Micro Systemation AB (FRA:W98) Operating Income: €8.36 Mil (TTM As of Jun. 2026)

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FRA:W98 Micro Systemation AB FRA:W98
71 GF Score
Price €7.62
GF Value €6.35
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Micro Systemation AB Operating Income?

Micro Systemation AB FRA:W98 -0.26% 71 Operating Income is €8.36 Mil as of Jun. 2026. GuruFocus rates FRA:W98 with a GF Score™ of 71/100 and a GF Value™ of €6.35 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Micro Systemation AB's Operating Income for the three months ended in Jun. 2026 was €1.15 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €8.36 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Micro Systemation AB's Operating Income for the three months ended in Jun. 2026 was €1.15 Mil. Micro Systemation AB's Revenue for the three months ended in Jun. 2026 was €11.17 Mil. Therefore, Micro Systemation AB's Operating Margin % for the quarter that ended in Jun. 2026 was 10.28%.

Good Sign:

Micro Systemation AB operating margin is expanding. Margin expansion is usually a good sign.

Micro Systemation AB's 5-Year average Growth Rate for Operating Margin % was 7.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Micro Systemation AB's annualized ROC % for the quarter that ended in Jun. 2026 was 15.06%. Micro Systemation AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 58.07%.


Micro Systemation AB  (FRA:W98) Operating Income Explanation

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

Micro Systemation AB'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: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=4.596 * ( 1 - 21.64% )/( (24.333 + 23.48)/ 2 )
=3.6014256/23.9065
=15.06 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

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

Micro Systemation AB'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: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4.888/( ( (8.606 + max(-3.787, 0)) + (8.228 + max(-4.196, 0)) )/ 2 )
=4.888/( ( 8.606 + 8.228 )/ 2 )
=4.888/8.417
=58.07 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.374 + 0.371 + 1.347) - (1.55 + 0 + 12.329)
=-3.787

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.841 + 0.365 + 1.214) - (0.602 + 0 + 12.014)
=-4.196

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Micro Systemation AB'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 )
=1.149/11.174
=10.28 %

* 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.


Micro Systemation AB Operating Income Related Terms


Micro Systemation AB Operating Income Historical Data

* Premium members only.

The historical data trend for Micro Systemation AB'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.

Micro Systemation AB Operating Income Chart

Micro Systemation AB 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 4.32 1.71 3.65 4.03 6.23

Micro Systemation AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -1.58 4.15 3.73 -0.68 1.15
FRA:W98
71GF Score
Micro Systemation AB FRA:W98
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Micro Systemation AB 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 quarterly data reported by the company within the most recent 12 months, which was €8.36 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 €8.36 Mil mean?
Micro Systemation AB (FRA:W98) has a Operating Income of €8.36 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Micro Systemation AB and its competitors.
Is Micro Systemation AB's Operating Income too high?
Micro Systemation AB's current Operating Income is €8.36 Mil. Overall, Micro Systemation AB has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micro Systemation AB's Operating Income compare to QH and SHOP?
Micro Systemation AB's Operating Income of €8.36 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 Micro Systemation AB and its competitors. Micro Systemation AB's current Operating Income is €8.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Systemation AB stock overvalued right now?
Based on GuruFocus' analysis, Micro Systemation AB (FRA:W98) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.35, compared to a current price of €7.62 — trading 20% above its estimated fair value. The current Operating Income is €8.36 Mil. Micro Systemation AB's overall GF Score™ is 71/100 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 Micro Systemation AB (FRA:W98), the current Operating Income is €8.36 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 Micro Systemation AB (FRA:W98) Overvalued in 2026?

Based on GuruFocus' analysis, Micro Systemation AB stock appears to be overvalued. The current stock price of €7.62 is trading 20% above its estimated GF Value™ of €6.35. GuruFocus considers Micro Systemation AB to be Modestly Overvalued.

Key valuation signals for FRA:W98:

  • Operating Income: €8.36 Mil
  • GF Value™: €6.35 vs. price of €7.62 (20% above fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the FRA:W98 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Micro Systemation AB Business Description

Other Exchanges MSAB B:Sweden0FBM:UK
Address Sveavagen 56E, Stockholm, SWE, 117 34
Micro Systemation AB is engaged in product development, production, and sales of solutions within the area of mobile digital forensics. It provides software products to extract, analyse, and present data from digital devices, predominantly mobile phones. The Group has three main product families: XRY, XAMN, and XEC. The products are used mainly by police, military, and intelligence agencies and are effective tools for securing evidence. The majority of the Group's sales are generated in the European market, with the United Kingdom being a substantial contributor; the rest comes from North America and other regions.
71GF Score

Get the complete analysis for FRA:W98

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

€7.62
Price
€6.35
GF Value