MBB SE (CHIX:MBBD) Operating Income: €142 Mil (TTM As of Mar. 2026)


CHIX:MBBD MBB SE CHIX:MBBD
93 GF Score
Price €175.20
GF Value €140.49
! 1 Warning Sign
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What is MBB SE Operating Income?

MBB SE CHIX:MBBD 93 Operating Income is €142 Mil as of Mar. 2026. GuruFocus rates CHIX:MBBD with a GF Score™ of 93/100 and a GF Value™ of €140.49. The stock has 1 warning sign investors should review.

MBB SE's Operating Income for the three months ended in Mar. 2026 was €23 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €142 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MBB SE's Operating Income for the three months ended in Mar. 2026 was €23 Mil. MBB SE's Revenue for the three months ended in Mar. 2026 was €237 Mil. Therefore, MBB SE's Operating Margin % for the quarter that ended in Mar. 2026 was 9.81%.

Good Sign:

MBB SE operating margin is expanding. Margin expansion is usually a good sign.

MBB SE's 5-Year average Growth Rate for Operating Margin % was 45.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MBB SE's annualized ROC % for the quarter that ended in Mar. 2026 was 8.55%. MBB SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 41.24%.


MBB SE  (CHIX:MBBd) Operating Income Explanation

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

MBB SE'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 )
=93.224 * ( 1 - 32.55% )/( (726.864 + 743.365)/ 2 )
=62.879588/735.1145
=8.55 %

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))
=1420.713 - 121.214 - ( 671.002 - max(0, 324.185 - 896.82+671.002))
=726.864

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))
=1464.244 - 69.346 - ( 700.884 - max(0, 299.863 - 951.396+700.884))
=743.365

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

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

MBB SE'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 )
=110.836/( ( (263.129 + max(-167.752, 0)) + (274.408 + max(-128.869, 0)) )/ 2 )
=110.836/( ( 263.129 + 274.408 )/ 2 )
=110.836/268.7685
=41.24 %

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)
=(65.087 + 41.469 + 29.538) - (121.214 + 0 + 182.632)
=-167.752

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(69.096 + 45.388 + 34.597) - (69.346 + 0 + 208.604)
=-128.869

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 %:

MBB SE'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 )
=23.306/237.491
=9.81 %

* 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.


MBB SE Operating Income Related Terms


MBB SE Operating Income Historical Data

* Premium members only.

The historical data trend for MBB SE'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.

MBB SE Operating Income Chart

MBB SE 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 6.21 25.46 13.76 82.86 135.11

MBB SE 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 16.35 30.10 47.99 40.67 23.31
CHIX:MBBD
93GF Score
MBB SE CHIX:MBBD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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MBB SE 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 €142 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 €142 Mil mean?
MBB SE (CHIX:MBBD) has a Operating Income of €142 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MBB SE and its competitors.
Is MBB SE's Operating Income too high?
MBB SE's current Operating Income is €142 Mil. Overall, MBB SE has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does MBB SE's Operating Income compare to HON and MMM?
MBB SE's Operating Income of €142 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 MBB SE and its competitors. MBB SE's current Operating Income is €142 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MBB SE stock overvalued right now?
MBB SE (CHIX:MBBD) has a current Operating Income of €142 Mil. The stock's GF Value™ is €140.49, compared to a current price of €175.20 — trading 24.7% above its estimated fair value. The current Operating Income is €142 Mil. MBB SE's overall GF Score™ is 93/100 with 1 warning sign 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 MBB SE (CHIX:MBBD), the current Operating Income is €142 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 MBB SE (CHIX:MBBD) Overvalued in 2026?

Based on GuruFocus' analysis, MBB SE stock appears to be overvalued. The current stock price of €175.20 is trading 24.7% above its estimated GF Value™ of €140.49.

Key valuation signals for CHIX:MBBD:

  • Operating Income: €142 Mil
  • GF Value™: €140.49 vs. price of €175.20 (24.7% above fair value)
  • GF Score™: 93/100 with 1 warning sign

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


MBB SE Business Description

Other Exchanges 0J7X:UKMBB:Germany
Address Kurfurstendamm 188, Berlin, BB, DEU, 10707
MBB SE is a medium-sized, family-owned company specializing in the acquisition and management of medium-sized industrial companies with considerable technology and engineering expertise. It concentrates on energy transition, e-mobility, cybersecurity, and ecological materials through its subsidiaries. The MBB Group comprises the following reportable segments: Friedrich Vorwerk, Aumann, DTS, Delignit. Aumann AG: Specialized in e-mobility and automation, Friedrich Vorwerk: Focused on energy infrastructure, including gas, power grids, and hydrogen. DTS IT AG: Provides cybersecurity and cloud computing services. Delignit AG: Produces ecological hardwood-based materials and Hanke Tissue: Produces consumer goods like mattresses and tissue paper.
93GF Score

Get the complete analysis for CHIX:MBBD

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

€175.20
Price
€140.49
GF Value