Gazprom PJSC (MIC:GAZP) EBIT: ₽-1,217,104 Mil (TTM As of Jun. 2023)

What is Gazprom PJSC EBIT?

Gazprom PJSC MIC:GAZP -3.82% 17 EBIT is ₽-1,217,104 Mil as of Jun. 2023. GuruFocus rates MIC:GAZP with a GF Score™ of 17/100.

Gazprom PJSC's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was ₽1,137,014 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-1,217,104 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gazprom PJSC's annualized ROC % for the quarter that ended in Jun. 2023 was 6.89%. Gazprom PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 11.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gazprom PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -12.45%.

Gazprom PJSC (MIC:GAZP) EBIT Explanation

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

Gazprom PJSC's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	1788680 * ( 1 - 8.21% )	/	( (23002895	+	24668090)	/ 2 )
=	1641829.372	/	23835492.5
=	6.89 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	26128929	-	1917935	-	( 1208099	-	max(0, 2900860	-	4620117	+	1208099	))
=	23002895

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	27501540	-	2132086	-	( 701364	-	max(0, 3148033	-	4134258	+	701364	))
=	24668090

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Gazprom PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2274028	/	( ( (18495190 + max(983842, 0))	+	(18640270 + max(1300808, 0)) )	/	2 )
=	2274028	/	( ( 19479032	+	19941078 )	/	2 )
=	2274028	/	19710055
=	11.54 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1256790	+	1056523	+	810534)	-	(1917935	+	0	+	222070)
=	983842

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1338309	+	1178418	+	916167)	-	(2132086	+	0	+	0)
=	1300808

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-1217104	/	9772430.600
	=	-12.45 %

* 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.

Gazprom PJSC EBIT Related Terms

Gazprom PJSC EBIT Historical Data

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The historical data trend for Gazprom PJSC's EBIT can be seen below:

Gazprom PJSC EBIT Chart

Gazprom PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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1,902,940.00

1,703,491.00

206,914.00

2,864,385.00

2,314,164.00

Gazprom PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															1,275,836.00	1,588,549.00	4,668,282.00	-2,354,118.00	1,137,014.00

MIC:GAZP vs XOM, CVX: EBIT Comparison

For the Oil & Gas Integrated subindustry, Gazprom PJSC'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.

Gazprom PJSC EV-to-EBIT vs Oil & Gas Industry

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

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

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17GF Score

Gazprom PJSC MIC:GAZP

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Gazprom PJSC 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽-1,217,104 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ₽-1,217,104 Mil mean?

Gazprom PJSC (MIC:GAZP) has a EBIT of ₽-1,217,104 Mil as of Jun. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gazprom PJSC.

Is Gazprom PJSC's EBIT too high?

Gazprom PJSC's current EBIT is ₽-1,217,104 Mil. Overall, Gazprom PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Gazprom PJSC's EBIT compare to XOM and CVX?

Gazprom PJSC's EBIT of ₽-1,217,104 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 Gazprom PJSC. Gazprom PJSC's current EBIT is ₽-1,217,104 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gazprom PJSC stock overvalued right now?

Gazprom PJSC (MIC:GAZP) has a current EBIT of ₽-1,217,104 Mil. The current EBIT is ₽-1,217,104 Mil. Gazprom PJSC's overall GF Score™ is 17/100. 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 Gazprom PJSC (MIC:GAZP), the current EBIT is ₽-1,217,104 Mil as of Jun. 2023. 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.

Gazprom PJSC Business Description

Industry Energy Oil & Gas

Comparable Companies MIC:SIBN MIC:LKOH MIC:SNGS MIC:BANE MIC:YAKG SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE HKSE:00386 LSE:BP.BSP:PETR3 OSL:EQNR ADX:ADNOCGAS TSX:SU MIL:ENI BOM:500312 TSX:CVE

Address St. Petersburg, 2/3 Lakhtinsky Avenue, Building No. 1, Moscow, RUS, 197229

Website https://www.gazprom.com

Gazprom PJSC is a Russian-based integrated oil and gas company in which the Russian government is a majority shareholder. Much of the business lies within the production, transportation, and distribution of natural gas. The company is a major gas supplier to European countries, with substantial gas pipelines throughout Western Russia and into Europe. While its oil segment is a smaller portion of revenue, the company is still integrated into the production, processing, and refinement of crude oil and refined products. Across both segments, the company produces its oil and gas from fields distributed across Russia, with end markets consisting mostly of Europe and Russia.

17GF Score

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₽98.02

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