Ovid Works (WAR:OVI) EBIT: zł-1.02 Mil (TTM As of Mar. 2026)

What is Ovid Works EBIT?

Ovid Works WAR:OVI 47 EBIT is zł-1.02 Mil as of Mar. 2026. GuruFocus rates WAR:OVI with a GF Score™ of 47/100 and a GF Value™ of zł0.54 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Ovid Works's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł-0.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł-1.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ovid Works's annualized ROC % for the quarter that ended in Mar. 2026 was -50.06%. Ovid Works's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -8,083.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ovid Works's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -7.24%.

Ovid Works (WAR:OVI) EBIT Explanation

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

Ovid Works'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 )
=	-1.412 * ( 1 - 0% )	/	( (3.202	+	2.439)	/ 2 )
=	-1.412	/	2.8205
=	-50.06 %

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	))
=	4.595	-	0.427	-	( 0.966	-	max(0, 1.693	-	3.192	+	0.966	))
=	3.202

	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	))
=	1.909	-	0.486	-	( 0.112	-	max(0, 1.888	-	0.872	+	0.112	))
=	2.439

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

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

Ovid Works'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 )
=	-1.94	/	( ( (0.022 + max(-0.973, 0))	+	(0.026 + max(-0.569, 0)) )	/	2 )
=	-1.94	/	( ( 0.022	+	0.026 )	/	2 )
=	-1.94	/	0.024
=	-8,083.33 %

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)
=	(0.262	+	0.276	+	0.0099999999999998)	-	(0.427	+	0	+	1.094)
=	-0.973

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.09	+	0.375	+	0)	-	(0.486	+	0	+	0.548)
=	-0.569

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-1.024	/	14.146
	=	-7.24 %

* 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.

Ovid Works EBIT Related Terms

Ovid Works EBIT Historical Data

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The historical data trend for Ovid Works's EBIT can be seen below:

Ovid Works EBIT Chart

Ovid Works Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-1.49

-0.38

-0.36

-0.19

-0.83

Ovid Works 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															-0.29	-0.37	0.02	-0.18	-0.49

WAR:OVI vs NTES, EA, TTWO: EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, Ovid Works'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.

Ovid Works EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ovid Works's EV-to-EBIT distribution charts can be found below:

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

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Ovid Works SA WAR:OVI

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Ovid Works 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-1.02 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of zł-1.02 Mil mean?

Ovid Works (WAR:OVI) has a EBIT of zł-1.02 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ovid Works.

Is Ovid Works' EBIT too high?

Ovid Works' current EBIT is zł-1.02 Mil. Overall, Ovid Works has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Ovid Works' EBIT compare to NTES and EA?

Ovid Works' EBIT of zł-1.02 Mil can be compared against companies in the Interactive Media 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 an Interactive Media company?

A good EBIT depends on the Interactive Media 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 Ovid Works. Ovid Works's current EBIT is zł-1.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ovid Works stock overvalued right now?

Based on GuruFocus' analysis, Ovid Works (WAR:OVI) is currently considered Modestly Undervalued. The stock's GF Value™ is zł0.54, compared to a current price of zł0.45 — trading 17% below its estimated fair value. The current EBIT is zł-1.02 Mil. Ovid Works' overall GF Score™ is 47/100 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 Ovid Works (WAR:OVI), the current EBIT is zł-1.02 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 Ovid Works (WAR:OVI) Overvalued in 2026?

Based on GuruFocus' analysis, Ovid Works stock appears to be undervalued. The current stock price of zł0.45 is trading 17% below its estimated GF Value™ of zł0.54. GuruFocus considers Ovid Works to be Modestly Undervalued.

Key valuation signals for WAR:OVI:

EBIT: zł-1.02 Mil
GF Value™: zł0.54 vs. price of zł0.45 (17% below fair value)
GF Score™: 47/100 with 6 warning signs

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

Ovid Works Business Description

Industry Communication Services Interactive Media

Comparable Companies WAR:F51 WAR:MUN WAR:VAR WAR:STA WAR:RKG WAR:LTM WAR:RSG WAR:ICG WAR:IVO WAR:SIM NTES EA TSE:7974 TTWO RBLX SZSE:002602 TSE:9766 TSE:3659 TSE:9697 SZSE:002558

Address ul. Dobra 4 m.10, Warsaw, POL, 00-388

Website http://www.ovidworks.com

Ovid Works SA is an independent video game studio. The firm is engaged in producing games for PC, consoles, and VR. Some of its games are Interkosmos and Metamorphosis among others.

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

zł0.45

Price

zł0.54

GF Value

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