TMRAY (Tomra Systems ASA) EBIT: $155 Mil (TTM As of Mar. 2026)


TMRAY Tomra Systems ASA TMRAY
86 GF Score
Price $9.78
GF Value $16.08
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Tomra Systems ASA EBIT?

Tomra Systems ASA TMRAY +2.52% 86 EBIT is $155 Mil as of Mar. 2026. GuruFocus rates TMRAY with a GF Score™ of 86/100 and a GF Value™ of $16.08 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Tomra Systems ASA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $155 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tomra Systems ASA's annualized ROC % for the quarter that ended in Mar. 2026 was 0.92%. Tomra Systems ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tomra Systems ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.27%.


Tomra Systems ASA  (OTCPK:TMRAY) EBIT Explanation

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

Tomra Systems ASA'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 )
=23.12 * ( 1 - 25% )/( (1866.861 + 1912.139)/ 2 )
=17.34/1889.5
=0.92 %

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))
=2082.201 - 118.033 - ( 97.307 - max(0, 540.984 - 888.876+97.307))
=1866.861

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))
=2107.514 - 90.173 - ( 105.202 - max(0, 590.751 - 913.295+105.202))
=1912.139

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

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

Tomra Systems ASA'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 )
=23.12/( ( (459.016 + max(162.998, 0)) + (462.428 + max(269.365, 0)) )/ 2 )
=23.12/( ( 622.014 + 731.793 )/ 2 )
=23.12/676.9035
=3.42 %

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)
=(336.768 + 298.126 + 5.0360000000001) - (118.033 + 0 + 358.899)
=162.998

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(485.549 + 304.046 + 10.405) - (90.173 + 0 + 440.462)
=269.365

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:

Tomra Systems ASA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=154.995/3626.762
=4.27 %

* 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.


Tomra Systems ASA EBIT Related Terms


Tomra Systems ASA EBIT Historical Data

* Premium members only.

The historical data trend for Tomra Systems ASA'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.

Tomra Systems ASA EBIT Chart

Tomra Systems ASA 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 178.39 148.62 109.38 160.52 185.48

Tomra Systems ASA 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 21.62 48.44 29.34 71.43 5.78

TMRAY vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Tomra Systems ASA'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.


Tomra Systems ASA EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Tomra Systems ASA's EV-to-EBIT distribution charts can be found below:

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


TMRAY
86GF Score
Tomra Systems ASA TMRAY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tomra Systems ASA 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 $155 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 $155 Mil mean?
Tomra Systems ASA (TMRAY) has a EBIT of $155 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tomra Systems ASA.
Is Tomra Systems ASA's EBIT too high?
Tomra Systems ASA's current EBIT is $155 Mil. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's EBIT compare to WM and RSG?
Tomra Systems ASA's EBIT of $155 Mil can be compared against companies in the Waste 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 a Waste Management company?
A good EBIT depends on the Waste 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 Tomra Systems ASA. Tomra Systems ASA's current EBIT is $155 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $16.08, compared to a current price of $9.78 — trading 39.2% below its estimated fair value. The current EBIT is $155 Mil. Tomra Systems ASA's overall GF Score™ is 86/100 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 Tomra Systems ASA (TMRAY), the current EBIT is $155 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?

Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued. The current stock price of $9.78 is trading 39.2% below its estimated GF Value™ of $16.08. GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.

Key valuation signals for TMRAY:

  • EBIT: $155 Mil
  • GF Value™: $16.08 vs. price of $9.78 (39.2% below fair value)
  • GF Score™: 86/100 with 4 warning signs

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


Tomra Systems ASA Business Description

Address Drengsrudhagen 2, Asker, NOR, 1385
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score

Get the complete analysis for TMRAY

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

$9.78
Price
$16.08
GF Value