STGPF (Scentre Group) Operating Income: $1,186 Mil (TTM As of Dec. 2025)

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STGPF Scentre Group STGPF
69 GF Score
Price $2.45
GF Value $2.27
Valuation Fairly Valued
! 9 Warning Signs
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What is Scentre Group Operating Income?

Scentre Group STGPF 69 Operating Income is $1,186 Mil as of Dec. 2025. GuruFocus rates STGPF with a GF Score™ of 69/100 and a GF Value™ of $2.27 (Fairly Valued). The stock has 9 warning signs investors should review.

Scentre Group's Operating Income for the six months ended in Dec. 2025 was $602 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $1,186 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Scentre Group's Operating Income for the six months ended in Dec. 2025 was $602 Mil. Scentre Group's Revenue for the six months ended in Dec. 2025 was $911 Mil. Therefore, Scentre Group's Operating Margin % for the quarter that ended in Dec. 2025 was 66.05%.

Good Sign:

Scentre Group operating margin is expanding. Margin expansion is usually a good sign.

Scentre Group's 5-Year average Growth Rate for Operating Margin % was 3.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Scentre Group's annualized ROC % for the quarter that ended in Dec. 2025 was 4.90%. Scentre Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1,297.55%.


Scentre Group  (OTCPK:STGPF) Operating Income Explanation

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

Scentre Group'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 )
=1203.588 * ( 1 - 1.04% )/( (24516.211 + 24086.312)/ 2 )
=1191.0706848/24301.2615
=4.90 %

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))
=23619.271 - 536.003 - ( 652.018 - max(0, 2414.258 - 981.315+652.018))
=24516.211

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))
=23519.601 - 535.681 - ( 351.761 - max(0, 2363.92 - 1261.528+351.761))
=24086.312

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:

Scentre Group'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 )
=1704.85/( ( (58.594 + max(-320.833, 0)) + (86.113 + max(118.072, 0)) )/ 2 )
=1704.85/( ( 58.594 + 204.185 )/ 2 )
=1704.85/131.3895
=1,297.55 %

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)
=(168.359 + 0 + 160.938) - (536.003 + 0 + 114.127)
=-320.833

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.85 + 0 + 733.355) - (535.681 + 0 + 104.452)
=118.072

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 %:

Scentre Group'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 )
=601.794/911.096
=66.05 %

* 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.


Scentre Group Operating Income Related Terms


Scentre Group Operating Income Historical Data

* Premium members only.

The historical data trend for Scentre Group'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.

Scentre Group Operating Income Chart

Scentre Group 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 957.65 1,029.22 1,105.62 1,097.34 1,198.14

Scentre Group 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 556.09 565.21 558.27 584.31 601.79
STGPF
69GF Score
Scentre Group STGPF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Scentre Group 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 $1,186 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 $1,186 Mil mean?
Scentre Group (STGPF) has a Operating Income of $1,186 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Scentre Group and its competitors.
Is Scentre Group's Operating Income too high?
Scentre Group's current Operating Income is $1,186 Mil. Overall, Scentre Group has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Scentre Group's Operating Income compare to SPG and O?
Scentre Group's Operating Income of $1,186 Mil can be compared against companies in the REITs 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 REITs company?
A good Operating Income depends on the REITs 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 Scentre Group and its competitors. Scentre Group's current Operating Income is $1,186 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scentre Group stock overvalued right now?
Based on GuruFocus' analysis, Scentre Group (STGPF) is currently considered Fairly Valued. The stock's GF Value™ is $2.27, compared to a current price of $2.45 — trading 7.9% above its estimated fair value. The current Operating Income is $1,186 Mil. Scentre Group's overall GF Score™ is 69/100 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 Scentre Group (STGPF), the current Operating Income is $1,186 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 Scentre Group (STGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Scentre Group stock appears to be overvalued. The current stock price of $2.45 is trading 7.9% above its estimated GF Value™ of $2.27. GuruFocus considers Scentre Group to be Fairly Valued.

Key valuation signals for STGPF:

  • Operating Income: $1,186 Mil
  • GF Value™: $2.27 vs. price of $2.45 (7.9% above fair value)
  • GF Score™: 69/100 with 9 warning signs

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


Scentre Group Business Description

Industry Real EstateREITs
Other Exchanges 59S:GermanySCG:Australia
Address 85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000
Scentre Group owns the largest premium shopping center portfolio in Australia and New Zealand, operating 42 Westfield malls. This includes seven of the top 10 malls in Australia by sales turnover and four of the top five in New Zealand. Westfield centers are typically one-stop shopping destinations, each with a comprehensive range of retail, service, lifestyle, and entertainment offerings. About half the retail floorspace is leased to anchor tenants, and half to specialty tenants. The vast majority of Scentre's income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.
69GF Score

Get the complete analysis for STGPF

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

$2.45
Price
$2.27
GF Value