Royal Exchange (NSA:ROYALEX) EBIT: ₦924.0 Mil (TTM As of Dec. 2025)


NSA:ROYALEX Royal Exchange PLC NSA:ROYALEX
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What is Royal Exchange EBIT?

Royal Exchange NSA:ROYALEX -9.66% 9 EBIT is ₦924.0 Mil as of Dec. 2025. GuruFocus rates NSA:ROYALEX with a GF Score™ of 9/100. The stock has 5 warning signs investors should review.

Royal Exchange's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was ₦924.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was ₦924.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Royal Exchange's annualized ROC % for the quarter that ended in Dec. 2025 was -4.70%. Royal Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 906.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Royal Exchange's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.10%.

Royal Exchange  (NSA:ROYALEX) EBIT Explanation

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

Royal Exchange'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: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-414.079 * ( 1 - 0% )/( (7473.771 + 10145.803)/ 2 )
=-414.079/8809.787
=-4.70 %

where

Invested Capital(Q: Dec. 2024 )
=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))
=9205.074 - 573.616 - ( 1157.687 - max(0, 672.662 - 2367.412+1157.687))
=7473.771

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))
=12155.236 - 355.854 - ( 2326.294 - max(0, 2014.14 - 3667.719+2326.294))
=10145.803

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

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

Royal Exchange'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: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=924.032/( ( (20.455 + max(-397.922, 0)) + (183.432 + max(-1745.272, 0)) )/ 2 )
=924.032/( ( 20.455 + 183.432 )/ 2 )
=924.032/101.9435
=906.42 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 274.74) - (573.616 + 0 + 99.046)
=-397.922

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 268.868) - (355.854 + 0 + 1658.286)
=-1745.272

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=924.032/10150.127
=9.10 %

* 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.

Royal Exchange EBIT Related Terms

Royal Exchange EBIT Historical Data

* Premium members only.

The historical data trend for Royal Exchange'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.

Royal Exchange EBIT Chart

Royal Exchange 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 245.08 -148.33 -201.99 1,029.04 924.03

Royal Exchange Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 245.08 -148.33 -201.99 1,029.04 924.03

NSA:ROYALEX vs BRK.A, AIG, HIG: EBIT Comparison

For the Insurance - Diversified subindustry, Royal Exchange'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.

Royal Exchange EV-to-EBIT vs Insurance Industry

For the Insurance industry and Financial Services sector, Royal Exchange's EV-to-EBIT distribution charts can be found below:

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


NSA:ROYALEX
9GF Score
Royal Exchange PLC NSA:ROYALEX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Royal Exchange 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was ₦924.0 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 ₦924.0 Mil mean?
Royal Exchange (NSA:ROYALEX) has a EBIT of ₦924.0 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Royal Exchange.
Is Royal Exchange's EBIT too high?
Royal Exchange's current EBIT is ₦924.0 Mil. Overall, Royal Exchange has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Royal Exchange's EBIT compare to BRK.A and AIG?
Royal Exchange's EBIT of ₦924.0 Mil can be compared against companies in the Insurance 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 Insurance company?
A good EBIT depends on the Insurance 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 Royal Exchange. Royal Exchange's current EBIT is ₦924.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Exchange stock overvalued right now?
Royal Exchange (NSA:ROYALEX) has a current EBIT of ₦924.0 Mil. The current EBIT is ₦924.0 Mil. Royal Exchange's overall GF Score™ is 9/100 with 5 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 Royal Exchange (NSA:ROYALEX), the current EBIT is ₦924.0 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.

Royal Exchange Business Description

Address 3b Sir Samuel Manuwa Street, Off Bishop Aboyade Cole, Victoria Island, Lagos, NGA, 106104
Royal Exchange PLC principal activities are general insurance, health insurance, and credit financing, with segments including Life Insurance, Healthcare, and Credit Financing.
9GF Score

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

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