NSBBF (NorthStar Gaming Holdings) EBIT: $-11.97 Mil (TTM As of Sep. 2025)


What is NorthStar Gaming Holdings EBIT?

NorthStar Gaming Holdings NSBBF EBIT is $-11.97 Mil as of Sep. 2025. The stock has 4 warning signs investors should review.

NorthStar Gaming Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2025 was $-2.96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was $-11.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NorthStar Gaming Holdings's annualized ROC % for the quarter that ended in Sep. 2025 was -76.35%. NorthStar Gaming Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -50,314.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NorthStar Gaming Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -42.89%.

NorthStar Gaming Holdings  (OTCPK:NSBBF) EBIT Explanation

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

NorthStar Gaming Holdings's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-6.088 * ( 1 - 0% )/( (8.003 + 7.945)/ 2 )
=-6.088/7.974
=-76.35 %

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))
=16.086 - 4.353 - ( 6.234 - max(0, 10.254 - 13.984+6.234))
=8.003

Invested Capital(Q: Sep. 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))
=13.244 - 4.192 - ( 4.175 - max(0, 10.098 - 11.205+4.175))
=7.945

Note: The Operating Income data used here is four times the quarterly (Sep. 2025) data.

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

NorthStar Gaming Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11.824/( ( (0.025 + max(-1.851, 0)) + (0.022 + max(-2.53, 0)) )/ 2 )
=-11.824/( ( 0.025 + 0.022 )/ 2 )
=-11.824/0.0235
=-50,314.89 %

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)
=(1.381 + 0 + 6.227) - (4.353 + 0 + 5.106)
=-1.851

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.501 + 0 + 5.282) - (4.192 + 0 + 5.121)
=-2.53

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

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

NorthStar Gaming Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=-11.974/27.916
=-42.89 %

* 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.

NorthStar Gaming Holdings EBIT Related Terms

NorthStar Gaming Holdings EBIT Historical Data

* Premium members only.

The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings EBIT Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23 Dec24
EBIT
0.00 -20.42 -13.05

NorthStar Gaming Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.64 -2.21 -4.00 -2.81 -2.96

NSBBF vs FLUT, DKNG, SGHC: EBIT Comparison

For the Gambling subindustry, NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, NorthStar Gaming Holdings's EV-to-EBIT distribution charts can be found below:

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


NorthStar Gaming Holdings 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 Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.97 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 $-11.97 Mil mean?
NorthStar Gaming Holdings (NSBBF) has a EBIT of $-11.97 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NorthStar Gaming Holdings.
Is NorthStar Gaming Holdings' EBIT too high?
NorthStar Gaming Holdings' current EBIT is $-11.97 Mil.
How does NorthStar Gaming Holdings' EBIT compare to FLUT and DKNG?
NorthStar Gaming Holdings' EBIT of $-11.97 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 NorthStar Gaming Holdings. NorthStar Gaming Holdings's current EBIT is $-11.97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorthStar Gaming Holdings stock overvalued right now?
NorthStar Gaming Holdings (NSBBF) has a current EBIT of $-11.97 Mil. The current EBIT is $-11.97 Mil. 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 NorthStar Gaming Holdings (NSBBF), the current EBIT is $-11.97 Mil as of Sep. 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.

NorthStar Gaming Holdings Business Description

Other Exchanges BET:Canada
Address 220 King Street West, Suite 200, Toronto, ON, CAN, M5H 1K4
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. The company earns revenues from two main sources: gaming revenues for its online casino and sports betting operations; and managed services revenues.