Trident Estates (MAL:TRI) Operating Income: €4.10 Mil (TTM As of Jan. 2026)

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MAL:TRI Trident Estates PLC MAL:TRI
100 GF Score
Price €1.10
GF Value €1.63
Valuation Possible Value Trap
! 4 Warning Signs
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What is Trident Estates Operating Income?

Trident Estates MAL:TRI 100 Operating Income is €4.10 Mil as of Jan. 2026. GuruFocus rates MAL:TRI with a GF Score™ of 100/100 and a GF Value™ of €1.63 (Possible Value Trap). The stock has 4 warning signs investors should review.

Trident Estates's Operating Income for the six months ended in Jan. 2026 was €2.30 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was €4.10 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Trident Estates's Operating Income for the six months ended in Jan. 2026 was €2.30 Mil. Trident Estates's Revenue for the six months ended in Jan. 2026 was €3.24 Mil. Therefore, Trident Estates's Operating Margin % for the quarter that ended in Jan. 2026 was 71.11%.

Good Sign:

Trident Estates PLC operating margin is expanding. Margin expansion is usually a good sign.

Trident Estates's 5-Year average Growth Rate for Operating Margin % was 19.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trident Estates's annualized ROC % for the quarter that ended in Jan. 2026 was 3.49%. Trident Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 948.05%.

Trident Estates  (MAL:TRI) Operating Income Explanation

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

Trident Estates's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=4.602 * ( 1 - 15.06% )/( (110.62 + 113.192)/ 2 )
=3.9089388/111.906
=3.49 %

where

Invested Capital(Q: Jul. 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))
=107.149 - 0 - ( 0 - max(0, 7.011 - 3.54+0))
=110.62

Invested Capital(Q: Jan. 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))
=116.85 - 2.154 - ( 5.715 - max(0, 5.669 - 7.173+5.715))
=113.192

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

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

Trident Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17.098/( ( (0 + max(-3.471, 0)) + (3.607 + max(-3.493, 0)) )/ 2 )
=17.098/( ( 0 + 3.607 )/ 2 )
=17.098/1.8035
=948.05 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 3.54) - (0 + 0 + 7.011)
=-3.471

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.394 + 0 + 0.019) - (2.154 + 0 + 1.752)
=-3.493

When net working capital is negative, 0 is used.

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

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

Trident Estates's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=2.301/3.236
=71.11 %

* 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.

Trident Estates Operating Income Related Terms

Trident Estates Operating Income Historical Data

* Premium members only.

The historical data trend for Trident Estates'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.

Trident Estates Operating Income Chart

Trident Estates Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 1.27 2.21 3.71 4.10

Trident Estates Semi-Annual Data
Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 1.32 1.57 2.14 1.80 2.30
MAL:TRI
100GF Score
Trident Estates PLC MAL:TRI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trident Estates 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €4.10 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 €4.10 Mil mean?
Trident Estates (MAL:TRI) has a Operating Income of €4.10 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Trident Estates and its competitors.
Is Trident Estates' Operating Income too high?
Trident Estates' current Operating Income is €4.10 Mil. Overall, Trident Estates has a GF Score™ of 100/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Trident Estates' Operating Income compare to CBRE and BEKE?
Trident Estates' Operating Income of €4.10 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 Trident Estates and its competitors. Trident Estates's current Operating Income is €4.10 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trident Estates stock overvalued right now?
Based on GuruFocus' analysis, Trident Estates (MAL:TRI) is currently considered Possible Value Trap. The stock's GF Value™ is €1.63, compared to a current price of €1.10 — trading 32.5% below its estimated fair value. The current Operating Income is €4.10 Mil. Trident Estates' overall GF Score™ is 100/100 with 4 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 Trident Estates (MAL:TRI), the current Operating Income is €4.10 Mil as of Jan. 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 Trident Estates (MAL:TRI) Overvalued in 2026?

Based on GuruFocus' analysis, Trident Estates stock appears to be undervalued. The current stock price of €1.10 is trading 32.5% below its estimated GF Value™ of €1.63. GuruFocus considers Trident Estates to be Possible Value Trap.

Key valuation signals for MAL:TRI:

  • Operating Income: €4.10 Mil
  • GF Value™: €1.63 vs. price of €1.10 (32.5% below fair value)
  • GF Score™: 100/100 with 4 warning signs

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

Trident Estates Business Description

Address Mdina Road, Zone 2, No.4 - Level 0, Trident Park, Central Business District, Notabile Gardens, Birkirkara, MLT, CBD 2010
Trident Estates PLC is a property investment company that owns and manages properties for rental and investment purposes. Its property portfolio includes Trident House, Paceville Premises (Burger King), South Street, Valletta (Pizza Hut), and other properties. All of the Group's and Company's revenue is generated in Malta and is derived solely from rental income from leased properties.
100GF Score

Get the complete analysis for MAL:TRI

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

€1.10
Price
€1.63
GF Value