ML System (WAR:MLS) EBIT: zł-22.43 Mil (TTM As of Mar. 2026)


WAR:MLS ML System SA WAR:MLS
73 GF Score
Price zł14.64
GF Value zł22.93
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is ML System EBIT?

ML System WAR:MLS +1.53% 73 EBIT is zł-22.43 Mil as of Mar. 2026. GuruFocus rates WAR:MLS with a GF Score™ of 73/100 and a GF Value™ of zł22.93 (Possible Value Trap). The stock has 8 warning signs investors should review.

ML System's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł-5.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł-22.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ML System's annualized ROC % for the quarter that ended in Mar. 2026 was -3.97%. ML System's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ML System's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -8.42%.


ML System  (WAR:MLS) EBIT Explanation

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

ML System'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 )
=-20.612 * ( 1 - 0% )/( (513.023 + 524.278)/ 2 )
=-20.612/518.6505
=-3.97 %

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:

ML System'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 )
=-20.584/( ( (363.5 + max(-20.347, 0)) + (357.262 + max(-13.258, 0)) )/ 2 )
=-20.584/( ( 363.5 + 357.262 )/ 2 )
=-20.584/360.381
=-5.71 %

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)
=(51.032 + 33.824 + 0) - (88.484 + 0 + 16.719)
=-20.347

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.469 + 20.578 + 1.4210854715202E-14) - (82.499 + 0 + 18.806)
=-13.258

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-22.428/266.472
=-8.42 %

* 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.


ML System EBIT Related Terms


ML System EBIT Historical Data

* Premium members only.

The historical data trend for ML System'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.

ML System EBIT Chart

ML System 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 11.46 4.50 7.07 -7.32 -31.22

ML System 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 -14.40 -13.43 -13.36 -3.92 -5.15

WAR:MLS vs FSLR, NXT, ENPH: EBIT Comparison

For the Solar subindustry, ML System'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.


ML System EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ML System's EV-to-EBIT distribution charts can be found below:

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


WAR:MLS
73GF Score
ML System SA WAR:MLS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ML System 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-22.43 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-22.43 Mil mean?
ML System (WAR:MLS) has a EBIT of zł-22.43 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on ML System.
Is ML System's EBIT too high?
ML System's current EBIT is zł-22.43 Mil. Overall, ML System has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ML System's EBIT compare to FSLR and NXT?
ML System's EBIT of zł-22.43 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good EBIT depends on the Semiconductors 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 ML System. ML System's current EBIT is zł-22.43 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ML System stock overvalued right now?
Based on GuruFocus' analysis, ML System (WAR:MLS) is currently considered Possible Value Trap. The stock's GF Value™ is zł22.93, compared to a current price of zł14.64 — trading 36.2% below its estimated fair value. The current EBIT is zł-22.43 Mil. ML System's overall GF Score™ is 73/100 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 ML System (WAR:MLS), the current EBIT is zł-22.43 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 ML System (WAR:MLS) Overvalued in 2026?

Based on GuruFocus' analysis, ML System stock appears to be undervalued. The current stock price of zł14.64 is trading 36.2% below its estimated GF Value™ of zł22.93. GuruFocus considers ML System to be Possible Value Trap.

Key valuation signals for WAR:MLS:

  • EBIT: zł-22.43 Mil
  • GF Value™: zł22.93 vs. price of zł14.64 (36.2% below fair value)
  • GF Score™: 73/100 with 8 warning signs

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


ML System Business Description

Address Zaczernie 190 G, Zaczernie, POL, 36-062
ML System SA is engaged in the design, engineering and production of building-integrated photovoltaic (BIPV) cell systems which generate electrical power from sunlight. It offers Energy Photovoltaics including BIPV modules, BIPV cells, Photovoltaic IGUS, Photovoltaic architecture systems, standard photovoltaic modules and fastening systems. Its other offerings includes Building Management System which includes enegry management systems and security systems.
73GF Score

Get the complete analysis for WAR:MLS

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

zł14.64
Price
zł22.93
GF Value