Pinar Entegre ET ve Unnayi AS (IST:PETUN) Operating Income: ₺909 Mil (TTM As of Mar. 2026)

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IST:PETUN Pinar Entegre ET ve Un Sanayi AS IST:PETUN
73 GF Score
Price ₺11.60
GF Value ₺14.01
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Pinar Entegre ET ve Unnayi AS Operating Income?

Pinar Entegre ET ve Unnayi AS IST:PETUN -2.85% 73 Operating Income is ₺909 Mil as of Mar. 2026. GuruFocus rates IST:PETUN with a GF Score™ of 73/100 and a GF Value™ of ₺14.01 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Pinar Entegre ET ve Unnayi AS's Operating Income for the three months ended in Mar. 2026 was ₺168 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺909 Mil.

Warning Sign:

Pinar Entegre ET ve Un Sanayi 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. Pinar Entegre ET ve Unnayi AS's Operating Income for the three months ended in Mar. 2026 was ₺168 Mil. Pinar Entegre ET ve Unnayi AS's Revenue for the three months ended in Mar. 2026 was ₺2,981 Mil. Therefore, Pinar Entegre ET ve Unnayi AS's Operating Margin % for the quarter that ended in Mar. 2026 was 5.64%.

Pinar Entegre ET ve Unnayi AS's 5-Year average Growth Rate for Operating Margin % was -0.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pinar Entegre ET ve Unnayi AS's annualized ROC % for the quarter that ended in Mar. 2026 was 3.07%. Pinar Entegre ET ve Unnayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.03%.


Pinar Entegre ET ve Unnayi AS  (IST:PETUN) Operating Income Explanation

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

Pinar Entegre ET ve Unnayi AS's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=672.696 * ( 1 - 29.76% )/( (14958.133 + 15854.6)/ 2 )
=472.5016704/15406.3665
=3.07 %

where

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))
=16804.948 - 1690.235 - ( 156.58 - max(0, 4364.056 - 5780.221+156.58))
=14958.133

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))
=18306.262 - 2086.658 - ( 365.004 - max(0, 5011.441 - 6610.373+365.004))
=15854.6

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

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

Pinar Entegre ET ve Unnayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1875.552/( ( (7182.02 + max(1860.546, 0)) + (7846.42 + max(1842.611, 0)) )/ 2 )
=1875.552/( ( 9042.566 + 9689.031 )/ 2 )
=1875.552/9365.7985
=20.03 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1883.361 + 1515.732 + 274.834) - (1690.235 + 0 + 123.146)
=1860.546

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2168.743 + 1667.268 + 144.947) - (2086.658 + 0 + 51.688999999999)
=1842.611

When net working capital is negative, 0 is used.

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

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

Pinar Entegre ET ve Unnayi AS's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=168.174/2980.84
=5.64 %

* 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.


Pinar Entegre ET ve Unnayi AS Operating Income Related Terms


Pinar Entegre ET ve Unnayi AS Operating Income Historical Data

* Premium members only.

The historical data trend for Pinar Entegre ET ve Unnayi 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.

Pinar Entegre ET ve Unnayi AS Operating Income Chart

Pinar Entegre ET ve Unnayi AS 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 92.84 93.86 52.92 948.48 1,063.96

Pinar Entegre ET ve Unnayi AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 331.05 158.93 274.15 307.51 168.17
IST:PETUN
73GF Score
Pinar Entegre ET ve Un Sanayi AS IST:PETUN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pinar Entegre ET ve Unnayi 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺909 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 ₺909 Mil mean?
Pinar Entegre ET ve Unnayi AS (IST:PETUN) has a Operating Income of ₺909 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pinar Entegre ET ve Unnayi AS and its competitors.
Is Pinar Entegre ET ve Unnayi AS's Operating Income too high?
Pinar Entegre ET ve Unnayi AS's current Operating Income is ₺909 Mil. Overall, Pinar Entegre ET ve Unnayi AS has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pinar Entegre ET ve Unnayi AS's Operating Income compare to KHC and GIS?
Pinar Entegre ET ve Unnayi AS's Operating Income of ₺909 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Pinar Entegre ET ve Unnayi AS and its competitors. Pinar Entegre ET ve Unnayi AS's current Operating Income is ₺909 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pinar Entegre ET ve Unnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Pinar Entegre ET ve Unnayi AS (IST:PETUN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺14.01, compared to a current price of ₺11.60 — trading 17.2% below its estimated fair value. The current Operating Income is ₺909 Mil. Pinar Entegre ET ve Unnayi AS's overall GF Score™ is 73/100 with 8 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 Pinar Entegre ET ve Unnayi AS (IST:PETUN), the current Operating Income is ₺909 Mil as of Mar. 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 Pinar Entegre ET ve Unnayi AS (IST:PETUN) Overvalued in 2026?

Based on GuruFocus' analysis, Pinar Entegre ET ve Unnayi AS stock appears to be undervalued. The current stock price of ₺11.60 is trading 17.2% below its estimated GF Value™ of ₺14.01. GuruFocus considers Pinar Entegre ET ve Unnayi AS to be Modestly Undervalued.

Key valuation signals for IST:PETUN:

  • Operating Income: ₺909 Mil
  • GF Value™: ₺14.01 vs. price of ₺11.60 (17.2% below fair value)
  • GF Score™: 73/100 with 8 warning signs

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


Pinar Entegre ET ve Unnayi AS Business Description

Address Ankara Asfaltı 25. Km, Kemalpasa, İzmir, TUR, 35170
Pinar Entegre ET ve Un Sanayi AS is engaged in the production of meat and by-products of cattle, sheep, poultry and fish, frozen dough and packaged food. Its brand profile includes Pinar Kido, Pinar Çocuk, Pinar Doyum, Pinar Breakfast Pleasure, Pinar Pizzatto, Pinar Go, Pinar Classic, Pinar Grill Fun and others. Along with it the company also focuses on education, sports, and art.
73GF Score

Get the complete analysis for IST:PETUN

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

₺11.60
Price
₺14.01
GF Value