AUB Group (ASX:AUB) Operating Income: A$216 Mil (TTM As of Dec. 2025)

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ASX:AUB AUB Group Ltd ASX:AUB
84 GF Score
Price A$28.92
GF Value A$49.74
Valuation Possible Value Trap
! 5 Warning Signs
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What is AUB Group Operating Income?

AUB Group ASX:AUB +0.38% 84 Operating Income is A$216 Mil as of Dec. 2025. GuruFocus rates ASX:AUB with a GF Score™ of 84/100 and a GF Value™ of A$49.74 (Possible Value Trap). The stock has 5 warning signs investors should review.

AUB Group's Operating Income for the six months ended in Dec. 2025 was A$88 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$216 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AUB Group's Operating Income for the six months ended in Dec. 2025 was A$88 Mil. AUB Group's Revenue for the six months ended in Dec. 2025 was A$535 Mil. Therefore, AUB Group's Operating Margin % for the quarter that ended in Dec. 2025 was 16.39%.

Good Sign:

AUB Group Ltd operating margin is expanding. Margin expansion is usually a good sign.

AUB Group's 5-Year average Growth Rate for Operating Margin % was 0.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AUB Group's annualized ROC % for the quarter that ended in Dec. 2025 was 3.94%. AUB Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 267.59%.


AUB Group  (ASX:AUB) Operating Income Explanation

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

AUB Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=175.296 * ( 1 - 26.36% )/( (3318.962 + 3228.714)/ 2 )
=129.0879744/3273.838
=3.94 %

where

Invested Capital(Q: Jun. 2025 )
=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))
=4733.357 - 1223.749 - ( 1344.019 - max(0, 1484.638 - 1675.284+1344.019))
=3318.962

Invested Capital(Q: Dec. 2025 )
=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))
=4599.473 - 1176.24 - ( 1276.794 - max(0, 1388.39 - 1582.909+1276.794))
=3228.714

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

AUB Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=231.8/( ( (90.415 + max(-1360.154, 0)) + (82.832 + max(-1000.187, 0)) )/ 2 )
=231.8/( ( 90.415 + 82.832 )/ 2 )
=231.8/86.6235
=267.59 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.162 + 0 + 58.212) - (1223.749 + 62.471 + 172.308)
=-1360.154

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(283.854 + 0 + 22.261) - (1176.24 + 20.098 + 109.964)
=-1000.187

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

AUB Group's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=87.648/534.834
=16.39 %

* 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.


AUB Group Operating Income Related Terms


AUB Group Operating Income Historical Data

* Premium members only.

The historical data trend for AUB Group'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.

AUB Group Operating Income Chart

AUB Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.33 64.70 98.74 151.01 173.66

AUB Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 32.56 118.45 45.61 128.05 87.65
ASX:AUB
84GF Score
AUB Group Ltd ASX:AUB
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AUB Group 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$216 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 A$216 Mil mean?
AUB Group (ASX:AUB) has a Operating Income of A$216 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AUB Group and its competitors.
Is AUB Group's Operating Income too high?
AUB Group's current Operating Income is A$216 Mil. Overall, AUB Group has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AUB Group's Operating Income compare to MRSH and AON?
AUB Group's Operating Income of A$216 Mil can be compared against companies in the Insurance 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 an Insurance company?
A good Operating Income depends on the Insurance 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 AUB Group and its competitors. AUB Group's current Operating Income is A$216 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AUB Group stock overvalued right now?
Based on GuruFocus' analysis, AUB Group (ASX:AUB) is currently considered Possible Value Trap. The stock's GF Value™ is A$49.74, compared to a current price of A$28.92 — trading 41.9% below its estimated fair value. The current Operating Income is A$216 Mil. AUB Group'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 Operating Income calculated?
Operating Income is calculated from a company's financial statements. For AUB Group (ASX:AUB), the current Operating Income is A$216 Mil 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 AUB Group (ASX:AUB) Overvalued in 2026?

Based on GuruFocus' analysis, AUB Group stock appears to be undervalued. The current stock price of A$28.92 is trading 41.9% below its estimated GF Value™ of A$49.74. GuruFocus considers AUB Group to be Possible Value Trap.

Key valuation signals for ASX:AUB:

  • Operating Income: A$216 Mil
  • GF Value™: A$49.74 vs. price of A$28.92 (41.9% below fair value)
  • GF Score™: 84/100 with 5 warning signs

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


AUB Group Business Description

Other Exchanges A5H:Germany
Address 141 Walker Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060
AUB Group is the second-largest general insurance broker network in Australia and New Zealand. It has an ownership in brokerage businesses that collectively write over AUD 5 billion in premiums. It also owns equity stakes in 35 underwriting agencies. AUB derives revenue from commissions (from insurers, ultimately paid for by AUB's customers), based on gross written premium from agencies it owns, and a share of profits from associates and joint ventures. GWP is split among personal (3%), small to medium enterprises (70%), and corporates (27%).
84GF Score

Get the complete analysis for ASX:AUB

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

A$28.92
Price
A$49.74
GF Value