MANU (Manchester United) EBIT: $58.6 Mil (TTM As of Mar. 2026)


MANU Manchester United PLC MANU
73 GF Score
Price $22.25
GF Value $17.45
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Manchester United EBIT?

Manchester United MANU +5.40% 73 EBIT is $58.6 Mil as of Mar. 2026. GuruFocus rates MANU with a GF Score™ of 73/100 and a GF Value™ of $17.45 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Manchester United's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $15.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $58.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Manchester United's annualized ROC % for the quarter that ended in Mar. 2026 was 1.76%. Manchester United's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Manchester United's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.23%.

Manchester United  (NYSE:MANU) EBIT Explanation

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

Manchester United'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=54.972 * ( 1 - 22.58% )/( (2529.61 + 2319.965)/ 2 )
=42.5593224/2424.7875
=1.76 %

where

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))
=2235.762 - 436.059 - ( 59.446 - max(0, 1076.477 - 346.57+59.446))
=2529.61

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))
=2120.611 - 415.512 - ( 81.247 - max(0, 978.251 - 363.385+81.247))
=2319.965

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Manchester United'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=61.572/( ( (403.027 + max(-482.109, 0)) + (399.109 + max(-450.509, 0)) )/ 2 )
=61.572/( ( 403.027 + 399.109 )/ 2 )
=61.572/401.068
=15.35 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(145.724 + 25.122 + 26.973) - (436.059 + 233.005 + 10.864)
=-482.109

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(134.221 + 18.249 + 24.681) - (415.512 + 190.115 + 22.033)
=-450.509

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=58.595/4754.035
=1.23 %

* 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.

Manchester United EBIT Related Terms

Manchester United EBIT Historical Data

* Premium members only.

The historical data trend for Manchester United'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.

Manchester United EBIT Chart

Manchester United Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.35 -152.87 12.62 -99.12 20.01

Manchester United Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 13.86 8.07 8.62 26.52 15.39

MANU vs MSGE, CNK, BATRA: EBIT Comparison

For the Entertainment subindustry, Manchester United'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.

Manchester United EV-to-EBIT vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manchester United's EV-to-EBIT distribution charts can be found below:

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


MANU
73GF Score
Manchester United PLC MANU
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Manchester United 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 quarterly data reported by the company within the most recent 12 months, which was $58.6 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 $58.6 Mil mean?
Manchester United (MANU) has a EBIT of $58.6 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Manchester United.
Is Manchester United's EBIT too high?
Manchester United's current EBIT is $58.6 Mil. Overall, Manchester United has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester United's EBIT compare to MSGE and CNK?
Manchester United's EBIT of $58.6 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good EBIT depends on the Media - Diversified 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 Manchester United. Manchester United's current EBIT is $58.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester United stock overvalued right now?
Based on GuruFocus' analysis, Manchester United (MANU) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.45, compared to a current price of $22.25 — trading 27.5% above its estimated fair value. The current EBIT is $58.6 Mil. Manchester United's overall GF Score™ is 73/100 with 10 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 Manchester United (MANU), the current EBIT is $58.6 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 Manchester United (MANU) Overvalued in 2026?

Based on GuruFocus' analysis, Manchester United stock appears to be overvalued. The current stock price of $22.25 is trading 27.5% above its estimated GF Value™ of $17.45. GuruFocus considers Manchester United to be Modestly Overvalued.

Key valuation signals for MANU:

  • EBIT: $58.6 Mil
  • GF Value™: $17.45 vs. price of $22.25 (27.5% above fair value)
  • GF Score™: 73/100 with 10 warning signs

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

Manchester United Business Description

Other Exchanges 0Z1Q:UKMUF:Germany
Address Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates as a professional football club with related activities, generating revenue prominently through commercial, broadcasting, and matchday segments. The commercial segment monetizes the various brands via sponsorships, retail, merchandising, apparel, and product licensing. Broadcasting revenue comes from television rights linked to football leagues and competitions, alongside content delivered through its dedicated TV channel all over the globe. Matchday income includes ticket sales, hospitality, merchandise, and services at its stadium. Manchester United is based in England. The company's operations and fan base extends to many countries, supporting a diversified revenue model based on brand engagement and football-related content.
73GF Score

Get the complete analysis for MANU

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

$22.25
Price
$17.45
GF Value