NIO (NIOIF) EBIT: $-1,053 Mil (TTM As of Mar. 2026)


NIOIF NIO Inc NIOIF
71 GF Score
Price $5.20
GF Value $8.17
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is NIO EBIT?

NIO NIOIF 71 EBIT is $-1,053 Mil as of Mar. 2026. GuruFocus rates NIOIF with a GF Score™ of 71/100 and a GF Value™ of $8.17 (Possible Value Trap). The stock has 3 warning signs investors should review.

NIO's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-1,053 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NIO's annualized ROC % for the quarter that ended in Mar. 2026 was -2.15%. NIO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NIO's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -8.07%.


NIO  (OTCPK:NIOIF) EBIT Explanation

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

NIO'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 )
=-179.228 * ( 1 - 0% )/( (8632.03 + 8026.525)/ 2 )
=-179.228/8329.2775
=-2.15 %

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))
=17662.579 - 9307.344 - ( 1655.494 - max(0, 11157.224 - 10880.429+1655.494))
=8632.03

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))
=18310.095 - 10176.726 - ( 4608.996 - max(0, 11404.923 - 11511.767+4608.996))
=8026.525

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

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

NIO'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 )
=-61.264/( ( (6170.121 + max(-3540.418, 0)) + (5329.926 + max(-5650.005, 0)) )/ 2 )
=-61.264/( ( 6170.121 + 5329.926 )/ 2 )
=-61.264/5750.0235
=-1.07 %

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)
=(197.985 + 1211.218 + 5103.722) - (9307.344 + 624.37 + 121.629)
=-3540.418

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(168.245 + 1244.862 + 3113.614) - (10176.726 + 0 + 0)
=-5650.005

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-1052.954/13051.570
=-8.07 %

* 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.


NIO EBIT Related Terms


NIO EBIT Historical Data

* Premium members only.

The historical data trend for NIO'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.

NIO EBIT Chart

NIO 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 -523.96 -2,015.12 -2,808.80 -2,970.34 -1,978.57

NIO 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 -896.71 -660.01 -449.35 71.72 -15.32

NIOIF vs LI, XPEV, VFS: EBIT Comparison

For the Auto Manufacturers subindustry, NIO'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.


NIO EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NIO's EV-to-EBIT distribution charts can be found below:

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


NIOIF
71GF Score
NIO Inc NIOIF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NIO 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 $-1,053 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 $-1,053 Mil mean?
NIO (NIOIF) has a EBIT of $-1,053 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NIO.
Is NIO's EBIT too high?
NIO's current EBIT is $-1,053 Mil. Overall, NIO has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NIO's EBIT compare to LI and XPEV?
NIO's EBIT of $-1,053 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 NIO. NIO's current EBIT is $-1,053 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIO stock overvalued right now?
Based on GuruFocus' analysis, NIO (NIOIF) is currently considered Possible Value Trap. The stock's GF Value™ is $8.17, compared to a current price of $5.20 — trading 36.4% below its estimated fair value. The current EBIT is $-1,053 Mil. NIO's overall GF Score™ is 71/100 with 3 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 NIO (NIOIF), the current EBIT is $-1,053 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 NIO (NIOIF) Overvalued in 2026?

Based on GuruFocus' analysis, NIO stock appears to be undervalued. The current stock price of $5.20 is trading 36.4% below its estimated GF Value™ of $8.17. GuruFocus considers NIO to be Possible Value Trap.

Key valuation signals for NIOIF:

  • EBIT: $-1,053 Mil
  • GF Value™: $8.17 vs. price of $5.20 (36.4% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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


NIO Business Description

Address No. 1355, Caobao Road, Building 19, Minhang District, Shanghai, CHN
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations, such as battery swapping and autonomous driving. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 326,000 EVs in 2025, accounting for about 2% of China's passenger new energy vehicle market.
71GF Score

Get the complete analysis for NIOIF

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

$5.20
Price
$8.17
GF Value