PUTRF (Ptt PCL) Operating Income: $6,741 Mil (TTM As of Mar. 2026)


PUTRF Ptt PCL PUTRF
80 GF Score
Price $0.87
GF Value $0.74
! 5 Warning Signs
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What is Ptt PCL Operating Income?

Ptt PCL PUTRF -17.06% 80 Operating Income is $6,741 Mil as of Mar. 2026. GuruFocus rates PUTRF with a GF Score™ of 80/100 and a GF Value™ of $0.74. The stock has 5 warning signs investors should review.

Ptt PCL's Operating Income for the three months ended in Mar. 2026 was $3,990 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $6,741 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ptt PCL's Operating Income for the three months ended in Mar. 2026 was $3,990 Mil. Ptt PCL's Revenue for the three months ended in Mar. 2026 was $22,277 Mil. Therefore, Ptt PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 17.91%.

Warning Sign:

Ptt PCL operating margin has been in a 5-year decline. The average rate of decline per year is -1.4%.

Ptt PCL's 5-Year average Growth Rate for Operating Margin % was -1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ptt PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 11.88%. Ptt PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.54%.


Ptt PCL  (OTCPK:PUTRF) Operating Income Explanation

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

Ptt PCL'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 )
=15960.948 * ( 1 - 36.45% )/( (83219.016 + 87536.654)/ 2 )
=10143.182454/85377.835
=11.88 %

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))
=103552.177 - 9582.905 - ( 12775.928 - max(0, 17917.907 - 28668.163+12775.928))
=83219.016

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))
=111063.735 - 11868.183 - ( 15068.669 - max(0, 24998.72 - 36657.618+15068.669))
=87536.654

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

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

Ptt PCL'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 )
=9141.684/( ( (113819.164 + max(3788.17, 0)) + (53699.346 + max(2186.509, 0)) )/ 2 )
=9141.684/( ( 117607.334 + 55885.855 )/ 2 )
=9141.684/86746.5945
=10.54 %

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)
=(660.057 + 6632.747 + 6854.703) - (9582.905 + 229.834 + 546.598)
=3788.17

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8261.677 + 7525.134 + 1300.615) - (11868.183 + 0 + 3032.734)
=2186.509

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 %:

Ptt PCL'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 )
=3990.237/22277.399
=17.91 %

* 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.


Ptt PCL Operating Income Related Terms


Ptt PCL Operating Income Historical Data

* Premium members only.

The historical data trend for Ptt PCL'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.

Ptt PCL Operating Income Chart

Ptt PCL 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 7,398.51 8,304.90 6,610.37 5,211.54 4,270.44

Ptt PCL 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 1,382.92 822.66 1,165.34 762.53 3,990.24
PUTRF
80GF Score
Ptt PCL PUTRF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ptt PCL 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 $6,741 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 $6,741 Mil mean?
Ptt PCL (PUTRF) has a Operating Income of $6,741 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ptt PCL and its competitors.
Is Ptt PCL's Operating Income too high?
Ptt PCL's current Operating Income is $6,741 Mil. Overall, Ptt PCL has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Ptt PCL's Operating Income compare to XOM and CVX?
Ptt PCL's Operating Income of $6,741 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 Ptt PCL and its competitors. Ptt PCL's current Operating Income is $6,741 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ptt PCL stock overvalued right now?
Ptt PCL (PUTRF) has a current Operating Income of $6,741 Mil. The stock's GF Value™ is $0.74, compared to a current price of $0.87 — trading 17.5% above its estimated fair value. The current Operating Income is $6,741 Mil. Ptt PCL's overall GF Score™ is 80/100 with 5 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 Ptt PCL (PUTRF), the current Operating Income is $6,741 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 Ptt PCL (PUTRF) Overvalued in 2026?

Based on GuruFocus' analysis, Ptt PCL stock appears to be overvalued. The current stock price of $0.87 is trading 17.5% above its estimated GF Value™ of $0.74.

Key valuation signals for PUTRF:

  • Operating Income: $6,741 Mil
  • GF Value™: $0.74 vs. price of $0.87 (17.5% above fair value)
  • GF Score™: 80/100 with 5 warning signs

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


Ptt PCL Business Description

Industry EnergyOil & Gas
Address 555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok, THA, 10900
Ptt PCL is an integrated national petroleum and petrochemical company based out of Thailand. The Group is organized into business groups based on types of products and services. The segments of the Group are Upstream petroleum and Natural gas business group which is further divided into Petroleum exploration and production business and Natural gas business. Downstream petroleum business group is divided into Oil and retail business; International trading business and Petrochemical and Refining business. New business and sustainability group includes emphasis on decarbonization to achieve the Net Zero Emission.
80GF Score

Get the complete analysis for PUTRF

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

$0.87
Price
$0.74
GF Value