Proen PCL (BKK:PROEN) Operating Income: ฿-11.0 Mil (TTM As of Mar. 2026)

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BKK:PROEN Proen Corp PCL BKK:PROEN
43 GF Score
Price ฿0.97
GF Value ฿0.82
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Proen PCL Operating Income?

Proen PCL BKK:PROEN -1.02% 43 Operating Income is ฿-11.0 Mil as of Mar. 2026. GuruFocus rates BKK:PROEN with a GF Score™ of 43/100 and a GF Value™ of ฿0.82 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Proen PCL's Operating Income for the three months ended in Mar. 2026 was ฿-4.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿-11.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Proen PCL's Operating Income for the three months ended in Mar. 2026 was ฿-4.5 Mil. Proen PCL's Revenue for the three months ended in Mar. 2026 was ฿82.1 Mil. Therefore, Proen PCL's Operating Margin % for the quarter that ended in Mar. 2026 was -5.43%.

Proen 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. Proen PCL's annualized ROC % for the quarter that ended in Mar. 2026 was -2.35%. Proen PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -23.43%.


Proen PCL  (BKK:PROEN) Operating Income Explanation

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

Proen 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 )
=-17.82 * ( 1 - 3.88% )/( (786.792 + 671.193)/ 2 )
=-17.128584/728.9925
=-2.35 %

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))
=1257.988 - 210.254 - ( 393.336 - max(0, 604.316 - 865.258+393.336))
=786.792

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))
=1153.403 - 225.69 - ( 256.52 - max(0, 419.601 - 722.282+256.52))
=671.193

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

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

Proen 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 )
=-32.808/( ( (137.638 + max(-50.377, 0)) + (142.463 + max(-47.373, 0)) )/ 2 )
=-32.808/( ( 137.638 + 142.463 )/ 2 )
=-32.808/140.0505
=-23.43 %

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)
=(135.205 + 2.382 + 48.757) - (210.254 + 16.144 + 10.323)
=-50.377

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(139.764 + 26.08 + 46.534) - (225.69 + 7.642 + 26.419)
=-47.373

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 %:

Proen 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 )
=-4.455/82.083
=-5.43 %

* 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.


Proen PCL Operating Income Related Terms


Proen PCL Operating Income Historical Data

* Premium members only.

The historical data trend for Proen 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.

Proen PCL Operating Income Chart

Proen PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 48.00 81.26 44.09 -36.82 -12.01

Proen 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 -5.50 -6.93 6.62 -6.20 -4.46
BKK:PROEN
43GF Score
Proen Corp PCL BKK:PROEN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Proen 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 ฿-11.0 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 ฿-11.0 Mil mean?
Proen PCL (BKK:PROEN) has a Operating Income of ฿-11.0 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Proen PCL and its competitors.
Is Proen PCL's Operating Income too high?
Proen PCL's current Operating Income is ฿-11.0 Mil. Overall, Proen PCL has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proen PCL's Operating Income compare to VZ and TMUS?
Proen PCL's Operating Income of ฿-11.0 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Operating Income depends on the Telecommunication Services 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 Proen PCL and its competitors. Proen PCL's current Operating Income is ฿-11.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proen PCL stock overvalued right now?
Based on GuruFocus' analysis, Proen PCL (BKK:PROEN) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.82, compared to a current price of ฿0.97 — trading 18.3% above its estimated fair value. The current Operating Income is ฿-11.0 Mil. Proen PCL's overall GF Score™ is 43/100 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 Proen PCL (BKK:PROEN), the current Operating Income is ฿-11.0 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 Proen PCL (BKK:PROEN) Overvalued in 2026?

Based on GuruFocus' analysis, Proen PCL stock appears to be overvalued. The current stock price of ฿0.97 is trading 18.3% above its estimated GF Value™ of ฿0.82. GuruFocus considers Proen PCL to be Modestly Overvalued.

Key valuation signals for BKK:PROEN:

  • Operating Income: ฿-11.0 Mil
  • GF Value™: ฿0.82 vs. price of ฿0.97 (18.3% above fair value)
  • GF Score™: 43/100 with 3 warning signs

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


Proen PCL Business Description

Address Charoen Krung Road, 72 Telecom Bangrak Building, 4th and 18th Floor, Bangrak Sub-district, Bangrak District, Bangkok, THA, 10500
Proen Corp PCL, along with its subsidiaries, is engaged in the provision of Internet data center services and related supplementary services. Additionally, the company sells equipment associated with information technology systems, offers Internet security services, and undertakes basic telecommunications construction projects. The Group has three segments, which are comprised of the distribution of technological and other equipment, Internet data center and related services, and Construction. It derives maximum revenue from the Internet data center and related services segment, which operates a data center and offers internet data transmission services (bandwidth) in Thailand, supported by round-the-clock customer service. Geographically, the Group operates only in Thailand.
43GF Score

Get the complete analysis for BKK:PROEN

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

฿0.97
Price
฿0.82
GF Value