Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Matas AS's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was -1.60. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Matas AS's Degree of Operating Leverage or its related term are showing as below:
CHIX:MATASc's Degree of Operating Leverage is ranked better than 73.03% of 1105
companies
in the Retail - Cyclical industry
Industry Median: 1.14
vs CHIX:MATASc: -1.60
Matas AS (CHIX:MATASc) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Matas AS Degree of Operating Leverage Related Terms
Matas AS Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Matas AS's Degree of Operating Leverage 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.
CHIX:MATASC vs CASY, WSM, ULTA: Degree of Operating Leverage Comparison
For the Specialty Retail subindustry, Matas AS's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.
Matas AS Degree of Operating Leverage vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Matas AS's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Matas AS's Degree of Operating Leverage falls into.
* 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of -1.60 mean?
Matas AS (CHIX:MATASC) has a Degree of Operating Leverage of -1.60 as of Mar. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Matas AS and its competitors. According to the industry distribution chart, Matas AS ranks #298 out of 1105 companies in the Retail - Cyclical industry, placing it in the top 27%.
Is Matas AS's Degree of Operating Leverage too high?
Matas AS's current Degree of Operating Leverage is -1.60. Based on the distribution chart, Matas AS ranks #298 out of 1105 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Matas AS has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Matas AS's Degree of Operating Leverage compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Matas AS ranks #298 out of 1105 companies for Degree of Operating Leverage. This puts Matas AS in the upper half of its industry. The industry median Degree of Operating Leverage is 1.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Retail - Cyclical company?
The median Degree of Operating Leverage among Retail - Cyclical companies is 1.14, based on 1,105 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Matas AS and its competitors. For the Retail - Cyclical industry, the median Degree of Operating Leverage is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matas AS's current Degree of Operating Leverage is -1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matas AS stock overvalued right now?
Matas AS (CHIX:MATASC) has a current Degree of Operating Leverage of -1.60. The stock's GF Value™ is kr178.66, compared to a current price of kr100.70 — trading 43.6% below its estimated fair value. The current Degree of Operating Leverage is -1.60. Matas AS's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Matas AS (CHIX:MATASC), the current Degree of Operating Leverage is -1.60 as of Mar. 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.
Is Matas AS (CHIX:MATASC) Overvalued in 2026?
Based on GuruFocus' analysis, Matas AS stock appears to be undervalued.
The current stock price of kr100.70 is trading 43.6% below its estimated GF Value™ of kr178.66.
Key valuation signals for CHIX:MATASC:
Degree of Operating Leverage: -1.60
GF Value™: kr178.66 vs. price of kr100.70 (43.6% below fair value)
No single metric tells the full story. See the CHIX:MATASC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matas AS is beauty and wellbeing brands. It has three segments Matas, KICKS and Other. It generates majority of revenue from Matas segment. Its product groups are High-end Beauty: Luxury beauty products, including cosmetics, skincare and haircare products and fragrances; Mass Beauty: Everyday beauty products and personal care, including cosmetics and skincare and haircare products; Health and Wellbeing: MediCare Vitamins, minerals, health supplements, specialty foods and herbal medicinal products. Sports, nutrition and exercise. Baby and parent. Sexual wellness, Personal care products and special skincare; Other: Clothing and accessories. It generates majority of revenue from Denmark followed by Sweden, Norway, and Other countries.
84GF Score
Get the complete analysis for CHIX:MATASC
Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:MATASC has been successfully added to your 
