Record (LSE:REC) EBIT: £10.22 Mil (TTM As of Mar. 2026)


LSE:REC Record PLC LSE:REC
75 GF Score
Price £0.44
GF Value £0.57
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Record EBIT?

Record LSE:REC -4.52% 75 EBIT is £10.22 Mil as of Mar. 2026. GuruFocus rates LSE:REC with a GF Score™ of 75/100 and a GF Value™ of £0.57 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Record's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was £5.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was £10.22 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Record's annualized ROC % for the quarter that ended in Mar. 2026 was 28.68%. Record's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 76.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Record's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.63%.


Record  (LSE:REC) EBIT Explanation

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

Record'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 )
=10.37 * ( 1 - 30.14% )/( (24.062 + 26.449)/ 2 )
=7.244482/25.2555
=28.68 %

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:

Record'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 )
=11.174/( ( (8.641 + max(8.934, 0)) + (8.061 + max(3.697, 0)) )/ 2 )
=11.174/( ( 17.575 + 11.758 )/ 2 )
=11.174/14.6665
=76.19 %

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)
=(14.521 + 0 + 0.288) - (5.675 + 0 + 0.2)
=8.934

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.966 + 0 + 1.386) - (1.121 + 0 + 4.534)
=3.697

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=10.216/80.889
=12.63 %

* 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.


Record EBIT Related Terms


Record EBIT Historical Data

* Premium members only.

The historical data trend for Record'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.

Record EBIT Chart

Record 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 10.88 14.65 12.99 11.10 10.22

Record 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 6.71 5.91 5.19 4.63 5.59

LSE:REC vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, Record'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.


Record EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Record's EV-to-EBIT distribution charts can be found below:

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


LSE:REC
75GF Score
Record PLC LSE:REC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Record 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 £10.22 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 £10.22 Mil mean?
Record (LSE:REC) has a EBIT of £10.22 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Record.
Is Record's EBIT too high?
Record's current EBIT is £10.22 Mil. Overall, Record has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Record's EBIT compare to BLK and BX?
Record's EBIT of £10.22 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good EBIT depends on the Asset Management 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 Record. Record's current EBIT is £10.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Record stock overvalued right now?
Based on GuruFocus' analysis, Record (LSE:REC) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.57, compared to a current price of £0.44 — trading 22.1% below its estimated fair value. The current EBIT is £10.22 Mil. Record's overall GF Score™ is 75/100 with 4 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 Record (LSE:REC), the current EBIT is £10.22 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 Record (LSE:REC) Overvalued in 2026?

Based on GuruFocus' analysis, Record stock appears to be undervalued. The current stock price of £0.44 is trading 22.1% below its estimated GF Value™ of £0.57. GuruFocus considers Record to be Modestly Undervalued.

Key valuation signals for LSE:REC:

  • EBIT: £10.22 Mil
  • GF Value™: £0.57 vs. price of £0.44 (22.1% below fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Record Business Description

Other Exchanges RECl:UK
Address 3 Sheldon Square, Paddington, Westminster, London, GBR, W2 6HY
Record PLC is a United Kingdom-based company currency and asset management firm. The company provides services to clients such as pension funds, charities, foundations, endowments, family offices, and other fund managers and corporate entities. Geographically, it derives a majority of its revenue from the United States and also has a presence in the United Kingdom, Switzerland, Europe (excluding UK and Switzerland), and other countries. Revenue comprises mainly management fees and performance fees. Its reportable segments are Currency Management and Asset Management. The maximum revenue is derived from the currency management segment which comprises bespoke solutions for clients including Passive Hedging, Dynamic Hedging, Hedging for Asset Managers, and FX Alpha products.
75GF Score

Get the complete analysis for LSE:REC

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

£0.44
Price
£0.57
GF Value