Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) Operating Income: د.إ14,149 Mil (TTM As of Jun. 2026)

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.

ADX:ALPHADHABI Alpha Dhabi Holding PJSC ADX:ALPHADHABI
87 GF Score
Price د.إ7.68
GF Value د.إ15.57
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Alpha Dhabi Holding PJSC Operating Income?

Alpha Dhabi Holding PJSC ADX:ALPHADHABI -0.13% 87 Operating Income is د.إ14,149 Mil as of Jun. 2026. GuruFocus rates ADX:ALPHADHABI with a GF Score™ of 87/100 and a GF Value™ of د.إ15.57 (Possible Value Trap). The stock has 4 warning signs investors should review.

Alpha Dhabi Holding PJSC's Operating Income for the three months ended in Jun. 2026 was د.إ3,637 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was د.إ14,149 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alpha Dhabi Holding PJSC's Operating Income for the three months ended in Jun. 2026 was د.إ3,637 Mil. Alpha Dhabi Holding PJSC's Revenue for the three months ended in Jun. 2026 was د.إ18,787 Mil. Therefore, Alpha Dhabi Holding PJSC's Operating Margin % for the quarter that ended in Jun. 2026 was 19.36%.

Good Sign:

Alpha Dhabi Holding PJSC operating margin is expanding. Margin expansion is usually a good sign.

Alpha Dhabi Holding PJSC's 5-Year average Growth Rate for Operating Margin % was 9.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alpha Dhabi Holding PJSC's annualized ROC % for the quarter that ended in Jun. 2026 was 10.09%. Alpha Dhabi Holding PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 58.76%.


Alpha Dhabi Holding PJSC  (ADX:ALPHADHABI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Alpha Dhabi Holding PJSC's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=14548.68 * ( 1 - 7.872% )/( (130594.216 + 134996.856)/ 2 )
=13403.4079104/132795.536
=10.09 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=225783.532 - 36901.533 - ( 58287.783 - max(0, 67039.987 - 140113.376+58287.783))
=130594.216

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=230058.8 - 38190.323 - ( 56871.621 - max(0, 66763.516 - 141399.644+56871.621))
=134996.856

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Alpha Dhabi Holding PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=25764.296/( ( (22423.255 + max(18808.124, 0)) + (22796.497 + max(23658.988, 0)) )/ 2 )
=25764.296/( ( 41231.379 + 46455.485 )/ 2 )
=25764.296/43843.432
=58.76 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53558.181 + 27046.273 + ) - (36901.533 + 22691.958 + 2202.839)
=18808.124

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(54153.015 + 29358.588 + ) - (38190.323 + 21175.723 + 486.56900000001)
=23658.988

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Alpha Dhabi Holding PJSC's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=3637.17/18787.271
=19.36 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Alpha Dhabi Holding PJSC Operating Income Related Terms


Alpha Dhabi Holding PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for Alpha Dhabi Holding PJSC's Operating Income 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.

Alpha Dhabi Holding PJSC Operating Income Chart

Alpha Dhabi Holding PJSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 5,153.53 5,976.07 6,361.16 9,600.17 14,037.93

Alpha Dhabi Holding PJSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 3,312.15 3,239.11 4,173.40 3,099.22 3,637.17
ADX:ALPHADHABI
87GF Score
Alpha Dhabi Holding PJSC ADX:ALPHADHABI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpha Dhabi Holding PJSC Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ14,149 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of د.إ14,149 Mil mean?
Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) has a Operating Income of د.إ14,149 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alpha Dhabi Holding PJSC and its competitors.
Is Alpha Dhabi Holding PJSC's Operating Income too high?
Alpha Dhabi Holding PJSC's current Operating Income is د.إ14,149 Mil. Overall, Alpha Dhabi Holding PJSC has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alpha Dhabi Holding PJSC's Operating Income compare to MMM and HON?
Alpha Dhabi Holding PJSC's Operating Income of د.إ14,149 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Conglomerates company?
A good Operating Income depends on the Conglomerates industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alpha Dhabi Holding PJSC and its competitors. Alpha Dhabi Holding PJSC's current Operating Income is د.إ14,149 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Dhabi Holding PJSC stock overvalued right now?
Based on GuruFocus' analysis, Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) is currently considered Possible Value Trap. The stock's GF Value™ is د.إ15.57, compared to a current price of د.إ7.68 — trading 50.7% below its estimated fair value. The current Operating Income is د.إ14,149 Mil. Alpha Dhabi Holding PJSC's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Alpha Dhabi Holding PJSC (ADX:ALPHADHABI), the current Operating Income is د.إ14,149 Mil as of Jun. 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 Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) Overvalued in 2026?

Based on GuruFocus' analysis, Alpha Dhabi Holding PJSC stock appears to be undervalued. The current stock price of د.إ7.68 is trading 50.7% below its estimated GF Value™ of د.إ15.57. GuruFocus considers Alpha Dhabi Holding PJSC to be Possible Value Trap.

Key valuation signals for ADX:ALPHADHABI:

  • Operating Income: د.إ14,149 Mil
  • GF Value™: د.إ15.57 vs. price of د.إ7.68 (50.7% below fair value)
  • GF Score™: 87/100 with 4 warning signs

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


Alpha Dhabi Holding PJSC Business Description

Address Al Markaziyah West, The Landmark Tower, 65th Floor, Abu Dhabi Corniche, Abu Dhabi, ARE
Alpha Dhabi Holding PJSC is an investment holding company in the UAE. It is organized into eight verticals such as Industrial, Construction, Hospitality, Healthcare, Investments, Energy, Climate Capital; and Real Estate. The Company operates in four main segments: Industrial (dredging, land reclamation, construction contracts), Construction (commercial and residential buildings, infrastructure), Real Estate (property rentals, investments, sales), Services and other segments which comprise management services, hospitality income as well as a variety of smaller ancillary activities.
87GF Score

Get the complete analysis for ADX:ALPHADHABI

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

د.إ7.68
Price
د.إ15.57
GF Value