MSA (MSAfety) EBIT: $414 Mil (TTM As of Mar. 2026)


MSA MSA Safety Inc MSA
89 GF Score
Price $166.94
GF Value $186.84
Valuation Modestly Undervalued
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What is MSAfety EBIT?

MSAfety MSA +1.00% 89 EBIT is $414 Mil as of Mar. 2026. GuruFocus rates MSA with a GF Score™ of 89/100 and a GF Value™ of $186.84 (Modestly Undervalued).

MSAfety's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $101 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $414 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MSAfety's annualized ROC % for the quarter that ended in Mar. 2026 was 12.93%. MSAfety's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 52.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MSAfety's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.98%.


MSAfety  (NYSE:MSA) EBIT Explanation

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

MSAfety'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 )
=382.168 * ( 1 - 23.36% )/( (2264.292 + 2265.48)/ 2 )
=292.8935552/2264.886
=12.93 %

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))
=2554.374 - 125.015 - ( 165.067 - max(0, 289.211 - 869.292+165.067))
=2264.292

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))
=2563.986 - 118.348 - ( 180.158 - max(0, 281.267 - 891.672+180.158))
=2265.48

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

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

MSAfety'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 )
=402.78/( ( (339.993 + max(423.239, 0)) + (334.493 + max(438.321, 0)) )/ 2 )
=402.78/( ( 763.232 + 772.814 )/ 2 )
=402.78/768.023
=52.44 %

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)
=(306.452 + 343.035 + 54.738) - (125.015 + 0 + 155.971)
=423.239

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(325.011 + 352.314 + 34.189) - (118.348 + 0 + 154.845)
=438.321

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=414.108/6926.328
=5.98 %

* 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.


MSAfety EBIT Related Terms


MSAfety EBIT Historical Data

* Premium members only.

The historical data trend for MSAfety'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.

MSAfety EBIT Chart

MSAfety 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 34.36 260.19 253.42 411.90 398.20

MSAfety 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 84.78 90.86 100.87 121.68 100.70

MSA vs ADT, BCO, BRC: EBIT Comparison

For the Security & Protection Services subindustry, MSAfety'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.


MSAfety EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, MSAfety's EV-to-EBIT distribution charts can be found below:

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


MSA
89GF Score
MSA Safety Inc MSA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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MSAfety 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 $414 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 $414 Mil mean?
MSAfety (MSA) has a EBIT of $414 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MSAfety.
Is MSAfety's EBIT too high?
MSAfety's current EBIT is $414 Mil. Overall, MSAfety has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MSAfety's EBIT compare to ADT and BCO?
MSAfety's EBIT of $414 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 MSAfety. MSAfety's current EBIT is $414 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSAfety stock overvalued right now?
Based on GuruFocus' analysis, MSAfety (MSA) is currently considered Modestly Undervalued. The stock's GF Value™ is $186.84, compared to a current price of $166.94 — trading 10.7% below its estimated fair value. The current EBIT is $414 Mil. MSAfety's overall GF Score™ is 89/100. 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 MSAfety (MSA), the current EBIT is $414 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 MSAfety (MSA) Overvalued in 2026?

Based on GuruFocus' analysis, MSAfety stock appears to be undervalued. The current stock price of $166.94 is trading 10.7% below its estimated GF Value™ of $186.84. GuruFocus considers MSAfety to be Modestly Undervalued.

Key valuation signals for MSA:

  • EBIT: $414 Mil
  • GF Value™: $186.84 vs. price of $166.94 (10.7% below fair value)
  • GF Score™: 89/100

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


MSAfety Business Description

Other Exchanges M07:Germany
Address 1000 Cranberry Woods Drive, Cranberry Township, PA, USA, 16066-5207
MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The company's product offerings include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems, among others. The end markets for its products include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. The company has organized its business into four geographical operating segments that are aggregated into two reportable segments: Americas and International. The majority of its revenue is generated from the Americas segment, which is comprised of the company's operations in Northern North America and Latin America geographies.
89GF Score

Get the complete analysis for MSA

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

$166.94
Price
$186.84
GF Value