Naturgy Energy Group (XMAD:NTGY) EBIT: €3,942 Mil (TTM As of Dec. 2025)


XMAD:NTGY Naturgy Energy Group SA XMAD:NTGY
66 GF Score
Price €27.80
GF Value €22.64
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Naturgy Energy Group EBIT?

Naturgy Energy Group XMAD:NTGY +0.94% 66 EBIT is €3,942 Mil as of Dec. 2025. GuruFocus rates XMAD:NTGY with a GF Score™ of 66/100 and a GF Value™ of €22.64 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Naturgy Energy Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €1,891 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €3,942 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Naturgy Energy Group's annualized ROC % for the quarter that ended in Dec. 2025 was 7.95%. Naturgy Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Naturgy Energy Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.88%.


Naturgy Energy Group  (XMAD:NTGY) EBIT Explanation

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

Naturgy Energy Group'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 )
=3560 * ( 1 - 24.72% )/( (33632 + 33778)/ 2 )
=2679.968/33705
=7.95 %

where

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:

Naturgy Energy Group'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 )
=3782/( ( (20250 + max(-3959, 0)) + (20420 + max(-968, 0)) )/ 2 )
=3782/( ( 20250 + 20420 )/ 2 )
=3782/20335
=18.60 %

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)
=(2956 + 1023 + 0) - (3530 + 0 + 4408)
=-3959

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2451 + 1003 + 841) - (3919 + 0 + 1344)
=-968

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:

Naturgy Energy Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=3942/39894.741
=9.88 %

* 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.


Naturgy Energy Group EBIT Related Terms


Naturgy Energy Group EBIT Historical Data

* Premium members only.

The historical data trend for Naturgy Energy Group'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.

Naturgy Energy Group EBIT Chart

Naturgy Energy Group 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 2,313.00 3,127.00 3,738.00 3,929.00 3,942.00

Naturgy Energy Group 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 1,910.00 1,950.00 1,979.00 2,051.00 1,891.00

XMAD:NTGY vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, Naturgy Energy Group'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.


Naturgy Energy Group EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Naturgy Energy Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Naturgy Energy Group's EV-to-EBIT falls into.


XMAD:NTGY
66GF Score
Naturgy Energy Group SA XMAD:NTGY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Naturgy Energy Group 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 €3,942 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 €3,942 Mil mean?
Naturgy Energy Group (XMAD:NTGY) has a EBIT of €3,942 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Naturgy Energy Group.
Is Naturgy Energy Group's EBIT too high?
Naturgy Energy Group's current EBIT is €3,942 Mil. Overall, Naturgy Energy Group has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naturgy Energy Group's EBIT compare to ATO and NI?
Naturgy Energy Group's EBIT of €3,942 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated 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 Naturgy Energy Group. Naturgy Energy Group's current EBIT is €3,942 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naturgy Energy Group stock overvalued right now?
Based on GuruFocus' analysis, Naturgy Energy Group (XMAD:NTGY) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.64, compared to a current price of €27.80 — trading 22.8% above its estimated fair value. The current EBIT is €3,942 Mil. Naturgy Energy Group's overall GF Score™ is 66/100 with 7 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 Naturgy Energy Group (XMAD:NTGY), the current EBIT is €3,942 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 Naturgy Energy Group (XMAD:NTGY) Overvalued in 2026?

Based on GuruFocus' analysis, Naturgy Energy Group stock appears to be overvalued. The current stock price of €27.80 is trading 22.8% above its estimated GF Value™ of €22.64. GuruFocus considers Naturgy Energy Group to be Modestly Overvalued.

Key valuation signals for XMAD:NTGY:

  • EBIT: €3,942 Mil
  • GF Value™: €22.64 vs. price of €27.80 (22.8% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Naturgy Energy Group Business Description

Address Avenida de America 38, Madrid, ESP
Naturgy stems from the 2008 acquisition of Union Fenosa. The company operates across the gas value chain, from procurement to distribution and marketing. It owns and operates the largest gas distribution network in Spain, where it is also the leading retail gas supplier. The company additionally operates gas and electricity distribution networks across several Latin American countries. It owns 17.9 GW of generation capacity, including 7.3 GW of wind and solar.
66GF Score

Get the complete analysis for XMAD:NTGY

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

€27.80
Price
€22.64
GF Value