CNOOC Energy Technology & Services (SHSE:600968) EBIT: ¥4,952 Mil (TTM As of Mar. 2026)

What is CNOOC Energy Technology & Services EBIT?

CNOOC Energy Technology & Services SHSE:600968 -0.57% 89 EBIT is ¥4,952 Mil as of Mar. 2026. GuruFocus rates SHSE:600968 with a GF Score™ of 89/100 and a GF Value™ of ¥3.91 (Modestly Undervalued). The stock has 2 warning signs investors should review.

CNOOC Energy Technology & Services's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥883 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥4,952 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CNOOC Energy Technology & Services's annualized ROC % for the quarter that ended in Mar. 2026 was 8.69%. CNOOC Energy Technology & Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CNOOC Energy Technology & Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.99%.

CNOOC Energy Technology & Services (SHSE:600968) EBIT Explanation

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

CNOOC Energy Technology & Services'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 )
=	3131.764 * ( 1 - 23.03% )	/	( (25979.243	+	29467.87)	/ 2 )
=	2410.5187508	/	27723.5565
=	8.69 %

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	))
=	51165.405	-	15035.038	-	( 10151.124	-	max(0, 17135.941	-	28185.957	+	10151.124	))
=	25979.243

	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	))
=	48721.768	-	11789.553	-	( 7464.345	-	max(0, 14148.861	-	24799.836	+	7464.345	))
=	29467.87

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

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

CNOOC Energy Technology & Services'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 )
=	3532.98	/	( ( (13524.378 + max(-1974.645, 0))	+	(13560.223 + max(-660.626, 0)) )	/	2 )
=	3532.98	/	( ( 13524.378	+	13560.223 )	/	2 )
=	3532.98	/	13542.3005
=	26.09 %

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)
=	(9659.349	+	1070.192	+	3865.257)	-	(15035.038	+	0	+	1534.405)
=	-1974.645

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8553.838	+	1572.177	+	2888.688)	-	(11789.553	+	0	+	1885.776)
=	-660.626

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:

CNOOC Energy Technology & Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	4951.785	/	30959.495
	=	15.99 %

* 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.

CNOOC Energy Technology & Services EBIT Related Terms

CNOOC Energy Technology & Services EBIT Historical Data

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The historical data trend for CNOOC Energy Technology & Services's EBIT can be seen below:

CNOOC Energy Technology & Services EBIT Chart

CNOOC Energy Technology & Services Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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1,965.48

3,059.78

3,950.18

4,699.62

4,910.80

CNOOC Energy Technology & Services 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															842.26	1,471.42	1,343.09	1,254.04	883.25

SHSE:600968 vs SLB, BKR, HAL: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & Services'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.

CNOOC Energy Technology & Services EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CNOOC Energy Technology & Services's EV-to-EBIT falls into.

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89GF Score

CNOOC Energy Technology & Services Ltd SHSE:600968

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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CNOOC Energy Technology & Services 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 ¥4,952 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ¥4,952 Mil mean?

CNOOC Energy Technology & Services (SHSE:600968) has a EBIT of ¥4,952 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CNOOC Energy Technology & Services.

Is CNOOC Energy Technology & Services' EBIT too high?

CNOOC Energy Technology & Services' current EBIT is ¥4,952 Mil. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does CNOOC Energy Technology & Services' EBIT compare to SLB and BKR?

CNOOC Energy Technology & Services' EBIT of ¥4,952 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good EBIT depends on the Oil & Gas 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 CNOOC Energy Technology & Services. CNOOC Energy Technology & Services's current EBIT is ¥4,952 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CNOOC Energy Technology & Services stock overvalued right now?

Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.91, compared to a current price of ¥3.48 — trading 11% below its estimated fair value. The current EBIT is ¥4,952 Mil. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current EBIT is ¥4,952 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?

Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued. The current stock price of ¥3.48 is trading 11% below its estimated GF Value™ of ¥3.91. GuruFocus considers CNOOC Energy Technology & Services to be Modestly Undervalued.

Key valuation signals for SHSE:600968:

EBIT: ¥4,952 Mil
GF Value™: ¥3.91 vs. price of ¥3.48 (11% below fair value)
GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CNOOC Energy Technology & Services Business Description

Industry Energy Oil & Gas

Comparable Companies SHSE:601808 SHSE:600583 SHSE:600339 SHSE:603800 SZSE:300191 SZSE:300084 SHSE:688377 SHSE:603318 SHSE:603727 SZSE:000852 SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT KGS

Address No. 6 Dongzhimenwai Street, CNOOC Building, Dongcheng District, Beijing, CHN, 100027

Website https://cenertech.cnooc.com.cn

CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.

89GF Score

Get the complete analysis for SHSE:600968

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

¥3.48

Price

¥3.91

GF Value

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