Pulsar Group (LSE:PULS) Operating Income: £2.46 Mil (TTM As of May. 2026)

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LSE:PULS Pulsar Group PLC LSE:PULS
33 GF Score
Price £0.36
GF Value £0.50
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Pulsar Group Operating Income?

Pulsar Group LSE:PULS 33 Operating Income is £2.46 Mil as of May. 2026. GuruFocus rates LSE:PULS with a GF Score™ of 33/100 and a GF Value™ of £0.50 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Pulsar Group's Operating Income for the six months ended in May. 2026 was £0.03 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was £2.46 Mil.

Warning Sign:

Pulsar Group PLC 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. Pulsar Group's Operating Income for the six months ended in May. 2026 was £0.03 Mil. Pulsar Group's Revenue for the six months ended in May. 2026 was £32.98 Mil. Therefore, Pulsar Group's Operating Margin % for the quarter that ended in May. 2026 was 0.09%.

Pulsar Group'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. Pulsar Group's annualized ROC % for the quarter that ended in May. 2026 was 0.05%. Pulsar Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was -226.28%.


Pulsar Group  (LSE:PULS) Operating Income Explanation

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

Pulsar Group's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: May. 2026 ))/ count )
=0.062 * ( 1 - 21.4% )/( (106.41 + 105.595)/ 2 )
=0.048732/106.0025
=0.05 %

where

Note: The Operating Income data used here is two times the semi-annual (May. 2026) data.

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

Pulsar Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.08/( ( (2.495 + max(-28.671, 0)) + (1.995 + max(-29.485, 0)) )/ 2 )
=-5.08/( ( 2.495 + 1.995 )/ 2 )
=-5.08/2.245
=-226.28 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.314 + 0 + 4.59) - (13.907 + 0 + 24.668)
=-28.671

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.738 + 0 + 0.129) - (16.63 + 0 + 26.722)
=-29.485

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (May. 2026) EBIT data.

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

Pulsar Group's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=0.031/32.984
=0.09 %

* 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.


Pulsar Group Operating Income Related Terms


Pulsar Group Operating Income Historical Data

* Premium members only.

The historical data trend for Pulsar Group'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.

Pulsar Group Operating Income Chart

Pulsar Group Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.14 -5.74 -1.41 1.13 1.64

Pulsar Group Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 -0.59 1.72 -0.79 2.43 0.03
LSE:PULS
33GF Score
Pulsar Group PLC LSE:PULS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pulsar Group 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 May. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £2.46 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 £2.46 Mil mean?
Pulsar Group (LSE:PULS) has a Operating Income of £2.46 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pulsar Group and its competitors.
Is Pulsar Group's Operating Income too high?
Pulsar Group's current Operating Income is £2.46 Mil. Overall, Pulsar Group has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pulsar Group's Operating Income compare to UBER and SHOP?
Pulsar Group's Operating Income of £2.46 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Pulsar Group and its competitors. Pulsar Group's current Operating Income is £2.46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulsar Group stock overvalued right now?
Based on GuruFocus' analysis, Pulsar Group (LSE:PULS) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.50, compared to a current price of £0.36 — trading 29% below its estimated fair value. The current Operating Income is £2.46 Mil. Pulsar Group's overall GF Score™ is 33/100 with 6 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 Pulsar Group (LSE:PULS), the current Operating Income is £2.46 Mil as of May. 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 Pulsar Group (LSE:PULS) Overvalued in 2026?

Based on GuruFocus' analysis, Pulsar Group stock appears to be undervalued. The current stock price of £0.36 is trading 29% below its estimated GF Value™ of £0.50. GuruFocus considers Pulsar Group to be Modestly Undervalued.

Key valuation signals for LSE:PULS:

  • Operating Income: £2.46 Mil
  • GF Value™: £0.50 vs. price of £0.36 (29% below fair value)
  • GF Score™: 33/100 with 6 warning signs

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


Pulsar Group Business Description

Address 10 Northburgh Street, Northburgh House, London, GBR, EC1V 0AT
Pulsar Group PLC is a technology-led company delivering SaaS products that address the fundamental business needs of customers in the marketing, communications, and media industries. Its portfolio includes Isentia, which is the market's dominant media monitoring, intelligence, and insights solution provider; Pulsar, the audience intelligence and social listening platform; Vuelio, which provides monitoring, insight, engagement, and evaluation tools for politics, editorial, and social media in one place; and ResponseSource, the network that connects journalists and influencers to the PR and communications industry. Geographically, the company operates in the United Kingdom, North America, Europe excluding the UK, Australia and New Zealand, Asia, and the rest of the world.
33GF Score

Get the complete analysis for LSE:PULS

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

£0.36
Price
£0.50
GF Value