SEKEY (Seiko Epson) Operating Income: $332 Mil (TTM As of Mar. 2026)


SEKEY Seiko Epson Corp SEKEY
77 GF Score
Price $8.88
GF Value $7.81
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Seiko Epson Operating Income?

Seiko Epson SEKEY +3.38% 77 Operating Income is $332 Mil as of Mar. 2026. GuruFocus rates SEKEY with a GF Score™ of 77/100 and a GF Value™ of $7.81 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Seiko Epson's Operating Income for the three months ended in Mar. 2026 was $-56 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $332 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Seiko Epson's Operating Income for the three months ended in Mar. 2026 was $-56 Mil. Seiko Epson's Revenue for the three months ended in Mar. 2026 was $2,328 Mil. Therefore, Seiko Epson's Operating Margin % for the quarter that ended in Mar. 2026 was -2.39%.

Warning Sign:

Seiko Epson Corp operating margin has been in a 5-year decline. The average rate of decline per year is -9%.

Seiko Epson's 5-Year average Growth Rate for Operating Margin % was -9.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Seiko Epson's annualized ROC % for the quarter that ended in Mar. 2026 was -3.24%. Seiko Epson's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.67%.

Seiko Epson  (OTCPK:SEKEY) Operating Income Explanation

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

Seiko Epson'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 )
=-222.532 * ( 1 - 0% )/( (7003.014 + 6732.158)/ 2 )
=-222.532/6867.586
=-3.24 %

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))
=9779.591 - 1117.378 - ( 1659.199 - max(0, 2847.231 - 6053.94+1659.199))
=7003.014

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))
=9672.573 - 1080.975 - ( 1859.44 - max(0, 2818.133 - 6099.802+1859.44))
=6732.158

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

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

Seiko Epson'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 )
=-160.8/( ( (2470.436 + max(1962.717, 0)) + (2475.349 + max(1851.305, 0)) )/ 2 )
=-160.8/( ( 4433.153 + 4326.654 )/ 2 )
=-160.8/4379.9035
=-3.67 %

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)
=(1540.083 + 2585.858 + 268.8) - (1117.378 + 0 + 1314.646)
=1962.717

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1518.987 + 2487.562 + 233.813) - (1080.975 + 0 + 1308.082)
=1851.305

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 %:

Seiko Epson'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 )
=-55.633/2328.08
=-2.39 %

* 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.

Seiko Epson Operating Income Related Terms

Seiko Epson Operating Income Historical Data

* Premium members only.

The historical data trend for Seiko Epson'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.

Seiko Epson Operating Income Chart

Seiko Epson Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 796.77 726.04 384.02 503.89 312.31

Seiko Epson 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 82.13 97.85 115.03 174.71 -55.63
SEKEY
77GF Score
Seiko Epson Corp SEKEY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Seiko Epson 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 $332 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 $332 Mil mean?
Seiko Epson (SEKEY) has a Operating Income of $332 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Seiko Epson and its competitors.
Is Seiko Epson's Operating Income too high?
Seiko Epson's current Operating Income is $332 Mil. Overall, Seiko Epson has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seiko Epson's Operating Income compare to SNDK and DELL?
Seiko Epson's Operating Income of $332 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Seiko Epson and its competitors. Seiko Epson's current Operating Income is $332 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seiko Epson stock overvalued right now?
Based on GuruFocus' analysis, Seiko Epson (SEKEY) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.81, compared to a current price of $8.88 — trading 13.7% above its estimated fair value. The current Operating Income is $332 Mil. Seiko Epson's overall GF Score™ is 77/100 with 9 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 Seiko Epson (SEKEY), the current Operating Income is $332 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 Seiko Epson (SEKEY) Overvalued in 2026?

Based on GuruFocus' analysis, Seiko Epson stock appears to be overvalued. The current stock price of $8.88 is trading 13.7% above its estimated GF Value™ of $7.81. GuruFocus considers Seiko Epson to be Modestly Overvalued.

Key valuation signals for SEKEY:

  • Operating Income: $332 Mil
  • GF Value™: $7.81 vs. price of $8.88 (13.7% above fair value)
  • GF Score™: 77/100 with 9 warning signs

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

Seiko Epson Business Description

Other Exchanges 6724:JapanSE7:Germany
Address 3-3-5 Yamato, Nagano Prefecture, Suwa, JPN, 392-8502
Seiko Epson Corp is a Japan-based electronics manufacturer of printers and imaging equipment. The company operates through three segments. The Manufacturing-related and Wearables segment includes industrial robots, small injection molding machines, watches, watch movements, crystal devices, semiconductors, metal powders, surface treatment, and PCs. The Printing Solutions segment covers office and home inkjet printers, serial impact dot matrix printers, page printers, color image scanners, dry office paper machines, commercial and industrial inkjet printers, POS system products, rubber printers, and related consumables. The Visual Communication segment focuses on LCD projectors, smart glasses, and related products. It generates the majority of revenue from the Printing Solutions segment.
77GF Score

Get the complete analysis for SEKEY

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

$8.88
Price
$7.81
GF Value