Endeavour Group (FRA:6BH) Operating Income: €-136 Mil (TTM As of Jun. 2026)

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FRA:6BH Endeavour Group Ltd FRA:6BH
69 GF Score
Price €1.91
GF Value €2.45
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Endeavour Group Operating Income?

Endeavour Group FRA:6BH +0.53% 69 Operating Income is €-136 Mil as of Jun. 2026. GuruFocus rates FRA:6BH with a GF Score™ of 69/100 and a GF Value™ of €2.45 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Endeavour Group's Operating Income for the six months ended in Jun. 2026 was €-229 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €-136 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Endeavour Group's Operating Income for the six months ended in Jun. 2026 was €-229 Mil. Endeavour Group's Revenue for the six months ended in Jun. 2026 was €3,373 Mil. Therefore, Endeavour Group's Operating Margin % for the quarter that ended in Jun. 2026 was -6.80%.

Endeavour Group'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. Endeavour Group's annualized ROC % for the quarter that ended in Jun. 2026 was -7.42%. Endeavour Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -5.32%.


Endeavour Group  (FRA:6BH) Operating Income Explanation

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

Endeavour Group's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-458.704 * ( 1 - 0% )/( (5928.065 + 6432.837)/ 2 )
=-458.704/6180.451
=-7.42 %

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))
=6778.093 - 1099.135 - ( 195.767 - max(0, 1474.214 - 1225.107+195.767))
=5928.065

Invested Capital(Q: Jun. 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))
=7158.103 - 935.708 - ( 201.293 - max(0, 1522.507 - 1312.065+201.293))
=6432.837

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

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

Endeavour Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-165.914/( ( (3054.54 + max(-251.944, 0)) + (3183.48 + max(-53.067, 0)) )/ 2 )
=-165.914/( ( 3054.54 + 3183.48 )/ 2 )
=-165.914/3119.01
=-5.32 %

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)
=(109.516 + 892.586 + 27.238) - (1099.135 + 32.344 + 149.805)
=-251.944

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.989 + 980.236 + 72.588) - (935.708 + 33.549 + 172.623)
=-53.067

When net working capital is negative, 0 is used.

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

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

Endeavour Group's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-229.352/3373.183
=-6.80 %

* 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.


Endeavour Group Operating Income Related Terms


Endeavour Group Operating Income Historical Data

* Premium members only.

The historical data trend for Endeavour Group'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.

Endeavour Group Operating Income Chart

Endeavour Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Operating Income
Get a 7-Day Free Trial 238.66 251.50 249.21 111.76 -129.32

Endeavour Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.33 153.62 -31.61 93.06 -229.35
FRA:6BH
69GF Score
Endeavour Group Ltd FRA:6BH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Endeavour Group 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-136 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 €-136 Mil mean?
Endeavour Group (FRA:6BH) has a Operating Income of €-136 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Endeavour Group and its competitors.
Is Endeavour Group's Operating Income too high?
Endeavour Group's current Operating Income is €-136 Mil. Overall, Endeavour Group has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Endeavour Group's Operating Income compare to BF.B?
Endeavour Group's Operating Income of €-136 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Operating Income depends on the Beverages - Alcoholic 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 Endeavour Group and its competitors. Endeavour Group's current Operating Income is €-136 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endeavour Group stock overvalued right now?
Based on GuruFocus' analysis, Endeavour Group (FRA:6BH) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.45, compared to a current price of €1.91 — trading 22% below its estimated fair value. The current Operating Income is €-136 Mil. Endeavour Group's overall GF Score™ is 69/100 with 5 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 Endeavour Group (FRA:6BH), the current Operating Income is €-136 Mil as of Jun. 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 Endeavour Group (FRA:6BH) Overvalued in 2026?

Based on GuruFocus' analysis, Endeavour Group stock appears to be undervalued. The current stock price of €1.91 is trading 22% below its estimated GF Value™ of €2.45. GuruFocus considers Endeavour Group to be Modestly Undervalued.

Key valuation signals for FRA:6BH:

  • Operating Income: €-136 Mil
  • GF Value™: €2.45 vs. price of €1.91 (22% below fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the FRA:6BH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Endeavour Group Business Description

Other Exchanges EDVGF:USAEDV:Australia
Address 26 Waterloo Street, Surry Hills, NSW, AUS, 2010
An investment in wide-moat-rated Endeavour Group provides investors with exposure to one of the most well-entrenched dividend-paying businesses in the Australian retail landscape. Following decades of enduring organic growth through store rollouts, Endeavour's off-premises retail segment—with more than 1,700 retail outlets mainly across its Dan Murphy's and BWS brands—accounts for approximately half of all off-premises retail liquor sales within Australia. Endeavour's immense scale in the off-premises retail segment is unrivaled within Australia. Indeed, Endeavour's sales are almost three times larger than its nearest retail competitor, Coles.
69GF Score

Get the complete analysis for FRA:6BH

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

€1.91
Price
€2.45
GF Value