BlackRock Greater Europe Investment Trust (LSE:BRGE) Operating Income: £-38.01 Mil (TTM As of Aug. 2025)

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LSE:BRGE BlackRock Greater Europe Investment Trust PLC LSE:BRGE
44 GF Score
Price £5.77
GF Value £23.00
Valuation Significantly Undervalued
! 3 Warning Signs
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What is BlackRock Greater Europe Investment Trust Operating Income?

BlackRock Greater Europe Investment Trust LSE:BRGE -1.37% 44 Operating Income is £-38.01 Mil as of Aug. 2025. GuruFocus rates LSE:BRGE with a GF Score™ of 44/100 and a GF Value™ of £23.00 (Significantly Undervalued). The stock has 3 warning signs investors should review.

BlackRock Greater Europe Investment Trust's Operating Income for the six months ended in Aug. 2025 was £-36.93 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2025 was £-38.01 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BlackRock Greater Europe Investment Trust's Operating Income for the six months ended in Aug. 2025 was £-36.93 Mil. BlackRock Greater Europe Investment Trust's Revenue for the six months ended in Aug. 2025 was £-34.16 Mil. Therefore, BlackRock Greater Europe Investment Trust's Operating Margin % for the quarter that ended in Aug. 2025 was 108.11%.

BlackRock Greater Europe Investment Trust'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. BlackRock Greater Europe Investment Trust's annualized ROC % for the quarter that ended in Aug. 2025 was -11.31%. BlackRock Greater Europe Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2025 was %.


BlackRock Greater Europe Investment Trust  (LSE:BRGE) Operating Income Explanation

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

BlackRock Greater Europe Investment Trust's annualized ROC % for the quarter that ended in Aug. 2025 is calculated as:

ROC % (Q: Aug. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2025 ) + Invested Capital (Q: Aug. 2025 ))/ count )
=-73.864 * ( 1 - 0% )/( (749.637 + 556.044)/ 2 )
=-73.864/652.8405
=-11.31 %

where

Note: The Operating Income data used here is two times the semi-annual (Aug. 2025) data.

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

BlackRock Greater Europe Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2025  Q: Aug. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-76.15/( ( (0 + max(-7.076, 0)) + (0 + max(-2.294, 0)) )/ 2 )
=-76.15/( ( 0 + 0 )/ 2 )
=-76.15/0
= %

where Working Capital is:

Working Capital(Q: Feb. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + ) - (0 + 0 + 7.076)
=-7.076

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + ) - (0 + 0 + 2.294)
=-2.294

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2025) EBIT data.

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

BlackRock Greater Europe Investment Trust's Operating Margin % for the quarter that ended in Aug. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Aug. 2025 )/Revenue (Q: Aug. 2025 )
=-36.932/-34.16
=108.11 %

* 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.


BlackRock Greater Europe Investment Trust Operating Income Related Terms


BlackRock Greater Europe Investment Trust Operating Income Historical Data

* Premium members only.

The historical data trend for BlackRock Greater Europe Investment Trust'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.

BlackRock Greater Europe Investment Trust Operating Income Chart

BlackRock Greater Europe Investment Trust Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 196.27 -201.41 93.19 95.14 -38.01

BlackRock Greater Europe Investment Trust Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25
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 14.06 104.48 -9.34 -1.08 -36.93
LSE:BRGE
44GF Score
BlackRock Greater Europe Investment Trust PLC LSE:BRGE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackRock Greater Europe Investment Trust 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 Aug. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-38.01 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 £-38.01 Mil mean?
BlackRock Greater Europe Investment Trust (LSE:BRGE) has a Operating Income of £-38.01 Mil as of Aug. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BlackRock Greater Europe Investment Trust and its competitors.
Is BlackRock Greater Europe Investment Trust's Operating Income too high?
BlackRock Greater Europe Investment Trust's current Operating Income is £-38.01 Mil. Overall, BlackRock Greater Europe Investment Trust has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackRock Greater Europe Investment Trust's Operating Income compare to BLK and BX?
BlackRock Greater Europe Investment Trust's Operating Income of £-38.01 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Operating Income depends on the Asset Management 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 BlackRock Greater Europe Investment Trust and its competitors. BlackRock Greater Europe Investment Trust's current Operating Income is £-38.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Greater Europe Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, BlackRock Greater Europe Investment Trust (LSE:BRGE) is currently considered Significantly Undervalued. The stock's GF Value™ is £23.00, compared to a current price of £5.77 — trading 74.9% below its estimated fair value. The current Operating Income is £-38.01 Mil. BlackRock Greater Europe Investment Trust's overall GF Score™ is 44/100 with 3 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 BlackRock Greater Europe Investment Trust (LSE:BRGE), the current Operating Income is £-38.01 Mil as of Aug. 2025. 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 BlackRock Greater Europe Investment Trust (LSE:BRGE) Overvalued in 2026?

Based on GuruFocus' analysis, BlackRock Greater Europe Investment Trust stock appears to be undervalued. The current stock price of £5.77 is trading 74.9% below its estimated GF Value™ of £23.00. GuruFocus considers BlackRock Greater Europe Investment Trust to be Significantly Undervalued.

Key valuation signals for LSE:BRGE:

  • Operating Income: £-38.01 Mil
  • GF Value™: £23.00 vs. price of £5.77 (74.9% below fair value)
  • GF Score™: 44/100 with 3 warning signs

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


BlackRock Greater Europe Investment Trust Business Description

Address 12 Throgmorton Avenue, London, GBR, EC2N 2DL
BlackRock Greater Europe Investment Trust PLC is an investment trust. Its primary objective is to achieve capital growth, predominantly through investment in a focused portfolio constructed from a combination of the European securities of large, mid, and small capitalization. It has the flexibility to invest in any country which is included in the FTSE World Europe ex UK Index as well as other developing countries not included in the Index and which are considered as a part of Europe. Its investment policy is to invest in a diverse portfolio of approximately 30-70 securities in larger capitalization companies. The company may also invest a certain part of its portfolio in debt securities, such as convertible bonds and corporate bonds.
44GF Score

Get the complete analysis for LSE:BRGE

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

£5.77
Price
£23.00
GF Value