Property For Industry (NZSE:PFI) EBIT: NZ$175.7 Mil (TTM As of Dec. 2025)


NZSE:PFI Property For Industry Ltd NZSE:PFI
81 GF Score
Price NZ$2.42
GF Value NZ$2.33
Valuation Fairly Valued
! 8 Warning Signs
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What is Property For Industry EBIT?

Property For Industry NZSE:PFI 81 EBIT is NZ$175.7 Mil as of Dec. 2025. GuruFocus rates NZSE:PFI with a GF Score™ of 81/100 and a GF Value™ of NZ$2.33 (Fairly Valued). The stock has 8 warning signs investors should review.

Property For Industry's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was NZ$71.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NZ$175.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Property For Industry's annualized ROC % for the quarter that ended in Dec. 2025 was 4.07%. Property For Industry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5,194.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Property For Industry's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.86%.


Property For Industry  (NZSE:PFI) EBIT Explanation

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

Property For Industry'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 )
=109.434 * ( 1 - 14.36% )/( (2286.106 + 2321.997)/ 2 )
=93.7192776/2304.0515
=4.07 %

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:

Property For Industry'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 )
=142.65/( ( (2.853 + max(-19.118, 0)) + (2.639 + max(-17.444, 0)) )/ 2 )
=142.65/( ( 2.853 + 2.639 )/ 2 )
=142.65/2.746
=5,194.83 %

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)
=(1.717 + 0 + 2.388) - (18.336 + 4.547 + 0.34)
=-19.118

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.511 + 0 + 0.093999999999999) - (19.023 + 4.21 + 0.81600000000002)
=-17.444

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:

Property For Industry's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=175.71/1982.489
=8.86 %

* 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.


Property For Industry EBIT Related Terms


Property For Industry EBIT Historical Data

* Premium members only.

The historical data trend for Property For Industry'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.

Property For Industry EBIT Chart

Property For Industry Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 153.93 492.93 18.11 -69.60 151.40

Property For Industry 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 -52.72 40.08 47.02 104.39 71.33

NZSE:PFI vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, Property For Industry'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.


Property For Industry EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Property For Industry's EV-to-EBIT distribution charts can be found below:

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


NZSE:PFI
81GF Score
Property For Industry Ltd NZSE:PFI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Property For Industry 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$175.7 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$175.7 Mil mean?
Property For Industry (NZSE:PFI) has a EBIT of NZ$175.7 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Property For Industry.
Is Property For Industry's EBIT too high?
Property For Industry's current EBIT is NZ$175.7 Mil. Overall, Property For Industry has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's EBIT compare to PLD and PSA?
Property For Industry's EBIT of NZ$175.7 Mil can be compared against companies in the REITs 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 REITs company?
A good EBIT depends on the REITs 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 Property For Industry. Property For Industry's current EBIT is NZ$175.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property For Industry stock overvalued right now?
Based on GuruFocus' analysis, Property For Industry (NZSE:PFI) is currently considered Fairly Valued. The stock's GF Value™ is NZ$2.33, compared to a current price of NZ$2.42 — trading 3.9% above its estimated fair value. The current EBIT is NZ$175.7 Mil. Property For Industry's overall GF Score™ is 81/100 with 8 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 Property For Industry (NZSE:PFI), the current EBIT is NZ$175.7 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 Property For Industry (NZSE:PFI) Overvalued in 2026?

Based on GuruFocus' analysis, Property For Industry stock appears to be overvalued. The current stock price of NZ$2.42 is trading 3.9% above its estimated GF Value™ of NZ$2.33. GuruFocus considers Property For Industry to be Fairly Valued.

Key valuation signals for NZSE:PFI:

  • EBIT: NZ$175.7 Mil
  • GF Value™: NZ$2.33 vs. price of NZ$2.42 (3.9% above fair value)
  • GF Score™: 81/100 with 8 warning signs

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


Property For Industry Business Description

Industry Real EstateREITs
Address 15 Galway Street, Level 4, Hayman Kronfeld Building, Auckland, NZL, 1010
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. Its investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft, among others. Rental and management fee income represents nearly all of its operating revenue.
81GF Score

Get the complete analysis for NZSE:PFI

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

NZ$2.42
Price
NZ$2.33
GF Value