PIERF (Bajaj Mobility AG) Operating Income: $-519 Mil (TTM As of Dec. 2025)

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PIERF Bajaj Mobility AG PIERF
45 GF Score
Price $19.00
GF Value $17.96
Valuation Fairly Valued
! 11 Warning Signs
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What is Bajaj Mobility AG Operating Income?

Bajaj Mobility AG PIERF 45 Operating Income is $-519 Mil as of Dec. 2025. GuruFocus rates PIERF with a GF Score™ of 45/100 and a GF Value™ of $17.96 (Fairly Valued). The stock has 11 warning signs investors should review.

Bajaj Mobility AG's Operating Income for the six months ended in Dec. 2025 was $-223 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-519 Mil.

Warning Sign:

Bajaj Mobility AG had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bajaj Mobility AG's Operating Income for the six months ended in Dec. 2025 was $-223 Mil. Bajaj Mobility AG's Revenue for the six months ended in Dec. 2025 was $684 Mil. Therefore, Bajaj Mobility AG's Operating Margin % for the quarter that ended in Dec. 2025 was -32.56%.

Bajaj Mobility AG'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. Bajaj Mobility AG's annualized ROC % for the quarter that ended in Dec. 2025 was -16.77%. Bajaj Mobility AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -51.71%.


Bajaj Mobility AG  (OTCPK:PIERF) Operating Income Explanation

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

Bajaj Mobility AG'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 )
=-445.448 * ( 1 - 36.1% )/( (1911.88 + 1482.317)/ 2 )
=-284.641272/1697.0985
=-16.77 %

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))
=2269.55 - 171.857 - ( 185.813 - max(0, 414.533 - 1308.766+185.813))
=1911.88

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))
=1857.228 - 199.269 - ( 175.642 - max(0, 300.258 - 951.049+175.642))
=1482.317

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:

Bajaj Mobility AG'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 )
=-423.798/( ( (388.927 + max(418.34, 0)) + (369.696 + max(462.139, 0)) )/ 2 )
=-423.798/( ( 807.267 + 831.835 )/ 2 )
=-423.798/819.551
=-51.71 %

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)
=(177.855 + 455.363 + 199.655) - (171.857 + 0 + 242.676)
=418.34

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(134.365 + 441.525 + 162.553) - (199.269 + 0 + 77.035)
=462.139

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 %:

Bajaj Mobility AG'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 )
=-222.724/684.062
=-32.56 %

* 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.


Bajaj Mobility AG Operating Income Related Terms


Bajaj Mobility AG Operating Income Historical Data

* Premium members only.

The historical data trend for Bajaj Mobility AG'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.

Bajaj Mobility AG Operating Income Chart

Bajaj Mobility AG 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 216.46 243.77 171.96 -698.66 -523.31

Bajaj Mobility AG 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 70.43 -213.24 -491.23 -296.08 -222.72
PIERF
45GF Score
Bajaj Mobility AG PIERF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bajaj Mobility AG 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 $-519 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 $-519 Mil mean?
Bajaj Mobility AG (PIERF) has a Operating Income of $-519 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bajaj Mobility AG and its competitors.
Is Bajaj Mobility AG's Operating Income too high?
Bajaj Mobility AG's current Operating Income is $-519 Mil. Overall, Bajaj Mobility AG has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Mobility AG's Operating Income compare to TSLA and GM?
Bajaj Mobility AG's Operating Income of $-519 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 Bajaj Mobility AG and its competitors. Bajaj Mobility AG's current Operating Income is $-519 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Mobility AG stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Mobility AG (PIERF) is currently considered Fairly Valued. The stock's GF Value™ is $17.96, compared to a current price of $19.00 — trading 5.8% above its estimated fair value. The current Operating Income is $-519 Mil. Bajaj Mobility AG's overall GF Score™ is 45/100 with 11 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 Bajaj Mobility AG (PIERF), the current Operating Income is $-519 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 Bajaj Mobility AG (PIERF) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Mobility AG stock appears to be overvalued. The current stock price of $19.00 is trading 5.8% above its estimated GF Value™ of $17.96. GuruFocus considers Bajaj Mobility AG to be Fairly Valued.

Key valuation signals for PIERF:

  • Operating Income: $-519 Mil
  • GF Value™: $17.96 vs. price of $19.00 (5.8% above fair value)
  • GF Score™: 45/100 with 11 warning signs

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


Bajaj Mobility AG Business Description

Address Stallhofnerstrabe 3, Mattighofen, AUT, 5230
Bajaj Mobility AG is a manufacturer of premium motorcycles and two- and three-wheelers, bringing together performance-driven brands such as KTM, Husqvarna Motorcycles, and GASGAS, along with high-performance components under the WP brand. Focused on the premium segment, the company emphasizes innovation, engineering excellence, and brand positioning. Its Motorcycle segment, which generates the highest revenue, covers the development, production, and sale of motorcycles and components across international markets. The Bicycle segment, operated through PIERER New Mobility GmbH, includes brands such as Husqvarna E-Bicycles, GASGAS Bicycles, and FELT Bicycles, offering electric and conventional bikes. The company derives the majority of its revenue from Europe (excluding Austria).
45GF Score

Get the complete analysis for PIERF

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

$19.00
Price
$17.96
GF Value