Imperial Oil (TSX:IMO) EBIT: C$3,836 Mil (TTM As of Mar. 2026)


TSX:IMO Imperial Oil Ltd TSX:IMO
80 GF Score
Price C$160.92
GF Value C$113.41
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Imperial Oil EBIT?

Imperial Oil TSX:IMO +0.33% 80 EBIT is C$3,836 Mil as of Mar. 2026. GuruFocus rates TSX:IMO with a GF Score™ of 80/100 and a GF Value™ of C$113.41 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Imperial Oil's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$1,243 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$3,836 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Imperial Oil's annualized ROC % for the quarter that ended in Mar. 2026 was 10.46%. Imperial Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Imperial Oil's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.74%.

Imperial Oil  (TSX:IMO) EBIT Explanation

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

Imperial Oil'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 )
=4852 * ( 1 - 23.7% )/( (35721 + 35095)/ 2 )
=3702.076/35408
=10.46 %

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))
=42309 - 5446 - ( 1142 - max(0, 6616 - 8417+1142))
=35721

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))
=45453 - 9329 - ( 1029 - max(0, 9348 - 11519+1029))
=35095

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

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

Imperial Oil'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 )
=4972/( ( (30863 + max(678, 0)) + (30823 + max(1161, 0)) )/ 2 )
=4972/( ( 31541 + 31984 )/ 2 )
=4972/31762.5
=15.65 %

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)
=(4371 + 2904 + 0) - (5446 + 0 + 1151)
=678

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7649 + 2841 + 0) - (9329 + 0 + 0)
=1161

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3836/80929.740
=4.74 %

* 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.

Imperial Oil EBIT Related Terms

Imperial Oil EBIT Historical Data

* Premium members only.

The historical data trend for Imperial Oil'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.

Imperial Oil EBIT Chart

Imperial Oil 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 3,337.00 9,544.00 6,438.00 6,280.00 4,288.00

Imperial Oil 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 1,698.00 1,246.00 709.00 638.00 1,243.00

TSX:IMO vs XOM, CVX: EBIT Comparison

For the Oil & Gas Integrated subindustry, Imperial Oil'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.

Imperial Oil EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Imperial Oil's EV-to-EBIT distribution charts can be found below:

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


TSX:IMO
80GF Score
Imperial Oil Ltd TSX:IMO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Imperial Oil 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$3,836 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$3,836 Mil mean?
Imperial Oil (TSX:IMO) has a EBIT of C$3,836 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Imperial Oil.
Is Imperial Oil's EBIT too high?
Imperial Oil's current EBIT is C$3,836 Mil. Overall, Imperial Oil has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imperial Oil's EBIT compare to XOM and CVX?
Imperial Oil's EBIT of C$3,836 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good EBIT depends on the Oil & Gas 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 Imperial Oil. Imperial Oil's current EBIT is C$3,836 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Oil stock overvalued right now?
Based on GuruFocus' analysis, Imperial Oil (TSX:IMO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$113.41, compared to a current price of C$160.92 — trading 41.9% above its estimated fair value. The current EBIT is C$3,836 Mil. Imperial Oil's overall GF Score™ is 80/100 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 Imperial Oil (TSX:IMO), the current EBIT is C$3,836 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 Imperial Oil (TSX:IMO) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued. The current stock price of C$160.92 is trading 41.9% above its estimated GF Value™ of C$113.41. GuruFocus considers Imperial Oil to be Significantly Overvalued.

Key valuation signals for TSX:IMO:

  • EBIT: C$3,836 Mil
  • GF Value™: C$113.41 vs. price of C$160.92 (41.9% above fair value)
  • GF Score™: 80/100 with 2 warning signs

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

Imperial Oil Business Description

Industry EnergyOil & Gas
Other Exchanges IMO:USAIMP:Germany
Address 505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
80GF Score

Get the complete analysis for TSX:IMO

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

C$160.92
Price
C$113.41
GF Value