Messer Tehnogas a.d (XBEL:TGAS) EBIT: RSD5,930 Mil (TTM As of Dec. 2025)


XBEL:TGAS Messer Tehnogas a.d XBEL:TGAS
100 GF Score
Price RSD34,001.00
GF Value RSD28,780.74
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Messer Tehnogas a.d EBIT?

Messer Tehnogas a.d XBEL:TGAS 100 EBIT is RSD5,930 Mil as of Dec. 2025. GuruFocus rates XBEL:TGAS with a GF Score™ of 100/100 and a GF Value™ of RSD28,780.74 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Messer Tehnogas a.d's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was RSD3,167 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was RSD5,930 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Messer Tehnogas a.d's annualized ROC % for the quarter that ended in Dec. 2025 was 17.27%. Messer Tehnogas a.d's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 25.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Messer Tehnogas a.d's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 25.03%.


Messer Tehnogas a.d  (XBEL:TGAS) EBIT Explanation

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

Messer Tehnogas a.d's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=5356.934 * ( 1 - 16.08% )/( (25147.832 + 26907.355)/ 2 )
=4495.5390128/26027.5935
=17.27 %

where

Invested Capital(Q: Jun. 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))
=38966.503 - 1582.001 - ( 12236.67 - max(0, 1999.03 - 17694.559+12236.67))
=25147.832

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))
=40266.661 - 1496.885 - ( 11862.421 - max(0, 1889.792 - 18327.63+11862.421))
=26907.355

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Messer Tehnogas a.d's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6334.33/( ( (20953.079 + max(3389.405, 0)) + (21616.979 + max(3335.022, 0)) )/ 2 )
=6334.33/( ( 24342.484 + 24952.001 )/ 2 )
=6334.33/24647.2425
=25.70 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4139.812 + 713.697 + 534.926) - (1582.001 + 0 + 417.029)
=3389.405

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4092.955 + 720.981 + 410.878) - (1496.885 + 0 + 392.907)
=3335.022

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Messer Tehnogas a.d's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=5930.266/23689.217
=25.03 %

* 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.


Messer Tehnogas a.d EBIT Related Terms


Messer Tehnogas a.d EBIT Historical Data

* Premium members only.

The historical data trend for Messer Tehnogas a.d'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.

Messer Tehnogas a.d EBIT Chart

Messer Tehnogas a.d 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 3,746.47 2,756.61 4,209.08 5,873.97 5,930.27

Messer Tehnogas a.d Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2,525.31 2,813.37 3,060.60 2,763.10 3,167.17

XBEL:TGAS vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Messer Tehnogas a.d'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.


Messer Tehnogas a.d EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Messer Tehnogas a.d's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Messer Tehnogas a.d's EV-to-EBIT falls into.


XBEL:TGAS
100GF Score
Messer Tehnogas a.d XBEL:TGAS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Messer Tehnogas a.d 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was RSD5,930 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 RSD5,930 Mil mean?
Messer Tehnogas a.d (XBEL:TGAS) has a EBIT of RSD5,930 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Messer Tehnogas a.d.
Is Messer Tehnogas a.d's EBIT too high?
Messer Tehnogas a.d's current EBIT is RSD5,930 Mil. Overall, Messer Tehnogas a.d has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Messer Tehnogas a.d's EBIT compare to LIN and SHW?
Messer Tehnogas a.d's EBIT of RSD5,930 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Messer Tehnogas a.d. Messer Tehnogas a.d's current EBIT is RSD5,930 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Messer Tehnogas a.d stock overvalued right now?
Based on GuruFocus' analysis, Messer Tehnogas a.d (XBEL:TGAS) is currently considered Modestly Overvalued. The stock's GF Value™ is RSD28,780.74, compared to a current price of RSD34,001.00 — trading 18.1% above its estimated fair value. The current EBIT is RSD5,930 Mil. Messer Tehnogas a.d's overall GF Score™ is 100/100 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 Messer Tehnogas a.d (XBEL:TGAS), the current EBIT is RSD5,930 Mil as of Dec. 2025. 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 Messer Tehnogas a.d (XBEL:TGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Messer Tehnogas a.d stock appears to be overvalued. The current stock price of RSD34,001.00 is trading 18.1% above its estimated GF Value™ of RSD28,780.74. GuruFocus considers Messer Tehnogas a.d to be Modestly Overvalued.

Key valuation signals for XBEL:TGAS:

  • EBIT: RSD5,930 Mil
  • GF Value™: RSD28,780.74 vs. price of RSD34,001.00 (18.1% above fair value)
  • GF Score™: 100/100 with 4 warning signs

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


Messer Tehnogas a.d Business Description

Address Banjicki Put 62, Belgrade, SRB
Messer Tehnogas a.d. is engaged in the production and marketing of industrial and medical gases. The company serves steel and metal, metallurgy, chemical and petrochemical, food and beverage, pharmaceutical, automobile, electronics, medicine, home care, cutting and welding, water treatment and ecology and scientific research industry. Its products include oxygen, azot, argon, hydrogen, helium, home care, special gases, distribution line, HFC refrigerant fluids, natural cooling fluids, and other gases.
100GF Score

Get the complete analysis for XBEL:TGAS

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

RSD34,001.00
Price
RSD28,780.74
GF Value