EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Operating Income: د.إ1,010 Mil (TTM As of Jun. 2026)

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ADX:EMSTEEL EMSTEEL Building Materials PJSC ADX:EMSTEEL
78 GF Score
Price د.إ1.15
GF Value د.إ1.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is EMSTEEL Building Materials PJSC Operating Income?

EMSTEEL Building Materials PJSC ADX:EMSTEEL -1.71% 78 Operating Income is د.إ1,010 Mil as of Jun. 2026. GuruFocus rates ADX:EMSTEEL with a GF Score™ of 78/100 and a GF Value™ of د.إ1.39 (Modestly Undervalued). The stock has 3 warning signs investors should review.

EMSTEEL Building Materials PJSC's Operating Income for the three months ended in Jun. 2026 was د.إ294 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was د.إ1,010 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. EMSTEEL Building Materials PJSC's Operating Income for the three months ended in Jun. 2026 was د.إ294 Mil. EMSTEEL Building Materials PJSC's Revenue for the three months ended in Jun. 2026 was د.إ2,390 Mil. Therefore, EMSTEEL Building Materials PJSC's Operating Margin % for the quarter that ended in Jun. 2026 was 12.30%.

EMSTEEL Building Materials PJSC's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EMSTEEL Building Materials PJSC's annualized ROC % for the quarter that ended in Jun. 2026 was 11.84%. EMSTEEL Building Materials PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 14.09%.


EMSTEEL Building Materials PJSC  (ADX:EMSTEEL) Operating Income Explanation

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

EMSTEEL Building Materials 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 )
=1176.12 * ( 1 - 9.63% )/( (8989.989 + 8962.202)/ 2 )
=1062.859644/8976.0955
=11.84 %

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))
=11774.714 - 1260.9 - ( 1523.825 - max(0, 1738.989 - 5286.57+1523.825))
=8989.989

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))
=11760.618 - 1159.283 - ( 1639.133 - max(0, 1464.286 - 5351.978+1639.133))
=8962.202

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

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

EMSTEEL Building Materials 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 )
=1204.592/( ( (6409.926 + max(2159.267, 0)) + (6333.587 + max(2190.753, 0)) )/ 2 )
=1204.592/( ( 8569.193 + 8524.34 )/ 2 )
=1204.592/8546.7665
=14.09 %

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)
=(1334.5 + 2121.149 + 202.276) - (1260.9 + 0 + 237.758)
=2159.267

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1332.051 + 2060.155 + 249.413) - (1159.283 + 0 + 291.583)
=2190.753

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 %:

EMSTEEL Building Materials 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 )
=294.03/2389.599
=12.30 %

* 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.


EMSTEEL Building Materials PJSC Operating Income Related Terms


EMSTEEL Building Materials PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for EMSTEEL Building Materials 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.

EMSTEEL Building Materials PJSC Operating Income Chart

EMSTEEL Building Materials PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.58 575.96 653.75 293.17 634.82

EMSTEEL Building Materials 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 128.42 120.48 277.17 318.74 294.03
ADX:EMSTEEL
78GF Score
EMSTEEL Building Materials PJSC ADX:EMSTEEL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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EMSTEEL Building Materials 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.إ1,010 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.إ1,010 Mil mean?
EMSTEEL Building Materials PJSC (ADX:EMSTEEL) has a Operating Income of د.إ1,010 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on EMSTEEL Building Materials PJSC and its competitors.
Is EMSTEEL Building Materials PJSC's Operating Income too high?
EMSTEEL Building Materials PJSC's current Operating Income is د.إ1,010 Mil. Overall, EMSTEEL Building Materials PJSC has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EMSTEEL Building Materials PJSC's Operating Income compare to NUE and STLD?
EMSTEEL Building Materials PJSC's Operating Income of د.إ1,010 Mil can be compared against companies in the Steel 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 Steel company?
A good Operating Income depends on the Steel 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 EMSTEEL Building Materials PJSC and its competitors. EMSTEEL Building Materials PJSC's current Operating Income is د.إ1,010 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EMSTEEL Building Materials PJSC stock overvalued right now?
Based on GuruFocus' analysis, EMSTEEL Building Materials PJSC (ADX:EMSTEEL) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.39, compared to a current price of د.إ1.15 — trading 17.3% below its estimated fair value. The current Operating Income is د.إ1,010 Mil. EMSTEEL Building Materials PJSC's overall GF Score™ is 78/100 with 3 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 EMSTEEL Building Materials PJSC (ADX:EMSTEEL), the current Operating Income is د.إ1,010 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 EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Overvalued in 2026?

Based on GuruFocus' analysis, EMSTEEL Building Materials PJSC stock appears to be undervalued. The current stock price of د.إ1.15 is trading 17.3% below its estimated GF Value™ of د.إ1.39. GuruFocus considers EMSTEEL Building Materials PJSC to be Modestly Undervalued.

Key valuation signals for ADX:EMSTEEL:

  • Operating Income: د.إ1,010 Mil
  • GF Value™: د.إ1.39 vs. price of د.إ1.15 (17.3% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


EMSTEEL Building Materials PJSC Business Description

Address Abu Dhabi Industrial City, PO Box: 9022, Musaffah, Abu Dhabi, ARE
EMSTEEL Building Materials PJSC is a steel and building materials manufacturer. The Group incorporates the latest technologies in manufacturing, efficiency and sustainability, to deliver the high-quality products, services and solutions that clients need for their business to thrive today and tomorrow. It produces home-grown high-quality steel products that are shipped and used across the world and delivered into world-wide markets, for the construction, engineering and energy sectors. The group segments include: Steel, Cement and Blocks, and Pipes and other. It derives maximum revenue from Steel segment.
78GF Score

Get the complete analysis for ADX:EMSTEEL

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

د.إ1.15
Price
د.إ1.39
GF Value