SBE-Varvit SpA (MIL:VARV) EBIT: €49.1 Mil (TTM As of Dec. 2025)


MIL:VARV SBE-Varvit SpA MIL:VARV
21 GF Score
Price €7.35
! 1 Warning Sign
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What is SBE-Varvit SpA EBIT?

SBE-Varvit SpA MIL:VARV 21 EBIT is €49.1 Mil as of Dec. 2025. GuruFocus rates MIL:VARV with a GF Score™ of 21/100. The stock has 1 warning sign investors should review.

SBE-Varvit SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €23.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €49.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SBE-Varvit SpA's annualized ROC % for the quarter that ended in Dec. 2025 was 9.22%. SBE-Varvit SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SBE-Varvit SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.86%.

SBE-Varvit SpA  (MIL:VARV) EBIT Explanation

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

SBE-Varvit 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 )
=47.966 * ( 1 - 25.94% )/( (390.73 + 379.733)/ 2 )
=35.5236196/385.2315
=9.22 %

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))
=545.469 - 69.962 - ( 84.777 - max(0, 90.676 - 323.805+84.777))
=390.73

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))
=573.564 - 72.618 - ( 121.213 - max(0, 92.624 - 352.389+121.213))
=379.733

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:

SBE-Varvit 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 )
=47.034/( ( (201.979 + max(156.936, 0)) + (201.775 + max(151.111, 0)) )/ 2 )
=47.034/( ( 358.915 + 352.886 )/ 2 )
=47.034/355.9005
=13.22 %

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)
=(89.808 + 141.435 + 7.514) - (69.962 + 0 + 11.859)
=156.936

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.536 + 154.31 + 6.853) - (72.618 + 0 + 11.97)
=151.111

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=49.135/554.633
=8.86 %

* 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.

SBE-Varvit SpA EBIT Related Terms

SBE-Varvit SpA EBIT Historical Data

* Premium members only.

The historical data trend for SBE-Varvit 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.

SBE-Varvit SpA EBIT Chart

SBE-Varvit SpA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
44.64 72.01 62.03 46.92 49.14

SBE-Varvit SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only 19.26 29.70 17.22 25.62 23.52

MIL:VARV vs SNA, RBC, LECO: EBIT Comparison

For the Tools & Accessories subindustry, SBE-Varvit 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.

SBE-Varvit SpA EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SBE-Varvit SpA's EV-to-EBIT distribution charts can be found below:

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


MIL:VARV
21GF Score
SBE-Varvit SpA MIL:VARV
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SBE-Varvit 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 €49.1 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 €49.1 Mil mean?
SBE-Varvit SpA (MIL:VARV) has a EBIT of €49.1 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SBE-Varvit SpA.
Is SBE-Varvit SpA's EBIT too high?
SBE-Varvit SpA's current EBIT is €49.1 Mil. Overall, SBE-Varvit SpA has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does SBE-Varvit SpA's EBIT compare to SNA and RBC?
SBE-Varvit SpA's EBIT of €49.1 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good EBIT depends on the Industrial Products 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 SBE-Varvit SpA. SBE-Varvit SpA's current EBIT is €49.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBE-Varvit SpA stock overvalued right now?
SBE-Varvit SpA (MIL:VARV) has a current EBIT of €49.1 Mil. The current EBIT is €49.1 Mil. SBE-Varvit SpA's overall GF Score™ is 21/100 with 1 warning sign 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 SBE-Varvit SpA (MIL:VARV), the current EBIT is €49.1 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.

SBE-Varvit SpA Business Description

Address Via Lazzaretti 2/A, Reggio Emilia, ITA, 42122
SBE-Varvit SpA is a company involved in the production of fasteners and mechanical fastening joints of fundamental importance for many industrial sectors. It serves various sectors by offering products including screws, nuts, and cold-pressed products, of which a majority are manufactured internally, at its fully verticalized production facilities. The company operates in a single segment, which is the production and sale of screws, bolts, and other mechanical components. Geographically, it generates maximum revenue from Italy and the rest from the United States, Germany, Spain, France, and other countries.
21GF Score

Get the complete analysis for MIL:VARV

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

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