SP Group AS (OCSE:SPG) EBIT: kr427 Mil (TTM As of Mar. 2026)


OCSE:SPG SP Group AS OCSE:SPG
95 GF Score
Price kr414.50
GF Value kr329.50
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is SP Group AS EBIT?

SP Group AS OCSE:SPG -1.07% 95 EBIT is kr427 Mil as of Mar. 2026. GuruFocus rates OCSE:SPG with a GF Score™ of 95/100 and a GF Value™ of kr329.50 (Modestly Overvalued). The stock has 8 warning signs investors should review.

SP Group AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was kr139 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was kr427 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SP Group AS's annualized ROC % for the quarter that ended in Mar. 2026 was 11.82%. SP Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SP Group AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.32%.


SP Group AS  (OCSE:SPG) EBIT Explanation

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

SP Group 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 )
=557.6 * ( 1 - 20.96% )/( (3497.529 + 3959.5)/ 2 )
=440.72704/3728.5145
=11.82 %

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))
=3994.368 - 387.558 - ( 109.281 - max(0, 959.312 - 1431.653+109.281))
=3497.529

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

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

SP Group 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 )
=557.6/( ( (1648.459 + max(754.643, 0)) + (1648.5 + max(763.8, 0)) )/ 2 )
=557.6/( ( 2403.102 + 2412.3 )/ 2 )
=557.6/2407.701
=23.16 %

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)
=(472.169 + 737.073 + 29.51) - (387.558 + 0 + 96.551)
=754.643

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(640.9 + 760.3 + 0) - (0 + 0 + 637.4)
=763.8

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=427.397/5135.217
=8.32 %

* 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.


SP Group AS EBIT Related Terms


SP Group AS EBIT Historical Data

* Premium members only.

The historical data trend for SP Group 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.

SP Group AS EBIT Chart

SP Group AS 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 279.26 298.83 262.92 409.06 405.10

SP Group AS 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 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 117.10 75.20 77.20 135.60 139.40

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

For the Specialty Chemicals subindustry, SP Group 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.


SP Group AS EV-to-EBIT vs Chemicals Industry

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

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


OCSE:SPG
95GF Score
SP Group AS OCSE:SPG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SP Group 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 kr427 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 kr427 Mil mean?
SP Group AS (OCSE:SPG) has a EBIT of kr427 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SP Group AS.
Is SP Group AS's EBIT too high?
SP Group AS's current EBIT is kr427 Mil. Overall, SP Group AS has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SP Group AS's EBIT compare to LIN and SHW?
SP Group AS's EBIT of kr427 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 SP Group AS. SP Group AS's current EBIT is kr427 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Group AS stock overvalued right now?
Based on GuruFocus' analysis, SP Group AS (OCSE:SPG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr329.50, compared to a current price of kr414.50 — trading 25.8% above its estimated fair value. The current EBIT is kr427 Mil. SP Group AS's overall GF Score™ is 95/100 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 SP Group AS (OCSE:SPG), the current EBIT is kr427 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 SP Group AS (OCSE:SPG) Overvalued in 2026?

Based on GuruFocus' analysis, SP Group AS stock appears to be overvalued. The current stock price of kr414.50 is trading 25.8% above its estimated GF Value™ of kr329.50. GuruFocus considers SP Group AS to be Modestly Overvalued.

Key valuation signals for OCSE:SPG:

  • EBIT: kr427 Mil
  • GF Value™: kr329.50 vs. price of kr414.50 (25.8% above fair value)
  • GF Score™: 95/100 with 8 warning signs

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


SP Group AS Business Description

Other Exchanges 1PU2:Germany
Address Snavevej 6-10, Sonderso, DNK, 5471
SP Group AS develops and manufactures solutions in plastics using multiple production technologies. It is a supplier of manufactured plastic products for the manufacturing industries. Its solutions include 3D print, Assembly, Blow Moulding, Injection Moulding, , Precision Plastic Machining, among others. Its segments include Denmark, Norway, Sweden, Finland, Latvia, Slovakia, The Netherlands, Poland, North America, China, and Thailand, with Denmark generating the majority of the revenue.
95GF Score

Get the complete analysis for OCSE:SPG

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

kr414.50
Price
kr329.50
GF Value