Implenia AG (XSWX:IMPN) EBIT: CHF139 Mil (TTM As of Dec. 2025)


XSWX:IMPN Implenia AG XSWX:IMPN
56 GF Score
Price CHF71.90
GF Value CHF35.34
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Implenia AG EBIT?

Implenia AG XSWX:IMPN -3.23% 56 EBIT is CHF139 Mil as of Dec. 2025. GuruFocus rates XSWX:IMPN with a GF Score™ of 56/100 and a GF Value™ of CHF35.34 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Implenia AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was CHF83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was CHF139 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Implenia AG's annualized ROC % for the quarter that ended in Dec. 2025 was 2.69%. Implenia AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 41.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Implenia AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 20.55%.


Implenia AG  (XSWX:IMPN) EBIT Explanation

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

Implenia 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 )
=74.962 * ( 1 - 23.88% )/( (2299.482 + 1938.71)/ 2 )
=57.0610744/2119.096
=2.69 %

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))
=3284.811 - 869.905 - ( 447.262 - max(0, 2006.456 - 2121.88+447.262))
=2299.482

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))
=3326.899 - 980.699 - ( 658.014 - max(0, 1742.578 - 2150.068+658.014))
=1938.71

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:

Implenia 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 )
=166.188/( ( (423.28 + max(-1105.679, 0)) + (378.107 + max(-835.105, 0)) )/ 2 )
=166.188/( ( 423.28 + 378.107 )/ 2 )
=166.188/400.6935
=41.48 %

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)
=(574.593 + 245.779 + 80.405) - (869.905 + 0 + 1136.551)
=-1105.679

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(573.199 + 263.811 + 70.463) - (980.699 + 0 + 761.879)
=-835.105

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=138.568/674.193
=20.55 %

* 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.


Implenia AG EBIT Related Terms


Implenia AG EBIT Historical Data

* Premium members only.

The historical data trend for Implenia 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.

Implenia AG EBIT Chart

Implenia 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 105.97 142.58 127.17 126.47 138.57

Implenia 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 83.42 45.06 81.41 55.47 83.09

XSWX:IMPN vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Implenia 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.


Implenia AG EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Implenia AG's EV-to-EBIT distribution charts can be found below:

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


XSWX:IMPN
56GF Score
Implenia AG XSWX:IMPN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Implenia 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 CHF139 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 CHF139 Mil mean?
Implenia AG (XSWX:IMPN) has a EBIT of CHF139 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Implenia AG.
Is Implenia AG's EBIT too high?
Implenia AG's current EBIT is CHF139 Mil. Overall, Implenia AG has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Implenia AG's EBIT compare to PWR and FIX?
Implenia AG's EBIT of CHF139 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 Implenia AG. Implenia AG's current EBIT is CHF139 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Implenia AG stock overvalued right now?
Based on GuruFocus' analysis, Implenia AG (XSWX:IMPN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF35.34, compared to a current price of CHF71.90 — trading 103.5% above its estimated fair value. The current EBIT is CHF139 Mil. Implenia AG's overall GF Score™ is 56/100 with 6 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 Implenia AG (XSWX:IMPN), the current EBIT is CHF139 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 Implenia AG (XSWX:IMPN) Overvalued in 2026?

Based on GuruFocus' analysis, Implenia AG stock appears to be overvalued. The current stock price of CHF71.90 is trading 103.5% above its estimated GF Value™ of CHF35.34. GuruFocus considers Implenia AG to be Significantly Overvalued.

Key valuation signals for XSWX:IMPN:

  • EBIT: CHF139 Mil
  • GF Value™: CHF35.34 vs. price of CHF71.90 (103.5% above fair value)
  • GF Score™: 56/100 with 6 warning signs

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


Implenia AG Business Description

Other Exchanges IMPNz:UK0QNT:UKI8T:Germany
Address Thurgauerstrasse 101A, Glattpark, Opfikon, Zurich, CHE, CH-8152
Implenia AG is a construction service company. The company operates through four business segments: Buildings, Civil engineering, and Service Solutions. The company's projects include complex new construction, modernization work on existing properties, tunnel construction, civil engineering, and others. The company generates majority of its revenue from Civil engineering segments, and more than half of its revenue is earned in Switzerland.
56GF Score

Get the complete analysis for XSWX:IMPN

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

CHF71.90
Price
CHF35.34
GF Value