eREX Co (TSE:9517) Operating Income: 円6,697 Mil (TTM As of Mar. 2026)

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TSE:9517 eREX Co Ltd TSE:9517
54 GF Score
Price 円828.00
GF Value 円490.18
Valuation Significantly Overvalued
! 4 Warning Signs
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What is eREX Co Operating Income?

eREX Co TSE:9517 -4.17% 54 Operating Income is 円6,697 Mil as of Mar. 2026. GuruFocus rates TSE:9517 with a GF Score™ of 54/100 and a GF Value™ of 円490.18 (Significantly Overvalued). The stock has 4 warning signs investors should review.

eREX Co's Operating Income for the three months ended in Mar. 2026 was 円2,864 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円6,697 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. eREX Co's Operating Income for the three months ended in Mar. 2026 was 円2,864 Mil. eREX Co's Revenue for the three months ended in Mar. 2026 was 円41,191 Mil. Therefore, eREX Co's Operating Margin % for the quarter that ended in Mar. 2026 was 6.95%.

eREX Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. eREX Co's annualized ROC % for the quarter that ended in Mar. 2026 was 4.68%. eREX Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.47%.


eREX Co  (TSE:9517) Operating Income Explanation

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

eREX Co'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 )
=11456 * ( 1 - 48.87% )/( (115902 + 134445)/ 2 )
=5857.4528/125173.5
=4.68 %

where

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

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

eREX Co'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 )
=13392/( ( (37332 + max(14041, 0)) + (44748 + max(9025, 0)) )/ 2 )
=13392/( ( 51373 + 53773 )/ 2 )
=13392/52573
=25.47 %

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)
=(30267 + 3297 + 2498) - (16552 + 0 + 5469)
=14041

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27647 + 2545 + 2821) - (16168 + 0 + 7820)
=9025

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 %:

eREX Co'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 )
=2864/41191
=6.95 %

* 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.


eREX Co Operating Income Related Terms


eREX Co Operating Income Historical Data

* Premium members only.

The historical data trend for eREX 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.

eREX Co Operating Income Chart

eREX Co 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 12,499.00 14,824.00 -21,948.00 7,138.00 7,519.00

eREX Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1,453.00 2,169.00 1,033.00 2,864.00 631.00
TSE:9517
54GF Score
eREX Co Ltd TSE:9517
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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eREX 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円6,697 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6,697 Mil mean?
eREX Co (TSE:9517) has a Operating Income of 円6,697 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on eREX Co and its competitors.
Is eREX Co's Operating Income too high?
eREX Co's current Operating Income is 円6,697 Mil. Overall, eREX Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does eREX Co's Operating Income compare to competitors?
eREX Co's Operating Income of 円6,697 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 eREX Co and its competitors. eREX Co's current Operating Income is 円6,697 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eREX Co stock overvalued right now?
Based on GuruFocus' analysis, eREX Co (TSE:9517) is currently considered Significantly Overvalued. The stock's GF Value™ is 円490.18, compared to a current price of 円828.00 — trading 68.9% above its estimated fair value. The current Operating Income is 円6,697 Mil. eREX Co's overall GF Score™ is 54/100 with 4 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 eREX Co (TSE:9517), the current Operating Income is 円6,697 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 eREX Co (TSE:9517) Overvalued in 2026?

Based on GuruFocus' analysis, eREX Co stock appears to be overvalued. The current stock price of 円828.00 is trading 68.9% above its estimated GF Value™ of 円490.18. GuruFocus considers eREX Co to be Significantly Overvalued.

Key valuation signals for TSE:9517:

  • Operating Income: 円6,697 Mil
  • GF Value™: 円490.18 vs. price of 円828.00 (68.9% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the TSE:9517 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


eREX Co Business Description

Other Exchanges 6HF:Germany
Address 2-2-1 Kyobashi, 14th Floor, Kyobashi Edglan, Chuo-ku, Tokyo, JPN, 104-0031
eREX Co Ltd is a holding company that engages in the electrical power business. Its services include retail sales of power, power market transactions, and power development. In its electric power retail business, it involves in the retail of electric power at an inexpensive price than electric utilities. In its power supplies development business, it involves the planning, design, and construction of power-generating equipment.
54GF Score

Get the complete analysis for TSE:9517

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

円828.00
Price
円490.18
GF Value