SMGZY (Smiths Group) EBIT: $581 Mil (TTM As of Jan. 2026)


SMGZY Smiths Group PLC SMGZY
79 GF Score
Price $33.98
GF Value $30.90
Valuation Fairly Valued
! 5 Warning Signs
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What is Smiths Group EBIT?

Smiths Group SMGZY -0.98% 79 EBIT is $581 Mil as of Jan. 2026. GuruFocus rates SMGZY with a GF Score™ of 79/100 and a GF Value™ of $30.90 (Fairly Valued). The stock has 5 warning signs investors should review.

Smiths Group's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2026 was $218 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2026 was $581 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smiths Group's annualized ROC % for the quarter that ended in Jan. 2026 was 7.00%. Smiths Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 20.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smiths Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 5.11%.


Smiths Group  (OTCPK:SMGZY) EBIT Explanation

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

Smiths Group's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=489.852 * ( 1 - 33.33% )/( (4653.171 + 4672.531)/ 2 )
=326.5843284/4662.851
=7.00 %

where

Invested Capital(Q: Jul. 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))
=5412.955 - 496.626 - ( 263.158 - max(0, 1269.906 - 2769.231+263.158))
=4653.171

Invested Capital(Q: Jan. 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))
=5600.812 - 461.434 - ( 466.847 - max(0, 1362.652 - 4138.024+466.847))
=4672.531

Note: The Operating Income data used here is two times the semi-annual (Jan. 2026) data.

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

Smiths Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=435.724/( ( (462.888 + max(1013.496, 0)) + (370.771 + max(2350.474, 0)) )/ 2 )
=435.724/( ( 1476.384 + 2721.245 )/ 2 )
=435.724/2098.8145
=20.76 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(684.211 + 790.823 + 765.183) - (496.626 + 0 + 730.095)
=1013.496

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(552.097 + 368.065 + 2751.015) - (461.434 + 0 + 859.269)
=2350.474

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2026 )
=580.885/11359.821
=5.11 %

* 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.


Smiths Group EBIT Related Terms


Smiths Group EBIT Historical Data

* Premium members only.

The historical data trend for Smiths Group'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.

Smiths Group EBIT Chart

Smiths Group Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 401.93 189.45 573.45 513.51 609.99

Smiths Group Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 259.21 250.97 226.21 363.02 217.86

SMGZY vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Smiths Group'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.


Smiths Group EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smiths Group's EV-to-EBIT distribution charts can be found below:

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


SMGZY
79GF Score
Smiths Group PLC SMGZY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Smiths Group 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $581 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 $581 Mil mean?
Smiths Group (SMGZY) has a EBIT of $581 Mil as of Jan. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Smiths Group.
Is Smiths Group's EBIT too high?
Smiths Group's current EBIT is $581 Mil. Overall, Smiths Group has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smiths Group's EBIT compare to GEV and ETN?
Smiths Group's EBIT of $581 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good EBIT depends on the Industrial Products 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 Smiths Group. Smiths Group's current EBIT is $581 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths Group stock overvalued right now?
Based on GuruFocus' analysis, Smiths Group (SMGZY) is currently considered Fairly Valued. The stock's GF Value™ is $30.90, compared to a current price of $33.98 — trading 10% above its estimated fair value. The current EBIT is $581 Mil. Smiths Group's overall GF Score™ is 79/100 with 5 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 Smiths Group (SMGZY), the current EBIT is $581 Mil as of Jan. 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 Smiths Group (SMGZY) Overvalued in 2026?

Based on GuruFocus' analysis, Smiths Group stock appears to be overvalued. The current stock price of $33.98 is trading 10% above its estimated GF Value™ of $30.90. GuruFocus considers Smiths Group to be Fairly Valued.

Key valuation signals for SMGZY:

  • EBIT: $581 Mil
  • GF Value™: $30.90 vs. price of $33.98 (10% above fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Smiths Group Business Description

Address 255 Blackfriars Road, Level 10, London, GBR, SE1 9AX
Smiths Group is a UK-based industrial technology company focused on engineered solutions for fluid and energy management, following the agreed divestments of its Detection and Interconnect divisions. Its two core businesses—John Crane and Flex-Tek - serve critical infrastructure, energy, aerospace, HVAC, and industrial markets. John Crane supplies mechanical seals, filtration systems, and condition-monitoring technologies used in rotating equipment, with a high-margin, recurring aftermarket business. Flex-Tek provides specialized tubing, heating components, and ducting systems primarily for US HVAC and aerospace OEMs.
79GF Score

Get the complete analysis for SMGZY

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

$33.98
Price
$30.90
GF Value