Empire East Land Holdings (PHS:ELI) Operating Income: ₱826 Mil (TTM As of Mar. 2026)


What is Empire East Land Holdings Operating Income?

Empire East Land Holdings PHS:ELI -1.02% Operating Income is ₱826 Mil as of Mar. 2026. The stock has 5 warning signs investors should review.

Empire East Land Holdings's Operating Income for the three months ended in Mar. 2026 was ₱326 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₱826 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Empire East Land Holdings's Operating Income for the three months ended in Mar. 2026 was ₱326 Mil. Empire East Land Holdings's Revenue for the three months ended in Mar. 2026 was ₱1,497 Mil. Therefore, Empire East Land Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 21.80%.

Good Sign:

Empire East Land Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.

Empire East Land Holdings's 5-Year average Growth Rate for Operating Margin % was 0.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Empire East Land Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 2.14%. Empire East Land Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.56%.

Empire East Land Holdings  (PHS:ELI) Operating Income Explanation

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

Empire East Land Holdings'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 )
=1305.144 * ( 1 - 25.88% )/( (44556 + 45683.225)/ 2 )
=967.3727328/45119.6125
=2.14 %

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))
=49929.661 - 3091.061 - ( 2282.6 - max(0, 15387.414 - 42459.697+2282.6))
=44556

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))
=50726.918 - 2663.926 - ( 2379.767 - max(0, 15912.588 - 43419.411+2379.767))
=45683.225

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

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

Empire East Land Holdings'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 )
=1719.968/( ( (204.23 + max(22333.205, 0)) + (201.647 + max(22764.072, 0)) )/ 2 )
=1719.968/( ( 22537.435 + 22965.719 )/ 2 )
=1719.968/22751.577
=7.56 %

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)
=(5989.592 + 21397.205 + 10133.822) - (3091.061 + 0 + 12096.353)
=22333.205

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9881.379 + 21261.34 + 7333.941) - (2663.926 + 0 + 13048.662)
=22764.072

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 %:

Empire East Land Holdings'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 )
=326.286/1496.825
=21.80 %

* 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.

Empire East Land Holdings Operating Income Related Terms

Empire East Land Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Empire East Land Holdings'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.

Empire East Land Holdings Operating Income Chart

Empire East Land Holdings 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 680.41 935.93 1,000.58 625.72 737.97

Empire East Land Holdings 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 238.27 132.31 235.86 131.53 326.29

Empire East Land Holdings 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 ₱826 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 ₱826 Mil mean?
Empire East Land Holdings (PHS:ELI) has a Operating Income of ₱826 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Empire East Land Holdings and its competitors.
Is Empire East Land Holdings' Operating Income too high?
Empire East Land Holdings' current Operating Income is ₱826 Mil.
How does Empire East Land Holdings' Operating Income compare to competitors?
Empire East Land Holdings' Operating Income of ₱826 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 Empire East Land Holdings and its competitors. Empire East Land Holdings's current Operating Income is ₱826 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire East Land Holdings stock overvalued right now?
Based on GuruFocus' analysis, Empire East Land Holdings (PHS:ELI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱0.12, compared to a current price of ₱0.10 — trading 19.2% below its estimated fair value. The current Operating Income is ₱826 Mil. 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 Empire East Land Holdings (PHS:ELI), the current Operating Income is ₱826 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.

Empire East Land Holdings Business Description

Address The Paddington Place, 632 Shaw Boulevard, 2nd Floor, Barangay Highway Hills, Metro Manila, Mandaluyong, PHL, 1552
Empire East Land Holdings Inc is engaged in the business of real estate development, mass community housing, townhouses, and row houses development. The Company is engaged in the planning, development, marketing, and sale of residential communities in key growth areas of Metro Manila and select provinces in Luzon. The Company also leases out commercial and industrial properties. The Company's core product offerings include: Mid-rise and high-rise residential condominiums, Transit-Oriented Developments located near rail systems and transportation corridors, Urban resort-themed residential communities, Master-planned townships and micro-city developments, House-and-lot and lot-only subdivisions in growth corridors.