Technogym SpA (MIL:TGYM) EBIT: €161 Mil (TTM As of Dec. 2025)


MIL:TGYM Technogym SpA MIL:TGYM
93 GF Score
Price €15.28
GF Value €12.69
Valuation Modestly Overvalued
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What is Technogym SpA EBIT?

Technogym SpA MIL:TGYM -0.46% 93 EBIT is €161 Mil as of Dec. 2025. GuruFocus rates MIL:TGYM with a GF Score™ of 93/100 and a GF Value™ of €12.69 (Modestly Overvalued).

Technogym SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €161 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Technogym SpA's annualized ROC % for the quarter that ended in Dec. 2025 was 30.95%. Technogym SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 97.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Technogym SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.57%.

Technogym SpA  (MIL:TGYM) EBIT Explanation

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

Technogym SpA's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=218.332 * ( 1 - 28.52% )/( (522.642 + 485.891)/ 2 )
=156.0637136/504.2665
=30.95 %

where

Invested Capital(Q: Jun. 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))
=768.561 - 198.148 - ( 166.239 - max(0, 401.197 - 448.968+166.239))
=522.642

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))
=835.953 - 243.701 - ( 214.717 - max(0, 391.394 - 497.755+214.717))
=485.891

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Technogym SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=190.828/( ( (185.047 + max(-76.267, 0)) + (205.912 + max(-121.618, 0)) )/ 2 )
=190.828/( ( 185.047 + 205.912 )/ 2 )
=190.828/195.4795
=97.62 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(98.778 + 130.435 + 53.516) - (198.148 + 0 + 160.848)
=-76.267

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(131.812 + 111.97 + 12.206) - (243.701 + 0 + 133.905)
=-121.618

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=160.985/2891.155
=5.57 %

* 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.

Technogym SpA EBIT Related Terms

Technogym SpA EBIT Historical Data

* Premium members only.

The historical data trend for Technogym 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.

Technogym SpA EBIT Chart

Technogym SpA 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 80.60 84.14 101.14 123.88 160.99

Technogym SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 50.67 48.11 75.78 65.57 95.41

MIL:TGYM vs AS, HAS, LTH: EBIT Comparison

For the Leisure subindustry, Technogym 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.

Technogym SpA EV-to-EBIT vs Travel & Leisure Industry

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

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


MIL:TGYM
93GF Score
Technogym SpA MIL:TGYM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Technogym 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €161 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 €161 Mil mean?
Technogym SpA (MIL:TGYM) has a EBIT of €161 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Technogym SpA.
Is Technogym SpA's EBIT too high?
Technogym SpA's current EBIT is €161 Mil. Overall, Technogym SpA has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Technogym SpA's EBIT compare to AS and HAS?
Technogym SpA's EBIT of €161 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 Technogym SpA. Technogym SpA's current EBIT is €161 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technogym SpA stock overvalued right now?
Based on GuruFocus' analysis, Technogym SpA (MIL:TGYM) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.69, compared to a current price of €15.28 — trading 20.4% above its estimated fair value. The current EBIT is €161 Mil. Technogym SpA's overall GF Score™ is 93/100. 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 Technogym SpA (MIL:TGYM), the current EBIT is €161 Mil as of Dec. 2025. 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 Technogym SpA (MIL:TGYM) Overvalued in 2026?

Based on GuruFocus' analysis, Technogym SpA stock appears to be overvalued. The current stock price of €15.28 is trading 20.4% above its estimated GF Value™ of €12.69. GuruFocus considers Technogym SpA to be Modestly Overvalued.

Key valuation signals for MIL:TGYM:

  • EBIT: €161 Mil
  • GF Value™: €12.69 vs. price of €15.28 (20.4% above fair value)
  • GF Score™: 93/100

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

Technogym SpA Business Description

Address Via Calcinaro, 2861, Cesena, ITA, 47521
Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to the specific needs of end users and professional operators. The company offers a range of wellness, physical exercise, and rehabilitation solutions to the segments of the fitness equipment market and the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, Americas, MEIA, and Italy.
93GF Score

Get the complete analysis for MIL:TGYM

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

€15.28
Price
€12.69
GF Value