Lottomatica Group SpA (MIL:LTMC) EBIT: €537 Mil (TTM As of Mar. 2026)


MIL:LTMC Lottomatica Group SpA MIL:LTMC
82 GF Score
Price €25.16
GF Value €17.69
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Lottomatica Group SpA EBIT?

Lottomatica Group SpA MIL:LTMC -0.40% 82 EBIT is €537 Mil as of Mar. 2026. GuruFocus rates MIL:LTMC with a GF Score™ of 82/100 and a GF Value™ of €17.69 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Lottomatica Group SpA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €134 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €537 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lottomatica Group SpA's annualized ROC % for the quarter that ended in Mar. 2026 was 12.47%. Lottomatica Group SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 237.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lottomatica Group SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.79%.


Lottomatica Group SpA  (MIL:LTMC) EBIT Explanation

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

Lottomatica Group SpA'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 )
=595.584 * ( 1 - 31.46% )/( (3285.502 + 3259.294)/ 2 )
=408.2132736/3272.398
=12.47 %

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))
=3502.869 - 634.738 - ( 145.079 - max(0, 825.986 - 408.615+145.079))
=3285.502

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))
=3461.207 - 590.574 - ( 120.655 - max(0, 777.154 - 388.493+120.655))
=3259.294

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

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

Lottomatica Group SpA'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 )
=536.08/( ( (229.578 + max(-582.82, 0)) + (221.621 + max(-531.898, 0)) )/ 2 )
=536.08/( ( 229.578 + 221.621 )/ 2 )
=536.08/225.5995
=237.62 %

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)
=(74.07 + 1.63 + 141.704) - (634.738 + 0 + 165.486)
=-582.82

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(65.637 + 1.486 + 151.662) - (590.574 + 0 + 160.109)
=-531.898

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:

Lottomatica Group SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=536.709/7904.363
=6.79 %

* 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.


Lottomatica Group SpA EBIT Related Terms


Lottomatica Group SpA EBIT Historical Data

* Premium members only.

The historical data trend for Lottomatica Group SpA'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.

Lottomatica Group SpA EBIT Chart

Lottomatica Group SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 33.21 252.42 351.77 386.24 462.86

Lottomatica Group SpA Quarterly Data
Dec20 Dec21 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 114.42 115.60 86.98 200.11 134.02

MIL:LTMC vs FLUT, DKNG, LNWO: EBIT Comparison

For the Gambling subindustry, Lottomatica Group SpA'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.


Lottomatica Group SpA EV-to-EBIT vs Travel & Leisure Industry

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

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


MIL:LTMC
82GF Score
Lottomatica Group SpA MIL:LTMC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Lottomatica Group SpA 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 €537 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 €537 Mil mean?
Lottomatica Group SpA (MIL:LTMC) has a EBIT of €537 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Lottomatica Group SpA.
Is Lottomatica Group SpA's EBIT too high?
Lottomatica Group SpA's current EBIT is €537 Mil. Overall, Lottomatica Group SpA has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lottomatica Group SpA's EBIT compare to FLUT and DKNG?
Lottomatica Group SpA's EBIT of €537 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 Lottomatica Group SpA. Lottomatica Group SpA's current EBIT is €537 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lottomatica Group SpA stock overvalued right now?
Based on GuruFocus' analysis, Lottomatica Group SpA (MIL:LTMC) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.69, compared to a current price of €25.16 — trading 42.2% above its estimated fair value. The current EBIT is €537 Mil. Lottomatica Group SpA's overall GF Score™ is 82/100 with 8 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 Lottomatica Group SpA (MIL:LTMC), the current EBIT is €537 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 Lottomatica Group SpA (MIL:LTMC) Overvalued in 2026?

Based on GuruFocus' analysis, Lottomatica Group SpA stock appears to be overvalued. The current stock price of €25.16 is trading 42.2% above its estimated GF Value™ of €17.69. GuruFocus considers Lottomatica Group SpA to be Significantly Overvalued.

Key valuation signals for MIL:LTMC:

  • EBIT: €537 Mil
  • GF Value™: €17.69 vs. price of €25.16 (42.2% above fair value)
  • GF Score™: 82/100 with 8 warning signs

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


Lottomatica Group SpA Business Description

Address Via degli Aldobrandeschi, 300, Rome, ITA, 00163
Lottomatica Group SpA is an operator on the gaming market authorized by the Customs and Monopolies Agency. The group operates in various sectors namely Online (sports betting and online games); Betting (sports bets and games on a physical network); Gaming (AWP and VLT entertainment machines, direct management of gaming halls and proprietary AWPs) and d VLT (video lottery terminals) entertainment device networks and management of owned gaming halls and AWPs (Gaming Franchise).
82GF Score

Get the complete analysis for MIL:LTMC

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

€25.16
Price
€17.69
GF Value