Evolution AB (MEX:EVON) EBIT: MXN26,538 Mil (TTM As of Mar. 2026)


MEX:EVON Evolution AB MEX:EVON
99 GF Score
Price MXN1,485.00
GF Value MXN2,300.74
! 2 Warning Signs
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What is Evolution AB EBIT?

Evolution AB MEX:EVON 99 EBIT is MXN26,538 Mil as of Mar. 2026. GuruFocus rates MEX:EVON with a GF Score™ of 99/100 and a GF Value™ of MXN2,300.74. The stock has 2 warning signs investors should review.

Evolution AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN6,100 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN26,538 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evolution AB's annualized ROC % for the quarter that ended in Mar. 2026 was 27.30%. Evolution AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 423.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evolution AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.87%.


Evolution AB  (MEX:EVON) EBIT Explanation

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

Evolution AB'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 )
=24400.392 * ( 1 - 16.05% )/( (75985.551 + 74075.83)/ 2 )
=20484.129084/75030.6905
=27.30 %

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))
=116421.124 - 23189.929 - ( 17245.644 - max(0, 26384.338 - 43762.432+17245.644))
=75985.551

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))
=121912.372 - 25875.861 - ( 22665.353 - max(0, 28644.954 - 50605.635+22665.353))
=74075.83

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

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

Evolution AB'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 )
=24400.392/( ( (5545.798 + max(285.393, 0)) + (5693.518 + max(-1527.818, 0)) )/ 2 )
=24400.392/( ( 5831.191 + 5693.518 )/ 2 )
=24400.392/5762.3545
=423.44 %

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)
=(9424.761 + 224.249 + 16636.192) - (23189.929 + 0 + 2809.88)
=285.393

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9169.138 + 0 + 17577.317) - (25875.861 + 0 + 2398.412)
=-1527.818

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=26538.152/223607.518
=11.87 %

* 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.


Evolution AB EBIT Related Terms


Evolution AB EBIT Historical Data

* Premium members only.

The historical data trend for Evolution AB'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.

Evolution AB EBIT Chart

Evolution AB 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 15,073.53 18,818.66 21,354.20 31,562.95 26,396.42

Evolution AB 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 6,711.06 6,653.92 6,386.34 7,397.79 6,100.10

MEX:EVON vs FLUT, DKNG, LNWO: EBIT Comparison

For the Gambling subindustry, Evolution AB'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.


Evolution AB EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Evolution AB's EV-to-EBIT distribution charts can be found below:

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


MEX:EVON
99GF Score
Evolution AB MEX:EVON
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Evolution AB 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 MXN26,538 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 MXN26,538 Mil mean?
Evolution AB (MEX:EVON) has a EBIT of MXN26,538 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Evolution AB.
Is Evolution AB's EBIT too high?
Evolution AB's current EBIT is MXN26,538 Mil. Overall, Evolution AB has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does Evolution AB's EBIT compare to FLUT and DKNG?
Evolution AB's EBIT of MXN26,538 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Evolution AB. Evolution AB's current EBIT is MXN26,538 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution AB stock overvalued right now?
Evolution AB (MEX:EVON) has a current EBIT of MXN26,538 Mil. The stock's GF Value™ is MXN2,300.74, compared to a current price of MXN1,485.00 — trading 35.5% below its estimated fair value. The current EBIT is MXN26,538 Mil. Evolution AB's overall GF Score™ is 99/100 with 2 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 Evolution AB (MEX:EVON), the current EBIT is MXN26,538 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 Evolution AB (MEX:EVON) Overvalued in 2026?

Based on GuruFocus' analysis, Evolution AB stock appears to be undervalued. The current stock price of MXN1,485.00 is trading 35.5% below its estimated GF Value™ of MXN2,300.74.

Key valuation signals for MEX:EVON:

  • EBIT: MXN26,538 Mil
  • GF Value™: MXN2,300.74 vs. price of MXN1,485.00 (35.5% below fair value)
  • GF Score™: 99/100 with 2 warning signs

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


Evolution AB Business Description

Address Hamngatan 11, Stockholm, SWE, 111 47
Evolution AB develops, produces, markets, and licenses fully integrated live casino and slots solutions to gaming operators. In live casino, a game presenter (dealer) runs the game from a casino table, which is followed in real time via a video stream, while players place bets on devices such as computers, smartphones, and tablets. Its games include Live Casino, Slots, Game Shows, First Person, Live Blackjack, Live Roulette, Live Baccarat, Super Sic Bo & Dragon Tiger, Live Poker, and Land-Based games. The Company innovates, develops, and produces online casino content on a B2B basis and generates maximum revenue from Europe, followed by North America and other regions.
99GF Score

Get the complete analysis for MEX:EVON

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

MXN1,485.00
Price
MXN2,300.74
GF Value