TIM (TIMB) EBIT: $1,424 Mil (TTM As of Mar. 2026)


TIMB TIM SA TIMB
87 GF Score
Price $21.47
GF Value $19.60
Valuation Fairly Valued
! 2 Warning Signs
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What is TIM EBIT?

TIM TIMB -0.83% 87 EBIT is $1,424 Mil as of Mar. 2026. GuruFocus rates TIMB with a GF Score™ of 87/100 and a GF Value™ of $19.60 (Fairly Valued). The stock has 2 warning signs investors should review.

TIM's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $311 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,424 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TIM's annualized ROC % for the quarter that ended in Mar. 2026 was 11.37%. TIM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TIM's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.50%.


TIM  (NYSE:TIMB) EBIT Explanation

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

TIM'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 )
=1203.912 * ( 1 - 17.02% )/( (8544.707 + 9031.472)/ 2 )
=999.0061776/8788.0895
=11.37 %

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))
=10436.64 - 2210.309 - ( 1078.622 - max(0, 2786.291 - 2467.915+1078.622))
=8544.707

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))
=11051.724 - 2267.906 - ( 1122.709 - max(0, 2941.166 - 2693.512+1122.709))
=9031.472

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

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

TIM'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 )
=1242.5/( ( (4247.2 + max(-1142.811, 0)) + (4445.107 + max(-1096.774, 0)) )/ 2 )
=1242.5/( ( 4247.2 + 4445.107 )/ 2 )
=1242.5/4346.1535
=28.59 %

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)
=(898.469 + 65.474 + 197.743) - (2210.309 + 47.57 + 46.618)
=-1142.811

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(988.496 + 74.094 + 280.189) - (2267.906 + 46.762 + 124.885)
=-1096.774

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1423.711/12378.355
=11.50 %

* 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.


TIM EBIT Related Terms


TIM EBIT Historical Data

* Premium members only.

The historical data trend for TIM'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.

TIM EBIT Chart

TIM 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 744.07 631.73 962.11 914.91 1,255.45

TIM Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 214.19 353.95 381.33 377.80 310.63

TIMB vs TMUS, VZ, T: EBIT Comparison

For the Telecom Services subindustry, TIM'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.


TIM EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TIM's EV-to-EBIT distribution charts can be found below:

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


TIMB
87GF Score
TIM SA TIMB
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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TIM 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 $1,424 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 $1,424 Mil mean?
TIM (TIMB) has a EBIT of $1,424 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TIM.
Is TIM's EBIT too high?
TIM's current EBIT is $1,424 Mil. Overall, TIM has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TIM's EBIT compare to TMUS and VZ?
TIM's EBIT of $1,424 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good EBIT depends on the Telecommunication Services 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 TIM. TIM's current EBIT is $1,424 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TIM stock overvalued right now?
Based on GuruFocus' analysis, TIM (TIMB) is currently considered Fairly Valued. The stock's GF Value™ is $19.60, compared to a current price of $21.47 — trading 9.5% above its estimated fair value. The current EBIT is $1,424 Mil. TIM's overall GF Score™ is 87/100 with 2 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 TIM (TIMB), the current EBIT is $1,424 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.

Is TIM (TIMB) Overvalued in 2026?

Based on GuruFocus' analysis, TIM stock appears to be overvalued. The current stock price of $21.47 is trading 9.5% above its estimated GF Value™ of $19.60. GuruFocus considers TIM to be Fairly Valued.

Key valuation signals for TIMB:

  • EBIT: $1,424 Mil
  • GF Value™: $19.60 vs. price of $21.47 (9.5% above fair value)
  • GF Score™: 87/100 with 2 warning signs

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


TIM Business Description

Address Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third-largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026 and will take full ownership of these assets. TIM also resells fiber network access from other providers.
87GF Score

Get the complete analysis for TIMB

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

$21.47
Price
$19.60
GF Value