SKT (Tanger) EBIT: $198.2 Mil (TTM As of Mar. 2026)

What is Tanger EBIT?

Tanger SKT +1.40% 78 EBIT is $198.2 Mil as of Mar. 2026. GuruFocus rates SKT with a GF Score™ of 78/100 and a GF Value™ of $34.11 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Tanger's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $48.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $198.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tanger's annualized ROC % for the quarter that ended in Mar. 2026 was 6.63%. Tanger's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 233.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tanger's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.09%.

Tanger (NYSE:SKT) EBIT Explanation

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

Tanger'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 )
=	172.976 * ( 1 - 0% )	/	( (2646.454	+	2571.06)	/ 2 )
=	172.976	/	2608.757
=	6.63 %

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	))
=	2655.982	-	133.065	-	( 18.133	-	max(0, 177.065	-	53.528	+	18.133	))
=	2646.454

	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	))
=	2834.274	-	78.442	-	( 227.403	-	max(0, 78.442	-	263.214	+	227.403	))
=	2571.06

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

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

Tanger'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 )
=	194.372	/	( ( (83.497 + max(-97.67, 0))	+	(83.136 + max(-42.631, 0)) )	/	2 )
=	194.372	/	( ( 83.497	+	83.136 )	/	2 )
=	194.372	/	83.3165
=	233.29 %

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)
=	(0	+	0	+	35.395)	-	(133.065	+	0	+	0)
=	-97.67

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	35.811)	-	(78.442	+	0	+	0)
=	-42.631

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	198.183	/	6418.425
	=	3.09 %

* 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.

Tanger EBIT Related Terms

Tanger EBIT Historical Data

* Premium members only.

The historical data trend for Tanger's EBIT can be seen below:

Tanger EBIT Chart

Tanger Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

62.42

132.80

151.81

163.40

185.36

Tanger 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															35.77	47.73	49.79	52.07	48.59

SKT vs PECO, CURB, AKR: EBIT Comparison

For the REIT - Retail subindustry, Tanger'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.

Tanger EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Tanger's EV-to-EBIT distribution charts can be found below:

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

Save Embed

78GF Score

Tanger Inc SKT

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

View Full Analysis

Tanger 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 $198.2 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $198.2 Mil mean?

Tanger (SKT) has a EBIT of $198.2 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tanger.

Is Tanger's EBIT too high?

Tanger's current EBIT is $198.2 Mil. Overall, Tanger has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tanger's EBIT compare to PECO and CURB?

Tanger's EBIT of $198.2 Mil can be compared against companies in the REITs 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 REITs company?

A good EBIT depends on the REITs 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 Tanger. Tanger's current EBIT is $198.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tanger stock overvalued right now?

Based on GuruFocus' analysis, Tanger (SKT) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.11, compared to a current price of $40.58 — trading 19% above its estimated fair value. The current EBIT is $198.2 Mil. Tanger's overall GF Score™ is 78/100 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 Tanger (SKT), the current EBIT is $198.2 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 Tanger (SKT) Overvalued in 2026?

Based on GuruFocus' analysis, Tanger stock appears to be overvalued. The current stock price of $40.58 is trading 19% above its estimated GF Value™ of $34.11. GuruFocus considers Tanger to be Modestly Overvalued.

Key valuation signals for SKT:

EBIT: $198.2 Mil
GF Value™: $34.11 vs. price of $40.58 (19% above fair value)
GF Score™: 78/100 with 8 warning signs

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

Tanger Business Description

Industry Real Estate REITs

Comparable Companies PECO CURB AKR UE FCPT KRG IVT NTST GTY MAC SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT

Other Exchanges 0LD4:UK T6O:Germany

Address 3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408

Website https://www.tanger.com

Tanger Inc is an owner and operator of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.

78GF Score

Get the complete analysis for SKT

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

$40.58

Price

$34.11

GF Value

View SKT Analysis

See EBIT data for all stocks →