PNADF (Petronas Dagangan Bhd) Operating Income: $367 Mil (TTM As of Mar. 2026)

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PNADF Petronas Dagangan Bhd PNADF
91 GF Score
Price $4.48
GF Value $5.21
! 3 Warning Signs
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What is Petronas Dagangan Bhd Operating Income?

Petronas Dagangan Bhd PNADF 91 Operating Income is $367 Mil as of Mar. 2026. GuruFocus rates PNADF with a GF Score™ of 91/100 and a GF Value™ of $5.21. The stock has 3 warning signs investors should review.

Petronas Dagangan Bhd's Operating Income for the three months ended in Mar. 2026 was $98 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $367 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Petronas Dagangan Bhd's Operating Income for the three months ended in Mar. 2026 was $98 Mil. Petronas Dagangan Bhd's Revenue for the three months ended in Mar. 2026 was $2,823 Mil. Therefore, Petronas Dagangan Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 3.46%.

Good Sign:

Petronas Dagangan Bhd operating margin is expanding. Margin expansion is usually a good sign.

Petronas Dagangan Bhd's 5-Year average Growth Rate for Operating Margin % was 11.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Petronas Dagangan Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 27.24%. Petronas Dagangan Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 39.03%.

Petronas Dagangan Bhd  (OTCPK:PNADF) Operating Income Explanation

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

Petronas Dagangan Bhd'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 )
=390.664 * ( 1 - 25.15% )/( (1084.462 + 1062.415)/ 2 )
=292.412004/1073.4385
=27.24 %

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))
=2711.186 - 1124.914 - ( 1137.489 - max(0, 1183.767 - 1685.577+1137.489))
=1084.462

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))
=3260.044 - 1705.663 - ( 1321.728 - max(0, 1720.399 - 2212.365+1321.728))
=1062.415

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

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

Petronas Dagangan Bhd'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 )
=396.924/( ( (1007.111 + max(-701.839, 0)) + (1026.968 + max(-815.026, 0)) )/ 2 )
=396.924/( ( 1007.111 + 1026.968 )/ 2 )
=396.924/1017.0395
=39.03 %

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)
=(404.348 + 27.515 + 32.067) - (1124.914 + 0 + 40.855)
=-701.839

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(852.539 + 37.859 + 0.23899999999958) - (1705.663 + 0 + -2.2737367544323E-13)
=-815.026

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 %:

Petronas Dagangan Bhd'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 )
=97.666/2823.229
=3.46 %

* 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.

Petronas Dagangan Bhd Operating Income Related Terms

Petronas Dagangan Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Petronas Dagangan Bhd'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.

Petronas Dagangan Bhd Operating Income Chart

Petronas Dagangan Bhd 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 178.37 260.55 290.06 347.28 375.27

Petronas Dagangan Bhd 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 91.90 88.67 91.49 89.50 97.67
PNADF
91GF Score
Petronas Dagangan Bhd PNADF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Petronas Dagangan Bhd 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 $367 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 $367 Mil mean?
Petronas Dagangan Bhd (PNADF) has a Operating Income of $367 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Petronas Dagangan Bhd and its competitors.
Is Petronas Dagangan Bhd's Operating Income too high?
Petronas Dagangan Bhd's current Operating Income is $367 Mil. Overall, Petronas Dagangan Bhd has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Petronas Dagangan Bhd's Operating Income compare to VLO and MPC?
Petronas Dagangan Bhd's Operating Income of $367 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Petronas Dagangan Bhd and its competitors. Petronas Dagangan Bhd's current Operating Income is $367 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petronas Dagangan Bhd stock overvalued right now?
Petronas Dagangan Bhd (PNADF) has a current Operating Income of $367 Mil. The stock's GF Value™ is $5.21, compared to a current price of $4.48 — trading 14% below its estimated fair value. The current Operating Income is $367 Mil. Petronas Dagangan Bhd's overall GF Score™ is 91/100 with 3 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 Petronas Dagangan Bhd (PNADF), the current Operating Income is $367 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 Petronas Dagangan Bhd (PNADF) Overvalued in 2026?

Based on GuruFocus' analysis, Petronas Dagangan Bhd stock appears to be undervalued. The current stock price of $4.48 is trading 14% below its estimated GF Value™ of $5.21.

Key valuation signals for PNADF:

  • Operating Income: $367 Mil
  • GF Value™: $5.21 vs. price of $4.48 (14% below fair value)
  • GF Score™: 91/100 with 3 warning signs

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

Petronas Dagangan Bhd Business Description

Industry EnergyOil & Gas
Other Exchanges 5681:Malaysia
Address Tower 1, Petronas Twin Towers, Level 30-33, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088
Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. The company's reportable segments comprise Retail, Commercial and Convenience Businesses. Retail segment consists of sales and purchases of petroleum products to the retail sector. Commercial segment consists of sales and purchases of petroleum products and provision of services to the commercial sector. Convenience segment comprises mainly non-fuel business activities. It derives maximum revenue from Retail segment. The Group's operations are predominantly within Malaysia. The products are Fuels; Cooking Gas; and Lubricants. The services of the company include: Used Cooking Oil; Card Services; PETRONAS Gift Card; Cafe Mesra; Makan Mesra; Segar Mesra; Setel; and 8X World Champion.
91GF Score

Get the complete analysis for PNADF

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

$4.48
Price
$5.21
GF Value