Toplivo AD (XBUL:TOPL) EBIT: €0.54 Mil (TTM As of Jun. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:TOPL Toplivo AD XBUL:TOPL
47 GF Score
Price €3.90
GF Value €4.44
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Toplivo AD EBIT?

Toplivo AD XBUL:TOPL 47 EBIT is €0.54 Mil as of Jun. 2025. GuruFocus rates XBUL:TOPL with a GF Score™ of 47/100 and a GF Value™ of €4.44 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Toplivo AD's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2025 was €-0.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2025 was €0.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Toplivo AD's annualized ROC % for the quarter that ended in Jun. 2025 was -6.31%. Toplivo AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -4.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Toplivo AD's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was 2.55%.


Toplivo AD  (XBUL:TOPL) EBIT Explanation

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

Toplivo AD's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=-3.074 * ( 1 - 0% )/( (48.428 + 49.07)/ 2 )
=-3.074/48.749
=-6.31 %

where

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

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

Toplivo AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.602/( ( (15.462 + max(16.189, 0)) + (15.26 + max(17.642, 0)) )/ 2 )
=-1.602/( ( 31.651 + 32.902 )/ 2 )
=-1.602/32.2765
=-4.96 %

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)
=(3.783 + 18.558 + 0.345) - (4.104 + 0 + 2.393)
=16.189

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.976 + 22.054 + 0.368) - (7.966 + 0 + 2.79)
=17.642

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2025 )
=0.539/21.126
=2.55 %

* 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.


Toplivo AD EBIT Related Terms


Toplivo AD EBIT Historical Data

* Premium members only.

The historical data trend for Toplivo AD'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.

Toplivo AD EBIT Chart

Toplivo AD Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.27 -0.55 -2.37 -3.03 0.39

Toplivo AD Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 -3.06 0.03 -0.96 1.34 -0.80

XBUL:TOPL vs VLO, MPC, PSX: EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Toplivo 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.


Toplivo AD EV-to-EBIT vs Oil & Gas Industry

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

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


XBUL:TOPL
47GF Score
Toplivo AD XBUL:TOPL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toplivo 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.

EBIT for the trailing twelve months (TTM) ended in Jun. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.54 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 €0.54 Mil mean?
Toplivo AD (XBUL:TOPL) has a EBIT of €0.54 Mil as of Jun. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Toplivo AD.
Is Toplivo AD's EBIT too high?
Toplivo AD's current EBIT is €0.54 Mil. Overall, Toplivo AD has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toplivo AD's EBIT compare to VLO and MPC?
Toplivo AD's EBIT of €0.54 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 Toplivo AD. Toplivo AD's current EBIT is €0.54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toplivo AD stock overvalued right now?
Based on GuruFocus' analysis, Toplivo AD (XBUL:TOPL) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.44, compared to a current price of €3.90 — trading 12.2% below its estimated fair value. The current EBIT is €0.54 Mil. Toplivo AD's overall GF Score™ is 47/100 with 1 warning sign 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 Toplivo AD (XBUL:TOPL), the current EBIT is €0.54 Mil as of Jun. 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 Toplivo AD (XBUL:TOPL) Overvalued in 2026?

Based on GuruFocus' analysis, Toplivo AD stock appears to be undervalued. The current stock price of €3.90 is trading 12.2% below its estimated GF Value™ of €4.44. GuruFocus considers Toplivo AD to be Modestly Undervalued.

Key valuation signals for XBUL:TOPL:

  • EBIT: €0.54 Mil
  • GF Value™: €4.44 vs. price of €3.90 (12.2% below fair value)
  • GF Score™: 47/100 with 1 warning sign

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


Toplivo AD Business Description

Industry EnergyOil & Gas
Address Pavlina Unufrieva Street, Sofia, BGR, 15102
Toplivo AD is engaged in the provision of petroleum products like propane-butane, liquid petrol and liquid petroleum gas. It also offers construction and heating materials like firewood, wooden materials, decorating tiles, briquettes, wood, and metals.
47GF Score

Get the complete analysis for XBUL:TOPL

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

€3.90
Price
€4.44
GF Value