Budapest Ingatlan Nyrt (BUD:BIF) Operating Income: Ft7,636 Mil (TTM As of Dec. 2025)

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BUD:BIF Budapest Ingatlan Nyrt BUD:BIF
80 GF Score
Price Ft283.00
GF Value Ft580.66
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Budapest Ingatlan Nyrt Operating Income?

Budapest Ingatlan Nyrt BUD:BIF +1.80% 80 Operating Income is Ft7,636 Mil as of Dec. 2025. GuruFocus rates BUD:BIF with a GF Score™ of 80/100 and a GF Value™ of Ft580.66 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Budapest Ingatlan Nyrt's Operating Income for the six months ended in Dec. 2025 was Ft4,176 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was Ft7,636 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Budapest Ingatlan Nyrt's Operating Income for the six months ended in Dec. 2025 was Ft4,176 Mil. Budapest Ingatlan Nyrt's Revenue for the six months ended in Dec. 2025 was Ft8,219 Mil. Therefore, Budapest Ingatlan Nyrt's Operating Margin % for the quarter that ended in Dec. 2025 was 50.81%.

Good Sign:

Budapest Ingatlan Nyrt operating margin is expanding. Margin expansion is usually a good sign.

Budapest Ingatlan Nyrt's 5-Year average Growth Rate for Operating Margin % was 5.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Budapest Ingatlan Nyrt's annualized ROC % for the quarter that ended in Dec. 2025 was 9.00%. Budapest Ingatlan Nyrt's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 556.76%.


Budapest Ingatlan Nyrt  (BUD:BIF) Operating Income Explanation

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

Budapest Ingatlan Nyrt'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 )
=8351.82 * ( 1 - 0.8% )/( (89883.269 + 94277.961)/ 2 )
=8285.00544/92080.615
=9.00 %

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))
=102225.409 - 2610.501 - ( 12876.542 - max(0, 4908.23 - 14639.869+12876.542))
=89883.269

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))
=110682.02 - 3190.993 - ( 16384.424 - max(0, 5566.174 - 18779.24+16384.424))
=94277.961

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:

Budapest Ingatlan Nyrt'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 )
=16019.606/( ( (2899.727 + max(-2342.421, 0)) + (2854.807 + max(-2213.207, 0)) )/ 2 )
=16019.606/( ( 2899.727 + 2854.807 )/ 2 )
=16019.606/2877.267
=556.76 %

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)
=(241.019 + 74.751 + 749.14) - (2610.501 + 0 + 796.83)
=-2342.421

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(766.142 + 77.073 + 739.166) - (3190.993 + 0 + 604.595)
=-2213.207

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 %:

Budapest Ingatlan Nyrt'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 )
=4175.91/8218.903
=50.81 %

* 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.


Budapest Ingatlan Nyrt Operating Income Related Terms


Budapest Ingatlan Nyrt Operating Income Historical Data

* Premium members only.

The historical data trend for Budapest Ingatlan Nyrt'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.

Budapest Ingatlan Nyrt Operating Income Chart

Budapest Ingatlan Nyrt 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 2,624.43 7,786.73 5,071.76 7,714.11 7,635.96

Budapest Ingatlan Nyrt 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 2,380.65 4,374.47 3,339.64 3,460.05 4,175.91
BUD:BIF
80GF Score
Budapest Ingatlan Nyrt BUD:BIF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Budapest Ingatlan Nyrt 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 Ft7,636 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 Ft7,636 Mil mean?
Budapest Ingatlan Nyrt (BUD:BIF) has a Operating Income of Ft7,636 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Budapest Ingatlan Nyrt and its competitors.
Is Budapest Ingatlan Nyrt's Operating Income too high?
Budapest Ingatlan Nyrt's current Operating Income is Ft7,636 Mil. Overall, Budapest Ingatlan Nyrt has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Budapest Ingatlan Nyrt's Operating Income compare to VICI and WPC?
Budapest Ingatlan Nyrt's Operating Income of Ft7,636 Mil can be compared against companies in the REITs 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 REITs company?
A good Operating Income depends on the REITs 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 Budapest Ingatlan Nyrt and its competitors. Budapest Ingatlan Nyrt's current Operating Income is Ft7,636 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Ingatlan Nyrt stock overvalued right now?
Based on GuruFocus' analysis, Budapest Ingatlan Nyrt (BUD:BIF) is currently considered Significantly Undervalued. The stock's GF Value™ is Ft580.66, compared to a current price of Ft283.00 — trading 51.3% below its estimated fair value. The current Operating Income is Ft7,636 Mil. Budapest Ingatlan Nyrt's overall GF Score™ is 80/100 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 Budapest Ingatlan Nyrt (BUD:BIF), the current Operating Income is Ft7,636 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 Budapest Ingatlan Nyrt (BUD:BIF) Overvalued in 2026?

Based on GuruFocus' analysis, Budapest Ingatlan Nyrt stock appears to be undervalued. The current stock price of Ft283.00 is trading 51.3% below its estimated GF Value™ of Ft580.66. GuruFocus considers Budapest Ingatlan Nyrt to be Significantly Undervalued.

Key valuation signals for BUD:BIF:

  • Operating Income: Ft7,636 Mil
  • GF Value™: Ft580.66 vs. price of Ft283.00 (51.3% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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


Budapest Ingatlan Nyrt Business Description

Industry Real EstateREITs
Address Bajcsy-Zsilinszky ut 57, Budapest, HUN, 1065
Budapest Ingatlan Nyrt operates as a real estate investment trust. The company focuses on developing, managing, and operating a diversified real estate portfolio consisting of office buildings, parking garages, construction lots, residential properties, building plots, and hotels. The company's operating business segments are Income-generating investment properties and the Harsanylejto project. A majority of its revenue is generated from the Income-generating investment properties segment, which relates to investment properties owned, leased, and rented out by the company and its subsidiaries. All of the company's occupied income-generating properties are located in Budapest, Hungary.
80GF Score

Get the complete analysis for BUD:BIF

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

Ft283.00
Price
Ft580.66
GF Value