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Oceanic Iron OreFEOVF +1.86%24 EV-to-EBIT is -2.01 as of Jul. 26, 2026. GuruFocus rates FEOVF with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 665 Metals & Mining companies, Oceanic Iron Ore ranks worse than 150375.79% on this metric.
Oceanic Iron Ore (OTCPK:FEOVF) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Oceanic Iron Ore's Enterprise Value for the quarter that ended in Mar. 2026 was $123.60 Mil.
Oceanic Iron Ore's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-73.57 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.
Oceanic Iron Ore EV-to-EBIT Related Terms
Oceanic Iron Ore EV-to-EBIT Historical Data
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The historical data trend for Oceanic Iron Ore's EV-to-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.
For the Other Industrial Metals & Mining subindustry, Oceanic Iron Ore'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.
Oceanic Iron Ore EV-to-EBIT vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Oceanic Iron Ore's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Oceanic Iron Ore's EV-to-EBIT falls into.
Oceanic Iron Ore's current Enterprise Value is $147.61 Mil.
Oceanic Iron Ore's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-73.57 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.
Oceanic Iron Ore (FEOVF) has a EV-to-EBIT of -2.01 as of Jul. 26, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Oceanic Iron Ore and its competitors. According to the industry distribution chart, Oceanic Iron Ore ranks #999999 out of 665 companies in the Metals & Mining industry.
Is Oceanic Iron Ore's EV-to-EBIT too high?
Oceanic Iron Ore's current EV-to-EBIT is -2.01. Based on the distribution chart, Oceanic Iron Ore ranks #999999 out of 665 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Oceanic Iron Ore has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Oceanic Iron Ore's EV-to-EBIT compare to competitors?
According to the Metals & Mining industry distribution chart, Oceanic Iron Ore ranks #999999 out of 665 companies for EV-to-EBIT. This places Oceanic Iron Ore in the lower half of its industry. The industry median EV-to-EBIT is 11.81. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Metals & Mining company?
The median EV-to-EBIT among Metals & Mining companies is 11.81, based on 665 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Oceanic Iron Ore and its competitors. For the Metals & Mining industry, the median EV-to-EBIT is 11.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oceanic Iron Ore's current EV-to-EBIT is -2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceanic Iron Ore stock overvalued right now?
Oceanic Iron Ore (FEOVF) has a current EV-to-EBIT of -2.01. The current EV-to-EBIT is -2.01. Oceanic Iron Ore's overall GF Score™ is 24/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Oceanic Iron Ore (FEOVF), the current EV-to-EBIT is -2.01 as of Jul. 26, 2026. 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.
Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake. The Company operates as a single reportable segment, being the exploration of the Property.
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