FLSmidth AS (WBO:FLSM) EBIT: €513 Mil (TTM As of Mar. 2026)


WBO:FLSM FLSmidth & Co AS WBO:FLSM
42 GF Score
Price €64.80
GF Value €35.63
Valuation Significantly Overvalued
! 3 Warning Signs
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What is FLSmidth AS EBIT?

FLSmidth AS WBO:FLSM -1.59% 42 EBIT is €513 Mil as of Mar. 2026. GuruFocus rates WBO:FLSM with a GF Score™ of 42/100 and a GF Value™ of €35.63 (Significantly Overvalued). The stock has 3 warning signs investors should review.

FLSmidth AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €195 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €513 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FLSmidth AS's annualized ROC % for the quarter that ended in Mar. 2026 was 7.85%. FLSmidth AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 173.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FLSmidth AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.71%.


FLSmidth AS  (WBO:FLSM) EBIT Explanation

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

FLSmidth AS'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 )
=228.516 * ( 1 - 12.91% )/( (2514.577 + 2553.271)/ 2 )
=199.0145844/2533.924
=7.85 %

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))
=2957.349 - 363.242 - ( 79.53 - max(0, 1158.679 - 1416.817+79.53))
=2514.577

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))
=3006.154 - 378.763 - ( 74.12 - max(0, 1162.645 - 1440.797+74.12))
=2553.271

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

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

FLSmidth AS'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 )
=781.876/( ( (310.489 + max(155.579, 0)) + (322.838 + max(112.92, 0)) )/ 2 )
=781.876/( ( 466.068 + 435.758 )/ 2 )
=781.876/450.913
=173.40 %

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)
=(415.325 + 710.685 + 164.282) - (363.242 + 0 + 771.471)
=155.579

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(385.185 + 767.292 + 93.788) - (378.763 + 0 + 754.582)
=112.92

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=512.976/3741.792
=13.71 %

* 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.


FLSmidth AS EBIT Related Terms


FLSmidth AS EBIT Historical Data

* Premium members only.

The historical data trend for FLSmidth AS'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.

FLSmidth AS EBIT Chart

FLSmidth AS 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 90.24 85.76 163.01 181.83 279.56

FLSmidth AS 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 93.18 108.31 90.04 119.16 195.47

WBO:FLSM vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, FLSmidth AS'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.


FLSmidth AS EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FLSmidth AS's EV-to-EBIT distribution charts can be found below:

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


WBO:FLSM
42GF Score
FLSmidth & Co AS WBO:FLSM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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FLSmidth AS 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 €513 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 €513 Mil mean?
FLSmidth AS (WBO:FLSM) has a EBIT of €513 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on FLSmidth AS.
Is FLSmidth AS's EBIT too high?
FLSmidth AS's current EBIT is €513 Mil. Overall, FLSmidth AS has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FLSmidth AS's EBIT compare to GEV and ETN?
FLSmidth AS's EBIT of €513 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good EBIT depends on the Industrial Products 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 FLSmidth AS. FLSmidth AS's current EBIT is €513 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FLSmidth AS stock overvalued right now?
Based on GuruFocus' analysis, FLSmidth AS (WBO:FLSM) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.63, compared to a current price of €64.80 — trading 81.9% above its estimated fair value. The current EBIT is €513 Mil. FLSmidth AS's overall GF Score™ is 42/100 with 3 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 FLSmidth AS (WBO:FLSM), the current EBIT is €513 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 FLSmidth AS (WBO:FLSM) Overvalued in 2026?

Based on GuruFocus' analysis, FLSmidth AS stock appears to be overvalued. The current stock price of €64.80 is trading 81.9% above its estimated GF Value™ of €35.63. GuruFocus considers FLSmidth AS to be Significantly Overvalued.

Key valuation signals for WBO:FLSM:

  • EBIT: €513 Mil
  • GF Value™: €35.63 vs. price of €64.80 (81.9% above fair value)
  • GF Score™: 42/100 with 3 warning signs

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


FLSmidth AS Business Description

Address Havneholmen 2, Copenhagen, DNK, 2450
FLSmidth & Co AS is a Denmark-based company thatsupplies technologies and services to the mining industry, including solutions across processing flowsheets. Its offerings are aimed at supporting operational efficiency, risk management, and environmental considerations in the production of metals and minerals. The company's three segments are: Service, Products, and Pumps, Cyclones & Valves (PC&V). The majority of the company's revenue is generated from the Service segment. Geographically, the company operates across North America, South America, Europe, the Middle East & Africa, and Asia & Australia. Among all regions, South America contributes the majority of revenue.
42GF Score

Get the complete analysis for WBO:FLSM

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

€64.80
Price
€35.63
GF Value