Marshalls (LSE:MSLH) EBIT: £31.6 Mil (TTM As of Dec. 2025)

What is Marshalls EBIT?

Marshalls LSE:MSLH +4.09% 64 EBIT is £31.6 Mil as of Dec. 2025. GuruFocus rates LSE:MSLH with a GF Score™ of 64/100 and a GF Value™ of £2.51 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Marshalls's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was £13.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was £31.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marshalls's annualized ROC % for the quarter that ended in Dec. 2025 was 4.43%. Marshalls's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marshalls's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.61%.

Marshalls (LSE:MSLH) EBIT Explanation

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

Marshalls'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 )
=	45.8 * ( 1 - 8.33% )	/	( (944.7	+	948.8)	/ 2 )
=	41.98486	/	946.75
=	4.43 %

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	))
=	1101.2	-	139.8	-	( 16.7	-	max(0, 154.8	-	267.5	+	16.7	))
=	944.7

	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	))
=	1041.4	-	87.7	-	( 4.9	-	max(0, 125.1	-	222.8	+	4.9	))
=	948.8

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:

Marshalls'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 )
=	26.4	/	( ( (268.8 + max(110.7, 0))	+	(262.6 + max(91.1, 0)) )	/	2 )
=	26.4	/	( ( 379.5	+	353.7 )	/	2 )
=	26.4	/	366.6
=	7.20 %

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)
=	(109.6	+	140.2	+	1)	-	(139.8	+	0	+	0.30000000000001)
=	110.7

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(72.3	+	137.2	+	1.1)	-	(87.7	+	0	+	31.8)
=	91.1

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	31.6	/	563.414
	=	5.61 %

* 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.

Marshalls EBIT Related Terms

Marshalls EBIT Historical Data

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

Marshalls EBIT Chart

Marshalls Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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76.23

47.90

41.00

53.90

31.60

Marshalls 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															14.20	28.90	25.00	18.40	13.20

LSE:MSLH vs CRH, VMC, MLM: EBIT Comparison

For the Building Materials subindustry, Marshalls'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.

Marshalls EV-to-EBIT vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Marshalls's EV-to-EBIT distribution charts can be found below:

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

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64GF Score

Marshalls PLC LSE:MSLH

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

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Marshalls 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 £31.6 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of £31.6 Mil mean?

Marshalls (LSE:MSLH) has a EBIT of £31.6 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Marshalls.

Is Marshalls' EBIT too high?

Marshalls' current EBIT is £31.6 Mil. Overall, Marshalls has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Marshalls' EBIT compare to CRH and VMC?

Marshalls' EBIT of £31.6 Mil can be compared against companies in the Building Materials 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 Building Materials company?

A good EBIT depends on the Building Materials 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 Marshalls. Marshalls's current EBIT is £31.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Marshalls stock overvalued right now?

Based on GuruFocus' analysis, Marshalls (LSE:MSLH) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.51, compared to a current price of £1.53 — trading 39.1% below its estimated fair value. The current EBIT is £31.6 Mil. Marshalls' overall GF Score™ is 64/100 with 3 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 Marshalls (LSE:MSLH), the current EBIT is £31.6 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 Marshalls (LSE:MSLH) Overvalued in 2026?

Based on GuruFocus' analysis, Marshalls stock appears to be undervalued. The current stock price of £1.53 is trading 39.1% below its estimated GF Value™ of £2.51. GuruFocus considers Marshalls to be Significantly Undervalued.

Key valuation signals for LSE:MSLH:

EBIT: £31.6 Mil
GF Value™: £2.51 vs. price of £1.53 (39.1% below fair value)
GF Score™: 64/100 with 3 warning signs

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

Marshalls Business Description

Industry Basic Materials Building Materials

Comparable Companies LSE:IBST LSE:FORT LSE:MBH LSE:STCM LSE:ECOB LSE:BREE LSE:SRC CRH XSWX:HOLN XTER:HEI VMC BOM:532538 MLM XSWX:AMRZ SHSE:600176 NSE:GRASIM MEX:CEMEXCPO SHSE:600585 NSA:DCP JHX

Other Exchanges MSLHl:UK 1QG:Germany

Address Landscape House, Premier Way, Lowfields Business Park, Elland, Halifax, West Yorkshire, GBR, HX5 9HT

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

Marshalls PLC manufactures landscape building and roofing products, which it sells to customers in both public sector/commercial and domestic end markets. The focus in the public sector and commercial business is on products for architects, local authorities, and contractors, for use in projects such as creating street furniture, paving, and water management. Domestic market customers range from do-it-yourselfers to professional landscapers, driveway installers, and garden designers. It supplies products like Concrete tiles, Clay tiles, Walling, and Concrete bricks, among others. The company has three reporting segments: Landscape Products, which generates key revenue; Building Products; and Roofing Products. It operates manufacturing sites and quarries throughout the United Kingdom.

64GF Score

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

£1.53

Price

£2.51

GF Value

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