Mutares SE KGaA (STU:MUX) EBIT: €386 Mil (TTM As of Mar. 2026)


STU:MUX Mutares SE & Co KGaA STU:MUX
66 GF Score
Price €29.20
! 6 Warning Signs
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What is Mutares SE KGaA EBIT?

Mutares SE KGaA STU:MUX -0.51% 66 EBIT is €386 Mil as of Mar. 2026. GuruFocus rates STU:MUX with a GF Score™ of 66/100. The stock has 6 warning signs investors should review.

Mutares SE KGaA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-153 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €386 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mutares SE KGaA's annualized ROC % for the quarter that ended in Mar. 2026 was -12.00%. Mutares SE KGaA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -35.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mutares SE KGaA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.70%.

Mutares SE KGaA  (STU:MUX) EBIT Explanation

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

Mutares SE KGaA'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 )
=-610 * ( 1 - 7.8% )/( (4727 + 4645)/ 2 )
=-562.42/4686
=-12.00 %

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))
=5184.2 - 994.1 - ( 586.9 - max(0, 3325.1 - 2788.2+586.9))
=4727

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))
=5264.3 - 940.3 - ( 407.1 - max(0, 3380.4 - 3059.4+407.1))
=4645

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

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

Mutares SE KGaA'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 )
=-610/( ( (1758.8 + max(-383.4, 0)) + (1712.7 + max(-920.4, 0)) )/ 2 )
=-610/( ( 1758.8 + 1712.7 )/ 2 )
=-610/1735.75
=-35.14 %

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)
=(709.3 + 792.6 + 535.4) - (994.1 + 0 + 1426.6)
=-383.4

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(798.8 + 1043 + 618.2) - (940.3 + 0 + 2440.1)
=-920.4

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:

Mutares SE KGaA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=386.4/1780.690
=21.70 %

* 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.

Mutares SE KGaA EBIT Related Terms

Mutares SE KGaA EBIT Historical Data

* Premium members only.

The historical data trend for Mutares SE KGaA'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.

Mutares SE KGaA EBIT Chart

Mutares SE KGaA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 453.00 -1.80 446.60 -425.70 90.60

Mutares SE KGaA Quarterly Data
Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
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 0.00 -188.30 538.90 0.00 -152.50

STU:MUX vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, Mutares SE KGaA'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.

Mutares SE KGaA EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mutares SE KGaA's EV-to-EBIT distribution charts can be found below:

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


STU:MUX
66GF Score
Mutares SE & Co KGaA STU:MUX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mutares SE KGaA 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 €386 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 €386 Mil mean?
Mutares SE KGaA (STU:MUX) has a EBIT of €386 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mutares SE KGaA.
Is Mutares SE KGaA's EBIT too high?
Mutares SE KGaA's current EBIT is €386 Mil. Overall, Mutares SE KGaA has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Mutares SE KGaA's EBIT compare to BLK and BX?
Mutares SE KGaA's EBIT of €386 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good EBIT depends on the Asset Management 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 Mutares SE KGaA. Mutares SE KGaA's current EBIT is €386 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutares SE KGaA stock overvalued right now?
Mutares SE KGaA (STU:MUX) has a current EBIT of €386 Mil. The current EBIT is €386 Mil. Mutares SE KGaA's overall GF Score™ is 66/100 with 6 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 Mutares SE KGaA (STU:MUX), the current EBIT is €386 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.

Mutares SE KGaA Business Description

Address Arnulfstrasse 19, Munich, DEU, 80335
Mutares SE & Co KGaA is a holding company. Its primary business is to acquire small and medium-sized companies in special situations. The company's operating segment includes the Automotive & Mobility segment includes the acquired companies that are engaged in the supplying of rubber mouldings, components for commercial vehicles, and others; the Engineering and Technology segment includes acquired companies that are engaged in the supplying of coating for oil and gas pipelines, components for increasing efficiency, provider of steel structures, roof and facade systems, and others; Goods and services segment includes acquired companies that are engaged in the manufacturing of packaging solutions, iron wire, paper household products, and logistics services.
66GF Score

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

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