Traton SE (MIL:18TRA) EBIT: €2,301 Mil (TTM As of Mar. 2026)


MIL:18TRA Traton SE MIL:18TRA
50 GF Score
Price €34.70
GF Value €27.87
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Traton SE EBIT?

Traton SE MIL:18TRA 50 EBIT is €2,301 Mil as of Mar. 2026. GuruFocus rates MIL:18TRA with a GF Score™ of 50/100 and a GF Value™ of €27.87 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Traton SE's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €427 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €2,301 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Traton SE's annualized ROC % for the quarter that ended in Mar. 2026 was 0.51%. Traton SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Traton SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.81%.

Traton SE  (MIL:18TRA) EBIT Explanation

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

Traton SE'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 )
=448 * ( 1 - 27.04% )/( (63180 + 64146)/ 2 )
=326.8608/63663
=0.51 %

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))
=68202 - 6494 - ( 3380 - max(0, 24655 - 23183+3380))
=63180

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))
=69437 - 6280 - ( 3005 - max(0, 24680 - 23691+3005))
=64146

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

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

Traton SE'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 )
=1708/( ( (15379 + max(4925, 0)) + (15387 + max(-5732, 0)) )/ 2 )
=1708/( ( 20304 + 15387 )/ 2 )
=1708/17845.5
=9.57 %

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)
=(8049 + 6980 + 4563) - (6494 + 0 + 8173)
=4925

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10775 + 7731 + 442) - (6280 + 0 + 18400)
=-5732

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2301/39596.000
=5.81 %

* 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.

Traton SE EBIT Related Terms

Traton SE EBIT Historical Data

* Premium members only.

The historical data trend for Traton SE'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.

Traton SE EBIT Chart

Traton SE Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 996.00 2,019.00 4,140.00 4,376.00 2,680.00

Traton SE 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 806.00 502.00 629.00 743.00 427.00

MIL:18TRA vs CAT, DE, PCAR: EBIT Comparison

For the Farm & Heavy Construction Machinery subindustry, Traton SE'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.

Traton SE EV-to-EBIT vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Traton SE's EV-to-EBIT distribution charts can be found below:

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


MIL:18TRA
50GF Score
Traton SE MIL:18TRA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Traton SE 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 €2,301 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 €2,301 Mil mean?
Traton SE (MIL:18TRA) has a EBIT of €2,301 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Traton SE.
Is Traton SE's EBIT too high?
Traton SE's current EBIT is €2,301 Mil. Overall, Traton SE has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Traton SE's EBIT compare to CAT and DE?
Traton SE's EBIT of €2,301 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good EBIT depends on the Farm & Heavy Construction Machinery 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 Traton SE. Traton SE's current EBIT is €2,301 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Traton SE stock overvalued right now?
Based on GuruFocus' analysis, Traton SE (MIL:18TRA) is currently considered Modestly Overvalued. The stock's GF Value™ is €27.87, compared to a current price of €34.70 — trading 24.5% above its estimated fair value. The current EBIT is €2,301 Mil. Traton SE's overall GF Score™ is 50/100 with 9 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 Traton SE (MIL:18TRA), the current EBIT is €2,301 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 Traton SE (MIL:18TRA) Overvalued in 2026?

Based on GuruFocus' analysis, Traton SE stock appears to be overvalued. The current stock price of €34.70 is trading 24.5% above its estimated GF Value™ of €27.87. GuruFocus considers Traton SE to be Modestly Overvalued.

Key valuation signals for MIL:18TRA:

  • EBIT: €2,301 Mil
  • GF Value™: €27.87 vs. price of €34.70 (24.5% above fair value)
  • GF Score™: 50/100 with 9 warning signs

No single metric tells the full story. See the MIL:18TRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Traton SE Business Description

Address Hanauer Strasse 26, Munich, BY, DEU, 80992
Traton SE is the parent and holding company of the TRATON GROUP, one of the world's commercial vehicle manufacturers, with its brands Scania, MAN, International, and Volkswagen Truck and Bus. The Group's product portfolio comprises trucks, buses, and light-duty commercial vehicles. Transforming Transportation Together. For a sustainable world, this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth.
50GF Score

Get the complete analysis for MIL:18TRA

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

€34.70
Price
€27.87
GF Value