Karnov Group AB (OSTO:KAR) EBIT: kr1,136 Mil (TTM As of Mar. 2026)


OSTO:KAR Karnov Group AB OSTO:KAR
77 GF Score
Price kr68.60
GF Value kr83.48
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Karnov Group AB EBIT?

Karnov Group AB OSTO:KAR +1.18% 77 EBIT is kr1,136 Mil as of Mar. 2026. GuruFocus rates OSTO:KAR with a GF Score™ of 77/100 and a GF Value™ of kr83.48 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Karnov Group AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was kr102 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was kr1,136 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Karnov Group AB's annualized ROC % for the quarter that ended in Mar. 2026 was 3.92%. Karnov Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 192.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Karnov Group AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.70%.


Karnov Group AB  (OSTO:KAR) EBIT Explanation

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

Karnov Group AB'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 )
=379.6 * ( 1 - 22.15% )/( (7366.5 + 7726.9)/ 2 )
=295.5186/7546.7
=3.92 %

where

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

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

Karnov Group AB'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 )
=407.6/( ( (214.6 + max(-1123.6, 0)) + (208.1 + max(-1274.2, 0)) )/ 2 )
=407.6/( ( 214.6 + 208.1 )/ 2 )
=407.6/211.35
=192.86 %

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)
=(375.5 + 18.3 + 66.4) - (260 + 0 + 1323.8)
=-1123.6

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(407.4 + 19.6 + 94.2) - (114.9 + 0 + 1680.5)
=-1274.2

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1136.2/8296.204
=13.70 %

* 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.


Karnov Group AB EBIT Related Terms


Karnov Group AB EBIT Historical Data

* Premium members only.

The historical data trend for Karnov Group AB'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.

Karnov Group AB EBIT Chart

Karnov Group AB 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 120.77 80.10 180.60 128.60 1,143.00

Karnov Group AB 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 132.50 45.00 92.90 896.40 101.90

OSTO:KAR vs CTAS, CPRT, ULS: EBIT Comparison

For the Specialty Business Services subindustry, Karnov Group AB'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.


Karnov Group AB EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Karnov Group AB's EV-to-EBIT distribution charts can be found below:

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


OSTO:KAR
77GF Score
Karnov Group AB OSTO:KAR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Karnov Group AB 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 kr1,136 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 kr1,136 Mil mean?
Karnov Group AB (OSTO:KAR) has a EBIT of kr1,136 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Karnov Group AB.
Is Karnov Group AB's EBIT too high?
Karnov Group AB's current EBIT is kr1,136 Mil. Overall, Karnov Group AB has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karnov Group AB's EBIT compare to CTAS and CPRT?
Karnov Group AB's EBIT of kr1,136 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 Karnov Group AB. Karnov Group AB's current EBIT is kr1,136 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnov Group AB stock overvalued right now?
Based on GuruFocus' analysis, Karnov Group AB (OSTO:KAR) is currently considered Modestly Undervalued. The stock's GF Value™ is kr83.48, compared to a current price of kr68.60 — trading 17.8% below its estimated fair value. The current EBIT is kr1,136 Mil. Karnov Group AB's overall GF Score™ is 77/100 with 4 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 Karnov Group AB (OSTO:KAR), the current EBIT is kr1,136 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 Karnov Group AB (OSTO:KAR) Overvalued in 2026?

Based on GuruFocus' analysis, Karnov Group AB stock appears to be undervalued. The current stock price of kr68.60 is trading 17.8% below its estimated GF Value™ of kr83.48. GuruFocus considers Karnov Group AB to be Modestly Undervalued.

Key valuation signals for OSTO:KAR:

  • EBIT: kr1,136 Mil
  • GF Value™: kr83.48 vs. price of kr68.60 (17.8% below fair value)
  • GF Score™: 77/100 with 4 warning signs

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


Karnov Group AB Business Description

Other Exchanges KARs:UK0A39:UK3UA:Germany
Address Flemminggatan 14, Stockholm, SWE, 112 26
Karnov Group AB is a provider of mission-critical information in the areas of legal, tax and auditing, environment, and health and safety. Karnov's products include subscription-based online solutions for law firms, tax and accounting firms, corporates, and the public sector including, courts, universities, public authorities, and municipalities. Karnov also publishes and sells offline books and journals and hosts legal training courses. Its brands are Karnov Group Denmark, Norstedts Juridik, Aranzadi LA LEY, Lamy Liaisons, Notisum, Echoline, BELLA Intelligence. Geographically, it derives a majority of its revenue from Denmark and also has a presence in Sweden, Norway, France, Spain, and Portugal.
77GF Score

Get the complete analysis for OSTO:KAR

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

kr68.60
Price
kr83.48
GF Value