PJP Makrum (WAR:PJP) EBIT: zł17.2 Mil (TTM As of Mar. 2026)


WAR:PJP PJP Makrum SA WAR:PJP
75 GF Score
Price zł18.45
GF Value zł17.26
Valuation Fairly Valued
! 13 Warning Signs
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What is PJP Makrum EBIT?

PJP Makrum WAR:PJP +0.27% 75 EBIT is zł17.2 Mil as of Mar. 2026. GuruFocus rates WAR:PJP with a GF Score™ of 75/100 and a GF Value™ of zł17.26 (Fairly Valued). The stock has 13 warning signs investors should review.

PJP Makrum's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł-0.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł17.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PJP Makrum's annualized ROC % for the quarter that ended in Mar. 2026 was -0.92%. PJP Makrum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PJP Makrum's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.53%.


PJP Makrum  (WAR:PJP) EBIT Explanation

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

PJP Makrum'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 )
=-4.688 * ( 1 - 0% )/( (505.587 + 515.033)/ 2 )
=-4.688/510.31
=-0.92 %

where

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))
=614.481 - 76.284 - ( 23.164 - max(0, 321.177 - 389.985+23.164))
=515.033

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

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

PJP Makrum'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 )
=-1.604/( ( (70.436 + max(145.759, 0)) + (70.057 + max(144.188, 0)) )/ 2 )
=-1.604/( ( 216.195 + 214.245 )/ 2 )
=-1.604/215.22
=-0.75 %

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)
=(83.56 + 194.944 + 16.154) - (88.55 + 0 + 60.349)
=145.759

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.653 + 213.991 + 16.044) - (76.284 + 0 + 82.216)
=144.188

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=17.248/311.904
=5.53 %

* 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.


PJP Makrum EBIT Related Terms


PJP Makrum EBIT Historical Data

* Premium members only.

The historical data trend for PJP Makrum'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.

PJP Makrum EBIT Chart

PJP Makrum 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 4.64 39.09 28.95 21.50 18.72

PJP Makrum 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 3.45 6.73 -0.03 10.95 -0.40

WAR:PJP vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, PJP Makrum'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.


PJP Makrum EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, PJP Makrum's EV-to-EBIT distribution charts can be found below:

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


WAR:PJP
75GF Score
PJP Makrum SA WAR:PJP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PJP Makrum 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 zł17.2 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 zł17.2 Mil mean?
PJP Makrum (WAR:PJP) has a EBIT of zł17.2 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PJP Makrum.
Is PJP Makrum's EBIT too high?
PJP Makrum's current EBIT is zł17.2 Mil. Overall, PJP Makrum has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PJP Makrum's EBIT compare to PWR and FIX?
PJP Makrum's EBIT of zł17.2 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 PJP Makrum. PJP Makrum's current EBIT is zł17.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJP Makrum stock overvalued right now?
Based on GuruFocus' analysis, PJP Makrum (WAR:PJP) is currently considered Fairly Valued. The stock's GF Value™ is zł17.26, compared to a current price of zł18.45 — trading 6.9% above its estimated fair value. The current EBIT is zł17.2 Mil. PJP Makrum's overall GF Score™ is 75/100 with 13 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 PJP Makrum (WAR:PJP), the current EBIT is zł17.2 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 PJP Makrum (WAR:PJP) Overvalued in 2026?

Based on GuruFocus' analysis, PJP Makrum stock appears to be overvalued. The current stock price of zł18.45 is trading 6.9% above its estimated GF Value™ of zł17.26. GuruFocus considers PJP Makrum to be Fairly Valued.

Key valuation signals for WAR:PJP:

  • EBIT: zł17.2 Mil
  • GF Value™: zł17.26 vs. price of zł18.45 (6.9% above fair value)
  • GF Score™: 75/100 with 13 warning signs

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


PJP Makrum Business Description

Address Plac Koscieleckich 3, Bydgoszcz, POL, 85-033
PJP Makrum SA operates in three areas. The first consists of the production of steel structures for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses, and retail space). The third activity is docking solutions.
75GF Score

Get the complete analysis for WAR:PJP

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

zł18.45
Price
zł17.26
GF Value