Tenaz Energy (TSX:TNZ) EBIT: C$108.4 Mil (TTM As of Mar. 2026)


TSX:TNZ Tenaz Energy Corp TSX:TNZ
85 GF Score
Price C$46.20
GF Value C$63.57
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Tenaz Energy EBIT?

Tenaz Energy TSX:TNZ -0.22% 85 EBIT is C$108.4 Mil as of Mar. 2026. GuruFocus rates TSX:TNZ with a GF Score™ of 85/100 and a GF Value™ of C$63.57 (Modestly Undervalued). The stock has 10 warning signs investors should review.

Tenaz Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$-183.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$108.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tenaz Energy's annualized ROC % for the quarter that ended in Mar. 2026 was 2.28%. Tenaz Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -32.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tenaz Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.80%.


Tenaz Energy  (TSX:TNZ) EBIT Explanation

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

Tenaz Energy'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 )
=92.832 * ( 1 - 41.97% )/( (2267.776 + 2451.961)/ 2 )
=53.8704096/2359.8685
=2.28 %

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))
=2529.687 - 280.164 - ( 64.241 - max(0, 305.301 - 287.048+64.241))
=2267.776

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))
=2626.878 - 308.293 - ( 24.419 - max(0, 431.79 - 298.414+24.419))
=2451.961

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

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

Tenaz Energy'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 )
=-732.176/( ( (2202.881 + max(-72.16, 0)) + (2302.858 + max(-147.461, 0)) )/ 2 )
=-732.176/( ( 2202.881 + 2302.858 )/ 2 )
=-732.176/2252.8695
=-32.50 %

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)
=(151.605 + 0 + 71.202) - (280.164 + 0 + 14.803)
=-72.16

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(153.151 + 0 + 120.844) - (308.293 + 0 + 113.163)
=-147.461

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=108.355/1866.595
=5.80 %

* 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.


Tenaz Energy EBIT Related Terms


Tenaz Energy EBIT Historical Data

* Premium members only.

The historical data trend for Tenaz Energy'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.

Tenaz Energy EBIT Chart

Tenaz Energy 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 8.63 5.99 -0.34 -16.60 287.13

Tenaz Energy 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 -4.27 190.35 19.87 81.18 -183.04

TSX:TNZ vs COP, EOG, OXY: EBIT Comparison

For the Oil & Gas E&P subindustry, Tenaz Energy'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.


Tenaz Energy EV-to-EBIT vs Oil & Gas Industry

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

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


TSX:TNZ
85GF Score
Tenaz Energy Corp TSX:TNZ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tenaz Energy 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$108.4 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$108.4 Mil mean?
Tenaz Energy (TSX:TNZ) has a EBIT of C$108.4 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tenaz Energy.
Is Tenaz Energy's EBIT too high?
Tenaz Energy's current EBIT is C$108.4 Mil. Overall, Tenaz Energy has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenaz Energy's EBIT compare to COP and EOG?
Tenaz Energy's EBIT of C$108.4 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 Tenaz Energy. Tenaz Energy's current EBIT is C$108.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Tenaz Energy (TSX:TNZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$63.57, compared to a current price of C$46.20 — trading 27.3% below its estimated fair value. The current EBIT is C$108.4 Mil. Tenaz Energy's overall GF Score™ is 85/100 with 10 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 Tenaz Energy (TSX:TNZ), the current EBIT is C$108.4 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 Tenaz Energy (TSX:TNZ) Overvalued in 2026?

Based on GuruFocus' analysis, Tenaz Energy stock appears to be undervalued. The current stock price of C$46.20 is trading 27.3% below its estimated GF Value™ of C$63.57. GuruFocus considers Tenaz Energy to be Modestly Undervalued.

Key valuation signals for TSX:TNZ:

  • EBIT: C$108.4 Mil
  • GF Value™: C$63.57 vs. price of C$46.20 (27.3% below fair value)
  • GF Score™: 85/100 with 10 warning signs

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


Tenaz Energy Business Description

Industry EnergyOil & Gas
Other Exchanges ATUUF:USA7F4:Germany
Address 605 5th Avenue SW, Suite 700, Calgary, AB, CAN, T2P 3H5
Tenaz Energy Corp is an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. Tenaz has domestic operations in Canada along with offshore natural gas and midstream assets in the Netherlands. The group produces crude oil and natural gas from several formations within the Mannville Group at Leduc-Woodbend in central Alberta. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.
85GF Score

Get the complete analysis for TSX:TNZ

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

C$46.20
Price
C$63.57
GF Value