Lavvi Empreendimentos Imobiliarios (BSP:LAVV3) Operating Income: R$355 Mil (TTM As of Mar. 2026)

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BSP:LAVV3 Lavvi Empreendimentos Imobiliarios SA BSP:LAVV3
93 GF Score
Price R$10.28
GF Value R$16.97
Valuation Possible Value Trap
! 8 Warning Signs
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What is Lavvi Empreendimentos Imobiliarios Operating Income?

Lavvi Empreendimentos Imobiliarios BSP:LAVV3 -0.48% 93 Operating Income is R$355 Mil as of Mar. 2026. GuruFocus rates BSP:LAVV3 with a GF Score™ of 93/100 and a GF Value™ of R$16.97 (Possible Value Trap). The stock has 8 warning signs investors should review.

Lavvi Empreendimentos Imobiliarios's Operating Income for the three months ended in Mar. 2026 was R$50 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$355 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Lavvi Empreendimentos Imobiliarios's Operating Income for the three months ended in Mar. 2026 was R$50 Mil. Lavvi Empreendimentos Imobiliarios's Revenue for the three months ended in Mar. 2026 was R$373 Mil. Therefore, Lavvi Empreendimentos Imobiliarios's Operating Margin % for the quarter that ended in Mar. 2026 was 13.32%.

Warning Sign:

Lavvi Empreendimentos Imobiliarios SA operating margin has been in a 5-year decline. The average rate of decline per year is -7.5%.

Lavvi Empreendimentos Imobiliarios's 5-Year average Growth Rate for Operating Margin % was -7.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lavvi Empreendimentos Imobiliarios's annualized ROC % for the quarter that ended in Mar. 2026 was 6.08%. Lavvi Empreendimentos Imobiliarios's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.18%.


Lavvi Empreendimentos Imobiliarios  (BSP:LAVV3) Operating Income Explanation

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

Lavvi Empreendimentos Imobiliarios'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 )
=198.716 * ( 1 - 0% )/( (3291.968 + 3247.039)/ 2 )
=198.716/3269.5035
=6.08 %

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))
=4486.572 - 288.442 - ( 906.162 - max(0, 798.789 - 3565.345+906.162))
=3291.968

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))
=4640.113 - 502.5 - ( 890.574 - max(0, 955.599 - 4033.376+890.574))
=3247.039

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

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

Lavvi Empreendimentos Imobiliarios'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 )
=427.156/( ( (29.588 + max(2056.537, 0)) + (46.567 + max(2321.399, 0)) )/ 2 )
=427.156/( ( 2086.125 + 2367.966 )/ 2 )
=427.156/2227.0455
=19.18 %

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)
=(1183.587 + 1405.098 + 62.114999999999) - (288.442 + 0 + 305.821)
=2056.537

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1141.071 + 1953.075 + 41.025) - (502.5 + 0 + 311.272)
=2321.399

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 %:

Lavvi Empreendimentos Imobiliarios'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 )
=49.679/372.958
=13.32 %

* 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.


Lavvi Empreendimentos Imobiliarios Operating Income Related Terms


Lavvi Empreendimentos Imobiliarios Operating Income Historical Data

* Premium members only.

The historical data trend for Lavvi Empreendimentos Imobiliarios'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.

Lavvi Empreendimentos Imobiliarios Operating Income Chart

Lavvi Empreendimentos Imobiliarios 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 170.56 87.95 184.42 331.46 379.67

Lavvi Empreendimentos Imobiliarios 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 74.19 113.07 88.86 103.62 49.68
BSP:LAVV3
93GF Score
Lavvi Empreendimentos Imobiliarios SA BSP:LAVV3
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Lavvi Empreendimentos Imobiliarios 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 R$355 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 R$355 Mil mean?
Lavvi Empreendimentos Imobiliarios (BSP:LAVV3) has a Operating Income of R$355 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Lavvi Empreendimentos Imobiliarios and its competitors.
Is Lavvi Empreendimentos Imobiliarios' Operating Income too high?
Lavvi Empreendimentos Imobiliarios' current Operating Income is R$355 Mil. Overall, Lavvi Empreendimentos Imobiliarios has a GF Score™ of 93/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lavvi Empreendimentos Imobiliarios' Operating Income compare to CBRE and BEKE?
Lavvi Empreendimentos Imobiliarios' Operating Income of R$355 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Lavvi Empreendimentos Imobiliarios and its competitors. Lavvi Empreendimentos Imobiliarios's current Operating Income is R$355 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lavvi Empreendimentos Imobiliarios stock overvalued right now?
Based on GuruFocus' analysis, Lavvi Empreendimentos Imobiliarios (BSP:LAVV3) is currently considered Possible Value Trap. The stock's GF Value™ is R$16.97, compared to a current price of R$10.28 — trading 39.4% below its estimated fair value. The current Operating Income is R$355 Mil. Lavvi Empreendimentos Imobiliarios' overall GF Score™ is 93/100 with 8 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 Lavvi Empreendimentos Imobiliarios (BSP:LAVV3), the current Operating Income is R$355 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 Lavvi Empreendimentos Imobiliarios (BSP:LAVV3) Overvalued in 2026?

Based on GuruFocus' analysis, Lavvi Empreendimentos Imobiliarios stock appears to be undervalued. The current stock price of R$10.28 is trading 39.4% below its estimated GF Value™ of R$16.97. GuruFocus considers Lavvi Empreendimentos Imobiliarios to be Possible Value Trap.

Key valuation signals for BSP:LAVV3:

  • Operating Income: R$355 Mil
  • GF Value™: R$16.97 vs. price of R$10.28 (39.4% below fair value)
  • GF Score™: 93/100 with 8 warning signs

No single metric tells the full story. See the BSP:LAVV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lavvi Empreendimentos Imobiliarios Business Description

Address Avenida Angelica, no 2.346, 8th Floor, Conj. 84, Consolacao, Sao Paulo, SP, BRA, CEP 01228-200
Lavvi Empreendimentos Imobiliarios SA is engaged in purchase and sale of finished properties or the build, residential and commercial, ideal land and fractions, the lease and management of real estate; the construction of real estate; the rental of own or third party properties; the break up or allotment of own land; planning, promotion, development under real estate development, the sale and purchase of housing and / or commercial units; the provision of services in matters relating to the real estate market.
93GF Score

Get the complete analysis for BSP:LAVV3

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

R$10.28
Price
R$16.97
GF Value