GMA Network (PHS:GMA7) Operating Income: ₱1,586 Mil (TTM As of Mar. 2026)


PHS:GMA7 GMA Network Inc PHS:GMA7
75 GF Score
Price ₱4.65
GF Value ₱6.60
Valuation Possible Value Trap
! 7 Warning Signs
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What is GMA Network Operating Income?

GMA Network PHS:GMA7 -0.21% 75 Operating Income is ₱1,586 Mil as of Mar. 2026. GuruFocus rates PHS:GMA7 with a GF Score™ of 75/100 and a GF Value™ of ₱6.60 (Possible Value Trap). The stock has 7 warning signs investors should review.

GMA Network's Operating Income for the three months ended in Mar. 2026 was ₱37 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₱1,586 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. GMA Network's Operating Income for the three months ended in Mar. 2026 was ₱37 Mil. GMA Network's Revenue for the three months ended in Mar. 2026 was ₱3,362 Mil. Therefore, GMA Network's Operating Margin % for the quarter that ended in Mar. 2026 was 1.10%.

Warning Sign:

GMA Network Inc operating margin has been in a 5-year decline. The average rate of decline per year is -23.1%.

GMA Network's 5-Year average Growth Rate for Operating Margin % was -23.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GMA Network's annualized ROC % for the quarter that ended in Mar. 2026 was 0.55%. GMA Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.29%.


GMA Network  (PHS:GMA7) Operating Income Explanation

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

GMA Network'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 )
=148.032 * ( 1 - 20.46% )/( (22230.956 + 20200.367)/ 2 )
=117.7446528/21215.6615
=0.55 %

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))
=25451.106 - 1758.764 - ( 1461.386 - max(0, 5120.986 - 11539.978+1461.386))
=22230.956

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))
=25147.463 - 3599.565 - ( 1347.531 - max(0, 6567.421 - 11373.387+1347.531))
=20200.367

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

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

GMA Network'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 )
=580.656/( ( (12467.838 + max(6415.072, 0)) + (12334.474 + max(4091.88, 0)) )/ 2 )
=580.656/( ( 18882.91 + 16426.354 )/ 2 )
=580.656/17654.632
=3.29 %

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)
=(6350.102 + 814.348 + 2878.334) - (1758.764 + 0 + 1868.948)
=6415.072

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6303.217 + 787.24 + 2923.569) - (3599.565 + 0 + 2322.581)
=4091.88

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 %:

GMA Network'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 )
=37.008/3361.699
=1.10 %

* 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.


GMA Network Operating Income Related Terms


GMA Network Operating Income Historical Data

* Premium members only.

The historical data trend for GMA Network'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.

GMA Network Operating Income Chart

GMA Network 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 9,894.70 7,138.61 4,045.57 2,728.77 2,599.49

GMA Network 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 1,030.66 1,513.11 75.29 -38.93 37.01
PHS:GMA7
75GF Score
GMA Network Inc PHS:GMA7
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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GMA Network 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 ₱1,586 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 ₱1,586 Mil mean?
GMA Network (PHS:GMA7) has a Operating Income of ₱1,586 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GMA Network and its competitors.
Is GMA Network's Operating Income too high?
GMA Network's current Operating Income is ₱1,586 Mil. Overall, GMA Network has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GMA Network's Operating Income compare to NXST?
GMA Network's Operating Income of ₱1,586 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Operating Income depends on the Media - Diversified 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 GMA Network and its competitors. GMA Network's current Operating Income is ₱1,586 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMA Network stock overvalued right now?
Based on GuruFocus' analysis, GMA Network (PHS:GMA7) is currently considered Possible Value Trap. The stock's GF Value™ is ₱6.60, compared to a current price of ₱4.65 — trading 29.5% below its estimated fair value. The current Operating Income is ₱1,586 Mil. GMA Network's overall GF Score™ is 75/100 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 GMA Network (PHS:GMA7), the current Operating Income is ₱1,586 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 GMA Network (PHS:GMA7) Overvalued in 2026?

Based on GuruFocus' analysis, GMA Network stock appears to be undervalued. The current stock price of ₱4.65 is trading 29.5% below its estimated GF Value™ of ₱6.60. GuruFocus considers GMA Network to be Possible Value Trap.

Key valuation signals for PHS:GMA7:

  • Operating Income: ₱1,586 Mil
  • GF Value™: ₱6.60 vs. price of ₱4.65 (29.5% below fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the PHS:GMA7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GMA Network Business Description

Address GMA Network Center, Timog Avenue EDSA corner, Diliman, Quezon City, PHL, 1103
GMA Network Inc is mainly engaged in radio and television broadcasting, as well as film production and other information and entertainment-related activities. The Group operates through three reportable segments: the television and radio segment, which generates the majority of revenue through the sale of national and regional advertising time; the international subscription segment, which earns from subscription arrangements with international cable companies; and other businesses, which include movie production, consumer products, and related services. Geographically, it operates in the Philippines and other countries, with majority of its revenue derived from the Philippines.
75GF Score

Get the complete analysis for PHS:GMA7

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

₱4.65
Price
₱6.60
GF Value