Endurance Motive (XMAD:END) Degree of Operating Leverage : -1.98 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XMAD:END Endurance Motive SA XMAD:END
64 GF Score
Price €3.25
GF Value €1.39
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Endurance Motive Degree of Operating Leverage?

Endurance Motive XMAD:END 64 Degree of Operating Leverage is -1.98 as of Dec. 2025. GuruFocus rates XMAD:END with a GF Score™ of 64/100 and a GF Value™ of €1.39 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,981 Industrial Products companies, Endurance Motive ranks better than 75.58% on this metric.

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Endurance Motive's Degree of Operating Leverage for the quarter that ended in Dec. 2025 was -1.98. The higher Degree of Operating Leverage, the higher operating risk the company will take.

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

XMAD:END's Degree of Operating Leverage is ranked better than
75.58% of 2981 companies
in the Industrial Products industry
Industry Median: 0.97 vs XMAD:END: -1.98

Endurance Motive  (XMAD:END) 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.


Endurance Motive Degree of Operating Leverage Related Terms


Endurance Motive Degree of Operating Leverage Historical Data

* Premium members only.

The historical data trend for Endurance Motive'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.

Endurance Motive Degree of Operating Leverage Chart

Endurance Motive Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Degree of Operating Leverage
Get a 7-Day Free Trial 0.68 1.34 -1.36 -20.80 -1.98

Endurance Motive Semi-Annual Data
Dec18 Dec19 Dec20 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 -1.36 -3.78 -20.80 21.03 -1.98

XMAD:END vs VRT, BE, HUBB: Degree of Operating Leverage Comparison

For the Electrical Equipment & Parts subindustry, Endurance Motive'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.


Endurance Motive Degree of Operating Leverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Endurance Motive's Degree of Operating Leverage distribution charts can be found below:

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


XMAD:END
64GF Score
Endurance Motive SA XMAD:END
Degree of Operating Leverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Endurance Motive Degree of Operating Leverage Calculation

Endurance Motive'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
=( -0.19 (Dec. 2025) / -1.026 (Dec. 2024) - 1 )/( 8.829 (Dec. 2025) / 6.254 (Dec. 2024) - 1 )
=-0.8148/0.4117
=-1.98***

* 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 -1.98 mean?
Endurance Motive (XMAD:END) has a Degree of Operating Leverage of -1.98 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 Endurance Motive and its competitors. According to the industry distribution chart, Endurance Motive ranks #728 out of 2981 companies in the Industrial Products industry, placing it in the top 24.4%.
Is Endurance Motive's Degree of Operating Leverage too high?
Endurance Motive's current Degree of Operating Leverage is -1.98. Based on the distribution chart, Endurance Motive ranks #728 out of 2981 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Endurance Motive has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Endurance Motive's Degree of Operating Leverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Endurance Motive ranks #728 out of 2981 companies for Degree of Operating Leverage. This places Endurance Motive in the top 24% of its industry — outperforming the majority of peers. The industry median Degree of Operating Leverage is 0.97. 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 an Industrial Products company?
The median Degree of Operating Leverage among Industrial Products companies is 0.97, based on 2,981 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 Endurance Motive and its competitors. For the Industrial Products industry, the median Degree of Operating Leverage is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Endurance Motive's current Degree of Operating Leverage is -1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endurance Motive stock overvalued right now?
Based on GuruFocus' analysis, Endurance Motive (XMAD:END) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.39, compared to a current price of €3.25 — trading 133.8% above its estimated fair value. The current Degree of Operating Leverage is -1.98. Endurance Motive's overall GF Score™ is 64/100 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 Endurance Motive (XMAD:END), the current Degree of Operating Leverage is -1.98 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 Endurance Motive (XMAD:END) Overvalued in 2026?

Based on GuruFocus' analysis, Endurance Motive stock appears to be overvalued. The current stock price of €3.25 is trading 133.8% above its estimated GF Value™ of €1.39. GuruFocus considers Endurance Motive to be Significantly Overvalued.

Key valuation signals for XMAD:END:

  • Degree of Operating Leverage: -1.98
  • GF Value™: €1.39 vs. price of €3.25 (133.8% above fair value)
  • GF Score™: 64/100 with 5 warning signs

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


Endurance Motive Business Description

Other Exchanges 7VB:Germany
Address Carrer de la Bernia 1, Canet den Berenguer, Valencia, ESP, 46529
Endurance Motive SA designs and assembles lithium batteries for electromobility. It offers complete solutions for the implementation of lithium-based storage technology for industrial traction equipment, naval sector and public transport vehicles.
64GF Score

Get the complete analysis for XMAD:END

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

€3.25
Price
€1.39
GF Value