Norsk Titanium AS (STU:84F) EBIT: €-47.93 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:84F Norsk Titanium AS STU:84F
77 GF Score
Price €0.09
GF Value €0.06
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Norsk Titanium AS EBIT?

Norsk Titanium AS STU:84F +0.12% 77 EBIT is €-47.93 Mil as of Dec. 2025. GuruFocus rates STU:84F with a GF Score™ of 77/100 and a GF Value™ of €0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Norsk Titanium AS's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €-13.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €-47.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Norsk Titanium AS's annualized ROC % for the quarter that ended in Dec. 2025 was -184.90%. Norsk Titanium AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -290.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Norsk Titanium AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -53.36%.

Norsk Titanium AS  (STU:84F) EBIT Explanation

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

Norsk Titanium AS's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-25.812 * ( 1 - 0% )/( (13.875 + 14.045)/ 2 )
=-25.812/13.96
=-184.90 %

where

Invested Capital(Q: Jun. 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))
=26.017 - 1.653 - ( 10.489 - max(0, 5.51 - 20.369+10.489))
=13.875

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))
=31.63 - 1.342 - ( 16.243 - max(0, 4.858 - 26.247+16.243))
=14.045

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Norsk Titanium AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-26.458/( ( (4.175 + max(4.726, 0)) + (4.09 + max(5.22, 0)) )/ 2 )
=-26.458/( ( 8.901 + 9.31 )/ 2 )
=-26.458/9.1055
=-290.57 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.903 + 7.498 + 1.479) - (1.653 + 0 + 3.501)
=4.726

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.049 + 7.502 + 1.137) - (1.342 + 0 + 3.126)
=5.22

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Norsk Titanium AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-47.929/89.829
=-53.36 %

* 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.

Norsk Titanium AS EBIT Related Terms

Norsk Titanium AS EBIT Historical Data

* Premium members only.

The historical data trend for Norsk Titanium AS'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.

Norsk Titanium AS EBIT Chart

Norsk Titanium AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -14.03 -8.85 -24.31 -19.75 -47.41

Norsk Titanium AS Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -19.68 -5.42 -14.17 -34.70 -13.23

STU:84F vs SPCX, GE, RTX: EBIT Comparison

For the Aerospace & Defense subindustry, Norsk Titanium AS'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.

Norsk Titanium AS EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Norsk Titanium AS's EV-to-EBIT distribution charts can be found below:

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


STU:84F
77GF Score
Norsk Titanium AS STU:84F
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norsk Titanium AS 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-47.93 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 €-47.93 Mil mean?
Norsk Titanium AS (STU:84F) has a EBIT of €-47.93 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Norsk Titanium AS.
Is Norsk Titanium AS's EBIT too high?
Norsk Titanium AS's current EBIT is €-47.93 Mil. Overall, Norsk Titanium AS has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Titanium AS's EBIT compare to SPCX and GE?
Norsk Titanium AS's EBIT of €-47.93 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense 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 Norsk Titanium AS. Norsk Titanium AS's current EBIT is €-47.93 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norsk Titanium AS stock overvalued right now?
Based on GuruFocus' analysis, Norsk Titanium AS (STU:84F) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.06, compared to a current price of €0.09 — trading 42.8% above its estimated fair value. The current EBIT is €-47.93 Mil. Norsk Titanium AS's overall GF Score™ is 77/100 with 7 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 Norsk Titanium AS (STU:84F), the current EBIT is €-47.93 Mil as of Dec. 2025. 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 Norsk Titanium AS (STU:84F) Overvalued in 2026?

Based on GuruFocus' analysis, Norsk Titanium AS stock appears to be overvalued. The current stock price of €0.09 is trading 42.8% above its estimated GF Value™ of €0.06. GuruFocus considers Norsk Titanium AS to be Significantly Overvalued.

Key valuation signals for STU:84F:

  • EBIT: €-47.93 Mil
  • GF Value™: €0.06 vs. price of €0.09 (42.8% above fair value)
  • GF Score™: 77/100 with 7 warning signs

No single metric tells the full story. See the STU:84F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Norsk Titanium AS Business Description

Other Exchanges NORSF:USANTI:Norway
Address Flyplassveien 20, Honefoss, NOR, 3514
Norsk Titanium AS is in metal 3D printing. The company uses its proprietary Rapid Plasma Deposition (RPD) technology for cost-efficient 3D printing of metal alloys. This technology enables the production of value-added parts that are suitable for a large market. The company's focus is on high-end structural applications that require the use of titanium parts, which offer substantial benefits compared to traditional materials and production methods. The company caters to high-complexity markets such as commercial aerospace and defense, which allows it to deliver value propositions and position itself for expansion into other markets. Geographically, the company generates revenue from Norway, Europe, and the USA.
77GF Score

Get the complete analysis for STU:84F

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

€0.09
Price
€0.06
GF Value