East African Breweries (NAI:EABL) EBIT: KES28,313 Mil (TTM As of Dec. 2025)


NAI:EABL East African Breweries PLC NAI:EABL
86 GF Score
Price KES269.00
GF Value KES317.56
Valuation Modestly Undervalued
! 4 Warning Signs
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What is East African Breweries EBIT?

East African Breweries NAI:EABL +2.09% 86 EBIT is KES28,313 Mil as of Dec. 2025. GuruFocus rates NAI:EABL with a GF Score™ of 86/100 and a GF Value™ of KES317.56 (Modestly Undervalued). The stock has 4 warning signs investors should review.

East African Breweries's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was KES18,636 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was KES28,313 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. East African Breweries's annualized ROC % for the quarter that ended in Dec. 2025 was 27.29%. East African Breweries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 48.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. East African Breweries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.35%.


East African Breweries  (NAI:EABL) EBIT Explanation

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

East African Breweries'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 )
=37078 * ( 1 - 32.2% )/( (93207.67 + 91040)/ 2 )
=25138.884/92123.835
=27.29 %

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))
=131088.781 - 33021.418 - ( 12745.359 - max(0, 43792.355 - 48652.048+12745.359))
=93207.67

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:

East African Breweries'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 )
=37272/( ( (78259.736 + max(-6262.607, 0)) + (76593 + max(-4472, 0)) )/ 2 )
=37272/( ( 78259.736 + 76593 )/ 2 )
=37272/77426.368
=48.14 %

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)
=(11473.482 + 15870.967 + 4780.485) - (33021.418 + 0 + 5366.123)
=-6262.607

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20199 + 15194 + 3923) - (42997 + 0 + 791)
=-4472

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:

East African Breweries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=28313.157/249519.723
=11.35 %

* 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.


East African Breweries EBIT Related Terms


East African Breweries EBIT Historical Data

* Premium members only.

The historical data trend for East African Breweries'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.

East African Breweries EBIT Chart

East African Breweries Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14,897.72 28,352.84 24,191.60 24,733.65 25,266.16

East African Breweries Semi-Annual Data
Jun14 Dec14 Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Jun21 Jun22 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 14,114.00 10,619.65 15,589.00 9,677.16 18,636.00

NAI:EABL vs BUD, STZ, TAP: EBIT Comparison

For the Beverages - Brewers subindustry, East African Breweries'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.


East African Breweries EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, East African Breweries's EV-to-EBIT distribution charts can be found below:

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


NAI:EABL
86GF Score
East African Breweries PLC NAI:EABL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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East African Breweries 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 KES28,313 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 KES28,313 Mil mean?
East African Breweries (NAI:EABL) has a EBIT of KES28,313 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on East African Breweries.
Is East African Breweries' EBIT too high?
East African Breweries' current EBIT is KES28,313 Mil. Overall, East African Breweries has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does East African Breweries' EBIT compare to BUD and STZ?
East African Breweries' EBIT of KES28,313 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good EBIT depends on the Beverages - Alcoholic 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 East African Breweries. East African Breweries's current EBIT is KES28,313 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East African Breweries stock overvalued right now?
Based on GuruFocus' analysis, East African Breweries (NAI:EABL) is currently considered Modestly Undervalued. The stock's GF Value™ is KES317.56, compared to a current price of KES269.00 — trading 15.3% below its estimated fair value. The current EBIT is KES28,313 Mil. East African Breweries' overall GF Score™ is 86/100 with 4 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 East African Breweries (NAI:EABL), the current EBIT is KES28,313 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 East African Breweries (NAI:EABL) Overvalued in 2026?

Based on GuruFocus' analysis, East African Breweries stock appears to be undervalued. The current stock price of KES269.00 is trading 15.3% below its estimated GF Value™ of KES317.56. GuruFocus considers East African Breweries to be Modestly Undervalued.

Key valuation signals for NAI:EABL:

  • EBIT: KES28,313 Mil
  • GF Value™: KES317.56 vs. price of KES269.00 (15.3% below fair value)
  • GF Score™: 86/100 with 4 warning signs

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


East African Breweries Business Description

Address Corporate Centre, P.O. Box 30161, Block A, 5th Floor, Garden City Business Park, Ruaraka, Nairobi, KEN, 00100
East African Breweries PLC is a branded alcohol beverage company. The firm and its subsidiaries are involved in the marketing, production, and distribution of a collection of brands that range from beer, spirits, and adult non-alcoholic drinks. The company has invested in breweries, distilleries, support industries, and a distribution network across the region. The firm derives its revenue mainly from brewing, marketing, and selling of drinks, malt, and barley. Its geographical segments include Kenya, Uganda, and Tanzania, of which the majority of the revenue is generated from Kenya.
86GF Score

Get the complete analysis for NAI:EABL

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

KES269.00
Price
KES317.56
GF Value