Fortuna Mining (TSX:FVI) EBIT: C$763 Mil (TTM As of Mar. 2026)


TSX:FVI Fortuna Mining Corp TSX:FVI
94 GF Score
Price C$11.81
GF Value C$8.98
Valuation Significantly Overvalued
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What is Fortuna Mining EBIT?

Fortuna Mining TSX:FVI -3.28% 94 EBIT is C$763 Mil as of Mar. 2026. GuruFocus rates TSX:FVI with a GF Score™ of 94/100 and a GF Value™ of C$8.98 (Significantly Overvalued).

Fortuna Mining's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$253 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$763 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortuna Mining's annualized ROC % for the quarter that ended in Mar. 2026 was 30.18%. Fortuna Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortuna Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.38%.


Fortuna Mining  (TSX:FVI) EBIT Explanation

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

Fortuna Mining'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 )
=999.8 * ( 1 - 32.74% )/( (2231.073 + 2225.544)/ 2 )
=672.46548/2228.3085
=30.18 %

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))
=3256.504 - 324.427 - ( 773.548 - max(0, 353.671 - 1054.675+773.548))
=2231.073

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))
=3419.805 - 356.26 - ( 927.226 - max(0, 385.705 - 1223.706+927.226))
=2225.544

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

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

Fortuna Mining'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 )
=1011.744/( ( (2095.014 + max(-117.241, 0)) + (2085.334 + max(-136.456, 0)) )/ 2 )
=1011.744/( ( 2095.014 + 2085.334 )/ 2 )
=1011.744/2090.174
=48.40 %

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)
=(28.64 + 169.244 + 9.3019999999999) - (324.427 + 0 + -5.6843418860808E-14)
=-117.241

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.476 + 166.098 + 30.231) - (356.26 + 0 + 0.00099999999997635)
=-136.456

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=763.113/3007.331
=25.38 %

* 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.


Fortuna Mining EBIT Related Terms


Fortuna Mining EBIT Historical Data

* Premium members only.

The historical data trend for Fortuna Mining'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.

Fortuna Mining EBIT Chart

Fortuna Mining 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 153.31 -154.54 18.90 240.06 587.74

Fortuna Mining 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 85.76 119.79 218.24 172.15 252.94

TSX:FVI vs NEM, AU: EBIT Comparison

For the Gold subindustry, Fortuna Mining'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.


Fortuna Mining EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's EV-to-EBIT distribution charts can be found below:

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


TSX:FVI
94GF Score
Fortuna Mining Corp TSX:FVI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortuna Mining 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 C$763 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 C$763 Mil mean?
Fortuna Mining (TSX:FVI) has a EBIT of C$763 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fortuna Mining.
Is Fortuna Mining's EBIT too high?
Fortuna Mining's current EBIT is C$763 Mil. Overall, Fortuna Mining has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's EBIT compare to NEM and AU?
Fortuna Mining's EBIT of C$763 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good EBIT depends on the Metals & Mining 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 Fortuna Mining. Fortuna Mining's current EBIT is C$763 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (TSX:FVI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$8.98, compared to a current price of C$11.81 — trading 31.5% above its estimated fair value. The current EBIT is C$763 Mil. Fortuna Mining's overall GF Score™ is 94/100. 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 Fortuna Mining (TSX:FVI), the current EBIT is C$763 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 Fortuna Mining (TSX:FVI) Overvalued in 2026?

Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued. The current stock price of C$11.81 is trading 31.5% above its estimated GF Value™ of C$8.98. GuruFocus considers Fortuna Mining to be Significantly Overvalued.

Key valuation signals for TSX:FVI:

  • EBIT: C$763 Mil
  • GF Value™: C$8.98 vs. price of C$11.81 (31.5% above fair value)
  • GF Score™: 94/100

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


Fortuna Mining Business Description

Address 1111 Melville Street, Suite 820, Vancouver, BC, CAN, V6E 3V6
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
94GF Score

Get the complete analysis for TSX:FVI

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

C$11.81
Price
C$8.98
GF Value