PT Mega Manunggal Property Tbk (ISX:MMLP) Operating Income: Rp188,462 Mil (TTM As of Mar. 2026)

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ISX:MMLP PT Mega Manunggal Property Tbk ISX:MMLP
63 GF Score
Price Rp306.00
GF Value Rp457.34
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Mega Manunggal Property Tbk Operating Income?

PT Mega Manunggal Property Tbk ISX:MMLP +2.00% 63 Operating Income is Rp188,462 Mil as of Mar. 2026. GuruFocus rates ISX:MMLP with a GF Score™ of 63/100 and a GF Value™ of Rp457.34 (Possible Value Trap). The stock has 5 warning signs investors should review.

PT Mega Manunggal Property Tbk's Operating Income for the three months ended in Mar. 2026 was Rp65,516 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was Rp188,462 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Mega Manunggal Property Tbk's Operating Income for the three months ended in Mar. 2026 was Rp65,516 Mil. PT Mega Manunggal Property Tbk's Revenue for the three months ended in Mar. 2026 was Rp92,839 Mil. Therefore, PT Mega Manunggal Property Tbk's Operating Margin % for the quarter that ended in Mar. 2026 was 70.57%.

Warning Sign:

PT Mega Manunggal Property Tbk operating margin has been in a 5-year decline. The average rate of decline per year is -5.6%.

PT Mega Manunggal Property Tbk's 5-Year average Growth Rate for Operating Margin % was -5.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Mega Manunggal Property Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 3.42%. PT Mega Manunggal Property Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,115.92%.


PT Mega Manunggal Property Tbk  (ISX:MMLP) Operating Income Explanation

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

PT Mega Manunggal Property Tbk'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 )
=262062.56 * ( 1 - 15.5% )/( (6448476.937 + 6492887.604)/ 2 )
=221442.8632/6470682.2705
=3.42 %

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))
=6618882.861 - 19975.939 - ( 150429.985 - max(0, 173481.012 - 346132.11+150429.985))
=6448476.937

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))
=6670329.737 - 22135.22 - ( 186977.102 - max(0, 199052.873 - 354359.786+186977.102))
=6492887.604

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

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

PT Mega Manunggal Property Tbk'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 )
=364172.08/( ( (4876.423 + max(55925.685, 0)) + (4466.22 + max(-1931.604, 0)) )/ 2 )
=364172.08/( ( 60802.108 + 4466.22 )/ 2 )
=364172.08/32634.164
=1,115.92 %

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)
=(74168.707 + 0 + 118633.041) - (19975.939 + 0 + 116900.124)
=55925.685

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30341.129 + 0 + 126210.526) - (22135.22 + 0 + 136348.039)
=-1931.604

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 %:

PT Mega Manunggal Property Tbk'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 )
=65515.64/92839.237
=70.57 %

* 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.


PT Mega Manunggal Property Tbk Operating Income Related Terms


PT Mega Manunggal Property Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Mega Manunggal Property Tbk'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.

PT Mega Manunggal Property Tbk Operating Income Chart

PT Mega Manunggal Property Tbk 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 208,665.05 190,863.24 187,943.85 182,132.61 182,469.68

PT Mega Manunggal Property Tbk 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 59,523.06 59,134.06 32,103.81 31,708.75 65,515.64
ISX:MMLP
63GF Score
PT Mega Manunggal Property Tbk ISX:MMLP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mega Manunggal Property Tbk 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 Rp188,462 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 Rp188,462 Mil mean?
PT Mega Manunggal Property Tbk (ISX:MMLP) has a Operating Income of Rp188,462 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Mega Manunggal Property Tbk and its competitors.
Is PT Mega Manunggal Property Tbk's Operating Income too high?
PT Mega Manunggal Property Tbk's current Operating Income is Rp188,462 Mil. Overall, PT Mega Manunggal Property Tbk has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Mega Manunggal Property Tbk's Operating Income compare to CBRE and BEKE?
PT Mega Manunggal Property Tbk's Operating Income of Rp188,462 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 PT Mega Manunggal Property Tbk and its competitors. PT Mega Manunggal Property Tbk's current Operating Income is Rp188,462 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mega Manunggal Property Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mega Manunggal Property Tbk (ISX:MMLP) is currently considered Possible Value Trap. The stock's GF Value™ is Rp457.34, compared to a current price of Rp306.00 — trading 33.1% below its estimated fair value. The current Operating Income is Rp188,462 Mil. PT Mega Manunggal Property Tbk's overall GF Score™ is 63/100 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 PT Mega Manunggal Property Tbk (ISX:MMLP), the current Operating Income is Rp188,462 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 PT Mega Manunggal Property Tbk (ISX:MMLP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mega Manunggal Property Tbk stock appears to be undervalued. The current stock price of Rp306.00 is trading 33.1% below its estimated GF Value™ of Rp457.34. GuruFocus considers PT Mega Manunggal Property Tbk to be Possible Value Trap.

Key valuation signals for ISX:MMLP:

  • Operating Income: Rp188,462 Mil
  • GF Value™: Rp457.34 vs. price of Rp306.00 (33.1% below fair value)
  • GF Score™: 63/100 with 5 warning signs

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


PT Mega Manunggal Property Tbk Business Description

Address Jalan Cililitan Besar No. 454, Grha Intirub, 2nd Floor, Intirub Business Park, Jakarta Timur, Jakarta, IDN, 13650
PT Mega Manunggal Property Tbk is a warehouse provider that supports industrial property needs in Indonesia by providing well-built office buildings and logistics warehouses in Indonesia. The group operates in one business segment which is warehouse and office space leasing. The company's revenue is derived from the lease of a warehouse, office space, and its supporting facilities.
63GF Score

Get the complete analysis for ISX:MMLP

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

Rp306.00
Price
Rp457.34
GF Value