APA (MEX:AP A) EBIT: MXN57,029 Mil (TTM As of Mar. 2026)


MEX:AP A APA Corp MEX:AP A
59 GF Score
Price MXN590.00
GF Value MXN449.57
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is APA EBIT?

APA MEX:AP A 59 EBIT is MXN57,029 Mil as of Mar. 2026. GuruFocus rates MEX:AP A with a GF Score™ of 59/100 and a GF Value™ of MXN449.57 (Significantly Overvalued). The stock has 3 warning signs investors should review.

APA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN15,977 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN57,029 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. APA's annualized ROC % for the quarter that ended in Mar. 2026 was 15.73%. APA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. APA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.00%.


APA  (MEX:AP A) EBIT Explanation

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

APA'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 )
=72635.716 * ( 1 - 34.58% )/( (301091.316 + 302949.361)/ 2 )
=47518.2854072/302020.3385
=15.73 %

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))
=319799.238 - 26810.487 - ( 9290.941 - max(0, 46292.655 - 38190.09+9290.941))
=301091.316

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))
=326013.184 - 26706.429 - ( 5283.581 - max(0, 44919.456 - 41276.85+5283.581))
=302949.361

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

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

APA'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 )
=63907.888/( ( (229536.664 + max(-11811.739, 0)) + (231251.345 + max(-4309.816, 0)) )/ 2 )
=63907.888/( ( 229536.664 + 231251.345 )/ 2 )
=63907.888/230394.0045
=27.74 %

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)
=(19122.053 + 6320.001 + 3457.095) - (26810.487 + 0 + 13900.401)
=-11811.739

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26255.611 + 6022.922 + 3714.736) - (26706.429 + 0 + 13596.656)
=-4309.816

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=57029.107/300102.157
=19.00 %

* 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.


APA EBIT Related Terms


APA EBIT Historical Data

* Premium members only.

The historical data trend for APA'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.

APA EBIT Chart

APA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47,202.71 117,911.81 54,487.34 39,792.68 55,259.49

APA 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 17,389.47 20,674.46 10,474.54 9,903.14 15,976.97

MEX:AP A vs AR, OVV, PR: EBIT Comparison

For the Oil & Gas E&P subindustry, APA'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.


APA EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, APA's EV-to-EBIT distribution charts can be found below:

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


MEX:AP A
59GF Score
APA Corp MEX:AP A
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

APA 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 MXN57,029 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 MXN57,029 Mil mean?
APA (MEX:AP A) has a EBIT of MXN57,029 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on APA.
Is APA's EBIT too high?
APA's current EBIT is MXN57,029 Mil. Overall, APA has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APA's EBIT compare to AR and OVV?
APA's EBIT of MXN57,029 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good EBIT depends on the Oil & Gas 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 APA. APA's current EBIT is MXN57,029 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APA stock overvalued right now?
Based on GuruFocus' analysis, APA (MEX:AP A) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN449.57, compared to a current price of MXN590.00 — trading 31.2% above its estimated fair value. The current EBIT is MXN57,029 Mil. APA's overall GF Score™ is 59/100 with 3 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 APA (MEX:AP A), the current EBIT is MXN57,029 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 APA (MEX:AP A) Overvalued in 2026?

Based on GuruFocus' analysis, APA stock appears to be overvalued. The current stock price of MXN590.00 is trading 31.2% above its estimated GF Value™ of MXN449.57. GuruFocus considers APA to be Significantly Overvalued.

Key valuation signals for MEX:AP A:

  • EBIT: MXN57,029 Mil
  • GF Value™: MXN449.57 vs. price of MXN590.00 (31.2% above fair value)
  • GF Score™: 59/100 with 3 warning signs

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


APA Business Description

Industry EnergyOil & Gas
Address 2000 West Sam Houston Parkway South, Suite 200, Houston, TX, USA, 77042-3643
APA Corp is an independent exploration and production company. It develops and produces crude oil, natural gas, and natural gas liquids. The company's business has oil and gas operations in four segments: Egypt, the North Sea, Suriname, and the U.S. The company generates the majority of its revenue from the U.S. reporting segment. The company also has exploration interests in Uruguay, Alaska, and other international locations.
59GF Score

Get the complete analysis for MEX:AP A

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

MXN590.00
Price
MXN449.57
GF Value