Mitsubishi Electric (MEX:MITSN) Operating Income: MXN52,386 Mil (TTM As of Mar. 2026)


MEX:MITSN Mitsubishi Electric Corp MEX:MITSN
60 GF Score
Price MXN714.27
GF Value MXN343.30
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Mitsubishi Electric Operating Income?

Mitsubishi Electric MEX:MITSN 60 Operating Income is MXN52,386 Mil as of Mar. 2026. GuruFocus rates MEX:MITSN with a GF Score™ of 60/100 and a GF Value™ of MXN343.30 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Mitsubishi Electric's Operating Income for the three months ended in Mar. 2026 was MXN15,721 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN52,386 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mitsubishi Electric's Operating Income for the three months ended in Mar. 2026 was MXN15,721 Mil. Mitsubishi Electric's Revenue for the three months ended in Mar. 2026 was MXN197,590 Mil. Therefore, Mitsubishi Electric's Operating Margin % for the quarter that ended in Mar. 2026 was 7.96%.

Good Sign:

Mitsubishi Electric Corp operating margin is expanding. Margin expansion is usually a good sign.

Mitsubishi Electric's 5-Year average Growth Rate for Operating Margin % was 6.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mitsubishi Electric's annualized ROC % for the quarter that ended in Mar. 2026 was 7.77%. Mitsubishi Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.25%.

Mitsubishi Electric  (MEX:MITSN) Operating Income Explanation

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

Mitsubishi Electric'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 )
=62882.916 * ( 1 - 20.98% )/( (610131.716 + 668813.486)/ 2 )
=49690.0802232/639472.601
=7.77 %

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))
=769117.145 - 70089.828 - ( 88895.601 - max(0, 222066.989 - 441411.557+88895.601))
=610131.716

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))
=836107.57 - 77643.839 - ( 89650.245 - max(0, 259270.085 - 457646.525+89650.245))
=668813.486

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

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

Mitsubishi Electric'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 )
=67245.328/( ( (120177.813 + max(87763.742, 0)) + (122519.475 + max(74043.612, 0)) )/ 2 )
=67245.328/( ( 207941.555 + 196563.087 )/ 2 )
=67245.328/202252.321
=33.25 %

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)
=(110426.568 + 158274.278 + 25171.025) - (70089.828 + 0 + 136018.301)
=87763.742

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147366.517 + 143428.551 + 25194.44) - (77643.839 + 0 + 164302.057)
=74043.612

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 %:

Mitsubishi Electric'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 )
=15720.729/197590.05
=7.96 %

* 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.

Mitsubishi Electric Operating Income Related Terms

Mitsubishi Electric Operating Income Historical Data

* Premium members only.

The historical data trend for Mitsubishi Electric'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.

Mitsubishi Electric Operating Income Chart

Mitsubishi Electric 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 42,323.31 35,378.89 36,392.58 53,781.53 49,216.91

Mitsubishi Electric 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 12,118.52 14,592.28 13,943.85 8,129.04 15,720.73
MEX:MITSN
60GF Score
Mitsubishi Electric Corp MEX:MITSN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitsubishi Electric 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 MXN52,386 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 MXN52,386 Mil mean?
Mitsubishi Electric (MEX:MITSN) has a Operating Income of MXN52,386 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mitsubishi Electric and its competitors.
Is Mitsubishi Electric's Operating Income too high?
Mitsubishi Electric's current Operating Income is MXN52,386 Mil. Overall, Mitsubishi Electric has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Electric's Operating Income compare to VRT and BE?
Mitsubishi Electric's Operating Income of MXN52,386 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Mitsubishi Electric and its competitors. Mitsubishi Electric's current Operating Income is MXN52,386 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Electric stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Electric (MEX:MITSN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN343.30, compared to a current price of MXN714.27 — trading 108.1% above its estimated fair value. The current Operating Income is MXN52,386 Mil. Mitsubishi Electric's overall GF Score™ is 60/100 with 7 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 Mitsubishi Electric (MEX:MITSN), the current Operating Income is MXN52,386 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 Mitsubishi Electric (MEX:MITSN) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Electric stock appears to be overvalued. The current stock price of MXN714.27 is trading 108.1% above its estimated GF Value™ of MXN343.30. GuruFocus considers Mitsubishi Electric to be Significantly Overvalued.

Key valuation signals for MEX:MITSN:

  • Operating Income: MXN52,386 Mil
  • GF Value™: MXN343.30 vs. price of MXN714.27 (108.1% above fair value)
  • GF Score™: 60/100 with 7 warning signs

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

Mitsubishi Electric Business Description

Address 2-7-3 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310
Mitsubishi Electric is a leading Japanese diversified industrial manufacturer, specializing in factory automation systems, power and energy systems, infrastructure solutions, automotive equipment, electronic devices, and home appliances. Founded in 1921 and headquartered in Tokyo, the company operates globally with a strong presence in Asia, Europe, and North America. Known for its technological expertise and high reliability, Mitsubishi Electric plays a vital role in sectors ranging from smart manufacturing and transportation to energy management and defense. The company emphasizes sustainability, innovation, and long-term growth through its focus on electrification, automation, and digitalization.
60GF Score

Get the complete analysis for MEX:MITSN

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

MXN714.27
Price
MXN343.30
GF Value