Euro-Tax pl (WAR:ETX) Operating Income: zł3.83 Mil (TTM As of Mar. 2026)

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WAR:ETX Euro-Tax pl SA WAR:ETX
87 GF Score
Price zł3.48
GF Value zł4.11
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Euro-Tax pl Operating Income?

Euro-Tax pl WAR:ETX +3.57% 87 Operating Income is zł3.83 Mil as of Mar. 2026. GuruFocus rates WAR:ETX with a GF Score™ of 87/100 and a GF Value™ of zł4.11 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Euro-Tax pl's Operating Income for the three months ended in Mar. 2026 was zł0.16 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł3.83 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Euro-Tax pl's Operating Income for the three months ended in Mar. 2026 was zł0.16 Mil. Euro-Tax pl's Revenue for the three months ended in Mar. 2026 was zł8.00 Mil. Therefore, Euro-Tax pl's Operating Margin % for the quarter that ended in Mar. 2026 was 1.94%.

Good Sign:

Euro-Tax pl SA operating margin is expanding. Margin expansion is usually a good sign.

Euro-Tax pl's 5-Year average Growth Rate for Operating Margin % was 21.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Euro-Tax pl's annualized ROC % for the quarter that ended in Mar. 2026 was 2.11%. Euro-Tax pl's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.16%.


Euro-Tax pl  (WAR:ETX) Operating Income Explanation

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

Euro-Tax pl'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 )
=0.62 * ( 1 - 76.81% )/( (5.667 + 7.957)/ 2 )
=0.143778/6.812
=2.11 %

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:

Euro-Tax pl'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 )
=0.908/( ( (1.849 + max(-13.919, 0)) + (1.922 + max(-14.761, 0)) )/ 2 )
=0.908/( ( 1.849 + 1.922 )/ 2 )
=0.908/1.8855
=48.16 %

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)
=(1.376 + 0 + 0.195) - (14.633 + 0 + 0.857)
=-13.919

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.667 + 0 + 0.208) - (12.641 + 0 + 2.995)
=-14.761

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 %:

Euro-Tax pl'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 )
=0.155/8.004
=1.94 %

* 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.


Euro-Tax pl Operating Income Related Terms


Euro-Tax pl Operating Income Historical Data

* Premium members only.

The historical data trend for Euro-Tax pl'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.

Euro-Tax pl Operating Income Chart

Euro-Tax pl 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 2.31 2.73 4.36 1.10 2.97

Euro-Tax pl 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 -0.48 -1.12 2.63 2.16 0.16
WAR:ETX
87GF Score
Euro-Tax pl SA WAR:ETX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Euro-Tax pl 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 zł3.83 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 zł3.83 Mil mean?
Euro-Tax pl (WAR:ETX) has a Operating Income of zł3.83 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Euro-Tax pl and its competitors.
Is Euro-Tax pl's Operating Income too high?
Euro-Tax pl's current Operating Income is zł3.83 Mil. Overall, Euro-Tax pl has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Euro-Tax pl's Operating Income compare to ROL and SCI?
Euro-Tax pl's Operating Income of zł3.83 Mil can be compared against companies in the Personal Services 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 Personal Services company?
A good Operating Income depends on the Personal Services 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 Euro-Tax pl and its competitors. Euro-Tax pl's current Operating Income is zł3.83 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euro-Tax pl stock overvalued right now?
Based on GuruFocus' analysis, Euro-Tax pl (WAR:ETX) is currently considered Modestly Undervalued. The stock's GF Value™ is zł4.11, compared to a current price of zł3.48 — trading 15.3% below its estimated fair value. The current Operating Income is zł3.83 Mil. Euro-Tax pl's overall GF Score™ is 87/100 with 6 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 Euro-Tax pl (WAR:ETX), the current Operating Income is zł3.83 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 Euro-Tax pl (WAR:ETX) Overvalued in 2026?

Based on GuruFocus' analysis, Euro-Tax pl stock appears to be undervalued. The current stock price of zł3.48 is trading 15.3% below its estimated GF Value™ of zł4.11. GuruFocus considers Euro-Tax pl to be Modestly Undervalued.

Key valuation signals for WAR:ETX:

  • Operating Income: zł3.83 Mil
  • GF Value™: zł4.11 vs. price of zł3.48 (15.3% below fair value)
  • GF Score™: 87/100 with 6 warning signs

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


Euro-Tax pl Business Description

Address Ulica Szelagowska 25/2-3, Poznan, POL, 61-626
Euro-Tax pl SA is a financial service provider for the polish emigrants. The company offers tax assessment and repayment services through recruitment and employment agencies. It also invests in the development of IT systems and the improvement of customer service processes.
87GF Score

Get the complete analysis for WAR:ETX

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

zł3.48
Price
zł4.11
GF Value