High Liner Foods (TSX:HLF) EBIT: C$81 Mil (TTM As of Mar. 2026)


TSX:HLF High Liner Foods Inc TSX:HLF
82 GF Score
Price C$14.55
GF Value C$17.04
Valuation Modestly Undervalued
! 3 Warning Signs
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What is High Liner Foods EBIT?

High Liner Foods TSX:HLF -0.27% 82 EBIT is C$81 Mil as of Mar. 2026. GuruFocus rates TSX:HLF with a GF Score™ of 82/100 and a GF Value™ of C$17.04 (Modestly Undervalued). The stock has 3 warning signs investors should review.

High Liner Foods's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. High Liner Foods's annualized ROC % for the quarter that ended in Mar. 2026 was 8.19%. High Liner Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. High Liner Foods's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.82%.


High Liner Foods  (TSX:HLF) EBIT Explanation

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

High Liner Foods'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 )
=119.024 * ( 1 - 26.67% )/( (1076.857 + 1054.863)/ 2 )
=87.2802992/1065.86
=8.19 %

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))
=1329.779 - 250.963 - ( 1.959 - max(0, 307.776 - 671.168+1.959))
=1076.857

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))
=1294.155 - 215.278 - ( 24.014 - max(0, 255.202 - 625.676+24.014))
=1054.863

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

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

High Liner Foods'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 )
=99.876/( ( (203.144 + max(364.757, 0)) + (207.754 + max(355.981, 0)) )/ 2 )
=99.876/( ( 567.901 + 563.735 )/ 2 )
=99.876/565.818
=17.65 %

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)
=(123.68 + 521.234 + 11.202) - (250.963 + 5.355 + 35.041)
=364.757

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(120.117 + 466.495 + 8.5600000000001) - (215.278 + 5.284 + 18.629)
=355.981

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:

High Liner Foods's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=80.981/824.960
=9.82 %

* 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.


High Liner Foods EBIT Related Terms


High Liner Foods EBIT Historical Data

* Premium members only.

The historical data trend for High Liner Foods'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.

High Liner Foods EBIT Chart

High Liner Foods 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 80.88 112.53 78.89 131.20 89.81

High Liner Foods 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 35.02 20.58 13.53 21.91 24.97

TSX:HLF vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, High Liner Foods'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.


High Liner Foods EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, High Liner Foods's EV-to-EBIT distribution charts can be found below:

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


TSX:HLF
82GF Score
High Liner Foods Inc TSX:HLF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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High Liner Foods 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$81 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$81 Mil mean?
High Liner Foods (TSX:HLF) has a EBIT of C$81 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on High Liner Foods.
Is High Liner Foods' EBIT too high?
High Liner Foods' current EBIT is C$81 Mil. Overall, High Liner Foods has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Liner Foods' EBIT compare to KHC and GIS?
High Liner Foods' EBIT of C$81 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 High Liner Foods. High Liner Foods's current EBIT is C$81 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Liner Foods stock overvalued right now?
Based on GuruFocus' analysis, High Liner Foods (TSX:HLF) is currently considered Modestly Undervalued. The stock's GF Value™ is C$17.04, compared to a current price of C$14.55 — trading 14.6% below its estimated fair value. The current EBIT is C$81 Mil. High Liner Foods' overall GF Score™ is 82/100 with 3 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 High Liner Foods (TSX:HLF), the current EBIT is C$81 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 High Liner Foods (TSX:HLF) Overvalued in 2026?

Based on GuruFocus' analysis, High Liner Foods stock appears to be undervalued. The current stock price of C$14.55 is trading 14.6% below its estimated GF Value™ of C$17.04. GuruFocus considers High Liner Foods to be Modestly Undervalued.

Key valuation signals for TSX:HLF:

  • EBIT: C$81 Mil
  • GF Value™: C$17.04 vs. price of C$14.55 (14.6% below fair value)
  • GF Score™: 82/100 with 3 warning signs

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


High Liner Foods Business Description

Other Exchanges HLNFF:USA28Y:Germany
Address 100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0
High Liner Foods Inc is a Canadian company that is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company's retail branded products are sold throughout the United States and Canada under the High Liner, Sea Cuisine, Mrs. Paul's, Van de Kamp's, Fisher Boy, C.Wirthy, Mirabel, and Catch of the Day labels, and are available in grocery and club stores. It also sells branded products under the High Liner, Icelandic Seafood, Mirabel, and FPI labels to restaurants and institutions, and is a supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.
82GF Score

Get the complete analysis for TSX:HLF

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

C$14.55
Price
C$17.04
GF Value