VEON (VEON) EBIT: $1,415 Mil (TTM As of Mar. 2026)


VEON VEON Ltd VEON
77 GF Score
Price $51.65
GF Value $40.08
Valuation Modestly Overvalued
! 3 Warning Signs
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What is VEON EBIT?

VEON VEON -0.37% 77 EBIT is $1,415 Mil as of Mar. 2026. GuruFocus rates VEON with a GF Score™ of 77/100 and a GF Value™ of $40.08 (Modestly Overvalued). The stock has 3 warning signs investors should review.

VEON's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $333 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,415 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VEON's annualized ROC % for the quarter that ended in Mar. 2026 was 10.13%. VEON's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VEON's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.62%.


VEON  (NAS:VEON) EBIT Explanation

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

VEON'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 )
=1232 * ( 1 - 32.79% )/( (7826 + 8516)/ 2 )
=828.0272/8171
=10.13 %

where

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

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

VEON'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 )
=1332/( ( (3757 + max(-1887, 0)) + (3824 + max(-1662, 0)) )/ 2 )
=1332/( ( 3757 + 3824 )/ 2 )
=1332/3790.5
=35.14 %

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)
=(249 + 32 + 166) - (1712 + 217 + 405)
=-1887

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(304 + 29 + 215) - (1595 + 0 + 615)
=-1662

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1415/7211.317
=19.62 %

* 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.


VEON EBIT Related Terms


VEON EBIT Historical Data

* Premium members only.

The historical data trend for VEON'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.

VEON EBIT Chart

VEON 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 1,055.00 1,385.00 1,090.00 1,199.00 1,320.00

VEON Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 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 249.00 800.00 49.00 233.00 333.00

VEON vs LBTYA, AD, TDS: EBIT Comparison

For the Telecom Services subindustry, VEON'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.


VEON EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, VEON's EV-to-EBIT distribution charts can be found below:

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


VEON
77GF Score
VEON Ltd VEON
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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VEON 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 $1,415 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 $1,415 Mil mean?
VEON (VEON) has a EBIT of $1,415 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VEON.
Is VEON's EBIT too high?
VEON's current EBIT is $1,415 Mil. Overall, VEON has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VEON's EBIT compare to LBTYA and AD?
VEON's EBIT of $1,415 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good EBIT depends on the Telecommunication Services 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 VEON. VEON's current EBIT is $1,415 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VEON stock overvalued right now?
Based on GuruFocus' analysis, VEON (VEON) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.08, compared to a current price of $51.65 — trading 28.9% above its estimated fair value. The current EBIT is $1,415 Mil. VEON's overall GF Score™ is 77/100 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 VEON (VEON), the current EBIT is $1,415 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 VEON (VEON) Overvalued in 2026?

Based on GuruFocus' analysis, VEON stock appears to be overvalued. The current stock price of $51.65 is trading 28.9% above its estimated GF Value™ of $40.08. GuruFocus considers VEON to be Modestly Overvalued.

Key valuation signals for VEON:

  • EBIT: $1,415 Mil
  • GF Value™: $40.08 vs. price of $51.65 (28.9% above fair value)
  • GF Score™: 77/100 with 3 warning signs

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


VEON Business Description

Address Index Tower East Tower, Unit 1703, Dubai, ARE
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. Its telecommunications and digital services include voice, fixed broadband, data and cloud services.
77GF Score

Get the complete analysis for VEON

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

$51.65
Price
$40.08
GF Value