Metropole Television (CHIX:MMTP) Operating Income: €162 Mil (TTM As of Dec. 2025)

What is Metropole Television Operating Income?

Metropole Television CHIX:MMTP 63 Operating Income is €162 Mil as of Dec. 2025. GuruFocus rates CHIX:MMTP with a GF Score™ of 63/100 and a GF Value™ of €11.31 (Fairly Valued). The stock has 7 warning signs investors should review.

Metropole Television's Operating Income for the six months ended in Dec. 2025 was €60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €162 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Metropole Television's Operating Income for the six months ended in Dec. 2025 was €60 Mil. Metropole Television's Revenue for the six months ended in Dec. 2025 was €623 Mil. Therefore, Metropole Television's Operating Margin % for the quarter that ended in Dec. 2025 was 9.70%.

Warning Sign:

Metropole Television SA operating margin has been in a 5-year decline. The average rate of decline per year is -9.1%.

Metropole Television's 5-Year average Growth Rate for Operating Margin % was -9.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metropole Television's annualized ROC % for the quarter that ended in Dec. 2025 was 6.90%. Metropole Television's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 30.31%.

Metropole Television (CHIX:MMTp) Operating Income Explanation

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

Metropole Television'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 )
=	120.8 * ( 1 - 22.67% )	/	( (1338.6	+	1368.6)	/ 2 )
=	93.41464	/	1353.6
=	6.90 %

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	))
=	1897.3	-	379.5	-	( 179.2	-	max(0, 472.2	-	971.5	+	179.2	))
=	1338.6

	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	))
=	1985.6	-	400.7	-	( 216.3	-	max(0, 592.1	-	1061.9	+	216.3	))
=	1368.6

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:

Metropole Television'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 )
=	132.2	/	( ( (109.5 + max(324.6, 0))	+	(102.5 + max(335.7, 0)) )	/	2 )
=	132.2	/	( ( 434.1	+	438.2 )	/	2 )
=	132.2	/	436.15
=	30.31 %

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)
=	(272.3	+	223.1	+	291.3)	-	(379.5	+	0	+	82.6)
=	324.6

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(258.9	+	257.8	+	323.3)	-	(400.7	+	0	+	103.6)
=	335.7

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 %:

Metropole Television'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 )
	=	60.4	/	622.9
	=	9.70 %

* 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.

Metropole Television Operating Income Related Terms

Metropole Television Operating Income Historical Data

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The historical data trend for Metropole Television's Operating Income can be seen below:

Metropole Television Operating Income Chart

Metropole Television Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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340.40

323.00

290.90

234.70

161.80

Metropole Television 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															160.90	115.10	119.60	101.40	60.40

63GF Score

Metropole Television SA CHIX:MMTP

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Metropole Television 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 €162 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of €162 Mil mean?

Metropole Television (CHIX:MMTP) has a Operating Income of €162 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Metropole Television and its competitors.

Is Metropole Television's Operating Income too high?

Metropole Television's current Operating Income is €162 Mil. Overall, Metropole Television has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Metropole Television's Operating Income compare to NXST?

Metropole Television's Operating Income of €162 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?

A good Operating Income depends on the Media - Diversified 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 Metropole Television and its competitors. Metropole Television's current Operating Income is €162 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Metropole Television stock overvalued right now?

Based on GuruFocus' analysis, Metropole Television (CHIX:MMTP) is currently considered Fairly Valued. The stock's GF Value™ is €11.31, compared to a current price of €11.64 — trading 2.9% above its estimated fair value. The current Operating Income is €162 Mil. Metropole Television's overall GF Score™ is 63/100 with 7 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 Metropole Television (CHIX:MMTP), the current Operating Income is €162 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 Metropole Television (CHIX:MMTP) Overvalued in 2026?

Based on GuruFocus' analysis, Metropole Television stock appears to be overvalued. The current stock price of €11.64 is trading 2.9% above its estimated GF Value™ of €11.31. GuruFocus considers Metropole Television to be Fairly Valued.

Key valuation signals for CHIX:MMTP:

Operating Income: €162 Mil
GF Value™: €11.31 vs. price of €11.64 (2.9% above fair value)
GF Score™: 63/100 with 7 warning signs

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

Metropole Television Business Description

Industry Communication Services Media - Diversified

Comparable Companies XPAR:TFI XPAR:NRG LUX:SESGL TSE:9401 XTER:RRTL NXST TSE:9412 TSE:9404 LSE:ITV TSE:4676 MIL:MFEB SHSE:600959 BOM:532733 SAU:4072 TSE:9409 ISX:EMTK SHSE:600996 SHSE:600037 SZSE:301551 NSE:ZEEL

Other Exchanges MTPVY:USA 0MGL:UK MMT:France MMT:Germany

Address 89, Avenue Charles-de-Gaulle, Cedex, Neuilly-sur-Seine, FRA, 92200

Website https://www.groupem6.fr

Metropole Television SA is a media holding company that owns several television channels, magazines, publications, and movie production firms. Metropole Television SA's flagship channel is M6, a multimedia television network that displays a wide variety of content and includes dramas, news, comedies, films, and documentaries. Furthermore, Metropole owns production houses and operates digital content publications. It has four reportable segments which includes Television, Radio, Production & Audiovisual Rights and Diversification involves distribution of niche products, other online revenues, Interactions division. The company generates the vast majority of its revenue from France and also from Television segment.

63GF Score

Get the complete analysis for CHIX:MMTP

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

€11.64

Price

€11.31

GF Value

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