Atos Group (WBO:ATO2) Degree of Operating Leverage : 11.93 (As of Dec. 2025)


WBO:ATO2 Atos Group WBO:ATO2
46 GF Score
Price €33.82
GF Value €16.93
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Atos Group Degree of Operating Leverage?

Atos Group WBO:ATO2 +2.73% 46 Degree of Operating Leverage is 11.93 as of Dec. 2025. GuruFocus rates WBO:ATO2 with a GF Score™ of 46/100 and a GF Value™ of €16.93 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,698 Software companies, Atos Group ranks worse than 87.66% on this metric.

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Atos Group's Degree of Operating Leverage for the quarter that ended in Dec. 2025 was 11.93. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Atos Group's Degree of Operating Leverage or its related term are showing as below:

WBO:ATO2's Degree of Operating Leverage is ranked worse than
87.66% of 2698 companies
in the Software industry
Industry Median: 0.57 vs WBO:ATO2: 11.93

Atos Group  (WBO:ATO2) 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.


Atos Group Degree of Operating Leverage Related Terms


Atos Group Degree of Operating Leverage Historical Data

* Premium members only.

The historical data trend for Atos Group'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.

Atos Group Degree of Operating Leverage Chart

Atos Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 174.46 -17.65 -49.88 12.25 11.93

Atos Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Degree of Operating Leverage 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 -49.88 -41.31 12.25 10.02 11.93

WBO:ATO2 vs IBM, ACN, FISV: Degree of Operating Leverage Comparison

For the Information Technology Services subindustry, Atos Group'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.


Atos Group Degree of Operating Leverage vs Software Industry

For the Software industry and Technology sector, Atos Group's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Atos Group's Degree of Operating Leverage falls into.


WBO:ATO2
46GF Score
Atos Group WBO:ATO2
Degree of Operating Leverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Atos Group Degree of Operating Leverage Calculation

Atos Group's Degree of Operating Leverage for the quarter that ended in Dec. 2025 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( -809 (Dec. 2025) / 840 (Dec. 2024) - 1 )/( 8001 (Dec. 2025) / 9577 (Dec. 2024) - 1 )
=-1.9631/-0.1646
=11.93***

* 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 11.93 mean?
Atos Group (WBO:ATO2) has a Degree of Operating Leverage of 11.93 as of Dec. 2025. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Atos Group and its competitors. According to the industry distribution chart, Atos Group ranks #2365 out of 2698 companies in the Software industry, placing it in the top 87.7%.
Is Atos Group's Degree of Operating Leverage too high?
Atos Group's current Degree of Operating Leverage is 11.93. The Software industry median Degree of Operating Leverage is 0.57. Atos Group's value of 11.93 is 1993% above this industry median. Based on the distribution chart, Atos Group ranks #2365 out of 2698 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Atos Group has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atos Group's Degree of Operating Leverage compare to IBM and ACN?
According to the Software industry distribution chart, Atos Group ranks #2365 out of 2698 companies for Degree of Operating Leverage. This places Atos Group in the lower half of its industry. The industry median Degree of Operating Leverage is 0.57. Atos Group's value of 11.93 is 1993% above this benchmark. 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 Software company?
The median Degree of Operating Leverage among Software companies is 0.57, based on 2,698 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. Atos Group's current Degree of Operating Leverage of 11.93 is 1993% above the industry median. 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 Atos Group and its competitors. For the Software industry, the median Degree of Operating Leverage is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atos Group's current Degree of Operating Leverage is 11.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atos Group stock overvalued right now?
Based on GuruFocus' analysis, Atos Group (WBO:ATO2) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.93, compared to a current price of €33.82 — trading 99.8% above its estimated fair value. The current Degree of Operating Leverage is 11.93 and 1993% above the Software industry median of 0.57. Atos Group's overall GF Score™ is 46/100 with 4 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 Atos Group (WBO:ATO2), the current Degree of Operating Leverage is 11.93 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 Atos Group (WBO:ATO2) Overvalued in 2026?

Based on GuruFocus' analysis, Atos Group stock appears to be overvalued. The current stock price of €33.82 is trading 99.8% above its estimated GF Value™ of €16.93. GuruFocus considers Atos Group to be Significantly Overvalued.

Key valuation signals for WBO:ATO2:

  • Degree of Operating Leverage: 11.93
  • GF Value™: €16.93 vs. price of €33.82 (99.8% above fair value)
  • GF Score™: 46/100 with 4 warning signs
  • Industry Position: 1993% above the Software median (#2365 of 2698)

No single metric tells the full story. See the WBO:ATO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atos Group Business Description

Address River Ouest, 80 Quai Voltaire, Bezons Cedex, Paris, FRA, 95870
Atos Group is a digital transformation company. It provides digital transformation and technology services. The company's offerings include the development and implementation of AI-enabled digital solutions, as well as related technology, integration, and support services for organizations.
46GF Score

Get the complete analysis for WBO:ATO2

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

€33.82
Price
€16.93
GF Value