Oil and Gas Exploration and Production AD (XBUL:NGAZ) EBIT: €0.73 Mil (TTM As of Dec. 2025)

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Oil and Gas Exploration and Production AD XBUL:NGAZ

63 GF Score

Price €1.97

GF Value €3.69

Valuation Significantly Undervalued

4 Warning Signs

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What is Oil and Gas Exploration and Production AD EBIT?

Oil and Gas Exploration and Production AD XBUL:NGAZ 63 EBIT is €0.73 Mil as of Dec. 2025. GuruFocus rates XBUL:NGAZ with a GF Score™ of 63/100 and a GF Value™ of €3.69 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Oil and Gas Exploration and Production AD's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €0.73 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oil and Gas Exploration and Production AD's annualized ROC % for the quarter that ended in Dec. 2025 was -4.67%. Oil and Gas Exploration and Production AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oil and Gas Exploration and Production AD's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.75%.

Oil and Gas Exploration and Production AD (XBUL:NGAZ) EBIT Explanation

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

Oil and Gas Exploration and Production AD'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: Dec. 2024 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-2.082 * ( 1 - 17.23% )	/	( (36.435	+	37.355)	/ 2 )
=	-1.7232714	/	36.895
=	-4.67 %

where

	Invested Capital		(Q: Dec. 2024 )
=	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	))
=	61.661	-	9.796	-	( 15.43	-	max(0, 11.512	-	40.332	+	15.43	))
=	36.435

	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	))
=	62.339	-	10.192	-	( 14.792	-	max(0, 11.808	-	40.024	+	14.792	))
=	37.355

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

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

Oil and Gas Exploration and Production AD'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: Dec. 2024		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.732	/	( ( (19.898 + max(-4.557, 0))	+	(21.036 + max(-6.49, 0)) )	/	2 )
=	0.732	/	( ( 19.898	+	21.036 )	/	2 )
=	0.732	/	20.467
=	3.58 %

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.703	+	4.589	+	0.595)	-	(9.796	+	0	+	1.648)
=	-4.557

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.475	+	4.186	+	0.589)	-	(10.192	+	0	+	1.548)
=	-6.49

When net working capital is negative, 0 is used.

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

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

Oil and Gas Exploration and Production AD's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	0.732	/	26.577
	=	2.75 %

* 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.

Oil and Gas Exploration and Production AD EBIT Related Terms

Oil and Gas Exploration and Production AD EBIT Historical Data

* Premium members only.

The historical data trend for Oil and Gas Exploration and Production AD's EBIT can be seen below:

Oil and Gas Exploration and Production AD EBIT Chart

Oil and Gas Exploration and Production AD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

Get a 7-Day Free Trial

0.81

1.83

1.71

1.92

0.73

Oil and Gas Exploration and Production AD Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24	Dec25
EBIT	Get a 7-Day Free Trial												0.81	1.83	1.71	1.92	0.73

XBUL:NGAZ vs COP, EOG, FANG: EBIT Comparison

For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.

Oil and Gas Exploration and Production AD EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil and Gas Exploration and Production AD's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Oil and Gas Exploration and Production AD's EV-to-EBIT falls into.

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63GF Score

Oil and Gas Exploration and Production AD XBUL:NGAZ

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

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Oil and Gas Exploration and Production AD 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €0.73 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €0.73 Mil mean?

Oil and Gas Exploration and Production AD (XBUL:NGAZ) has a EBIT of €0.73 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Oil and Gas Exploration and Production AD.

Is Oil and Gas Exploration and Production AD's EBIT too high?

Oil and Gas Exploration and Production AD's current EBIT is €0.73 Mil. Overall, Oil and Gas Exploration and Production AD has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Oil and Gas Exploration and Production AD's EBIT compare to COP and EOG?

Oil and Gas Exploration and Production AD's EBIT of €0.73 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good EBIT depends on the Oil & Gas 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 Oil and Gas Exploration and Production AD. Oil and Gas Exploration and Production AD's current EBIT is €0.73 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Oil and Gas Exploration and Production AD stock overvalued right now?

Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD (XBUL:NGAZ) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.69, compared to a current price of €1.97 — trading 46.6% below its estimated fair value. The current EBIT is €0.73 Mil. Oil and Gas Exploration and Production AD's overall GF Score™ is 63/100 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 Oil and Gas Exploration and Production AD (XBUL:NGAZ), the current EBIT is €0.73 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 Oil and Gas Exploration and Production AD (XBUL:NGAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD stock appears to be undervalued. The current stock price of €1.97 is trading 46.6% below its estimated GF Value™ of €3.69. GuruFocus considers Oil and Gas Exploration and Production AD to be Significantly Undervalued.

Key valuation signals for XBUL:NGAZ:

EBIT: €0.73 Mil
GF Value™: €3.69 vs. price of €1.97 (46.6% below fair value)
GF Score™: 63/100 with 4 warning signs

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

Oil and Gas Exploration and Production AD Business Description

Industry Energy Oil & Gas

Comparable Companies XBUL:TOPL HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT TPL TSE:1605 EXE OSL:AKRBP TSX:TOU ASX:STO BKK:PTTEP PR OVV

Address 2, Stefan Karadja Street, Sofia, BGR, 1080

Website http://www.ogep-bg.com

Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

63GF Score

Get the complete analysis for XBUL:NGAZ

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

€1.97

Price

€3.69

GF Value

View XBUL:NGAZ Analysis

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