Arctic Paper (WAR:ATC) EBIT: zł-221 Mil (TTM As of Mar. 2026)


WAR:ATC Arctic Paper SA WAR:ATC
58 GF Score
Price zł5.80
GF Value zł14.28
Valuation Possible Value Trap
! 6 Warning Signs
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What is Arctic Paper EBIT?

Arctic Paper WAR:ATC +0.17% 58 EBIT is zł-221 Mil as of Mar. 2026. GuruFocus rates WAR:ATC with a GF Score™ of 58/100 and a GF Value™ of zł14.28 (Possible Value Trap). The stock has 6 warning signs investors should review.

Arctic Paper's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł-33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł-221 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arctic Paper's annualized ROC % for the quarter that ended in Mar. 2026 was -6.05%. Arctic Paper's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -7.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arctic Paper's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -24.89%.


Arctic Paper  (WAR:ATC) EBIT Explanation

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

Arctic Paper'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 )
=-144.66 * ( 1 - 12.11% )/( (2078.159 + 2124.163)/ 2 )
=-127.141674/2101.161
=-6.05 %

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))
=2676.405 - 445.7 - ( 152.546 - max(0, 776.136 - 1033.319+152.546))
=2078.159

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))
=2683.642 - 442.845 - ( 116.634 - max(0, 692.625 - 1033.57+116.634))
=2124.163

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

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

Arctic Paper'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 )
=-133.64/( ( (1527.706 + max(275.869, 0)) + (1511.38 + max(352.499, 0)) )/ 2 )
=-133.64/( ( 1803.575 + 1863.879 )/ 2 )
=-133.64/1833.727
=-7.29 %

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)
=(305.025 + 443.529 + 103.147) - (445.7 + 0 + 130.132)
=275.869

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(427.478 + 415.547 + 73.911) - (442.845 + 0 + 121.592)
=352.499

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-220.919/887.498
=-24.89 %

* 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.


Arctic Paper EBIT Related Terms


Arctic Paper EBIT Historical Data

* Premium members only.

The historical data trend for Arctic Paper'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.

Arctic Paper EBIT Chart

Arctic Paper 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 242.18 934.70 348.00 200.63 -195.98

Arctic Paper 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 -8.47 -87.04 4.72 -105.18 -33.41

WAR:ATC vs SLVM: EBIT Comparison

For the Paper & Paper Products subindustry, Arctic Paper'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.


Arctic Paper EV-to-EBIT vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Arctic Paper's EV-to-EBIT distribution charts can be found below:

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


WAR:ATC
58GF Score
Arctic Paper SA WAR:ATC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arctic Paper 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 zł-221 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 zł-221 Mil mean?
Arctic Paper (WAR:ATC) has a EBIT of zł-221 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Arctic Paper.
Is Arctic Paper's EBIT too high?
Arctic Paper's current EBIT is zł-221 Mil. Overall, Arctic Paper has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arctic Paper's EBIT compare to SLVM?
Arctic Paper's EBIT of zł-221 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good EBIT depends on the Forest Products 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 Arctic Paper. Arctic Paper's current EBIT is zł-221 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctic Paper stock overvalued right now?
Based on GuruFocus' analysis, Arctic Paper (WAR:ATC) is currently considered Possible Value Trap. The stock's GF Value™ is zł14.28, compared to a current price of zł5.80 — trading 59.4% below its estimated fair value. The current EBIT is zł-221 Mil. Arctic Paper's overall GF Score™ is 58/100 with 6 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 Arctic Paper (WAR:ATC), the current EBIT is zł-221 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 Arctic Paper (WAR:ATC) Overvalued in 2026?

Based on GuruFocus' analysis, Arctic Paper stock appears to be undervalued. The current stock price of zł5.80 is trading 59.4% below its estimated GF Value™ of zł14.28. GuruFocus considers Arctic Paper to be Possible Value Trap.

Key valuation signals for WAR:ATC:

  • EBIT: zł-221 Mil
  • GF Value™: zł14.28 vs. price of zł5.80 (59.4% below fair value)
  • GF Score™: 58/100 with 6 warning signs

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


Arctic Paper Business Description

Other Exchanges ARP:SwedenA0P:Germany
Address UL. Fabryczna 1, Kostrzyn nad Odra, Lubuskie, POL, 66470
Arctic Paper SA produces a volume of bulky book paper and produces high-quality graphic paper in Europe. The group produces numerous types of uncoated and coated wood-free paper as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses, and the advertising industry. The company's segment includes Paper and Pulp. The firm derives maximum revenue from the Paper segment. The majority of revenue is generated from Uncoated segment. Geographically, the firm derives revenue from Germany, France, the UK, Scandinavia, Western Europe (other countries), Poland, Central and Eastern Europe (other than Poland), and Outside Europe.
58GF Score

Get the complete analysis for WAR:ATC

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

zł5.80
Price
zł14.28
GF Value