Singapore Exchange (STU:SOU) EBIT: €540.0 Mil (TTM As of Dec. 2025)


STU:SOU Singapore Exchange Ltd STU:SOU
78 GF Score
Price €16.10
GF Value €8.62
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Singapore Exchange EBIT?

Singapore Exchange STU:SOU -0.62% 78 EBIT is €540.0 Mil as of Dec. 2025. GuruFocus rates STU:SOU with a GF Score™ of 78/100 and a GF Value™ of €8.62 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Singapore Exchange's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €283.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €540.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Singapore Exchange's annualized ROC % for the quarter that ended in Dec. 2025 was 38.96%. Singapore Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 691.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Singapore Exchange's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.31%.


Singapore Exchange  (STU:SOU) EBIT Explanation

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

Singapore Exchange'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 )
=561.89 * ( 1 - 18.34% )/( (1332.952 + 1022.604)/ 2 )
=458.839374/1177.778
=38.96 %

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))
=2801.433 - 631.152 - ( 1019.149 - max(0, 818.348 - 1655.677+1019.149))
=1332.952

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))
=2749.911 - 731.43 - ( 1353.764 - max(0, 978.622 - 1974.499+1353.764))
=1022.604

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:

Singapore Exchange'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 )
=566.42/( ( (85.779 + max(-228.876, 0)) + (78.04 + max(-130.334, 0)) )/ 2 )
=566.42/( ( 85.779 + 78.04 )/ 2 )
=566.42/81.9095
=691.52 %

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)
=(538.163 + 0 + 37.955) - (631.152 + 0 + 173.842)
=-228.876

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(620.408 + 0 + 0.327) - (731.43 + 0 + 19.639)
=-130.334

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=540.049/16329.575
=3.31 %

* 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.


Singapore Exchange EBIT Related Terms


Singapore Exchange EBIT Historical Data

* Premium members only.

The historical data trend for Singapore Exchange'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.

Singapore Exchange EBIT Chart

Singapore Exchange Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 336.89 377.23 466.97 494.38 543.00

Singapore Exchange Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 234.40 260.36 299.36 256.84 283.21

STU:SOU vs SPGI, CME, ICE: EBIT Comparison

For the Financial Data & Stock Exchanges subindustry, Singapore Exchange'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.


Singapore Exchange EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Singapore Exchange's EV-to-EBIT distribution charts can be found below:

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


STU:SOU
78GF Score
Singapore Exchange Ltd STU:SOU
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singapore Exchange 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 €540.0 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 €540.0 Mil mean?
Singapore Exchange (STU:SOU) has a EBIT of €540.0 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Singapore Exchange.
Is Singapore Exchange's EBIT too high?
Singapore Exchange's current EBIT is €540.0 Mil. Overall, Singapore Exchange has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Exchange's EBIT compare to SPGI and CME?
Singapore Exchange's EBIT of €540.0 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Singapore Exchange. Singapore Exchange's current EBIT is €540.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Exchange stock overvalued right now?
Based on GuruFocus' analysis, Singapore Exchange (STU:SOU) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.62, compared to a current price of €16.10 — trading 86.8% above its estimated fair value. The current EBIT is €540.0 Mil. Singapore Exchange's overall GF Score™ is 78/100 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 Singapore Exchange (STU:SOU), the current EBIT is €540.0 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 Singapore Exchange (STU:SOU) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Exchange stock appears to be overvalued. The current stock price of €16.10 is trading 86.8% above its estimated GF Value™ of €8.62. GuruFocus considers Singapore Exchange to be Significantly Overvalued.

Key valuation signals for STU:SOU:

  • EBIT: €540.0 Mil
  • GF Value™: €8.62 vs. price of €16.10 (86.8% above fair value)
  • GF Score™: 78/100 with 5 warning signs

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


Singapore Exchange Business Description

Address 2 Shenton Way, No. 02-02, SGX Centre 1, Singapore, SGP, 068804
Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures.
78GF Score

Get the complete analysis for STU:SOU

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

€16.10
Price
€8.62
GF Value