Ermenegildo Zegna NV (STU:JN0) EBIT: €180 Mil (TTM As of Dec. 2025)


STU:JN0 Ermenegildo Zegna NV STU:JN0
83 GF Score
Price €11.37
GF Value €9.82
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Ermenegildo Zegna NV EBIT?

Ermenegildo Zegna NV STU:JN0 +1.07% 83 EBIT is €180 Mil as of Dec. 2025. GuruFocus rates STU:JN0 with a GF Score™ of 83/100 and a GF Value™ of €9.82 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Ermenegildo Zegna NV's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €180 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ermenegildo Zegna NV's annualized ROC % for the quarter that ended in Dec. 2025 was 6.17%. Ermenegildo Zegna NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ermenegildo Zegna NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.67%.


Ermenegildo Zegna NV  (STU:JN0) EBIT Explanation

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

Ermenegildo Zegna NV'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 )
=156.268 * ( 1 - 14.49% )/( (2189.321 + 2141.581)/ 2 )
=133.6247668/2165.451
=6.17 %

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))
=2727.238 - 306.947 - ( 230.97 - max(0, 801.751 - 1137.29+230.97))
=2189.321

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))
=2834.708 - 395.832 - ( 297.295 - max(0, 750.392 - 1190.213+297.295))
=2141.581

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:

Ermenegildo Zegna NV'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 )
=173.15/( ( (815.709 + max(375.977, 0)) + (863.685 + max(334.129, 0)) )/ 2 )
=173.15/( ( 1191.686 + 1197.814 )/ 2 )
=173.15/1194.75
=14.49 %

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)
=(209.462 + 505.681 + 156.853) - (306.947 + 0 + 189.072)
=375.977

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(227.087 + 506.903 + 125.528) - (395.832 + 78.072 + 51.485)
=334.129

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:

Ermenegildo Zegna NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=180.001/3854.078
=4.67 %

* 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.


Ermenegildo Zegna NV EBIT Related Terms


Ermenegildo Zegna NV EBIT Historical Data

* Premium members only.

The historical data trend for Ermenegildo Zegna NV'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.

Ermenegildo Zegna NV EBIT Chart

Ermenegildo Zegna NV Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -83.06 117.10 199.79 170.28 180.00

Ermenegildo Zegna NV 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 76.92 77.82 92.46 93.43 86.58

STU:JN0 vs PVH, COLM, UAA: EBIT Comparison

For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV'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.


Ermenegildo Zegna NV EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's EV-to-EBIT distribution charts can be found below:

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


STU:JN0
83GF Score
Ermenegildo Zegna NV STU:JN0
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ermenegildo Zegna NV 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 €180 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 €180 Mil mean?
Ermenegildo Zegna NV (STU:JN0) has a EBIT of €180 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ermenegildo Zegna NV.
Is Ermenegildo Zegna NV's EBIT too high?
Ermenegildo Zegna NV's current EBIT is €180 Mil. Overall, Ermenegildo Zegna NV has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's EBIT compare to PVH and COLM?
Ermenegildo Zegna NV's EBIT of €180 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 Ermenegildo Zegna NV. Ermenegildo Zegna NV's current EBIT is €180 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (STU:JN0) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.82, compared to a current price of €11.37 — trading 15.8% above its estimated fair value. The current EBIT is €180 Mil. Ermenegildo Zegna NV's overall GF Score™ is 83/100 with 4 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 Ermenegildo Zegna NV (STU:JN0), the current EBIT is €180 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 Ermenegildo Zegna NV (STU:JN0) Overvalued in 2026?

Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be overvalued. The current stock price of €11.37 is trading 15.8% above its estimated GF Value™ of €9.82. GuruFocus considers Ermenegildo Zegna NV to be Modestly Overvalued.

Key valuation signals for STU:JN0:

  • EBIT: €180 Mil
  • GF Value™: €9.82 vs. price of €11.37 (15.8% above fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the STU:JN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ermenegildo Zegna NV Business Description

Other Exchanges ZGN:USA
Address Viale Roma 99/100, Valdilana location, Trivero, ITA, 13835
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
83GF Score

Get the complete analysis for STU:JN0

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

€11.37
Price
€9.82
GF Value