VEOEY (Veolia Environnement) EBIT: $3,718 Mil (TTM As of Dec. 2025)


VEOEY Veolia Environnement SA VEOEY
82 GF Score
Price $20.35
GF Value $16.99
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Veolia Environnement EBIT?

Veolia Environnement VEOEY -1.00% 82 EBIT is $3,718 Mil as of Dec. 2025. GuruFocus rates VEOEY with a GF Score™ of 82/100 and a GF Value™ of $16.99 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Veolia Environnement's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $1,828 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $3,718 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veolia Environnement's annualized ROC % for the quarter that ended in Dec. 2025 was 4.85%. Veolia Environnement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veolia Environnement's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.28%.


Veolia Environnement  (OTCPK:VEOEY) EBIT Explanation

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

Veolia Environnement's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=4194.38 * ( 1 - 24.89% )/( (63001.154 + 67040.983)/ 2 )
=3150.398818/65021.0685
=4.85 %

where

Invested Capital(Q: Jun. 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))
=79549.02 - 20429.066 - ( 10913.495 - max(0, 32886.967 - 29005.767+10913.495))
=63001.154

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))
=82752.927 - 20600.703 - ( 11200.234 - max(0, 35174.473 - 30285.714+11200.234))
=67040.983

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Veolia Environnement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3655.738/( ( (22316.032 + max(-13040.369, 0)) + (23289.227 + max(-17163.934, 0)) )/ 2 )
=3655.738/( ( 22316.032 + 23289.227 )/ 2 )
=3655.738/22802.6295
=16.03 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15569.781 + 1765.859 + 305.652) - (20429.066 + 0 + 10252.595)
=-13040.369

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10950.82 + 1715.457 + 2844.262) - (20600.703 + 0 + 12073.77)
=-17163.934

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Veolia Environnement's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=3718.296/44889.416
=8.28 %

* 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.


Veolia Environnement EBIT Related Terms


Veolia Environnement EBIT Historical Data

* Premium members only.

The historical data trend for Veolia Environnement'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.

Veolia Environnement EBIT Chart

Veolia Environnement 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 1,486.44 2,276.48 2,930.21 3,166.49 3,747.07

Veolia Environnement Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1,364.23 1,714.75 1,498.43 1,890.43 1,827.87

VEOEY vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Veolia Environnement'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.


Veolia Environnement EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Veolia Environnement's EV-to-EBIT distribution charts can be found below:

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


VEOEY
82GF Score
Veolia Environnement SA VEOEY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Veolia Environnement 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $3,718 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 $3,718 Mil mean?
Veolia Environnement (VEOEY) has a EBIT of $3,718 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Veolia Environnement.
Is Veolia Environnement's EBIT too high?
Veolia Environnement's current EBIT is $3,718 Mil. Overall, Veolia Environnement has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veolia Environnement's EBIT compare to WM and RSG?
Veolia Environnement's EBIT of $3,718 Mil can be compared against companies in the Waste 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 a Waste Management company?
A good EBIT depends on the Waste 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 Veolia Environnement. Veolia Environnement's current EBIT is $3,718 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veolia Environnement stock overvalued right now?
Based on GuruFocus' analysis, Veolia Environnement (VEOEY) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.99, compared to a current price of $20.35 — trading 19.8% above its estimated fair value. The current EBIT is $3,718 Mil. Veolia Environnement's overall GF Score™ is 82/100 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 Veolia Environnement (VEOEY), the current EBIT is $3,718 Mil as of Dec. 2025. 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 Veolia Environnement (VEOEY) Overvalued in 2026?

Based on GuruFocus' analysis, Veolia Environnement stock appears to be overvalued. The current stock price of $20.35 is trading 19.8% above its estimated GF Value™ of $16.99. GuruFocus considers Veolia Environnement to be Modestly Overvalued.

Key valuation signals for VEOEY:

  • EBIT: $3,718 Mil
  • GF Value™: $16.99 vs. price of $20.35 (19.8% above fair value)
  • GF Score™: 82/100 with 10 warning signs

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


Veolia Environnement Business Description

Address 30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300
Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of Suez in 2022 drove an EBITDA increase of nearly 40%.
82GF Score

Get the complete analysis for VEOEY

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

$20.35
Price
$16.99
GF Value