Zarneni Hrani O (XBUL:ZHBG) EBIT: €3.62 Mil (TTM As of Dec. 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.

What is Zarneni Hrani O EBIT?

Zarneni Hrani O XBUL:ZHBG EBIT is €3.62 Mil as of Dec. 2025. The stock has 4 warning signs investors should review.

Zarneni Hrani O's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was €0.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €3.62 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zarneni Hrani O's annualized ROC % for the quarter that ended in Dec. 2025 was -3.35%. Zarneni Hrani O's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zarneni Hrani O's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.63%.

Zarneni Hrani O  (XBUL:ZHBG) EBIT Explanation

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

Zarneni Hrani O'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-6.04 * ( 1 - 0% )/( (168.307 + 192.377)/ 2 )
=-6.04/180.342
=-3.35 %

where

Invested Capital(Q: Sep. 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))
=212.829 - 16.888 - ( 27.634 - max(0, 23.646 - 77.914+27.634))
=168.307

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))
=213.15 - 16.336 - ( 4.437 - max(0, 24.228 - 78.145+4.437))
=192.377

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

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

Zarneni Hrani O'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.288/( ( (36.031 + max(-5.29, 0)) + (35.957 + max(-6.379, 0)) )/ 2 )
=0.288/( ( 36.031 + 35.957 )/ 2 )
=0.288/35.994
=0.80 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.566 + 5.877 + 0) - (16.888 + 0 + 1.845)
=-5.29

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.845 + 5.963 + 2.646) - (16.336 + 0 + 2.497)
=-6.379

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Zarneni Hrani O's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=3.62/41.953
=8.63 %

* 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.

Zarneni Hrani O EBIT Related Terms

Zarneni Hrani O EBIT Historical Data

* Premium members only.

The historical data trend for Zarneni Hrani O'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.

Zarneni Hrani O EBIT Chart

Zarneni Hrani O 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 3.43 4.01 4.26 4.93 3.62

Zarneni Hrani O Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.27 1.26 0.69 1.61 0.07

XBUL:ZHBG vs ADM, BG, TSN: EBIT Comparison

For the Farm Products subindustry, Zarneni Hrani O'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.

Zarneni Hrani O EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zarneni Hrani O's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zarneni Hrani O's EV-to-EBIT falls into.


Zarneni Hrani O 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 quarterly data reported by the company within the most recent 12 months, which was €3.62 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 €3.62 Mil mean?
Zarneni Hrani O (XBUL:ZHBG) has a EBIT of €3.62 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zarneni Hrani O.
Is Zarneni Hrani O's EBIT too high?
Zarneni Hrani O's current EBIT is €3.62 Mil.
How does Zarneni Hrani O's EBIT compare to ADM and BG?
Zarneni Hrani O's EBIT of €3.62 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Zarneni Hrani O. Zarneni Hrani O's current EBIT is €3.62 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zarneni Hrani O stock overvalued right now?
Based on GuruFocus' analysis, Zarneni Hrani O (XBUL:ZHBG) is currently considered Possible Value Trap. The stock's GF Value™ is €0.10, compared to a current price of €0.07 — trading 35% below its estimated fair value. The current EBIT is €3.62 Mil. 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 Zarneni Hrani O (XBUL:ZHBG), the current EBIT is €3.62 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.

Zarneni Hrani O Business Description

Address 2 Stefan Karadja street, Sofia, BGR, 1000
Zarneni Hrani O is an agribusiness company. It is engaged in the distribution of fertilizers and chemicals, oilseed processing, storage & trade in grains and oilseeds, biodiesel production & logistics services. It offers services to farmers. The company has three segments Manufacturing, Trading and services, of which Manufacturing segment derives maximum revenue. The Manufacturing segment includes production of vegetable oils; production of biodiesel; processing and extraction of technical oils; extraction of crude oil and natural gas; processing of oil and condensate, production of petroleum products, polymers and synthetic fibers; production of low-voltage electrical equipment; processing and trading of plastics; production and trading of polyethylene products.