Merus Power Oyj (FRA:99H) Operating Income: €0.32 Mil (TTM As of Dec. 2025)

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FRA:99H Merus Power Oyj FRA:99H
75 GF Score
Price €4.96
GF Value €9.09
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Merus Power Oyj Operating Income?

Merus Power Oyj FRA:99H +2.27% 75 Operating Income is €0.32 Mil as of Dec. 2025. GuruFocus rates FRA:99H with a GF Score™ of 75/100 and a GF Value™ of €9.09 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Merus Power Oyj's Operating Income for the six months ended in Dec. 2025 was €0.81 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €0.32 Mil.

Warning Sign:

Merus Power Oyj had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Merus Power Oyj's Operating Income for the six months ended in Dec. 2025 was €0.81 Mil. Merus Power Oyj's Revenue for the six months ended in Dec. 2025 was €29.72 Mil. Therefore, Merus Power Oyj's Operating Margin % for the quarter that ended in Dec. 2025 was 2.71%.

Merus Power Oyj'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. Merus Power Oyj's annualized ROC % for the quarter that ended in Dec. 2025 was 8.36%. Merus Power Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 83.55%.


Merus Power Oyj  (FRA:99H) Operating Income Explanation

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

Merus Power Oyj'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 )
=1.61 * ( 1 - 0% )/( (20.475 + 18.055)/ 2 )
=1.61/19.265
=8.36 %

where

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:

Merus Power Oyj'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 )
=1.64/( ( (1.659 + max(-5.609, 0)) + (1.67 + max(0.597, 0)) )/ 2 )
=1.64/( ( 1.659 + 2.267 )/ 2 )
=1.64/1.963
=83.55 %

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)
=(2.351 + 6.908 + 0.164) - (4.511 + 0 + 10.521)
=-5.609

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.961 + 6.873 + 0.099) - (5.741 + 0 + 4.595)
=0.597

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 %:

Merus Power Oyj'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 )
=0.805/29.718
=2.71 %

* 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.


Merus Power Oyj Operating Income Related Terms


Merus Power Oyj Operating Income Historical Data

* Premium members only.

The historical data trend for Merus Power Oyj'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.

Merus Power Oyj Operating Income Chart

Merus Power Oyj Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 0.33 0.11 -0.51 -2.06 0.32

Merus Power Oyj Semi-Annual Data
Dec18 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 0.20 -4.01 1.95 -0.49 0.81
FRA:99H
75GF Score
Merus Power Oyj FRA:99H
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Merus Power Oyj 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 €0.32 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 €0.32 Mil mean?
Merus Power Oyj (FRA:99H) has a Operating Income of €0.32 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Merus Power Oyj and its competitors.
Is Merus Power Oyj's Operating Income too high?
Merus Power Oyj's current Operating Income is €0.32 Mil. Overall, Merus Power Oyj has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merus Power Oyj's Operating Income compare to GEV and ETN?
Merus Power Oyj's Operating Income of €0.32 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Merus Power Oyj and its competitors. Merus Power Oyj's current Operating Income is €0.32 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merus Power Oyj stock overvalued right now?
Based on GuruFocus' analysis, Merus Power Oyj (FRA:99H) is currently considered Significantly Undervalued. The stock's GF Value™ is €9.09, compared to a current price of €4.96 — trading 45.4% below its estimated fair value. The current Operating Income is €0.32 Mil. Merus Power Oyj's overall GF Score™ is 75/100 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 Merus Power Oyj (FRA:99H), the current Operating Income is €0.32 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 Merus Power Oyj (FRA:99H) Overvalued in 2026?

Based on GuruFocus' analysis, Merus Power Oyj stock appears to be undervalued. The current stock price of €4.96 is trading 45.4% below its estimated GF Value™ of €9.09. GuruFocus considers Merus Power Oyj to be Significantly Undervalued.

Key valuation signals for FRA:99H:

  • Operating Income: €0.32 Mil
  • GF Value™: €9.09 vs. price of €4.96 (45.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the FRA:99H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merus Power Oyj Business Description

Other Exchanges MERUS:Finland
Address Pallotie 2, Ylojarvi, FIN, 33470
Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic electricity storage, power quality solutions and services. Its business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise. The Company's business operations have been divided into two technological areas: Energy storage solutions and Energy quality solutions.
75GF Score

Get the complete analysis for FRA:99H

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

€4.96
Price
€9.09
GF Value