NZX (NZSE:NZX) EBIT: NZ$33.5 Mil (TTM As of Dec. 2025)


NZSE:NZX NZX Ltd NZSE:NZX
91 GF Score
Price NZ$1.41
GF Value NZ$1.56
Valuation Modestly Undervalued
! 5 Warning Signs
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What is NZX EBIT?

NZX NZSE:NZX +0.71% 91 EBIT is NZ$33.5 Mil as of Dec. 2025. GuruFocus rates NZSE:NZX with a GF Score™ of 91/100 and a GF Value™ of NZ$1.56 (Modestly Undervalued). The stock has 5 warning signs investors should review.

NZX's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was NZ$19.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NZ$33.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NZX's annualized ROC % for the quarter that ended in Dec. 2025 was 10.39%. NZX's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 165.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NZX's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.80%.


NZX  (NZSE:NZX) EBIT Explanation

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

NZX'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 )
=33.614 * ( 1 - 25.73% )/( (238.794 + 241.66)/ 2 )
=24.9651178/240.227
=10.39 %

where

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:

NZX'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 )
=39.296/( ( (23.938 + max(-3.201, 0)) + (23.688 + max(-27.554, 0)) )/ 2 )
=39.296/( ( 23.938 + 23.688 )/ 2 )
=39.296/23.813
=165.02 %

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)
=(35.351 + 0 + 28.433) - (11.096 + 0 + 55.889)
=-3.201

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.876 + 0 + 29.888) - (9.012 + 16.371 + 35.935)
=-27.554

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=33.476/492.339
=6.80 %

* 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.


NZX EBIT Related Terms


NZX EBIT Historical Data

* Premium members only.

The historical data trend for NZX'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.

NZX EBIT Chart

NZX 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 23.90 21.92 24.39 38.34 33.48

NZX Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 11.87 21.29 17.05 13.83 19.65

NZSE:NZX vs SPGI, CME, MCO: EBIT Comparison

For the Financial Data & Stock Exchanges subindustry, NZX'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.


NZX EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, NZX's EV-to-EBIT distribution charts can be found below:

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


NZSE:NZX
91GF Score
NZX Ltd NZSE:NZX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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NZX 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 NZ$33.5 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 NZ$33.5 Mil mean?
NZX (NZSE:NZX) has a EBIT of NZ$33.5 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NZX.
Is NZX's EBIT too high?
NZX's current EBIT is NZ$33.5 Mil. Overall, NZX has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NZX's EBIT compare to SPGI and CME?
NZX's EBIT of NZ$33.5 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 NZX. NZX's current EBIT is NZ$33.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NZX stock overvalued right now?
Based on GuruFocus' analysis, NZX (NZSE:NZX) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$1.56, compared to a current price of NZ$1.41 — trading 9.6% below its estimated fair value. The current EBIT is NZ$33.5 Mil. NZX's overall GF Score™ is 91/100 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 NZX (NZSE:NZX), the current EBIT is NZ$33.5 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 NZX (NZSE:NZX) Overvalued in 2026?

Based on GuruFocus' analysis, NZX stock appears to be undervalued. The current stock price of NZ$1.41 is trading 9.6% below its estimated GF Value™ of NZ$1.56. GuruFocus considers NZX to be Modestly Undervalued.

Key valuation signals for NZSE:NZX:

  • EBIT: NZ$33.5 Mil
  • GF Value™: NZ$1.56 vs. price of NZ$1.41 (9.6% below fair value)
  • GF Score™: 91/100 with 5 warning signs

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


NZX Business Description

Other Exchanges NZSTF:USA5NZ:Germany
Address 11 Cable Street, Level 2, NZX Centre, PO Box 2959, Wellington, NZL, 6011
NZX Ltd operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of its markets, it provides trading, clearing, settlement, depository, and information services for its customers. The company also owns Smart, New Zealand issuer of listed Exchange Traded Funds (ETFs); KiwiSaver, investment, superannuation and insurance provider SuperLife; and diversified fund manager QuayStreet Asset Management. Its segments include Markets, Funds Management (Smart), Wealth Technologies, and Corporate. It derives majority of the revenue from Markets segment which includes Capital Markets Origination, Secondary Markets, and Information Services.
91GF Score

Get the complete analysis for NZSE:NZX

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

NZ$1.41
Price
NZ$1.56
GF Value