Papirfabrikken Invest (OCSE:PFINV) Operating Income: kr29.15 Mil (TTM As of Dec. 2025)

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OCSE:PFINV Papirfabrikken Invest OCSE:PFINV
64 GF Score
Price kr30.00
GF Value kr26.15
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Papirfabrikken Invest Operating Income?

Papirfabrikken Invest OCSE:PFINV 64 Operating Income is kr29.15 Mil as of Dec. 2025. GuruFocus rates OCSE:PFINV with a GF Score™ of 64/100 and a GF Value™ of kr26.15 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Papirfabrikken Invest's Operating Income for the six months ended in Dec. 2025 was kr14.06 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was kr29.15 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Papirfabrikken Invest's Operating Income for the six months ended in Dec. 2025 was kr14.06 Mil. Papirfabrikken Invest's Revenue for the six months ended in Dec. 2025 was kr38.28 Mil. Therefore, Papirfabrikken Invest's Operating Margin % for the quarter that ended in Dec. 2025 was 36.74%.

Good Sign:

Papirfabrikken Invest operating margin is expanding. Margin expansion is usually a good sign.

Papirfabrikken Invest's 5-Year average Growth Rate for Operating Margin % was 4.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Papirfabrikken Invest's annualized ROC % for the quarter that ended in Dec. 2025 was 3.29%. Papirfabrikken Invest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 44.23%.

Papirfabrikken Invest  (OCSE:PFINV) Operating Income Explanation

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

Papirfabrikken Invest's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=28.128 * ( 1 - 17.21% )/( (698.298 + 718.389)/ 2 )
=23.2871712/708.3435
=3.29 %

where

Invested Capital(Q: Jun. 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))
=765.316 - 5.195 - ( 61.823 - max(0, 22.324 - 109.606+61.823))
=698.298

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))
=773.507 - 7.134 - ( 47.984 - max(0, 17.838 - 91.093+47.984))
=718.389

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

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

Papirfabrikken Invest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=42.804/( ( (92.765 + max(-5.819, 0)) + (91.601 + max(9.179, 0)) )/ 2 )
=42.804/( ( 92.765 + 100.78 )/ 2 )
=42.804/96.7725
=44.23 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.501 + 0.286 + 1.087) - (5.195 + 0 + 3.498)
=-5.819

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.248 + 14.017 + 3.004) - (7.134 + 0 + 1.956)
=9.179

When net working capital is negative, 0 is used.

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

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

Papirfabrikken Invest's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=14.064/38.275
=36.74 %

* 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.

Papirfabrikken Invest Operating Income Related Terms

Papirfabrikken Invest Operating Income Historical Data

* Premium members only.

The historical data trend for Papirfabrikken Invest'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.

Papirfabrikken Invest Operating Income Chart

Papirfabrikken Invest Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.82 88.62 27.58 21.59 29.15

Papirfabrikken Invest Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 10.82 13.44 8.15 15.09 14.06
OCSE:PFINV
64GF Score
Papirfabrikken Invest OCSE:PFINV
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Papirfabrikken Invest 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr29.15 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 kr29.15 Mil mean?
Papirfabrikken Invest (OCSE:PFINV) has a Operating Income of kr29.15 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Papirfabrikken Invest and its competitors.
Is Papirfabrikken Invest's Operating Income too high?
Papirfabrikken Invest's current Operating Income is kr29.15 Mil. Overall, Papirfabrikken Invest has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Papirfabrikken Invest's Operating Income compare to CBRE and BEKE?
Papirfabrikken Invest's Operating Income of kr29.15 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 Papirfabrikken Invest and its competitors. Papirfabrikken Invest's current Operating Income is kr29.15 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Papirfabrikken Invest stock overvalued right now?
Based on GuruFocus' analysis, Papirfabrikken Invest (OCSE:PFINV) is currently considered Modestly Overvalued. The stock's GF Value™ is kr26.15, compared to a current price of kr30.00 — trading 14.7% above its estimated fair value. The current Operating Income is kr29.15 Mil. Papirfabrikken Invest's overall GF Score™ is 64/100 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 Papirfabrikken Invest (OCSE:PFINV), the current Operating Income is kr29.15 Mil as of Dec. 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 Papirfabrikken Invest (OCSE:PFINV) Overvalued in 2026?

Based on GuruFocus' analysis, Papirfabrikken Invest stock appears to be overvalued. The current stock price of kr30.00 is trading 14.7% above its estimated GF Value™ of kr26.15. GuruFocus considers Papirfabrikken Invest to be Modestly Overvalued.

Key valuation signals for OCSE:PFINV:

  • Operating Income: kr29.15 Mil
  • GF Value™: kr26.15 vs. price of kr30.00 (14.7% above fair value)
  • GF Score™: 64/100 with 6 warning signs

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

Papirfabrikken Invest Business Description

Address Ansvej 104, Silkeborg, DNK, 8600
Papirfabrikken Invest is an investment group that holds equity interests in various capital companies. The group's investment portfolio includes activities such as property development and leasing, trading and financial operations, as well as other strategic business ventures. The Group's segments consist of: Properties and Hotel. Properties activities mainly related to the rental of the Papirfabrikken property complex in the form of leases, property income, and the purchase and sale of investment properties. Hotel activities related to the company Hotel Papirfabrikken in the form of hotel operations of the Radisson Hotel, F&B activities at Restaurant Michael D, and JYSK park.
64GF Score

Get the complete analysis for OCSE:PFINV

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

kr30.00
Price
kr26.15
GF Value