Hove AS (OCSE:HOVE) EBIT: kr22.6 Mil (TTM As of Mar. 2026)


OCSE:HOVE Hove AS OCSE:HOVE
91 GF Score
Price kr5.46
GF Value kr6.53
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Hove AS EBIT?

Hove AS OCSE:HOVE -1.80% 91 EBIT is kr22.6 Mil as of Mar. 2026. GuruFocus rates OCSE:HOVE with a GF Score™ of 91/100 and a GF Value™ of kr6.53 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Hove AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was kr13.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was kr22.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hove AS's annualized ROC % for the quarter that ended in Mar. 2026 was 39.16%. Hove AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 60.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hove AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.08%.

Hove AS  (OCSE:HOVE) EBIT Explanation

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

Hove AS'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 )
=49.932 * ( 1 - 21.72% )/( (96.164 + 103.444)/ 2 )
=39.0867696/99.804
=39.16 %

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))
=115.304 - 16.979 - ( 2.161 - max(0, 20.752 - 84.257+2.161))
=96.164

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))
=140.204 - 29.702 - ( 7.058 - max(0, 32.611 - 109.15+7.058))
=103.444

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

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

Hove AS'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 )
=52.096/( ( (22.318 + max(60.87, 0)) + (22.325 + max(67.754, 0)) )/ 2 )
=52.096/( ( 83.188 + 90.079 )/ 2 )
=52.096/86.6335
=60.13 %

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)
=(32.28 + 44.892 + 1.701) - (16.979 + 0 + 1.024)
=60.87

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(55.352 + 39.914 + 2.19) - (29.702 + 0 + -7.105427357601E-15)
=67.754

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=22.563/140.276
=16.08 %

* 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.

Hove AS EBIT Related Terms

Hove AS EBIT Historical Data

* Premium members only.

The historical data trend for Hove AS'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.

Hove AS EBIT Chart

Hove AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 6.12 11.03 9.97 9.85 18.90

Hove AS Quarterly Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 9.36 3.15 6.92 -0.54 13.02

OCSE:HOVE vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Hove AS'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.

Hove AS EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hove AS's EV-to-EBIT distribution charts can be found below:

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


OCSE:HOVE
91GF Score
Hove AS OCSE:HOVE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hove AS 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 kr22.6 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 kr22.6 Mil mean?
Hove AS (OCSE:HOVE) has a EBIT of kr22.6 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hove AS.
Is Hove AS's EBIT too high?
Hove AS's current EBIT is kr22.6 Mil. Overall, Hove AS has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hove AS's EBIT compare to LIN and SHW?
Hove AS's EBIT of kr22.6 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Hove AS. Hove AS's current EBIT is kr22.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hove AS stock overvalued right now?
Based on GuruFocus' analysis, Hove AS (OCSE:HOVE) is currently considered Modestly Undervalued. The stock's GF Value™ is kr6.53, compared to a current price of kr5.46 — trading 16.4% below its estimated fair value. The current EBIT is kr22.6 Mil. Hove AS's overall GF Score™ is 91/100 with 1 warning sign 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 Hove AS (OCSE:HOVE), the current EBIT is kr22.6 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 Hove AS (OCSE:HOVE) Overvalued in 2026?

Based on GuruFocus' analysis, Hove AS stock appears to be undervalued. The current stock price of kr5.46 is trading 16.4% below its estimated GF Value™ of kr6.53. GuruFocus considers Hove AS to be Modestly Undervalued.

Key valuation signals for OCSE:HOVE:

  • EBIT: kr22.6 Mil
  • GF Value™: kr6.53 vs. price of kr5.46 (16.4% below fair value)
  • GF Score™: 91/100 with 1 warning sign

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

Hove AS Business Description

Other Exchanges LL0:Germany
Address Herstedostervej 7, Glostrup, DNK, 2600
Hove AS develops, produces, and supplies lubrication solutions for mechanical bearings in the wind turbine industry. The company's solutions are Hove Smart Lube, Hove Carry, Lubrication Solutions, Beinlich Pumps, and others.
91GF Score

Get the complete analysis for OCSE:HOVE

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

kr5.46
Price
kr6.53
GF Value