Metro Performance Glass (ASX:MPP) Operating Income: A$-32.2 Mil (TTM As of Mar. 2026)

What is Metro Performance Glass Operating Income?

Metro Performance Glass ASX:MPP +7.41% 33 Operating Income is A$-32.2 Mil as of Mar. 2026. GuruFocus rates ASX:MPP with a GF Score™ of 33/100 and a GF Value™ of A$0.49 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Metro Performance Glass's Operating Income for the six months ended in Mar. 2026 was A$-25.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was A$-32.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Metro Performance Glass's Operating Income for the six months ended in Mar. 2026 was A$-25.5 Mil. Metro Performance Glass's Revenue for the six months ended in Mar. 2026 was A$65.5 Mil. Therefore, Metro Performance Glass's Operating Margin % for the quarter that ended in Mar. 2026 was -38.92%.

Metro Performance Glass'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. Metro Performance Glass's annualized ROC % for the quarter that ended in Mar. 2026 was -25.46%. Metro Performance Glass's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -10.25%.

Metro Performance Glass (ASX:MPP) Operating Income Explanation

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

Metro Performance Glass's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-50.976 * ( 1 - 28.6% )	/	( (151.389	+	134.52)	/ 2 )
=	-36.396864	/	142.9545
=	-25.46 %

where

	Invested Capital		(Q: Sep. 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	))
=	178.217	-	22.014	-	( 4.814	-	max(0, 31.967	-	58.015	+	4.814	))
=	151.389

	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	))
=	163.294	-	21.886	-	( 6.888	-	max(0, 32.205	-	55.09	+	6.888	))
=	134.52

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Metro Performance Glass's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-10.866	/	( ( (85.244 + max(28.795, 0))	+	(72.878 + max(25.085, 0)) )	/	2 )
=	-10.866	/	( ( 114.039	+	97.963 )	/	2 )
=	-10.866	/	106.001
=	-10.25 %

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(27.262	+	23.461	+	2.478)	-	(22.014	+	0	+	2.392)
=	28.795

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.615	+	19.723	+	3.639)	-	(21.886	+	1.444	+	0.562)
=	25.085

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Metro Performance Glass's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	-25.488	/	65.496
	=	-38.92 %

* 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.

Metro Performance Glass Operating Income Related Terms

Metro Performance Glass Operating Income Historical Data

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The historical data trend for Metro Performance Glass's Operating Income can be seen below:

Metro Performance Glass Operating Income Chart

Metro Performance Glass Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Operating Income

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-15.03

0.86

-10.57

-17.27

-13.83

Metro Performance Glass Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Operating Income	Get a 7-Day Free Trial															-8.81	-7.98	-9.38	-6.75	-25.49

33GF Score

Metro Performance Glass Ltd ASX:MPP

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Metro Performance Glass 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-32.2 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of A$-32.2 Mil mean?

Metro Performance Glass (ASX:MPP) has a Operating Income of A$-32.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Metro Performance Glass and its competitors.

Is Metro Performance Glass' Operating Income too high?

Metro Performance Glass' current Operating Income is A$-32.2 Mil. Overall, Metro Performance Glass has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Metro Performance Glass' Operating Income compare to TT and JCI?

Metro Performance Glass' Operating Income of A$-32.2 Mil can be compared against companies in the Construction 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 Construction company?

A good Operating Income depends on the Construction 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 Metro Performance Glass and its competitors. Metro Performance Glass's current Operating Income is A$-32.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Metro Performance Glass stock overvalued right now?

Based on GuruFocus' analysis, Metro Performance Glass (ASX:MPP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.49, compared to a current price of A$1.02 — trading 107.1% above its estimated fair value. The current Operating Income is A$-32.2 Mil. Metro Performance Glass' overall GF Score™ is 33/100 with 6 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 Metro Performance Glass (ASX:MPP), the current Operating Income is A$-32.2 Mil as of Mar. 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 Metro Performance Glass (ASX:MPP) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Performance Glass stock appears to be overvalued. The current stock price of A$1.02 is trading 107.1% above its estimated GF Value™ of A$0.49. GuruFocus considers Metro Performance Glass to be Significantly Overvalued.

Key valuation signals for ASX:MPP:

Operating Income: A$-32.2 Mil
GF Value™: A$0.49 vs. price of A$1.02 (107.1% above fair value)
GF Score™: 33/100 with 6 warning signs

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

Metro Performance Glass Business Description

Industry Industrials Construction

Comparable Companies TT JCI CARR XPAR:SGO TSE:6367 XSWX:GEBN LII MAIR DUB:KRX MAS CSL XSWX:BEAN WMS SPXC OC AAON BLDR TSE:5332 SZSE:000811 OSTO:NIBE B

Other Exchanges MPG:New Zealand

Address 5 Lady Fisher Place, East Tamaki, Auckland, NZL, 2013

Website https://www.metroglass.co.nz

Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.

33GF Score

Get the complete analysis for ASX:MPP

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

A$1.02

Price

A$0.49

GF Value

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