BKW AG (XSWX:BKW) EBIT: CHF582 Mil (TTM As of Dec. 2025)


XSWX:BKW BKW AG XSWX:BKW
75 GF Score
Price CHF136.20
GF Value CHF149.57
Valuation Fairly Valued
! 3 Warning Signs
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What is BKW AG EBIT?

BKW AG XSWX:BKW -1.09% 75 EBIT is CHF582 Mil as of Dec. 2025. GuruFocus rates XSWX:BKW with a GF Score™ of 75/100 and a GF Value™ of CHF149.57 (Fairly Valued). The stock has 3 warning signs investors should review.

BKW AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was CHF291 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was CHF582 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BKW AG's annualized ROC % for the quarter that ended in Dec. 2025 was 3.47%. BKW AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BKW AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.66%.

BKW AG  (XSWX:BKW) EBIT Explanation

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

BKW AG'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 )
=465.8 * ( 1 - 27.11% )/( (9626 + 9970.4)/ 2 )
=339.52162/9798.2
=3.47 %

where

Invested Capital(Q: Jun. 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))
=10968.3 - 628.1 - ( 796.1 - max(0, 1889 - 2603.2+796.1))
=9626

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))
=11501.5 - 483.9 - ( 1051.5 - max(0, 1799 - 2846.2+1051.5))
=9970.4

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:

BKW AG'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 )
=581.2/( ( (4360.1 + max(-600.8, 0)) + (4437.5 + max(-397.3, 0)) )/ 2 )
=581.2/( ( 4360.1 + 4437.5 )/ 2 )
=581.2/4398.8
=13.21 %

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)
=(875.7 + 199.7 + 212.8) - (628.1 + 0 + 1260.9)
=-600.8

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(837.7 + 185 + 105.7) - (483.9 + 0 + 1041.8)
=-397.3

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:

BKW AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=582.2/8735.936
=6.66 %

* 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.

BKW AG EBIT Related Terms

BKW AG EBIT Historical Data

* Premium members only.

The historical data trend for BKW AG'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.

BKW AG EBIT Chart

BKW AG 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 496.10 1,030.50 665.70 896.70 582.20

BKW AG 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 210.60 510.30 386.40 291.60 290.60

BKW AG EBIT Competitor Comparison

For the Utilities - Renewable subindustry, BKW AG'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.

BKW AG EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's EV-to-EBIT distribution charts can be found below:

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


XSWX:BKW
75GF Score
BKW AG XSWX:BKW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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BKW AG 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 CHF582 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 CHF582 Mil mean?
BKW AG (XSWX:BKW) has a EBIT of CHF582 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BKW AG.
Is BKW AG's EBIT too high?
BKW AG's current EBIT is CHF582 Mil. Overall, BKW AG has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's EBIT compare to competitors?
BKW AG's EBIT of CHF582 Mil can be compared against companies in the Utilities - Independent Power Producers 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 - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers 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 BKW AG. BKW AG's current EBIT is CHF582 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (XSWX:BKW) is currently considered Fairly Valued. The stock's GF Value™ is CHF149.57, compared to a current price of CHF136.20 — trading 8.9% below its estimated fair value. The current EBIT is CHF582 Mil. BKW AG's overall GF Score™ is 75/100 with 3 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 BKW AG (XSWX:BKW), the current EBIT is CHF582 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 BKW AG (XSWX:BKW) Overvalued in 2026?

Based on GuruFocus' analysis, BKW AG stock appears to be undervalued. The current stock price of CHF136.20 is trading 8.9% below its estimated GF Value™ of CHF149.57. GuruFocus considers BKW AG to be Fairly Valued.

Key valuation signals for XSWX:BKW:

  • EBIT: CHF582 Mil
  • GF Value™: CHF149.57 vs. price of CHF136.20 (8.9% below fair value)
  • GF Score™: 75/100 with 3 warning signs

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

BKW AG Business Description

Address Viktoriaplatz 2, Bern, CHE, 3013
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
75GF Score

Get the complete analysis for XSWX:BKW

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

CHF136.20
Price
CHF149.57
GF Value