Tubos Reunidos (XMAD:TRG) EBIT: €-87.5 Mil (TTM As of Dec. 2025)


XMAD:TRG Tubos Reunidos SA XMAD:TRG
17 GF Score
Price €0.14
GF Value €0.49
Valuation Possible Value Trap
! 4 Warning Signs
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What is Tubos Reunidos EBIT?

Tubos Reunidos XMAD:TRG 17 EBIT is €-87.5 Mil as of Dec. 2025. GuruFocus rates XMAD:TRG with a GF Score™ of 17/100 and a GF Value™ of €0.49 (Possible Value Trap). The stock has 4 warning signs investors should review.

Tubos Reunidos's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €-69.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €-87.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tubos Reunidos's annualized ROC % for the quarter that ended in Dec. 2025 was -18.71%. Tubos Reunidos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -62.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tubos Reunidos's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -29.65%.


Tubos Reunidos  (XMAD:TRG) EBIT Explanation

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

Tubos Reunidos'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 )
=-61.696 * ( 1 - 0% )/( (403.831 + 255.751)/ 2 )
=-61.696/329.791
=-18.71 %

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:

Tubos Reunidos'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 )
=-139.46/( ( (238.495 + max(12.111, 0)) + (192.395 + max(-8.445, 0)) )/ 2 )
=-139.46/( ( 250.606 + 192.395 )/ 2 )
=-139.46/221.5005
=-62.96 %

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)
=(17.6 + 114.105 + 7.996) - (6.085 + 0 + 121.505)
=12.111

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.669 + 71.173 + 4.467) - (81.316 + 0 + 19.438)
=-8.445

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:

Tubos Reunidos's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-87.456/294.997
=-29.65 %

* 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.


Tubos Reunidos EBIT Related Terms


Tubos Reunidos EBIT Historical Data

* Premium members only.

The historical data trend for Tubos Reunidos'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.

Tubos Reunidos EBIT Chart

Tubos Reunidos 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 -42.98 59.46 75.79 65.08 -87.46

Tubos Reunidos 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 5.58 65.24 -0.15 -17.73 -69.73

XMAD:TRG vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, Tubos Reunidos'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.


Tubos Reunidos EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, Tubos Reunidos's EV-to-EBIT distribution charts can be found below:

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


XMAD:TRG
17GF Score
Tubos Reunidos SA XMAD:TRG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tubos Reunidos 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 €-87.5 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 €-87.5 Mil mean?
Tubos Reunidos (XMAD:TRG) has a EBIT of €-87.5 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tubos Reunidos.
Is Tubos Reunidos' EBIT too high?
Tubos Reunidos' current EBIT is €-87.5 Mil. Overall, Tubos Reunidos has a GF Score™ of 17/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tubos Reunidos' EBIT compare to NUE and STLD?
Tubos Reunidos' EBIT of €-87.5 Mil can be compared against companies in the Steel 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 Steel company?
A good EBIT depends on the Steel 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 Tubos Reunidos. Tubos Reunidos's current EBIT is €-87.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tubos Reunidos stock overvalued right now?
Based on GuruFocus' analysis, Tubos Reunidos (XMAD:TRG) is currently considered Possible Value Trap. The stock's GF Value™ is €0.49, compared to a current price of €0.14 — trading 70.7% below its estimated fair value. The current EBIT is €-87.5 Mil. Tubos Reunidos' overall GF Score™ is 17/100 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 Tubos Reunidos (XMAD:TRG), the current EBIT is €-87.5 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 Tubos Reunidos (XMAD:TRG) Overvalued in 2026?

Based on GuruFocus' analysis, Tubos Reunidos stock appears to be undervalued. The current stock price of €0.14 is trading 70.7% below its estimated GF Value™ of €0.49. GuruFocus considers Tubos Reunidos to be Possible Value Trap.

Key valuation signals for XMAD:TRG:

  • EBIT: €-87.5 Mil
  • GF Value™: €0.49 vs. price of €0.14 (70.7% below fair value)
  • GF Score™: 17/100 with 4 warning signs

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


Tubos Reunidos Business Description

Other Exchanges 0KD2:UKTU1:Germany
Address Barrio de Sagarribai, 2, Amurrio, Alava, ESP, 01470
Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.
17GF Score

Get the complete analysis for XMAD:TRG

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

€0.14
Price
€0.49
GF Value