Net digital AG (FRA:VRL) Operating Income: €3.61 Mil (TTM As of Dec. 2025)

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FRA:VRL Net digital AG FRA:VRL
7 GF Score
Price €14.80
GF Value €12.61
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Net digital AG Operating Income?

Net digital AG FRA:VRL +0.34% 7 Operating Income is €3.61 Mil as of Dec. 2025. GuruFocus rates FRA:VRL with a GF Score™ of 7/100 and a GF Value™ of €12.61 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Net digital AG's Operating Income for the six months ended in Dec. 2025 was €2.61 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €3.61 Mil.

Warning Sign:

Net digital AG had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Net digital AG's Operating Income for the six months ended in Dec. 2025 was €2.61 Mil. Net digital AG's Revenue for the six months ended in Dec. 2025 was €24.62 Mil. Therefore, Net digital AG's Operating Margin % for the quarter that ended in Dec. 2025 was 10.62%.

Net digital AG'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. Net digital AG's annualized ROC % for the quarter that ended in Dec. 2025 was 137.68%. Net digital AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 288.16%.

Net digital AG  (FRA:VRL) Operating Income Explanation

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

Net digital AG'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 )
=5.228 * ( 1 - 8.05% )/( (2.604 + 4.379)/ 2 )
=4.807146/3.4915
=137.68 %

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))
=10.316 - 5.663 - ( 2.049 - max(0, 5.668 - 9.182+2.049))
=2.604

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))
=12.547 - 5.457 - ( 2.711 - max(0, 6.599 - 11.534+2.711))
=4.379

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:

Net digital AG'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 )
=5.194/( ( (0.016 + max(1.392, 0)) + (0.016 + max(2.181, 0)) )/ 2 )
=5.194/( ( 1.408 + 2.197 )/ 2 )
=5.194/1.8025
=288.16 %

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)
=(6.426 + 0 + 0.634) - (5.663 + 0 + 0.0049999999999999)
=1.392

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.988 + 0 + 0.771) - (5.457 + 0 + 1.121)
=2.181

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 %:

Net digital AG'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 )
=2.614/24.615
=10.62 %

* 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.

Net digital AG Operating Income Related Terms

Net digital AG Operating Income Historical Data

* Premium members only.

The historical data trend for Net digital AG'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.

Net digital AG Operating Income Chart

Net digital AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.05 -0.78 -1.20 3.61

Net digital AG Semi-Annual Data
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 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 -0.84 -0.40 -0.80 1.00 2.61
FRA:VRL
7GF Score
Net digital AG FRA:VRL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Net digital AG 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 €3.61 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 €3.61 Mil mean?
Net digital AG (FRA:VRL) has a Operating Income of €3.61 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Net digital AG and its competitors.
Is Net digital AG's Operating Income too high?
Net digital AG's current Operating Income is €3.61 Mil. Overall, Net digital AG has a GF Score™ of 7/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Net digital AG's Operating Income compare to UBER and SHOP?
Net digital AG's Operating Income of €3.61 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Net digital AG and its competitors. Net digital AG's current Operating Income is €3.61 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net digital AG stock overvalued right now?
Based on GuruFocus' analysis, Net digital AG (FRA:VRL) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.61, compared to a current price of €14.80 — trading 17.4% above its estimated fair value. The current Operating Income is €3.61 Mil. Net digital AG's overall GF Score™ is 7/100 with 3 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 Net digital AG (FRA:VRL), the current Operating Income is €3.61 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 Net digital AG (FRA:VRL) Overvalued in 2026?

Based on GuruFocus' analysis, Net digital AG stock appears to be overvalued. The current stock price of €14.80 is trading 17.4% above its estimated GF Value™ of €12.61. GuruFocus considers Net digital AG to be Modestly Overvalued.

Key valuation signals for FRA:VRL:

  • Operating Income: €3.61 Mil
  • GF Value™: €12.61 vs. price of €14.80 (17.4% above fair value)
  • GF Score™: 7/100 with 3 warning signs

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

Net digital AG Business Description

Other Exchanges VRL:Germany
Address Niederkasseler Lohweg 175, Dusseldorf, NW, DEU, 40547
Net digital AG is a group of companies that partners with numerous medium-sized and large companies in the telecommunications, media, and entertainment sectors, as well as public transport companies. The group develops technology platforms for Global and customized digital payment solutions with a focus on digital content distribution. Its services include Global Payment Services, Mobile Payment Services, Content Distribution Services, Artificial Intelligence Solutions, Communication Services, and TV Enabling Services.
7GF Score

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

€14.80
Price
€12.61
GF Value