MDRNF (Modern Plant Based Foods) EBIT: $-0.23 Mil (TTM As of Feb. 2026)

What is Modern Plant Based Foods EBIT?

Modern Plant Based Foods MDRNF EBIT is $-0.23 Mil as of Feb. 2026. The stock has 4 warning signs investors should review.

Modern Plant Based Foods's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2026 was $-0.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was $-0.23 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Modern Plant Based Foods's annualized ROC % for the quarter that ended in Feb. 2026 was -8.37%. Modern Plant Based Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -4,533.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Modern Plant Based Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -10.46%.

Modern Plant Based Foods (OTCPK:MDRNF) EBIT Explanation

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

Modern Plant Based Foods's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

	ROC % (Q: Feb. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2025 )	+	Invested Capital (Q: Feb. 2026 ))	/ count )
=	-0.184 * ( 1 - 0% )	/	( (2.138	+	2.259)	/ 2 )
=	-0.184	/	2.1985
=	-8.37 %

where

	Invested Capital		(Q: Nov. 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	))
=	0.803	-	0.659	-	( 0.09	-	max(0, 2.196	-	0.202	+	0.09	))
=	2.138

	Invested Capital		(Q: Feb. 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	))
=	0.78	-	0.665	-	( 0.05	-	max(0, 2.307	-	0.163	+	0.05	))
=	2.259

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

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

Modern Plant Based Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2025		Q: Feb. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.136	/	( ( (0.003 + max(-0.552, 0))	+	(0.003 + max(-0.557, 0)) )	/	2 )
=	-0.136	/	( ( 0.003	+	0.003 )	/	2 )
=	-0.136	/	0.003
=	-4,533.33 %

where Working Capital is:

	Working Capital		(Q: Nov. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.049	+	0.04	+	0.018)	-	(0.659	+	0.001	+	-0.00099999999999945)
=	-0.552

	Working Capital		(Q: Feb. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.063	+	0.033	+	0.013)	-	(0.665	+	0.001	+	0)
=	-0.557

When net working capital is negative, 0 is used.

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

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

Modern Plant Based Foods's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2026 )
	=	-0.23	/	2.198
	=	-10.46 %

* 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.

Modern Plant Based Foods EBIT Related Terms

Modern Plant Based Foods EBIT Historical Data

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The historical data trend for Modern Plant Based Foods's EBIT can be seen below:

Modern Plant Based Foods EBIT Chart

Modern Plant Based Foods Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

EBIT

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-4.89

-8.95

-6.14

-0.52

-0.46

Modern Plant Based Foods Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
EBIT	Get a 7-Day Free Trial															-0.03	-0.04	-0.13	-0.03	-0.03

MDRNF vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, Modern Plant Based Foods'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.

Modern Plant Based Foods EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modern Plant Based Foods's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Modern Plant Based Foods's EV-to-EBIT falls into.

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Modern Plant Based Foods 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.23 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-0.23 Mil mean?

Modern Plant Based Foods (MDRNF) has a EBIT of $-0.23 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Modern Plant Based Foods.

Is Modern Plant Based Foods' EBIT too high?

Modern Plant Based Foods' current EBIT is $-0.23 Mil.

How does Modern Plant Based Foods' EBIT compare to KHC and GIS?

Modern Plant Based Foods' EBIT of $-0.23 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?

A good EBIT depends on the Consumer Packaged Goods 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 Modern Plant Based Foods. Modern Plant Based Foods's current EBIT is $-0.23 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Modern Plant Based Foods stock overvalued right now?

Based on GuruFocus' analysis, Modern Plant Based Foods (MDRNF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.08, compared to a current price of $0.05 — trading 34.8% below its estimated fair value. The current EBIT is $-0.23 Mil. 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 Modern Plant Based Foods (MDRNF), the current EBIT is $-0.23 Mil as of Feb. 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.

Modern Plant Based Foods Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSX:BABY TSXV:LFST XCNQ:CULT TSXV:VPI TSXV:CYF XCNQ:PSYC XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 SHSE:603288 NSE:NESTLEIND KHC SHSE:600887 SZSE:300999 GIS SGX:F34 LSE:ABF HKSE:00288 MEX:BIMBOA

Other Exchanges L3O0:Germany MEAT:Canada

Address 700 West Georgia Street, Suite 2500, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website https://www.modernfoods.ca

Modern Plant Based Foods Inc is a Canadian food company engaged in developing and selling plant-based meat alternatives made from plants. It offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company's product lineup includes the modern burgers, modern crabcakes, modern meatballs, modern crumbles, and sauces. It offers its products through various retail locations in the British Columbia Lower Mainland, as well as on e-commerce platforms. The company's revenue consists of sales of plant-based and health food products to wholesale and retail customers. Geographically, it derives the maximum revenue from Canada.