Cirsa Enterprises (XMAD:CIRSA) EBIT: €451 Mil (TTM As of Jun. 2026)

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XMAD:CIRSA Cirsa Enterprises SA XMAD:CIRSA
10 GF Score
Price €19.82
! 8 Warning Signs
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What is Cirsa Enterprises EBIT?

Cirsa Enterprises XMAD:CIRSA +0.61% 10 EBIT is €451 Mil as of Jun. 2026. GuruFocus rates XMAD:CIRSA with a GF Score™ of 10/100. The stock has 8 warning signs investors should review.

Cirsa Enterprises's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was €112 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was €451 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cirsa Enterprises's annualized ROC % for the quarter that ended in Jun. 2026 was 10.95%. Cirsa Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 76.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cirsa Enterprises's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 8.48%.

Cirsa Enterprises  (XMAD:CIRSA) EBIT Explanation

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

Cirsa Enterprises's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=569.276 * ( 1 - 27.33% )/( (3870.577 + 3687.347)/ 2 )
=413.6928692/3778.962
=10.95 %

where

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))
=3914.414 - 103.565 - ( 370.947 - max(0, 629.598 - 569.87+370.947))
=3870.577

Invested Capital(Q: Jun. 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))
=3957.744 - 417.265 - ( 325.659 - max(0, 714.857 - 567.989+325.659))
=3687.347

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

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

Cirsa Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=448.432/( ( (573.653 + max(-346.789, 0)) + (602.098 + max(-465.975, 0)) )/ 2 )
=448.432/( ( 573.653 + 602.098 )/ 2 )
=448.432/587.8755
=76.28 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147.925 + 15.844 + 35.154) - (103.565 + 0 + 442.147)
=-346.789

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.885 + 19.714 + 30.219) - (417.265 + 0 + 141.528)
=-465.975

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Cirsa Enterprises's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=450.549/5314.589
=8.48 %

* 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.

Cirsa Enterprises EBIT Related Terms

Cirsa Enterprises EBIT Historical Data

* Premium members only.

The historical data trend for Cirsa Enterprises'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.

Cirsa Enterprises EBIT Chart

Cirsa Enterprises Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EBIT
247.43 315.69 338.10 409.33

Cirsa Enterprises Quarterly Data
Dec22 Dec23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 112.80 74.83 167.28 96.34 112.11

XMAD:CIRSA vs LVS, MGM, WYNN: EBIT Comparison

For the Resorts & Casinos subindustry, Cirsa Enterprises'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.

Cirsa Enterprises EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cirsa Enterprises's EV-to-EBIT distribution charts can be found below:

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


XMAD:CIRSA
10GF Score
Cirsa Enterprises SA XMAD:CIRSA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cirsa Enterprises 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €451 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 €451 Mil mean?
Cirsa Enterprises (XMAD:CIRSA) has a EBIT of €451 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cirsa Enterprises.
Is Cirsa Enterprises' EBIT too high?
Cirsa Enterprises' current EBIT is €451 Mil. Overall, Cirsa Enterprises has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Cirsa Enterprises' EBIT compare to LVS and MGM?
Cirsa Enterprises' EBIT of €451 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Cirsa Enterprises. Cirsa Enterprises's current EBIT is €451 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cirsa Enterprises stock overvalued right now?
Cirsa Enterprises (XMAD:CIRSA) has a current EBIT of €451 Mil. The current EBIT is €451 Mil. Cirsa Enterprises' overall GF Score™ is 10/100 with 8 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 Cirsa Enterprises (XMAD:CIRSA), the current EBIT is €451 Mil as of Jun. 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.

Cirsa Enterprises Business Description

Other Exchanges CIRSAe:UKY7O:Germany
Address Carretera de Castellar, number 298, Terrassa, ESP, 08226
Cirsa Enterprises SA consists of a group of companies operating in the gaming and leisure sector. Its activities include the design, manufacture, and marketing of slot machines sold to both Group companies and third parties, the development of interactive gaming mechanisms and systems, the operation of slot machines, casinos, and bingo halls in Spain and abroad, and the marketing and operation of bets in own and third-party premises, as well as online sports betting in Spain and abroad. Its business areas include Casinos, Gaming Rooms, Arcade Machines, and Online Betting and Gaming. The business segments are: Casinos, Slots Spain, Slots Italy, and Online Games and Bets. Maximum revenue is generated from the Casinos segment. The Group generates maximum revenue from Spain and Portugal.
10GF Score

Get the complete analysis for XMAD:CIRSA

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

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