VEFFF (VEF AB) EBIT: $59.39 Mil (TTM As of Mar. 2026)

What is VEF AB EBIT?

VEF AB VEFFF 43 EBIT is $59.39 Mil as of Mar. 2026. GuruFocus rates VEFFF with a GF Score™ of 43/100. The stock has 3 warning signs investors should review.

VEF AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-24.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $59.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VEF AB's annualized ROC % for the quarter that ended in Mar. 2026 was -21.69%. VEF AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VEF AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.46%.

VEF AB (OTCPK:VEFFF) EBIT Explanation

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

VEF AB'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 )
=	-101.448 * ( 1 - 0.16% )	/	( (478.898	+	455.033)	/ 2 )
=	-101.2856832	/	466.9655
=	-21.69 %

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	))
=	463.693	-	0.183	-	( 10.513	-	max(0, 26.273	-	10.885	+	10.513	))
=	478.898

	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	))
=	438.811	-	0.11	-	( 9.759	-	max(0, 26.641	-	10.309	+	9.759	))
=	455.033

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

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

VEF AB'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 )
=	-98.996	/	( ( (0 + max(-26.048, 0))	+	(0 + max(-26.393, 0)) )	/	2 )
=	-98.996	/	( ( 0	+	0 )	/	2 )
=	-98.996	/	0
=	%

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)
=	(0	+	0	+	0.225)	-	(0.183	+	0	+	26.09)
=	-26.048

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.248)	-	(0.11	+	0	+	26.531)
=	-26.393

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:

VEF AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	59.387	/	177.467
	=	33.46 %

* 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.

VEF AB EBIT Related Terms

VEF AB EBIT Historical Data

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The historical data trend for VEF AB's EBIT can be seen below:

VEF AB EBIT Chart

VEF AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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275.54

-374.32

68.16

-81.75

89.39

VEF AB 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															5.26	22.47	32.90	28.77	-24.75

VEFFF vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, VEF AB'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.

VEF AB EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, VEF AB's EV-to-EBIT distribution charts can be found below:

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

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43GF Score

VEF AB VEFFF

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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VEF AB 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 $59.39 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $59.39 Mil mean?

VEF AB (VEFFF) has a EBIT of $59.39 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VEF AB.

Is VEF AB's EBIT too high?

VEF AB's current EBIT is $59.39 Mil. Overall, VEF AB has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.

How does VEF AB's EBIT compare to BLK and BX?

VEF AB's EBIT of $59.39 Mil can be compared against companies in the Asset 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 an Asset Management company?

A good EBIT depends on the Asset 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 VEF AB. VEF AB's current EBIT is $59.39 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is VEF AB stock overvalued right now?

VEF AB (VEFFF) has a current EBIT of $59.39 Mil. The current EBIT is $59.39 Mil. VEF AB's overall GF Score™ is 43/100 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 VEF AB (VEFFF), the current EBIT is $59.39 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.

VEF AB Business Description

Industry Financial Services Asset Management

Comparable Companies OSTO:VNV OSTO:CAT A NGM:ARBO A NGM:CPEI OSTO:TRAC B OSTO:CASE OSTO:HILB B OSTO:NAXS OSTO:BMC OSTO:SEAF BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Other Exchanges VEFAB:Sweden 0TX:Germany

Address Master Samuelsgatan 1, 1st Floor, Stockholm, SWE, 111 44

Website https://www.vef.vc

VEF AB is an investment company that invests in growth-stage private fintech companies. The Company focuses on scaling emerging markets and invests across various areas of financial services, including payments, credit, mobile money, and wealth advisory. Its investment portfolio is concentrated in emerging markets such as Brazil, Mexico, India, and Pakistan.

43GF Score

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