MARZF (Marston's) EBIT: $244 Mil (TTM As of Mar. 2026)


MARZF Marston's PLC MARZF
51 GF Score
Price $0.66
GF Value $0.57
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Marston's EBIT?

Marston's MARZF 51 EBIT is $244 Mil as of Mar. 2026. GuruFocus rates MARZF with a GF Score™ of 51/100 and a GF Value™ of $0.57 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Marston's's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was $91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $244 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marston's's annualized ROC % for the quarter that ended in Mar. 2026 was 4.03%. Marston's's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marston's's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.97%.

Marston's  (OTCPK:MARZF) EBIT Explanation

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

Marston's'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 )
=171.734 * ( 1 - 25.75% )/( (3206.081 + 3116.533)/ 2 )
=127.512495/3161.307
=4.03 %

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))
=3130.135 - 155.811 - ( 48.514 - max(0, 336.216 - 104.459+48.514))
=3206.081

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))
=3125.733 - 234.267 - ( 38.267 - max(0, 319.6 - 94.533+38.267))
=3116.533

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:

Marston's'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 )
=181.6/( ( (2947.703 + max(-215.677, 0)) + (2953.467 + max(-178.801, 0)) )/ 2 )
=181.6/( ( 2947.703 + 2953.467 )/ 2 )
=181.6/2950.585
=6.15 %

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)
=(16.216 + 18.649 + 1.62) - (155.811 + 0 + 96.351)
=-215.677

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.667 + 16.933 + 2.666) - (234.267 + 0 + 0.80000000000001)
=-178.801

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=244.449/2041.507
=11.97 %

* 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.

Marston's EBIT Related Terms

Marston's EBIT Historical Data

* Premium members only.

The historical data trend for Marston's'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.

Marston's EBIT Chart

Marston's Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -105.91 289.13 86.39 159.92 240.95

Marston's 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 33.80 124.74 83.46 153.65 90.80

MARZF vs MCD, SBUX, CMG: EBIT Comparison

For the Restaurants subindustry, Marston's'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.

Marston's EV-to-EBIT vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Marston's's EV-to-EBIT distribution charts can be found below:

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


MARZF
51GF Score
Marston's PLC MARZF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Marston's 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 $244 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 $244 Mil mean?
Marston's (MARZF) has a EBIT of $244 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Marston's.
Is Marston's' EBIT too high?
Marston's' current EBIT is $244 Mil. Overall, Marston's has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marston's' EBIT compare to MCD and SBUX?
Marston's' EBIT of $244 Mil can be compared against companies in the Restaurants 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 Restaurants company?
A good EBIT depends on the Restaurants 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 Marston's. Marston's's current EBIT is $244 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marston's stock overvalued right now?
Based on GuruFocus' analysis, Marston's (MARZF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.57, compared to a current price of $0.66 — trading 15.4% above its estimated fair value. The current EBIT is $244 Mil. Marston's' overall GF Score™ is 51/100 with 5 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 Marston's (MARZF), the current EBIT is $244 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 Marston's (MARZF) Overvalued in 2026?

Based on GuruFocus' analysis, Marston's stock appears to be overvalued. The current stock price of $0.66 is trading 15.4% above its estimated GF Value™ of $0.57. GuruFocus considers Marston's to be Modestly Overvalued.

Key valuation signals for MARZF:

  • EBIT: $244 Mil
  • GF Value™: $0.57 vs. price of $0.66 (15.4% above fair value)
  • GF Score™: 51/100 with 5 warning signs

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

Marston's Business Description

Other Exchanges MARSl:UKMARS:UK
Address Saint Johns Square, Saint Johns House, Wolverhampton, GBR, WV1 4JT
Marston's PLC is a beer brewer and pub operator. It operates more than 1,500 pubs across the United Kingdom under brand names including Marston's Two For One, Milestone Rotisserie, Pitcher & Piano, and Revere. It also licenses and franchises more than 500 other taverns, and it has some locations that offer lodging. The company has five breweries that distribute its beer brands for sale to both out-of-home and at-home customers. Its key beer brands include Hobgoblin, Marston's Pedigree, Wainwright, Ringwood, Brakspear, and Banks's. Roughly 20% of the company's revenue comes from the brewing business; the rest comes from its pub businesses. Virtually all revenue is generated in the United Kingdom.
51GF Score

Get the complete analysis for MARZF

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

$0.66
Price
$0.57
GF Value