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The following section summarizes insights on Tecnotree Oyj's Unadjusted EBIT:
We've identified the following companies as similar to Tecnotree Oyj because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Unadjusted EBIT in the financials category include:
Income before interest and taxes
Unadjusted EBIT for Tecnotree Oyj is calculated as follows:
Earnings Before Taxes [ 12.804 M ]
(+) Net Interest Expense [ 352 T ]
(+) Non Operating Expenses [ 10.656 M ]
(=) Unadjusted EBIT [ 23.812 M ]
Unadjusted EBIT is defined as Earnings before Interest and Taxes including unusual items. It is a commonly used metric in valuation as a proxy for operating profitability. EBIT gives us a clearer picture of profitability when comparing companies with different levels of debt since it excludes interest expense.
Two companies that are otherwise similar may have different levels of debt. The company with higher debt will likely have higher interest expense and lower Net Income. Since EBITDA ignores interest expense, it is not directly affected by management’s financing decisions.
The amount of a tax a company pays each year is determined by a wide range of factors that does not always reflect the profitability of the company since the taxes a company is subject to reflects factors like political jurisdictions, past loss carryforwards, research and development tax credits, and depreciation on capital assets to name a few.
Unusual items consist of income or expenses included in a company’s income statement from events, which are unusual and infrequent in nature.
EBIT is most useful in ratios to benchmark profitability, growth, credit risk, and relative valution. Popular EBIT benchmark metrics include unadjusted ebit margin, unadjusted ebit growth and ev / ebit.
The chart above depicts the distribution of Unadjusted EBIT for companies operating in the Information Technology Sector in the Developed economic region. Over 2,600 companies were considered in this analysis, and 2,500 had meaningful values. The average Unadjusted EBIT of companies in the Sector is 37.596 M with a standard deviation of 160 M. Please note that Sector and Industry values may differ from other sources, as no adjustments have been made.
Tecnotree Oyj's Unadjusted EBIT of 23.812 M ranks in the 80.4% percentile for the Sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,604 |
| Included Constituents | 2,500 |
| Min | -143.6 M |
| Max | 1.527 B |
| Median | 425.45 K |
| Mean | 37.596 M |
| Standard Deviation | 160 M |
You can find companies with similar Unadjusted EBIT using this stock screener.