Emmi AG (XSWX:EMMN) EBIT: CHF326 Mil (TTM As of Dec. 2025)


XSWX:EMMN Emmi AG XSWX:EMMN
89 GF Score
Price CHF860.00
GF Value CHF965.46
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Emmi AG EBIT?

Emmi AG XSWX:EMMN +1.18% 89 EBIT is CHF326 Mil as of Dec. 2025. GuruFocus rates XSWX:EMMN with a GF Score™ of 89/100 and a GF Value™ of CHF965.46 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Emmi AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was CHF180 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was CHF326 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emmi AG's annualized ROC % for the quarter that ended in Dec. 2025 was 12.39%. Emmi AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Emmi AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.77%.


Emmi AG  (XSWX:EMMN) EBIT Explanation

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

Emmi 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 )
=379.452 * ( 1 - 16.35% )/( (2572.83 + 2551.277)/ 2 )
=317.411598/2562.0535
=12.39 %

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))
=3318.187 - 450.95 - ( 294.407 - max(0, 797.818 - 1571.319+294.407))
=2572.83

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))
=3481.214 - 524.374 - ( 405.563 - max(0, 995.584 - 1700.657+405.563))
=2551.277

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:

Emmi 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 )
=360.636/( ( (1250.762 + max(373.18, 0)) + (1285.765 + max(392.058, 0)) )/ 2 )
=360.636/( ( 1623.942 + 1677.823 )/ 2 )
=360.636/1650.8825
=21.85 %

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)
=(486.855 + 624.782 + 0) - (450.95 + 0 + 287.507)
=373.18

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(542.006 + 599.915 + 37.083) - (524.374 + 0 + 262.572)
=392.058

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=325.673/5645.025
=5.77 %

* 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.


Emmi AG EBIT Related Terms


Emmi AG EBIT Historical Data

* Premium members only.

The historical data trend for Emmi 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.

Emmi AG EBIT Chart

Emmi 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 282.96 245.77 257.09 302.71 325.67

Emmi 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 118.55 140.28 162.44 145.36 180.32

XSWX:EMMN vs KHC, GIS, JBS: EBIT Comparison

For the Packaged Foods subindustry, Emmi 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.


Emmi AG EV-to-EBIT vs Consumer Packaged Goods Industry

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

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


XSWX:EMMN
89GF Score
Emmi AG XSWX:EMMN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Emmi 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 CHF326 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 CHF326 Mil mean?
Emmi AG (XSWX:EMMN) has a EBIT of CHF326 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Emmi AG.
Is Emmi AG's EBIT too high?
Emmi AG's current EBIT is CHF326 Mil. Overall, Emmi AG has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emmi AG's EBIT compare to KHC and GIS?
Emmi AG's EBIT of CHF326 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 Emmi AG. Emmi AG's current EBIT is CHF326 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emmi AG stock overvalued right now?
Based on GuruFocus' analysis, Emmi AG (XSWX:EMMN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF965.46, compared to a current price of CHF860.00 — trading 10.9% below its estimated fair value. The current EBIT is CHF326 Mil. Emmi AG's overall GF Score™ is 89/100 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 Emmi AG (XSWX:EMMN), the current EBIT is CHF326 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 Emmi AG (XSWX:EMMN) Overvalued in 2026?

Based on GuruFocus' analysis, Emmi AG stock appears to be undervalued. The current stock price of CHF860.00 is trading 10.9% below its estimated GF Value™ of CHF965.46. GuruFocus considers Emmi AG to be Modestly Undervalued.

Key valuation signals for XSWX:EMMN:

  • EBIT: CHF326 Mil
  • GF Value™: CHF965.46 vs. price of CHF860.00 (10.9% below fair value)
  • GF Score™: 89/100 with 4 warning signs

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


Emmi AG Business Description

Address Landenbergstrasse 1, Lucerne, CHE, CH-6005
Emmi AG is a Swiss dairy products manufacturer. The company generates revenue in Switzerland, the Americas, other European countries, and the rest of the world. By product category, dairy products, cheese, and fresh products are the main segments. The company also offers powder/concentrates among other products/services.
89GF Score

Get the complete analysis for XSWX:EMMN

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

CHF860.00
Price
CHF965.46
GF Value