Laguna Resorts & Hotels PCL (BKK:LRH) Operating Income: ฿2,057 Mil (TTM As of Mar. 2026)

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BKK:LRH Laguna Resorts & Hotels PCL BKK:LRH
12 GF Score
Price ฿33.75
GF Value ฿54.42
! 5 Warning Signs
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What is Laguna Resorts & Hotels PCL Operating Income?

Laguna Resorts & Hotels PCL BKK:LRH 12 Operating Income is ฿2,057 Mil as of Mar. 2026. GuruFocus rates BKK:LRH with a GF Score™ of 12/100 and a GF Value™ of ฿54.42. The stock has 5 warning signs investors should review.

Laguna Resorts & Hotels PCL's Operating Income for the three months ended in Mar. 2026 was ฿701 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿2,057 Mil.

Warning Sign:

Laguna Resorts & Hotels PCL has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Laguna Resorts & Hotels PCL's Operating Income for the three months ended in Mar. 2026 was ฿701 Mil. Laguna Resorts & Hotels PCL's Revenue for the three months ended in Mar. 2026 was ฿2,469 Mil. Therefore, Laguna Resorts & Hotels PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 28.38%.

Laguna Resorts & Hotels PCL'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. Laguna Resorts & Hotels PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 6.48%. Laguna Resorts & Hotels PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.23%.


Laguna Resorts & Hotels PCL  (BKK:LRH) Operating Income Explanation

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

Laguna Resorts & Hotels PCL'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2803.544 * ( 1 - 25.11% )/( (32077.944 + 32713.084)/ 2 )
=2099.5741016/32395.514
=6.48 %

where

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))
=35866.789 - 2331.16 - ( 1457.685 - max(0, 8135.84 - 10857.366+1457.685))
=32077.944

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))
=36335.123 - 2029.877 - ( 1592.162 - max(0, 7966.181 - 11180.452+1592.162))
=32713.084

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

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

Laguna Resorts & Hotels PCL'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2780.728/( ( (19381.163 + max(1672.604, 0)) + (19415.299 + max(1560.508, 0)) )/ 2 )
=2780.728/( ( 21053.767 + 20975.807 )/ 2 )
=2780.728/21014.787
=13.23 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1101.62 + 7021.033 + 161.596) - (2331.16 + 4183.846 + 96.639000000001)
=1672.604

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1068.557 + 7075.254 + 253.84) - (2029.877 + 4207.753 + 599.513)
=1560.508

When net working capital is negative, 0 is used.

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

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

Laguna Resorts & Hotels PCL'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 )
=700.886/2469.358
=28.38 %

* 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.


Laguna Resorts & Hotels PCL Operating Income Related Terms


Laguna Resorts & Hotels PCL Operating Income Historical Data

* Premium members only.

The historical data trend for Laguna Resorts & Hotels PCL'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.

Laguna Resorts & Hotels PCL Operating Income Chart

Laguna Resorts & Hotels PCL 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 -834.83 75.39 600.27 862.63 2,080.88

Laguna Resorts & Hotels PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 724.85 -108.65 -322.08 1,786.77 700.89
BKK:LRH
12GF Score
Laguna Resorts & Hotels PCL BKK:LRH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Laguna Resorts & Hotels PCL 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 quarterly data reported by the company within the most recent 12 months, which was ฿2,057 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 ฿2,057 Mil mean?
Laguna Resorts & Hotels PCL (BKK:LRH) has a Operating Income of ฿2,057 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Laguna Resorts & Hotels PCL and its competitors.
Is Laguna Resorts & Hotels PCL's Operating Income too high?
Laguna Resorts & Hotels PCL's current Operating Income is ฿2,057 Mil. Overall, Laguna Resorts & Hotels PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Laguna Resorts & Hotels PCL's Operating Income compare to MAR and HLT?
Laguna Resorts & Hotels PCL's Operating Income of ฿2,057 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 Laguna Resorts & Hotels PCL and its competitors. Laguna Resorts & Hotels PCL's current Operating Income is ฿2,057 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laguna Resorts & Hotels PCL stock overvalued right now?
Laguna Resorts & Hotels PCL (BKK:LRH) has a current Operating Income of ฿2,057 Mil. The stock's GF Value™ is ฿54.42, compared to a current price of ฿33.75 — trading 38% below its estimated fair value. The current Operating Income is ฿2,057 Mil. Laguna Resorts & Hotels PCL's overall GF Score™ is 12/100 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 Laguna Resorts & Hotels PCL (BKK:LRH), the current Operating Income is ฿2,057 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 Laguna Resorts & Hotels PCL (BKK:LRH) Overvalued in 2026?

Based on GuruFocus' analysis, Laguna Resorts & Hotels PCL stock appears to be undervalued. The current stock price of ฿33.75 is trading 38% below its estimated GF Value™ of ฿54.42.

Key valuation signals for BKK:LRH:

  • Operating Income: ฿2,057 Mil
  • GF Value™: ฿54.42 vs. price of ฿33.75 (38% below fair value)
  • GF Score™: 12/100 with 5 warning signs

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


Laguna Resorts & Hotels PCL Business Description

Address South Sathorn Road, No. 21/9, 21/31, and 21/33, Thai Wah Tower 1, 5th and 12th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120
Laguna Resorts & Hotels PCL is principally engaged in the hotel business and property development. The group operates four hotels in Phuket, namely Angsana Laguna Phuket, Banyan Tree Phuket, Cassia Phuket and Homm Suites Laguna, and also operates Banyan Tree Bangkok in Bangkok. It also operates golf clubs, merchandise sales, office and shop rentals, and holiday club memberships. The group operates through four reportable segments: Hotel Business, which includes hotel and restaurant operations and related businesses such as golf clubs and merchandise sales; Property Development, which generates maximum revenue and includes property sales and holiday club membership sales; Office Rental, which relates to rental and services from land and buildings managed for lease; and Head Office.
12GF Score

Get the complete analysis for BKK:LRH

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

฿33.75
Price
฿54.42
GF Value