TCAPF (TP ICAP GROUP) EBIT: $398 Mil (TTM As of Dec. 2025)


TCAPF TP ICAP GROUP PLC TCAPF
77 GF Score
Price $4.50
GF Value $3.43
Valuation Significantly Overvalued
! 9 Warning Signs
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What is TP ICAP GROUP EBIT?

TP ICAP GROUP TCAPF 77 EBIT is $398 Mil as of Dec. 2025. GuruFocus rates TCAPF with a GF Score™ of 77/100 and a GF Value™ of $3.43 (Significantly Overvalued). The stock has 9 warning signs investors should review.

TP ICAP GROUP's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $187 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $398 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TP ICAP GROUP's annualized ROC % for the quarter that ended in Dec. 2025 was 5.75%. TP ICAP GROUP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 149.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TP ICAP GROUP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.19%.


TP ICAP GROUP  (OTCPK:TCAPF) EBIT Explanation

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

TP ICAP GROUP'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 )
=345.382 * ( 1 - 26.17% )/( (4605.156 + 4265.06)/ 2 )
=254.9955306/4435.108
=5.75 %

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))
=10143.826 - 4253.731 - ( 2602.442 - max(0, 6127.544 - 7412.483+2602.442))
=4605.156

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))
=10946.452 - 5323.963 - ( 2864.793 - max(0, 6872.825 - 8230.254+2864.793))
=4265.06

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:

TP ICAP GROUP'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 )
=374.832/( ( (263.229 + max(-1343.283, 0)) + (236.948 + max(-1508.702, 0)) )/ 2 )
=374.832/( ( 263.229 + 236.948 )/ 2 )
=374.832/250.0885
=149.88 %

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)
=(453.189 + 0 + 4234.736) - (4253.731 + 0 + 1777.477)
=-1343.283

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(413.655 + 0 + 4829.986) - (5323.963 + 0 + 1428.38)
=-1508.702

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:

TP ICAP GROUP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=397.728/1877.302
=21.19 %

* 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.


TP ICAP GROUP EBIT Related Terms


TP ICAP GROUP EBIT Historical Data

* Premium members only.

The historical data trend for TP ICAP 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.

TP ICAP GROUP EBIT Chart

TP ICAP GROUP 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 106.38 203.41 201.27 346.40 394.91

TP ICAP GROUP 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 54.43 190.84 156.76 210.31 187.42

TCAPF vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, TP ICAP 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.


TP ICAP GROUP EV-to-EBIT vs Capital Markets Industry

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

* The bar in red indicates where TP ICAP GROUP's EV-to-EBIT falls into.


TCAPF
77GF Score
TP ICAP GROUP PLC TCAPF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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TP ICAP 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $398 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 $398 Mil mean?
TP ICAP GROUP (TCAPF) has a EBIT of $398 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TP ICAP GROUP.
Is TP ICAP GROUP's EBIT too high?
TP ICAP GROUP's current EBIT is $398 Mil. Overall, TP ICAP GROUP has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TP ICAP GROUP's EBIT compare to MS and GS?
TP ICAP GROUP's EBIT of $398 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 TP ICAP GROUP. TP ICAP GROUP's current EBIT is $398 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TP ICAP GROUP stock overvalued right now?
Based on GuruFocus' analysis, TP ICAP GROUP (TCAPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.43, compared to a current price of $4.50 — trading 31.2% above its estimated fair value. The current EBIT is $398 Mil. TP ICAP GROUP's overall GF Score™ is 77/100 with 9 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 TP ICAP GROUP (TCAPF), the current EBIT is $398 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 TP ICAP GROUP (TCAPF) Overvalued in 2026?

Based on GuruFocus' analysis, TP ICAP GROUP stock appears to be overvalued. The current stock price of $4.50 is trading 31.2% above its estimated GF Value™ of $3.43. GuruFocus considers TP ICAP GROUP to be Significantly Overvalued.

Key valuation signals for TCAPF:

  • EBIT: $398 Mil
  • GF Value™: $3.43 vs. price of $4.50 (31.2% above fair value)
  • GF Score™: 77/100 with 9 warning signs

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


TP ICAP GROUP Business Description

Other Exchanges TCAPl:UKTCAP:UK8D7:Germany
Address 135 Bishopsgate, London, GBR, EC2M 3TP
TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy, and commodities products. Its role includes creating liquidity and price discovery in markets and providing insight and context to the clients. The company provides proprietary over-the-counter ('OTC') pricing information in the world with the data on financial, energy, and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers, and charities. The company's segments include Global Broking which generates key revenue, Energy & Commodities, Liquidnet, Parameta Solutions, and Corporate.
77GF Score

Get the complete analysis for TCAPF

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

$4.50
Price
$3.43
GF Value