Artifex Mundi (WAR:ART) Operating Income: zł22.89 Mil (TTM As of Mar. 2026)


WAR:ART Artifex Mundi SA WAR:ART
96 GF Score
Price zł22.15
GF Value zł19.64
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Artifex Mundi Operating Income?

Artifex Mundi WAR:ART +0.91% 96 Operating Income is zł22.89 Mil as of Mar. 2026. GuruFocus rates WAR:ART with a GF Score™ of 96/100 and a GF Value™ of zł19.64 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Artifex Mundi's Operating Income for the three months ended in Mar. 2026 was zł6.10 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł22.89 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Artifex Mundi's Operating Income for the three months ended in Mar. 2026 was zł6.10 Mil. Artifex Mundi's Revenue for the three months ended in Mar. 2026 was zł24.72 Mil. Therefore, Artifex Mundi's Operating Margin % for the quarter that ended in Mar. 2026 was 24.66%.

Warning Sign:

Artifex Mundi SA operating margin has been in a 5-year decline. The average rate of decline per year is -10.8%.

Artifex Mundi's 5-Year average Growth Rate for Operating Margin % was -10.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Artifex Mundi's annualized ROC % for the quarter that ended in Mar. 2026 was 17.98%. Artifex Mundi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.51%.

Artifex Mundi  (WAR:ART) Operating Income Explanation

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

Artifex Mundi'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 )
=24.384 * ( 1 - 9.31% )/( (119.998 + 126.048)/ 2 )
=22.1138496/123.023
=17.98 %

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))
=156.701 - 7.065 - ( 29.638 - max(0, 17.199 - 145.47+29.638))
=119.998

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))
=161.97 - 8.368 - ( 27.554 - max(0, 16.961 - 151.142+27.554))
=126.048

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

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

Artifex Mundi'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 )
=23.46/( ( (7.36 + max(97.71, 0)) + (6.998 + max(106.05, 0)) )/ 2 )
=23.46/( ( 105.07 + 113.048 )/ 2 )
=23.46/109.059
=21.51 %

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)
=(11.488 + 100.533 + 2.219) - (7.065 + 0 + 9.465)
=97.71

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.616 + 107.414 + 1.288) - (8.368 + 0 + 7.9)
=106.05

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 %:

Artifex Mundi'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 )
=6.096/24.721
=24.66 %

* 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.

Artifex Mundi Operating Income Related Terms

Artifex Mundi Operating Income Historical Data

* Premium members only.

The historical data trend for Artifex Mundi'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.

Artifex Mundi Operating Income Chart

Artifex Mundi 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 15.10 9.82 23.88 29.53 24.37

Artifex Mundi 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 7.62 5.28 5.58 5.93 6.10
WAR:ART
96GF Score
Artifex Mundi SA WAR:ART
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artifex Mundi 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 zł22.89 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 zł22.89 Mil mean?
Artifex Mundi (WAR:ART) has a Operating Income of zł22.89 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Artifex Mundi and its competitors.
Is Artifex Mundi's Operating Income too high?
Artifex Mundi's current Operating Income is zł22.89 Mil. Overall, Artifex Mundi has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Artifex Mundi's Operating Income compare to NTES and EA?
Artifex Mundi's Operating Income of zł22.89 Mil can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Operating Income depends on the Interactive Media 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 Artifex Mundi and its competitors. Artifex Mundi's current Operating Income is zł22.89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artifex Mundi stock overvalued right now?
Based on GuruFocus' analysis, Artifex Mundi (WAR:ART) is currently considered Modestly Overvalued. The stock's GF Value™ is zł19.64, compared to a current price of zł22.15 — trading 12.8% above its estimated fair value. The current Operating Income is zł22.89 Mil. Artifex Mundi's overall GF Score™ is 96/100 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 Artifex Mundi (WAR:ART), the current Operating Income is zł22.89 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 Artifex Mundi (WAR:ART) Overvalued in 2026?

Based on GuruFocus' analysis, Artifex Mundi stock appears to be overvalued. The current stock price of zł22.15 is trading 12.8% above its estimated GF Value™ of zł19.64. GuruFocus considers Artifex Mundi to be Modestly Overvalued.

Key valuation signals for WAR:ART:

  • Operating Income: zł22.89 Mil
  • GF Value™: zł19.64 vs. price of zł22.15 (12.8% above fair value)
  • GF Score™: 96/100 with 9 warning signs

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

Artifex Mundi Business Description

Address Michala Archaniola 10, Zabrze, POL, 41-800
Artifex Mundi SA is a producer, co-producer and publisher of games for platforms including Android, iOS, Windows Phone, PC, Mac, Linux, Xbox One and PlayStation 4. Its business segments include Game segment premium, which includes the production of games monetyzowanych model try-before- you-buy and publishing activities and investment in the field of games monetyzowanych model try-before- you-buy.
96GF Score

Get the complete analysis for WAR:ART

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

zł22.15
Price
zł19.64
GF Value