LEOPF (Leo Palace21) Operating Income: $239 Mil (TTM As of Mar. 2026)


LEOPF Leo Palace21 Corp LEOPF
69 GF Score
Price $4.18
GF Value $3.46
! 1 Warning Sign
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What is Leo Palace21 Operating Income?

Leo Palace21 LEOPF 69 Operating Income is $239 Mil as of Mar. 2026. GuruFocus rates LEOPF with a GF Score™ of 69/100 and a GF Value™ of $3.46. The stock has 1 warning sign investors should review.

Leo Palace21's Operating Income for the three months ended in Mar. 2026 was $46 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $239 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Leo Palace21's Operating Income for the three months ended in Mar. 2026 was $46 Mil. Leo Palace21's Revenue for the three months ended in Mar. 2026 was $706 Mil. Therefore, Leo Palace21's Operating Margin % for the quarter that ended in Mar. 2026 was 6.54%.

Leo Palace21'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. Leo Palace21's annualized ROC % for the quarter that ended in Mar. 2026 was 12.84%. Leo Palace21's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 50.66%.

Leo Palace21  (OTCPK:LEOPF) Operating Income Explanation

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

Leo Palace21'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 )
=184.696 * ( 1 - 27.02% )/( (1159.722 + 939.951)/ 2 )
=134.7911408/1049.8365
=12.84 %

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))
=1052.798 - 93.743 - ( 298.336 - max(0, 591.111 - 390.444+298.336))
=1159.722

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))
=1112.749 - 128.596 - ( 364.93 - max(0, 426.385 - 470.587+364.93))
=939.951

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

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

Leo Palace21'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 )
=182.78/( ( (359.112 + max(-303.576, 0)) + (362.554 + max(-324.661, 0)) )/ 2 )
=182.78/( ( 359.112 + 362.554 )/ 2 )
=182.78/360.833
=50.66 %

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)
=(52.541 + 7.748 + 31.819) - (93.743 + 0 + 301.941)
=-303.576

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.748 + 12.635 + 25.327) - (128.596 + 0 + 293.775)
=-324.661

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 %:

Leo Palace21'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 )
=46.174/706.498
=6.54 %

* 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.

Leo Palace21 Operating Income Related Terms

Leo Palace21 Operating Income Historical Data

* Premium members only.

The historical data trend for Leo Palace21'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.

Leo Palace21 Operating Income Chart

Leo Palace21 Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.00 73.95 155.63 196.15 226.69

Leo Palace21 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 25.36 84.49 53.03 55.14 46.17
LEOPF
69GF Score
Leo Palace21 Corp LEOPF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Leo Palace21 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 $239 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 $239 Mil mean?
Leo Palace21 (LEOPF) has a Operating Income of $239 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Leo Palace21 and its competitors.
Is Leo Palace21's Operating Income too high?
Leo Palace21's current Operating Income is $239 Mil. Overall, Leo Palace21 has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Leo Palace21's Operating Income compare to CBRE and BEKE?
Leo Palace21's Operating Income of $239 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 Leo Palace21 and its competitors. Leo Palace21's current Operating Income is $239 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leo Palace21 stock overvalued right now?
Leo Palace21 (LEOPF) has a current Operating Income of $239 Mil. The stock's GF Value™ is $3.46, compared to a current price of $4.18 — trading 20.8% above its estimated fair value. The current Operating Income is $239 Mil. Leo Palace21's overall GF Score™ is 69/100 with 1 warning sign 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 Leo Palace21 (LEOPF), the current Operating Income is $239 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 Leo Palace21 (LEOPF) Overvalued in 2026?

Based on GuruFocus' analysis, Leo Palace21 stock appears to be overvalued. The current stock price of $4.18 is trading 20.8% above its estimated GF Value™ of $3.46.

Key valuation signals for LEOPF:

  • Operating Income: $239 Mil
  • GF Value™: $3.46 vs. price of $4.18 (20.8% above fair value)
  • GF Score™: 69/100 with 1 warning sign

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

Leo Palace21 Business Description

Other Exchanges 8848:Japan
Address 2-54-11 Honcho, Nakano-ku, Tokyo, JPN, 164-8622
Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.
69GF Score

Get the complete analysis for LEOPF

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

$4.18
Price
$3.46
GF Value