Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN) Operating Income: ₺3,902 Mil (TTM As of Jun. 2026)

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IST:GESAN Girisim Elektrik Sanayi Taahhut Ve Ticaret AS IST:GESAN
78 GF Score
Price ₺86.05
GF Value ₺56.71
Valuation Significantly Overvalued
! 13 Warning Signs
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What is Girisim Elektriknayi Taahhut Ve Ticaret AS Operating Income?

Girisim Elektriknayi Taahhut Ve Ticaret AS IST:GESAN -0.81% 78 Operating Income is ₺3,902 Mil as of Jun. 2026. GuruFocus rates IST:GESAN with a GF Score™ of 78/100 and a GF Value™ of ₺56.71 (Significantly Overvalued). The stock has 13 warning signs investors should review.

Girisim Elektriknayi Taahhut Ve Ticaret AS's Operating Income for the three months ended in Jun. 2026 was ₺-113 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₺3,902 Mil.

Warning Sign:

Girisim Elektrik Sanayi Taahhut Ve Ticaret AS has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Girisim Elektriknayi Taahhut Ve Ticaret AS's Operating Income for the three months ended in Jun. 2026 was ₺-113 Mil. Girisim Elektriknayi Taahhut Ve Ticaret AS's Revenue for the three months ended in Jun. 2026 was ₺1,608 Mil. Therefore, Girisim Elektriknayi Taahhut Ve Ticaret AS's Operating Margin % for the quarter that ended in Jun. 2026 was -7.04%.

Warning Sign:

Girisim Elektrik Sanayi Taahhut Ve Ticaret AS operating margin has been in a 5-year decline. The average rate of decline per year is -12.1%.

Girisim Elektriknayi Taahhut Ve Ticaret AS's 5-Year average Growth Rate for Operating Margin % was -12.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Girisim Elektriknayi Taahhut Ve Ticaret AS's annualized ROC % for the quarter that ended in Jun. 2026 was -1.14%. Girisim Elektriknayi Taahhut Ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 31.75%.


Girisim Elektriknayi Taahhut Ve Ticaret AS  (IST:GESAN) Operating Income Explanation

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

Girisim Elektriknayi Taahhut Ve Ticaret AS'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 )
=-452.872 * ( 1 - 14.75% )/( (32090.573 + 35582.589)/ 2 )
=-386.07338/33836.581
=-1.14 %

where

Invested Capital(Q: Mar. 2026 )
=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))
=38107.334 - 5500.384 - ( 516.377 - max(0, 11480.172 - 27294.368+516.377))
=32090.573

Invested Capital(Q: Jun. 2026 )
=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))
=44705.331 - 7605.607 - ( 1517.135 - max(0, 15389.292 - 33061.531+1517.135))
=35582.589

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

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

Girisim Elektriknayi Taahhut Ve Ticaret AS'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 )
=4882.76/( ( (9110.177 + max(5151.474, 0)) + (9951.928 + max(6540.814, 0)) )/ 2 )
=4882.76/( ( 14261.651 + 16492.742 )/ 2 )
=4882.76/15377.1965
=31.75 %

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)
=(2711.106 + 8805.408 + 2759.254) - (5500.384 + 0 + 3623.91)
=5151.474

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4699.992 + 10675.676 + 3223.81) - (7605.607 + 0 + 4453.057)
=6540.814

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 %:

Girisim Elektriknayi Taahhut Ve Ticaret AS'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 )
=-113.218/1607.912
=-7.04 %

* 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.


Girisim Elektriknayi Taahhut Ve Ticaret AS Operating Income Related Terms


Girisim Elektriknayi Taahhut Ve Ticaret AS Operating Income Historical Data

* Premium members only.

The historical data trend for Girisim Elektriknayi Taahhut Ve Ticaret AS'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.

Girisim Elektriknayi Taahhut Ve Ticaret AS Operating Income Chart

Girisim Elektriknayi Taahhut Ve Ticaret AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 367.34 1,609.94 4,709.54 5,154.93 3,163.43

Girisim Elektriknayi Taahhut Ve Ticaret AS 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 444.46 1,177.67 911.58 1,925.60 -113.22
IST:GESAN
78GF Score
Girisim Elektrik Sanayi Taahhut Ve Ticaret AS IST:GESAN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Girisim Elektriknayi Taahhut Ve Ticaret AS 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 ₺3,902 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 ₺3,902 Mil mean?
Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN) has a Operating Income of ₺3,902 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Girisim Elektriknayi Taahhut Ve Ticaret AS and its competitors.
Is Girisim Elektriknayi Taahhut Ve Ticaret AS's Operating Income too high?
Girisim Elektriknayi Taahhut Ve Ticaret AS's current Operating Income is ₺3,902 Mil. Overall, Girisim Elektriknayi Taahhut Ve Ticaret AS has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Girisim Elektriknayi Taahhut Ve Ticaret AS's Operating Income compare to PWR and FIX?
Girisim Elektriknayi Taahhut Ve Ticaret AS's Operating Income of ₺3,902 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Girisim Elektriknayi Taahhut Ve Ticaret AS and its competitors. Girisim Elektriknayi Taahhut Ve Ticaret AS's current Operating Income is ₺3,902 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Girisim Elektriknayi Taahhut Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺56.71, compared to a current price of ₺86.05 — trading 51.7% above its estimated fair value. The current Operating Income is ₺3,902 Mil. Girisim Elektriknayi Taahhut Ve Ticaret AS's overall GF Score™ is 78/100 with 13 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 Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN), the current Operating Income is ₺3,902 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 Girisim Elektriknayi Taahhut Ve Ticaret AS (IST:GESAN) Overvalued in 2026?

Based on GuruFocus' analysis, Girisim Elektriknayi Taahhut Ve Ticaret AS stock appears to be overvalued. The current stock price of ₺86.05 is trading 51.7% above its estimated GF Value™ of ₺56.71. GuruFocus considers Girisim Elektriknayi Taahhut Ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:GESAN:

  • Operating Income: ₺3,902 Mil
  • GF Value™: ₺56.71 vs. price of ₺86.05 (51.7% above fair value)
  • GF Score™: 78/100 with 13 warning signs

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


Girisim Elektriknayi Taahhut Ve Ticaret AS Business Description

Address Saray Mah. Atom Cad. No:15, Kahramankazan, Ankara, TUR
Girisim Elektrik Sanayi Taahhut Ve Ticaret AS is an EPC contracting, engineering, sales, and marketing company in the Turkish and regional electricity and energy industry.
78GF Score

Get the complete analysis for IST:GESAN

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

₺86.05
Price
₺56.71
GF Value