Properst Co (TSE:3236) Operating Income: 円3,247 Mil (TTM As of Feb. 2026)

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TSE:3236 Properst Co Ltd TSE:3236
76 GF Score
Price 円273.00
GF Value 円252.38
Valuation Fairly Valued
! 3 Warning Signs
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What is Properst Co Operating Income?

Properst Co TSE:3236 76 Operating Income is 円3,247 Mil as of Feb. 2026. GuruFocus rates TSE:3236 with a GF Score™ of 76/100 and a GF Value™ of 円252.38 (Fairly Valued). The stock has 3 warning signs investors should review.

Properst Co's Operating Income for the three months ended in Feb. 2026 was 円-135 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円3,247 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Properst Co's Operating Income for the three months ended in Feb. 2026 was 円-135 Mil. Properst Co's Revenue for the three months ended in Feb. 2026 was 円1,975 Mil. Therefore, Properst Co's Operating Margin % for the quarter that ended in Feb. 2026 was -6.84%.

Good Sign:

Properst Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Properst Co's 5-Year average Growth Rate for Operating Margin % was 2.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Properst Co's annualized ROC % for the quarter that ended in Feb. 2026 was -2.16%. Properst Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.03%.


Properst Co  (TSE:3236) Operating Income Explanation

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

Properst Co's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=-540 * ( 1 - 0% )/( (18980 + 30972)/ 2 )
=-540/24976
=-2.16 %

where

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

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

Properst Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=628/( ( (20 + max(13568, 0)) + (50 + max(27791, 0)) )/ 2 )
=628/( ( 13588 + 27841 )/ 2 )
=628/20714.5
=3.03 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 12878 + 1970) - (700 + 0 + 580)
=13568

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14356 + 19312 + 1964) - (6381 + 0 + 1460)
=27791

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Properst Co's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=-135/1975
=-6.84 %

* 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.


Properst Co Operating Income Related Terms


Properst Co Operating Income Historical Data

* Premium members only.

The historical data trend for Properst Co'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.

Properst Co Operating Income Chart

Properst Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,128.00 2,558.00 3,057.00 3,334.00 3,247.00

Properst Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 964.00 1,395.00 -135.00 1,023.00
TSE:3236
76GF Score
Properst Co Ltd TSE:3236
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Properst Co 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円3,247 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 円3,247 Mil mean?
Properst Co (TSE:3236) has a Operating Income of 円3,247 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Properst Co and its competitors.
Is Properst Co's Operating Income too high?
Properst Co's current Operating Income is 円3,247 Mil. Overall, Properst Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Properst Co's Operating Income compare to competitors?
Properst Co's Operating Income of 円3,247 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Properst Co and its competitors. Properst Co's current Operating Income is 円3,247 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Properst Co stock overvalued right now?
Based on GuruFocus' analysis, Properst Co (TSE:3236) is currently considered Fairly Valued. The stock's GF Value™ is 円252.38, compared to a current price of 円273.00 — trading 8.2% above its estimated fair value. The current Operating Income is 円3,247 Mil. Properst Co's overall GF Score™ is 76/100 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 Properst Co (TSE:3236), the current Operating Income is 円3,247 Mil as of Feb. 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 Properst Co (TSE:3236) Overvalued in 2026?

Based on GuruFocus' analysis, Properst Co stock appears to be overvalued. The current stock price of 円273.00 is trading 8.2% above its estimated GF Value™ of 円252.38. GuruFocus considers Properst Co to be Fairly Valued.

Key valuation signals for TSE:3236:

  • Operating Income: 円3,247 Mil
  • GF Value™: 円252.38 vs. price of 円273.00 (8.2% above fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the TSE:3236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Properst Co Business Description

Address 1-10-10 Azabu-Juban, Minato-ku, Tokyo, JPN, 106-0045
Properst Co Ltd is a real estate developer. The company is engaged in the business of property of sale and development, rental property, and value-added property. The projects of the company include Shimogamuro project, nokata project, matsuan project, kikui town project, and nishikamo 2 project.
76GF Score

Get the complete analysis for TSE:3236

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

円273.00
Price
円252.38
GF Value