Webstep ASA (OSL:WSTEP) Operating Income: kr49.3 Mil (TTM As of Mar. 2026)

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OSL:WSTEP Webstep ASA OSL:WSTEP
56 GF Score
Price kr14.20
GF Value kr22.82
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Webstep ASA Operating Income?

Webstep ASA OSL:WSTEP +1.07% 56 Operating Income is kr49.3 Mil as of Mar. 2026. GuruFocus rates OSL:WSTEP with a GF Score™ of 56/100 and a GF Value™ of kr22.82 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Webstep ASA's Operating Income for the three months ended in Mar. 2026 was kr15.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr49.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Webstep ASA's Operating Income for the three months ended in Mar. 2026 was kr15.9 Mil. Webstep ASA's Revenue for the three months ended in Mar. 2026 was kr209.7 Mil. Therefore, Webstep ASA's Operating Margin % for the quarter that ended in Mar. 2026 was 7.59%.

Warning Sign:

Webstep ASA operating margin has been in a 5-year decline. The average rate of decline per year is -5.2%.

Webstep ASA's 5-Year average Growth Rate for Operating Margin % was -5.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Webstep ASA's annualized ROC % for the quarter that ended in Mar. 2026 was 9.74%. Webstep ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 68.75%.


Webstep ASA  (OSL:WSTEP) Operating Income Explanation

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

Webstep ASA'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 )
=63.704 * ( 1 - 22.41% )/( (500.407 + 514.05)/ 2 )
=49.4279336/507.2285
=9.74 %

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))
=593.606 - 95.317 - ( 105.132 - max(0, 217.12 - 215.002+105.132))
=500.407

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

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

Webstep ASA'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 )
=63.704/( ( (61.561 + max(-95.371, 0)) + (59.839 + max(63.929, 0)) )/ 2 )
=63.704/( ( 61.561 + 123.768 )/ 2 )
=63.704/92.6645
=68.75 %

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)
=(105.345 + 0 + 4.525) - (95.317 + 0 + 109.924)
=-95.371

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(144.76 + 0 + 0) - (80.83 + 0 + 0.0010000000000332)
=63.929

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 %:

Webstep ASA'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 )
=15.926/209.746
=7.59 %

* 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.


Webstep ASA Operating Income Related Terms


Webstep ASA Operating Income Historical Data

* Premium members only.

The historical data trend for Webstep ASA'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.

Webstep ASA Operating Income Chart

Webstep ASA 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 65.93 54.65 17.05 66.73 55.95

Webstep ASA 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 22.62 19.04 8.23 6.05 15.93
OSL:WSTEP
56GF Score
Webstep ASA OSL:WSTEP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Webstep ASA 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 kr49.3 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 kr49.3 Mil mean?
Webstep ASA (OSL:WSTEP) has a Operating Income of kr49.3 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Webstep ASA and its competitors.
Is Webstep ASA's Operating Income too high?
Webstep ASA's current Operating Income is kr49.3 Mil. Overall, Webstep ASA has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Webstep ASA's Operating Income compare to IBM and ACN?
Webstep ASA's Operating Income of kr49.3 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 Webstep ASA and its competitors. Webstep ASA's current Operating Income is kr49.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Webstep ASA stock overvalued right now?
Based on GuruFocus' analysis, Webstep ASA (OSL:WSTEP) is currently considered Significantly Undervalued. The stock's GF Value™ is kr22.82, compared to a current price of kr14.20 — trading 37.8% below its estimated fair value. The current Operating Income is kr49.3 Mil. Webstep ASA's overall GF Score™ is 56/100 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 Webstep ASA (OSL:WSTEP), the current Operating Income is kr49.3 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 Webstep ASA (OSL:WSTEP) Overvalued in 2026?

Based on GuruFocus' analysis, Webstep ASA stock appears to be undervalued. The current stock price of kr14.20 is trading 37.8% below its estimated GF Value™ of kr22.82. GuruFocus considers Webstep ASA to be Significantly Undervalued.

Key valuation signals for OSL:WSTEP:

  • Operating Income: kr49.3 Mil
  • GF Value™: kr22.82 vs. price of kr14.20 (37.8% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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


Webstep ASA Business Description

Address Universitetsgata 2, Rebel, Oslo, NOR, NO-0164
Webstep ASA is engaged in the provision of information technology (IT) consultancy services. Its core digitalization offerings include digitalization, cloud migration, and integration. In addition, it also focused on the Internet of Things (IoT), machine learning, and analytics. The group has cross-functional expertise in cloud services and infrastructure, security, mobility, analytics, and AI. It operates in Sweden.
56GF Score

Get the complete analysis for OSL:WSTEP

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

kr14.20
Price
kr22.82
GF Value