EBIT of £3.82 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 Intercede Group. Intercede Group's current EBIT is £3.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Based on GuruFocus' analysis, Intercede Group (LSE:IGP) is currently considered Modestly Undervalued. The stock's GF Value™ is £1.37, compared to a current price of £1.02 — trading 25.9% below its estimated fair value. The current EBIT is £3.82 Mil. Intercede Group's overall GF Score™ is 82/100 with 2 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 Intercede Group (LSE:IGP), the current EBIT is £3.82 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 Intercede Group (LSE:IGP) Overvalued in 2026?

Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued. The current stock price of £1.02 is trading 25.9% below its estimated GF Value™ of £1.37. GuruFocus considers Intercede Group to be Modestly Undervalued.

Key valuation signals for LSE:IGP:

  • EBIT: £3.82 Mil
  • GF Value™: £1.37 vs. price of £1.02 (25.9% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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

Intercede Group Business Description

Address St. Mary's Road, Lutterworth Hall, Lutterworth, Leicestershire, GBR, LE17 4PS
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
82GF Score

Get the complete analysis for LSE:IGP

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

£1.02
Price
£1.37
GF Value