Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IPAS Indexo's Operating Income for the
three
months ended in Jun. 2026 was €-13.34 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €-27.69 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. IPAS Indexo's Operating Income for the
three
months ended in Jun. 2026 was €-13.34 Mil. IPAS Indexo's Revenue for the
three
months ended in Jun. 2026 was €2.13 Mil. Therefore, IPAS Indexo's Operating Margin % for the quarter that ended in Jun. 2026 was -626.43%.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
IPAS Indexo's annualizedROC % for the quarter that ended in Jun. 2026 was -9.91%.
IPAS Indexo's annualizedROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 141.04%.
* 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.
IPAS Indexo Operating Income Related Terms
IPAS Indexo Operating Income Historical Data
* Premium members only.
The historical data trend for IPAS Indexo'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.
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 quarterly data reported by the company within the most recent 12 months, which was €-27.69 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.
IPAS Indexo (FRA:S9S) has a Operating Income of €-27.69 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on IPAS Indexo and its competitors.
Is IPAS Indexo's Operating Income too high?
IPAS Indexo's current Operating Income is €-27.69 Mil. Overall, IPAS Indexo has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does IPAS Indexo's Operating Income compare to BLK and BX?
IPAS Indexo's Operating Income of €-27.69 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Operating Income depends on the Asset Management 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 IPAS Indexo and its competitors. IPAS Indexo's current Operating Income is €-27.69 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPAS Indexo stock overvalued right now?
IPAS Indexo (FRA:S9S) has a current Operating Income of €-27.69 Mil. The stock's GF Value™ is €11.94, compared to a current price of €9.04 — trading 24.3% below its estimated fair value. The current Operating Income is €-27.69 Mil. IPAS Indexo's overall GF Score™ is 67/100 with 8 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 IPAS Indexo (FRA:S9S), the current Operating Income is €-27.69 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 IPAS Indexo (FRA:S9S) Overvalued in 2026?
Based on GuruFocus' analysis, IPAS Indexo stock appears to be undervalued.
The current stock price of €9.04 is trading 24.3% below its estimated GF Value™ of €11.94.
Key valuation signals for FRA:S9S:
Operating Income: €-27.69 Mil
GF Value™: €11.94 vs. price of €9.04 (24.3% below fair value)
No single metric tells the full story. See the FRA:S9S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPAS Indexo is a licensed investment management company. Along with its subsidiaries, it operates in the following segments: Asset management, Bank development, and Non-bank lending. Maximum revenue is generated from the Asset Management segment, which includes management of the assets of state-funded pension scheme investment plans and private pension scheme investment plans. The Bank development segment represents the income generated from the provision of various banking services (including accepting deposits, granting loans, offering payment solutions, issuing credit cards, etc.) by its banking subsidiary, and the Non-bank lending represents its non-bank lending activities. Geographically, the group's maximum revenue is generated from Latvia, and rest from the European Economic Area.
67GF Score
Get the complete analysis for FRA:S9S
Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:S9S has been successfully added to your 
