Intershop Communications AG (HAM:ISHA) Operating Income: €-1.55 Mil (TTM As of Jun. 2026)

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HAM:ISHA Intershop Communications AG HAM:ISHA
56 GF Score
Price €1.65
GF Value €1.06
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Intershop Communications AG Operating Income?

Intershop Communications AG HAM:ISHA -0.90% 56 Operating Income is €-1.55 Mil as of Jun. 2026. GuruFocus rates HAM:ISHA with a GF Score™ of 56/100 and a GF Value™ of €1.06 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Intershop Communications AG's Operating Income for the three months ended in Jun. 2026 was €0.04 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €-1.55 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Intershop Communications AG's Operating Income for the three months ended in Jun. 2026 was €0.04 Mil. Intershop Communications AG's Revenue for the three months ended in Jun. 2026 was €7.82 Mil. Therefore, Intershop Communications AG's Operating Margin % for the quarter that ended in Jun. 2026 was 0.50%.

Intershop Communications 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. Intershop Communications AG's annualized ROC % for the quarter that ended in Jun. 2026 was 0.48%. Intershop Communications AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.55%.


Intershop Communications AG  (HAM:ISHA) Operating Income Explanation

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

Intershop Communications AG'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 )
=0.156 * ( 1 - 0% )/( (31.407 + 33.3)/ 2 )
=0.156/32.3535
=0.48 %

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:

Intershop Communications AG'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 )
=0.308/( ( (6.795 + max(-9.138, 0)) + (6.73 + max(-11.386, 0)) )/ 2 )
=0.308/( ( 6.795 + 6.73 )/ 2 )
=0.308/6.7625
=4.55 %

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)
=(2.84 + 0 + 0) - (1.885 + 0 + 10.093)
=-9.138

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.428 + 0 + 0) - (1.569 + 0 + 12.245)
=-11.386

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 %:

Intershop Communications AG'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 )
=0.039/7.822
=0.50 %

* 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.


Intershop Communications AG Operating Income Related Terms


Intershop Communications AG Operating Income Historical Data

* Premium members only.

The historical data trend for Intershop Communications 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.

Intershop Communications AG Operating Income Chart

Intershop Communications 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 0.67 -3.03 -2.64 0.02 -2.58

Intershop Communications AG 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 -0.97 -0.49 -1.20 0.10 0.04
HAM:ISHA
56GF Score
Intershop Communications AG HAM:ISHA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Intershop Communications 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.55 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 €-1.55 Mil mean?
Intershop Communications AG (HAM:ISHA) has a Operating Income of €-1.55 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Intershop Communications AG and its competitors.
Is Intershop Communications AG's Operating Income too high?
Intershop Communications AG's current Operating Income is €-1.55 Mil. Overall, Intershop Communications AG has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intershop Communications AG's Operating Income compare to QH and SHOP?
Intershop Communications AG's Operating Income of €-1.55 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 Intershop Communications AG and its competitors. Intershop Communications AG's current Operating Income is €-1.55 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intershop Communications AG stock overvalued right now?
Based on GuruFocus' analysis, Intershop Communications AG (HAM:ISHA) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.06, compared to a current price of €1.65 — trading 55.7% above its estimated fair value. The current Operating Income is €-1.55 Mil. Intershop Communications AG's overall GF Score™ is 56/100 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 Intershop Communications AG (HAM:ISHA), the current Operating Income is €-1.55 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 Intershop Communications AG (HAM:ISHA) Overvalued in 2026?

Based on GuruFocus' analysis, Intershop Communications AG stock appears to be overvalued. The current stock price of €1.65 is trading 55.7% above its estimated GF Value™ of €1.06. GuruFocus considers Intershop Communications AG to be Significantly Overvalued.

Key valuation signals for HAM:ISHA:

  • Operating Income: €-1.55 Mil
  • GF Value™: €1.06 vs. price of €1.65 (55.7% above fair value)
  • GF Score™: 56/100 with 5 warning signs

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


Intershop Communications AG Business Description

Other Exchanges ISHA:Germany
Address Steinweg 10, Jena, DEU, 07743
Intershop Communications AG is an independent supplier of high-performance cloud e-commerce software. The company's Agentic B2B Commerce platform caters to manufacturing, wholesale, and network organization sectors. Intershop's solutions help its clients with digitizing and automating their sales and service processes, optimizing their online presence, creating a consistently positive customer experience, sustainably increasing online revenues, and reducing the costs of the e-commerce unit through AI-supported automation. The company's business activities are divided into two main business segments: Software and Cloud, which generate maximum revenue, and Service. Its geographical operating segments are: Europe, which derives maximum revenue, the USA, and the Asia-Pacific.
56GF Score

Get the complete analysis for HAM:ISHA

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

€1.65
Price
€1.06
GF Value