PCYO (Pure Cycle) EBIT: $19.17 Mil (TTM As of Feb. 2026)


PCYO Pure Cycle Corp PCYO
72 GF Score
Price $11.37
GF Value $14.11
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Pure Cycle EBIT?

Pure Cycle PCYO +3.08% 72 EBIT is $19.17 Mil as of Feb. 2026. GuruFocus rates PCYO with a GF Score™ of 72/100 and a GF Value™ of $14.11 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Pure Cycle's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2026 was $1.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was $19.17 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pure Cycle's annualized ROC % for the quarter that ended in Feb. 2026 was 0.51%. Pure Cycle's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 8.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pure Cycle's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 6.92%.


Pure Cycle  (NAS:PCYO) EBIT Explanation

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

Pure Cycle's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=1.052 * ( 1 - 26.92% )/( (145.281 + 157.795)/ 2 )
=0.7688016/151.538
=0.51 %

where

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

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

Pure Cycle's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6.616/( ( (73.194 + max(-1.91, 0)) + (76.255 + max(0.515, 0)) )/ 2 )
=6.616/( ( 73.194 + 76.77 )/ 2 )
=6.616/74.982
=8.82 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.502 + 6.212 + 0.414) - (8.013 + 2.442 + 0.583)
=-1.91

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.755 + 5.547 + 0.637) - (5.006 + 2.815 + 0.603)
=0.515

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=19.172/277.220
=6.92 %

* 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.


Pure Cycle EBIT Related Terms


Pure Cycle EBIT Historical Data

* Premium members only.

The historical data trend for Pure Cycle'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.

Pure Cycle EBIT Chart

Pure Cycle Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.59 12.80 6.43 16.07 17.90

Pure Cycle Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 1.19 3.09 8.30 6.12 1.65

PCYO vs GWRS, ARTNA, CDZI: EBIT Comparison

For the Utilities - Regulated Water subindustry, Pure Cycle'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.


Pure Cycle EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Pure Cycle's EV-to-EBIT distribution charts can be found below:

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


PCYO
72GF Score
Pure Cycle Corp PCYO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Pure Cycle 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $19.17 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 $19.17 Mil mean?
Pure Cycle (PCYO) has a EBIT of $19.17 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pure Cycle.
Is Pure Cycle's EBIT too high?
Pure Cycle's current EBIT is $19.17 Mil. Overall, Pure Cycle has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's EBIT compare to GWRS and ARTNA?
Pure Cycle's EBIT of $19.17 Mil can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated 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 Pure Cycle. Pure Cycle's current EBIT is $19.17 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Cycle stock overvalued right now?
Based on GuruFocus' analysis, Pure Cycle (PCYO) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.11, compared to a current price of $11.37 — trading 19.4% below its estimated fair value. The current EBIT is $19.17 Mil. Pure Cycle's overall GF Score™ is 72/100 with 3 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 Pure Cycle (PCYO), the current EBIT is $19.17 Mil as of Feb. 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 Pure Cycle (PCYO) Overvalued in 2026?

Based on GuruFocus' analysis, Pure Cycle stock appears to be undervalued. The current stock price of $11.37 is trading 19.4% below its estimated GF Value™ of $14.11. GuruFocus considers Pure Cycle to be Modestly Undervalued.

Key valuation signals for PCYO:

  • EBIT: $19.17 Mil
  • GF Value™: $14.11 vs. price of $11.37 (19.4% below fair value)
  • GF Score™: 72/100 with 3 warning signs

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


Pure Cycle Business Description

Address 34501 E. Quincy Avenue, Building 1, Suite D, Watkins, CO, USA, 80137
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
72GF Score

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

$11.37
Price
$14.11
GF Value