Develia (WAR:DVL) EBIT: zł542 Mil (TTM As of Mar. 2026)


WAR:DVL Develia SA WAR:DVL
84 GF Score
Price zł10.38
GF Value zł8.01
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Develia EBIT?

Develia WAR:DVL +1.76% 84 EBIT is zł542 Mil as of Mar. 2026. GuruFocus rates WAR:DVL with a GF Score™ of 84/100 and a GF Value™ of zł8.01 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Develia's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł226 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł542 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Develia's annualized ROC % for the quarter that ended in Mar. 2026 was 16.67%. Develia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Develia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.16%.


Develia  (WAR:DVL) EBIT Explanation

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

Develia'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=900.484 * ( 1 - 20.43% )/( (4306.211 + 4289.237)/ 2 )
=716.5151188/4297.724
=16.67 %

where

Invested Capital(Q: Sep. 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))
=5016.311 - 368.902 - ( 341.198 - max(0, 2374.449 - 4455.959+341.198))
=4306.211

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))
=5148.564 - 434.558 - ( 424.769 - max(0, 2070.683 - 4655.317+424.769))
=4289.237

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

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

Develia'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=904.844/( ( (37.479 + max(1903.339, 0)) + (40.566 + max(2222.782, 0)) )/ 2 )
=904.844/( ( 1940.818 + 2263.348 )/ 2 )
=904.844/2102.083
=43.05 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.062 + 3676.787 + 372.688) - (368.902 + 0 + 1786.296)
=1903.339

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.107 + 3768.965 + 389.59) - (434.558 + 0 + 1519.322)
=2222.782

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=542.152/5335.678
=10.16 %

* 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.


Develia EBIT Related Terms


Develia EBIT Historical Data

* Premium members only.

The historical data trend for Develia'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.

Develia EBIT Chart

Develia Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -115.45 219.36 286.43 363.13 490.02

Develia Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 209.35 64.68 144.04 171.91 226.21

Develia EBIT Competitor Comparison

For the Real Estate - Development subindustry, Develia'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.


Develia EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Develia's EV-to-EBIT distribution charts can be found below:

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


WAR:DVL
84GF Score
Develia SA WAR:DVL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Develia 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 zł542 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 zł542 Mil mean?
Develia (WAR:DVL) has a EBIT of zł542 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Develia.
Is Develia's EBIT too high?
Develia's current EBIT is zł542 Mil. Overall, Develia has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Develia's EBIT compare to competitors?
Develia's EBIT of zł542 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 Develia. Develia's current EBIT is zł542 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develia stock overvalued right now?
Based on GuruFocus' analysis, Develia (WAR:DVL) is currently considered Modestly Overvalued. The stock's GF Value™ is zł8.01, compared to a current price of zł10.38 — trading 29.6% above its estimated fair value. The current EBIT is zł542 Mil. Develia's overall GF Score™ is 84/100 with 8 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 Develia (WAR:DVL), the current EBIT is zł542 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 Develia (WAR:DVL) Overvalued in 2026?

Based on GuruFocus' analysis, Develia stock appears to be overvalued. The current stock price of zł10.38 is trading 29.6% above its estimated GF Value™ of zł8.01. GuruFocus considers Develia to be Modestly Overvalued.

Key valuation signals for WAR:DVL:

  • EBIT: zł542 Mil
  • GF Value™: zł8.01 vs. price of zł10.38 (29.6% above fair value)
  • GF Score™: 84/100 with 8 warning signs

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


Develia Business Description

Other Exchanges 0LVI:UK94L:Germany
Address ul. Powstancow Slaskich 2-4, Wroclaw, POL, 53-333
Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz.
84GF Score

Get the complete analysis for WAR:DVL

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

zł10.38
Price
zł8.01
GF Value