NTOIF (Neste OYJ) EBIT: $1,249 Mil (TTM As of Mar. 2026)

What is Neste OYJ EBIT?

Neste OYJ NTOIF 74 EBIT is $1,249 Mil as of Mar. 2026. GuruFocus rates NTOIF with a GF Score™ of 74/100 and a GF Value™ of $21.00 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Neste OYJ's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $810 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,249 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Neste OYJ's annualized ROC % for the quarter that ended in Mar. 2026 was 16.72%. Neste OYJ's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Neste OYJ's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.48%.

Neste OYJ (OTCPK:NTOIF) EBIT Explanation

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

Neste OYJ'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 )
=	3126.012 * ( 1 - 19.97% )	/	( (14852.459	+	15070.52)	/ 2 )
=	2501.7474036	/	14961.4895
=	16.72 %

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	))
=	18441.452	-	1988.29	-	( 1600.703	-	max(0, 3612.412	-	6812.646	+	1600.703	))
=	14852.459

	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	))
=	20886.705	-	3917.919	-	( 1898.266	-	max(0, 5854.335	-	9284.393	+	1898.266	))
=	15070.52

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

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

Neste OYJ'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 )
=	3241.62	/	( ( (10432.084 + max(1834.894, 0))	+	(10397.688 + max(2120.231, 0)) )	/	2 )
=	3241.62	/	( ( 12266.978	+	12517.919 )	/	2 )
=	3241.62	/	12392.4485
=	26.16 %

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)
=	(1320.843	+	3389.93	+	185.011)	-	(1988.29	+	0	+	1072.6)
=	1834.894

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2404.624	+	3781.503	+	1200)	-	(3917.919	+	0	+	1347.977)
=	2120.231

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	1249.112	/	27855.255
	=	4.48 %

* 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.

Neste OYJ EBIT Related Terms

Neste OYJ EBIT Historical Data

* Premium members only.

The historical data trend for Neste OYJ's EBIT can be seen below:

Neste OYJ EBIT Chart

Neste OYJ Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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2,270.06

2,470.34

1,869.14

35.60

409.84

Neste OYJ 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															-24.87	-16.15	223.01	231.85	810.41

NTOIF vs VLO, MPC, PSX: EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.

Neste OYJ EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Neste OYJ's EV-to-EBIT distribution charts can be found below:

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

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74GF Score

Neste OYJ NTOIF

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Neste OYJ 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 $1,249 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $1,249 Mil mean?

Neste OYJ (NTOIF) has a EBIT of $1,249 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Neste OYJ.

Is Neste OYJ's EBIT too high?

Neste OYJ's current EBIT is $1,249 Mil. Overall, Neste OYJ has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Neste OYJ's EBIT compare to VLO and MPC?

Neste OYJ's EBIT of $1,249 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good EBIT depends on the Oil & Gas 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 Neste OYJ. Neste OYJ's current EBIT is $1,249 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Neste OYJ stock overvalued right now?

Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.00, compared to a current price of $30.85 — trading 46.9% above its estimated fair value. The current EBIT is $1,249 Mil. Neste OYJ's overall GF Score™ is 74/100 with 6 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 Neste OYJ (NTOIF), the current EBIT is $1,249 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 Neste OYJ (NTOIF) Overvalued in 2026?

Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued. The current stock price of $30.85 is trading 46.9% above its estimated GF Value™ of $21.00. GuruFocus considers Neste OYJ to be Significantly Overvalued.

Key valuation signals for NTOIF:

EBIT: $1,249 Mil
GF Value™: $21.00 vs. price of $30.85 (46.9% above fair value)
GF Score™: 74/100 with 6 warning signs

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

Neste OYJ Business Description

Industry Energy Oil & Gas

Comparable Companies NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ TSE:5020 NSE:IOC TPE:6505 XKRX:096770 BOM:500547 XKRX:267250 DINO SUN TSE:5019 IST:TUPRS BUD:MOL SAU:2380 NSE:HINDPETRO XKRX:010950 HKSE:00135

Other Exchanges NTOIY:USA 1NESTE:Italy NESTEh:UK 0O46:UK NESTE:Finland NEF:Germany

Address Keilaranta 21, Espoo, FIN, 02150

Website https://www.neste.com

Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.

74GF Score

Get the complete analysis for NTOIF

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

$30.85

Price

$21.00

GF Value

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