Passus (WAR:PAS) EBIT: zł14.8 Mil (TTM As of Mar. 2026)


WAR:PAS Passus SA WAR:PAS
80 GF Score
Price zł115.60
GF Value zł51.27
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Passus EBIT?

Passus WAR:PAS +0.35% 80 EBIT is zł14.8 Mil as of Mar. 2026. GuruFocus rates WAR:PAS with a GF Score™ of 80/100 and a GF Value™ of zł51.27 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Passus's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł1.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł14.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Passus's annualized ROC % for the quarter that ended in Mar. 2026 was 141.43%. Passus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Passus's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.91%.

Passus  (WAR:PAS) EBIT Explanation

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

Passus'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 )
=56.444 * ( 1 - 19.92% )/( (27.024 + 36.893)/ 2 )
=45.2003552/31.9585
=141.43 %

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))
=84.645 - 42.346 - ( 15.275 - max(0, 55.419 - 76.043+15.275))
=27.024

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))
=58.601 - 14.622 - ( 7.086 - max(0, 28.493 - 50.285+7.086))
=36.893

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

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

Passus'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 )
=5.276/( ( (0.677 + max(-2.26, 0)) + (0.539 + max(16.472, 0)) )/ 2 )
=5.276/( ( 0.677 + 17.011 )/ 2 )
=5.276/8.844
=59.66 %

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)
=(34.728 + 2.024 + 15.799) - (42.346 + 0 + 12.465)
=-2.26

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.874 + 5.347 + 7.613) - (14.622 + 0 + 9.74)
=16.472

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=14.822/187.377
=7.91 %

* 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.

Passus EBIT Related Terms

Passus EBIT Historical Data

* Premium members only.

The historical data trend for Passus'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.

Passus EBIT Chart

Passus Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only 8.74 5.80 10.17 12.18 12.96

Passus 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 -0.55 -0.04 6.74 6.80 1.32

WAR:PAS vs IBM, ACN, FISV: EBIT Comparison

For the Information Technology Services subindustry, Passus'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.

Passus EV-to-EBIT vs Software Industry

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

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


WAR:PAS
80GF Score
Passus SA WAR:PAS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Passus 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 zł14.8 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 zł14.8 Mil mean?
Passus (WAR:PAS) has a EBIT of zł14.8 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Passus.
Is Passus' EBIT too high?
Passus' current EBIT is zł14.8 Mil. Overall, Passus has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Passus' EBIT compare to IBM and ACN?
Passus' EBIT of zł14.8 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 Passus. Passus's current EBIT is zł14.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Passus stock overvalued right now?
Based on GuruFocus' analysis, Passus (WAR:PAS) is currently considered Significantly Overvalued. The stock's GF Value™ is zł51.27, compared to a current price of zł115.60 — trading 125.5% above its estimated fair value. The current EBIT is zł14.8 Mil. Passus' overall GF Score™ is 80/100 with 4 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 Passus (WAR:PAS), the current EBIT is zł14.8 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 Passus (WAR:PAS) Overvalued in 2026?

Based on GuruFocus' analysis, Passus stock appears to be overvalued. The current stock price of zł115.60 is trading 125.5% above its estimated GF Value™ of zł51.27. GuruFocus considers Passus to be Significantly Overvalued.

Key valuation signals for WAR:PAS:

  • EBIT: zł14.8 Mil
  • GF Value™: zł51.27 vs. price of zł115.60 (125.5% above fair value)
  • GF Score™: 80/100 with 4 warning signs

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

Passus Business Description

Address ul. Goraszewska 19, Warsaw, POL, 02-910
Passus SA is an integrator and supplier of specialized information technology solutions. The company offers network and application effieciency, infrastructure security, and WiFi network.
80GF Score

Get the complete analysis for WAR:PAS

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

zł115.60
Price
zł51.27
GF Value