GEAHF (Great Eagle Holdings) Operating Income: $322 Mil (TTM As of Dec. 2025)

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GEAHF Great Eagle Holdings Ltd GEAHF
59 GF Score
Price $2.21
GF Value $3.76
Valuation Possible Value Trap
! 4 Warning Signs
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What is Great Eagle Holdings Operating Income?

Great Eagle Holdings GEAHF 59 Operating Income is $322 Mil as of Dec. 2025. GuruFocus rates GEAHF with a GF Score™ of 59/100 and a GF Value™ of $3.76 (Possible Value Trap). The stock has 4 warning signs investors should review.

Great Eagle Holdings's Operating Income for the six months ended in Dec. 2025 was $179 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $322 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Great Eagle Holdings's Operating Income for the six months ended in Dec. 2025 was $179 Mil. Great Eagle Holdings's Revenue for the six months ended in Dec. 2025 was $1,830 Mil. Therefore, Great Eagle Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 9.77%.

Warning Sign:

Great Eagle Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -10%.

Great Eagle Holdings's 5-Year average Growth Rate for Operating Margin % was -10.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great Eagle Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 2.93%. Great Eagle Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -3.48%.


Great Eagle Holdings  (OTCPK:GEAHF) Operating Income Explanation

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

Great Eagle Holdings'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 )
=357.73 * ( 1 - 0% )/( (12696.411 + 11728.033)/ 2 )
=357.73/12212.222
=2.93 %

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))
=13851.608 - 259.37 - ( 895.827 - max(0, 2004.864 - 2908.192+895.827))
=12696.411

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))
=12913.8 - 246.001 - ( 1220.04 - max(0, 1217.989 - 2157.755+1220.04))
=11728.033

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:

Great Eagle Holdings'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 )
=-99.558/( ( (2542.033 + max(521.734, 0)) + (2445.898 + max(218.797, 0)) )/ 2 )
=-99.558/( ( 3063.767 + 2664.695 )/ 2 )
=-99.558/2864.231
=-3.48 %

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)
=(33.755 + 1741.288 + 111.454) - (259.37 + 0 + 1105.393)
=521.734

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.491 + 759.942 + 86.709) - (246.001 + 0 + 417.344)
=218.797

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 %:

Great Eagle Holdings'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 )
=178.865/1829.99
=9.77 %

* 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.


Great Eagle Holdings Operating Income Related Terms


Great Eagle Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Great Eagle Holdings'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.

Great Eagle Holdings Operating Income Chart

Great Eagle Holdings 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 252.08 286.74 417.47 357.85 322.92

Great Eagle Holdings Semi-Annual Data
Jun16 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 Premium Member Only 202.93 169.99 187.07 142.81 178.87
GEAHF
59GF Score
Great Eagle Holdings Ltd GEAHF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Great Eagle Holdings 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 $322 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 $322 Mil mean?
Great Eagle Holdings (GEAHF) has a Operating Income of $322 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Great Eagle Holdings and its competitors.
Is Great Eagle Holdings' Operating Income too high?
Great Eagle Holdings' current Operating Income is $322 Mil. Overall, Great Eagle Holdings has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Great Eagle Holdings' Operating Income compare to competitors?
Great Eagle Holdings' Operating Income of $322 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Great Eagle Holdings and its competitors. Great Eagle Holdings's current Operating Income is $322 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Eagle Holdings stock overvalued right now?
Based on GuruFocus' analysis, Great Eagle Holdings (GEAHF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.76, compared to a current price of $2.21 — trading 41.2% below its estimated fair value. The current Operating Income is $322 Mil. Great Eagle Holdings' overall GF Score™ is 59/100 with 4 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 Great Eagle Holdings (GEAHF), the current Operating Income is $322 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 Great Eagle Holdings (GEAHF) Overvalued in 2026?

Based on GuruFocus' analysis, Great Eagle Holdings stock appears to be undervalued. The current stock price of $2.21 is trading 41.2% below its estimated GF Value™ of $3.76. GuruFocus considers Great Eagle Holdings to be Possible Value Trap.

Key valuation signals for GEAHF:

  • Operating Income: $322 Mil
  • GF Value™: $3.76 vs. price of $2.21 (41.2% below fair value)
  • GF Score™: 59/100 with 4 warning signs

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


Great Eagle Holdings Business Description

Other Exchanges 00041:Hong KongGHK:Germany
Address 23 Harbour Road, 33rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG
Great Eagle Holdings Ltd is an investment holding company engaged in property development and investment, ownership and operation of hotels (including hotels under leases), operation of restaurants and flexible workspace, asset and project management, trading of building materials, securities investment, and provision of property management, property agency, and leasing services. Its segments are: Hotel operation includes hotel accommodation, food and banquet operations, and hotel management, while Property investment includes gross rental income and building management service income from leasing of furnished apartments and properties. Property development generates maximum revenue from the sale of properties held for sale. The company generates a majority of its revenue from Hong Kong.
59GF Score

Get the complete analysis for GEAHF

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

$2.21
Price
$3.76
GF Value