Netum Group Oyj (OHEL:NETUM) Operating Income: €1.53 Mil (TTM As of Dec. 2025)


OHEL:NETUM Netum Group Oyj OHEL:NETUM
57 GF Score
Price €1.02
GF Value €2.45
Valuation Possible Value Trap
! 7 Warning Signs
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What is Netum Group Oyj Operating Income?

Netum Group Oyj OHEL:NETUM 57 Operating Income is €1.53 Mil as of Dec. 2025. GuruFocus rates OHEL:NETUM with a GF Score™ of 57/100 and a GF Value™ of €2.45 (Possible Value Trap). The stock has 7 warning signs investors should review.

Netum Group Oyj's Operating Income for the six months ended in Dec. 2025 was €1.61 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €1.53 Mil.

Warning Sign:

Netum Group Oyj 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. Netum Group Oyj's Operating Income for the six months ended in Dec. 2025 was €1.61 Mil. Netum Group Oyj's Revenue for the six months ended in Dec. 2025 was €16.41 Mil. Therefore, Netum Group Oyj's Operating Margin % for the quarter that ended in Dec. 2025 was 9.80%.

Netum Group Oyj'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. Netum Group Oyj's annualized ROC % for the quarter that ended in Dec. 2025 was 10.61%. Netum Group Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 308.22%.

Netum Group Oyj  (OHEL:NETUM) Operating Income Explanation

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

Netum Group Oyj'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 )
=3.216 * ( 1 - 0% )/( (25.661 + 34.953)/ 2 )
=3.216/30.307
=10.61 %

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))
=25.588 - 1.865 - ( 0.282 - max(0, 8.377 - 6.439+0.282))
=25.661

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))
=31.181 - 0.635 - ( 0.21 - max(0, 9.727 - 5.32+0.21))
=34.953

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:

Netum Group Oyj'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 )
=3.224/( ( (0.059 + max(-2.566, 0)) + (2.033 + max(-3.118, 0)) )/ 2 )
=3.224/( ( 0.059 + 2.033 )/ 2 )
=3.224/1.046
=308.22 %

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)
=(4.974 + 0 + 0) - (1.865 + 0 + 5.675)
=-2.566

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.048 + 0 + 0.472) - (0.635 + 0 + 7.003)
=-3.118

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 %:

Netum Group Oyj'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 )
=1.608/16.413
=9.80 %

* 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.

Netum Group Oyj Operating Income Related Terms

Netum Group Oyj Operating Income Historical Data

* Premium members only.

The historical data trend for Netum Group Oyj'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.

Netum Group Oyj Operating Income Chart

Netum Group Oyj Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 1.91 0.76 -0.24 4.08 1.53

Netum Group Oyj Semi-Annual Data
Dec18 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 -0.13 0.69 3.38 -0.08 1.61
OHEL:NETUM
57GF Score
Netum Group Oyj OHEL:NETUM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Netum Group Oyj 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 €1.53 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 €1.53 Mil mean?
Netum Group Oyj (OHEL:NETUM) has a Operating Income of €1.53 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Netum Group Oyj and its competitors.
Is Netum Group Oyj's Operating Income too high?
Netum Group Oyj's current Operating Income is €1.53 Mil. Overall, Netum Group Oyj has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Netum Group Oyj's Operating Income compare to IBM and ACN?
Netum Group Oyj's Operating Income of €1.53 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 Netum Group Oyj and its competitors. Netum Group Oyj's current Operating Income is €1.53 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netum Group Oyj stock overvalued right now?
Based on GuruFocus' analysis, Netum Group Oyj (OHEL:NETUM) is currently considered Possible Value Trap. The stock's GF Value™ is €2.45, compared to a current price of €1.02 — trading 58.4% below its estimated fair value. The current Operating Income is €1.53 Mil. Netum Group Oyj's overall GF Score™ is 57/100 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 Netum Group Oyj (OHEL:NETUM), the current Operating Income is €1.53 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 Netum Group Oyj (OHEL:NETUM) Overvalued in 2026?

Based on GuruFocus' analysis, Netum Group Oyj stock appears to be undervalued. The current stock price of €1.02 is trading 58.4% below its estimated GF Value™ of €2.45. GuruFocus considers Netum Group Oyj to be Possible Value Trap.

Key valuation signals for OHEL:NETUM:

  • Operating Income: €1.53 Mil
  • GF Value™: €2.45 vs. price of €1.02 (58.4% below fair value)
  • GF Score™: 57/100 with 7 warning signs

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

Netum Group Oyj Business Description

Address Yliopistonkatu 58 B, Tampere, FIN, 33100
Netum Group Oyj is a fast-growing information technology service house. The company serves public administration and corporate customers with the legacy of digi concept, which combines existing traditional information technology solutions with the latest digital applications. Netum's services include digital services development, system continuity services, data and analysis services, integration services, cyber security services, and management consulting services.
57GF Score

Get the complete analysis for OHEL:NETUM

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

€1.02
Price
€2.45
GF Value