AB Spolka Akcyjna (WAR:ABE) Operating Income: zł314 Mil (TTM As of Mar. 2026)

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WAR:ABE AB Spolka Akcyjna WAR:ABE
90 GF Score
Price zł136.40
GF Value zł102.79
Valuation Significantly Overvalued
! 5 Warning Signs
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What is AB Spolka Akcyjna Operating Income?

AB Spolka Akcyjna WAR:ABE +1.79% 90 Operating Income is zł314 Mil as of Mar. 2026. GuruFocus rates WAR:ABE with a GF Score™ of 90/100 and a GF Value™ of zł102.79 (Significantly Overvalued). The stock has 5 warning signs investors should review.

AB Spolka Akcyjna's Operating Income for the three months ended in Mar. 2026 was zł59 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł314 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AB Spolka Akcyjna's Operating Income for the three months ended in Mar. 2026 was zł59 Mil. AB Spolka Akcyjna's Revenue for the three months ended in Mar. 2026 was zł3,506 Mil. Therefore, AB Spolka Akcyjna's Operating Margin % for the quarter that ended in Mar. 2026 was 1.70%.

Good Sign:

AB Spolka Akcyjna operating margin is expanding. Margin expansion is usually a good sign.

AB Spolka Akcyjna's 5-Year average Growth Rate for Operating Margin % was 11.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AB Spolka Akcyjna's annualized ROC % for the quarter that ended in Mar. 2026 was 7.93%. AB Spolka Akcyjna's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.51%.


AB Spolka Akcyjna  (WAR:ABE) Operating Income Explanation

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

AB Spolka Akcyjna'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 )
=237.908 * ( 1 - 23.22% )/( (2194.969 + 2414.289)/ 2 )
=182.6657624/2304.629
=7.93 %

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))
=4802.745 - 2336.646 - ( 271.13 - max(0, 3039.079 - 4466.4+271.13))
=2194.969

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))
=4538.892 - 2071.593 - ( 53.01 - max(0, 2934.944 - 4205.606+53.01))
=2414.289

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

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

AB Spolka Akcyjna'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 )
=253.08/( ( (144.276 + max(1455.778, 0)) + (142.374 + max(1520.788, 0)) )/ 2 )
=253.08/( ( 1600.054 + 1663.162 )/ 2 )
=253.08/1631.608
=15.51 %

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)
=(2238.509 + 1940.298 + 16.463) - (2336.646 + 0 + 402.846)
=1455.778

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1324.036 + 2785.632 + 21.755999999999) - (2071.593 + 0 + 539.043)
=1520.788

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 %:

AB Spolka Akcyjna'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 )
=59.477/3505.615
=1.70 %

* 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.


AB Spolka Akcyjna Operating Income Related Terms


AB Spolka Akcyjna Operating Income Historical Data

* Premium members only.

The historical data trend for AB Spolka Akcyjna'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.

AB Spolka Akcyjna Operating Income Chart

AB Spolka Akcyjna Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 171.05 215.25 270.33 280.56 273.35

AB Spolka Akcyjna Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 50.99 53.66 67.32 133.41 59.48
WAR:ABE
90GF Score
AB Spolka Akcyjna WAR:ABE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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AB Spolka Akcyjna 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 zł314 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 zł314 Mil mean?
AB Spolka Akcyjna (WAR:ABE) has a Operating Income of zł314 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AB Spolka Akcyjna and its competitors.
Is AB Spolka Akcyjna's Operating Income too high?
AB Spolka Akcyjna's current Operating Income is zł314 Mil. Overall, AB Spolka Akcyjna has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AB Spolka Akcyjna's Operating Income compare to SNX and ARW?
AB Spolka Akcyjna's Operating Income of zł314 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 AB Spolka Akcyjna and its competitors. AB Spolka Akcyjna's current Operating Income is zł314 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AB Spolka Akcyjna stock overvalued right now?
Based on GuruFocus' analysis, AB Spolka Akcyjna (WAR:ABE) is currently considered Significantly Overvalued. The stock's GF Value™ is zł102.79, compared to a current price of zł136.40 — trading 32.7% above its estimated fair value. The current Operating Income is zł314 Mil. AB Spolka Akcyjna's overall GF Score™ is 90/100 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 AB Spolka Akcyjna (WAR:ABE), the current Operating Income is zł314 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 AB Spolka Akcyjna (WAR:ABE) Overvalued in 2026?

Based on GuruFocus' analysis, AB Spolka Akcyjna stock appears to be overvalued. The current stock price of zł136.40 is trading 32.7% above its estimated GF Value™ of zł102.79. GuruFocus considers AB Spolka Akcyjna to be Significantly Overvalued.

Key valuation signals for WAR:ABE:

  • Operating Income: zł314 Mil
  • GF Value™: zł102.79 vs. price of zł136.40 (32.7% above fair value)
  • GF Score™: 90/100 with 5 warning signs

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


AB Spolka Akcyjna Business Description

Other Exchanges 8B6:Germany
Address ul. Europejska 4, Magnice, POL, 55-040
AB Spolka Akcyjna is a Poland-based company that operates as a distributor of IT and consumer electronics. The company distributes consumer electronics and equipment connected with mobile telephony, expands its portfolio of products. The group also trades in household appliances, toys, telephone products, and digital terrestrial televisions; and provides cloud computing solutions and other services, and logistics services. In addition, it manufactures personal computers; and engages in retail trade activities. Geographically its business presence can be seen in the region of Poland, the Czech Republic, and Slovakia.
90GF Score

Get the complete analysis for WAR:ABE

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

zł136.40
Price
zł102.79
GF Value