AX Real Estate (MAL:AXR) EBIT: €34.20 Mil (TTM As of Oct. 2025)


MAL:AXR AX Real Estate PLC MAL:AXR
29 GF Score
Price €0.49
GF Value €0.81
Valuation Possible Value Trap
! 9 Warning Signs
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What is AX Real Estate EBIT?

AX Real Estate MAL:AXR 29 EBIT is €34.20 Mil as of Oct. 2025. GuruFocus rates MAL:AXR with a GF Score™ of 29/100 and a GF Value™ of €0.81 (Possible Value Trap). The stock has 9 warning signs investors should review.

AX Real Estate's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2025 was €27.55 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2025 was €34.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AX Real Estate's annualized ROC % for the quarter that ended in Oct. 2025 was 6.41%. AX Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AX Real Estate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was 15.64%.

AX Real Estate  (MAL:AXR) EBIT Explanation

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

AX Real Estate's annualized ROC % for the quarter that ended in Oct. 2025 is calculated as:

ROC % (Q: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2025 ) + Invested Capital (Q: Oct. 2025 ))/ count )
=28.296 * ( 1 - 22.13% )/( (330.724 + 356.649)/ 2 )
=22.0340952/343.6865
=6.41 %

where

Invested Capital(Q: Apr. 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))
=325.739 - 8.401 - ( 2.794 - max(0, 20.714 - 7.328+2.794))
=330.724

Invested Capital(Q: Oct. 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))
=349.589 - 5.534 - ( 2.754 - max(0, 24.237 - 11.643+2.754))
=356.649

Note: The Operating Income data used here is two times the semi-annual (Oct. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

AX Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2025  Q: Oct. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=55.092/( ( (0 + max(-11.183, 0)) + (0 + max(-18.34, 0)) )/ 2 )
=55.092/( ( 0 + 0 )/ 2 )
=55.092/0
= %

where Working Capital is:

Working Capital(Q: Apr. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.292 + 0.242 + 8.8817841970013E-16) - (8.401 + 0 + 7.316)
=-11.183

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.117 + 0.242 + 0.436) - (5.534 + 0 + 13.601)
=-18.34

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Oct. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

AX Real Estate's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2025 )
=34.203/218.709
=15.64 %

* 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.

AX Real Estate EBIT Related Terms

AX Real Estate EBIT Historical Data

* Premium members only.

The historical data trend for AX Real Estate'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.

AX Real Estate EBIT Chart

AX Real Estate Annual Data
Trend Oct22 Oct23 Oct24 Oct25
EBIT
10.30 9.56 17.61 34.20

AX Real Estate Semi-Annual Data
Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
EBIT Get a 7-Day Free Trial 6.25 6.33 11.28 6.66 27.55

AX Real Estate EBIT Competitor Comparison

For the Real Estate - Diversified subindustry, AX Real Estate'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.

AX Real Estate EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, AX Real Estate's EV-to-EBIT distribution charts can be found below:

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


MAL:AXR
29GF Score
AX Real Estate PLC MAL:AXR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AX Real Estate 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 Oct. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €34.20 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 €34.20 Mil mean?
AX Real Estate (MAL:AXR) has a EBIT of €34.20 Mil as of Oct. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on AX Real Estate.
Is AX Real Estate's EBIT too high?
AX Real Estate's current EBIT is €34.20 Mil. Overall, AX Real Estate has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AX Real Estate's EBIT compare to competitors?
AX Real Estate's EBIT of €34.20 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 AX Real Estate. AX Real Estate's current EBIT is €34.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AX Real Estate stock overvalued right now?
Based on GuruFocus' analysis, AX Real Estate (MAL:AXR) is currently considered Possible Value Trap. The stock's GF Value™ is €0.81, compared to a current price of €0.49 — trading 39.5% below its estimated fair value. The current EBIT is €34.20 Mil. AX Real Estate's overall GF Score™ is 29/100 with 9 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 AX Real Estate (MAL:AXR), the current EBIT is €34.20 Mil as of Oct. 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 AX Real Estate (MAL:AXR) Overvalued in 2026?

Based on GuruFocus' analysis, AX Real Estate stock appears to be undervalued. The current stock price of €0.49 is trading 39.5% below its estimated GF Value™ of €0.81. GuruFocus considers AX Real Estate to be Possible Value Trap.

Key valuation signals for MAL:AXR:

  • EBIT: €34.20 Mil
  • GF Value™: €0.81 vs. price of €0.49 (39.5% below fair value)
  • GF Score™: 29/100 with 9 warning signs

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

AX Real Estate Business Description

Address AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741
AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. It is engaged in four main business sectors namely, Care, Construction, Hospitality, Real Estate, and Development, and is also involved in renewable energy. It generates rental revenues from Hospitality, Care home, Offices, Residential, and Warehousing. It generates the majority of its revenue from the Hospitality segment.
29GF Score

Get the complete analysis for MAL:AXR

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

€0.49
Price
€0.81
GF Value