Watkin Jones (CHIX:WJGL) Operating Income: £-13.8 Mil (TTM As of Mar. 2026)

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CHIX:WJGL Watkin Jones PLC CHIX:WJGL
39 GF Score
Price £0.18
GF Value £0.25
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Watkin Jones Operating Income?

Watkin Jones CHIX:WJGL 39 Operating Income is £-13.8 Mil as of Mar. 2026. GuruFocus rates CHIX:WJGL with a GF Score™ of 39/100 and a GF Value™ of £0.25 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Watkin Jones's Operating Income for the six months ended in Mar. 2026 was £-4.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was £-13.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Watkin Jones's Operating Income for the six months ended in Mar. 2026 was £-4.5 Mil. Watkin Jones's Revenue for the six months ended in Mar. 2026 was £100.2 Mil. Therefore, Watkin Jones's Operating Margin % for the quarter that ended in Mar. 2026 was -4.48%.

Watkin Jones'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. Watkin Jones's annualized ROC % for the quarter that ended in Mar. 2026 was -5.51%. Watkin Jones's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.66%.


Watkin Jones  (CHIX:WJGl) Operating Income Explanation

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

Watkin Jones'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-8.972 * ( 1 - 0% )/( (176.819 + 149.074)/ 2 )
=-8.972/162.9465
=-5.51 %

where

Invested Capital(Q: Sep. 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))
=312.438 - 55.261 - ( 80.358 - max(0, 117.683 - 242.863+80.358))
=176.819

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))
=289.717 - 73.579 - ( 67.064 - max(0, 103.135 - 218.231+67.064))
=149.074

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Watkin Jones'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.194/( ( (5.413 + max(20.914, 0)) + (5.66 + max(27.037, 0)) )/ 2 )
=0.194/( ( 26.327 + 32.697 )/ 2 )
=0.194/29.512
=0.66 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.674 + 86.851 + 8.849) - (55.261 + 0 + 54.199)
=20.914

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.858 + 91.691 + 2.822) - (73.579 + 0 + 22.755)
=27.037

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Watkin Jones'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 )
=-4.486/100.171
=-4.48 %

* 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.


Watkin Jones Operating Income Related Terms


Watkin Jones Operating Income Historical Data

* Premium members only.

The historical data trend for Watkin Jones'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.

Watkin Jones Operating Income Chart

Watkin Jones Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.26 54.68 0.17 4.31 -8.92

Watkin Jones Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.00 0.30 0.42 -9.35 -4.49
CHIX:WJGL
39GF Score
Watkin Jones PLC CHIX:WJGL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Watkin Jones 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 semi-annually data reported by the company within the most recent 12 months, which was £-13.8 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 £-13.8 Mil mean?
Watkin Jones (CHIX:WJGL) has a Operating Income of £-13.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Watkin Jones and its competitors.
Is Watkin Jones' Operating Income too high?
Watkin Jones' current Operating Income is £-13.8 Mil. Overall, Watkin Jones has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Watkin Jones' Operating Income compare to DHI and PHM?
Watkin Jones' Operating Income of £-13.8 Mil can be compared against companies in the Homebuilding & Construction 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 Homebuilding & Construction company?
A good Operating Income depends on the Homebuilding & Construction 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 Watkin Jones and its competitors. Watkin Jones's current Operating Income is £-13.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watkin Jones stock overvalued right now?
Based on GuruFocus' analysis, Watkin Jones (CHIX:WJGL) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.25, compared to a current price of £0.18 — trading 26.9% below its estimated fair value. The current Operating Income is £-13.8 Mil. Watkin Jones' overall GF Score™ is 39/100 with 4 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 Watkin Jones (CHIX:WJGL), the current Operating Income is £-13.8 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 Watkin Jones (CHIX:WJGL) Overvalued in 2026?

Based on GuruFocus' analysis, Watkin Jones stock appears to be undervalued. The current stock price of £0.18 is trading 26.9% below its estimated GF Value™ of £0.25. GuruFocus considers Watkin Jones to be Modestly Undervalued.

Key valuation signals for CHIX:WJGL:

  • Operating Income: £-13.8 Mil
  • GF Value™: £0.25 vs. price of £0.18 (26.9% below fair value)
  • GF Score™: 39/100 with 4 warning signs

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


Watkin Jones Business Description

Other Exchanges WJG:UK0W0:Germany
Address 12 Soho Square, London, GBR, W1D 3QF
Watkin Jones PLC is engaged in property development and the management of properties for multiple residential occupations. Its service includes site identification and procurement, planning consent, construction delivery, and asset management. The company's operating segments include Student accommodation, Build to Rent, Affordable Homes, Refresh, and Accommodation management. The majority of its revenue is derived from build-to-rent segments.
39GF Score

Get the complete analysis for CHIX:WJGL

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

£0.18
Price
£0.25
GF Value