WOSGF (Watches of Switzerland Group) Operating Income: $227 Mil (TTM As of Oct. 2025)


WOSGF Watches of Switzerland Group PLC WOSGF
85 GF Score
Price $9.83
GF Value $7.30
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Watches of Switzerland Group Operating Income?

Watches of Switzerland Group WOSGF +0.89% 85 Operating Income is $227 Mil as of Oct. 2025. GuruFocus rates WOSGF with a GF Score™ of 85/100 and a GF Value™ of $7.30 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Watches of Switzerland Group's Operating Income for the six months ended in Oct. 2025 was $105 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2025 was $227 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Watches of Switzerland Group's Operating Income for the six months ended in Oct. 2025 was $105 Mil. Watches of Switzerland Group's Revenue for the six months ended in Oct. 2025 was $1,128 Mil. Therefore, Watches of Switzerland Group's Operating Margin % for the quarter that ended in Oct. 2025 was 9.29%.

Good Sign:

Watches of Switzerland Group PLC operating margin is expanding. Margin expansion is usually a good sign.

Watches of Switzerland Group's 5-Year average Growth Rate for Operating Margin % was 2.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Watches of Switzerland Group's annualized ROC % for the quarter that ended in Oct. 2025 was 9.35%. Watches of Switzerland Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was 18.98%.


Watches of Switzerland Group  (OTCPK:WOSGF) Operating Income Explanation

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

Watches of Switzerland Group's annualized ROC % for the quarter that ended in Oct. 2025 is calculated as:

ROC % (Q: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2025 ) + Invested Capital (Q: Oct. 2025 ))/ count )
=209.612 * ( 1 - 27.09% )/( (1658.081 + 1610.28)/ 2 )
=152.8281092/1634.1805
=9.35 %

where

Invested Capital(Q: Apr. 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))
=1939.028 - 176.216 - ( 104.731 - max(0, 412.352 - 802.76+104.731))
=1658.081

Invested Capital(Q: Oct. 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))
=2008.011 - 338.585 - ( 59.146 - max(0, 419.626 - 822.964+59.146))
=1610.28

Note: The Operating Income data used here is two times the semi-annual (Oct. 2025) data.

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

Watches of Switzerland Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2025  Q: Oct. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=213.886/( ( (724.047 + max(340.211, 0)) + (766.489 + max(422.83, 0)) )/ 2 )
=213.886/( ( 1064.258 + 1189.319 )/ 2 )
=213.886/1126.7885
=18.98 %

where Working Capital is:

Working Capital(Q: Apr. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.576 + 587.911 + 48.489) - (176.216 + 0 + 162.549)
=340.211

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.884 + 671.295 + 29.639) - (338.585 + 0 + 2.403)
=422.83

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Oct. 2025) EBIT data.

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

Watches of Switzerland Group's Operating Margin % for the quarter that ended in Oct. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Oct. 2025 )/Revenue (Q: Oct. 2025 )
=104.806/1128.304
=9.29 %

* 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.


Watches of Switzerland Group Operating Income Related Terms


Watches of Switzerland Group Operating Income Historical Data

* Premium members only.

The historical data trend for Watches of Switzerland Group'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.

Watches of Switzerland Group Operating Income Chart

Watches of Switzerland Group Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 128.67 185.90 222.67 190.74 220.24

Watches of Switzerland Group Semi-Annual Data
Apr16 Apr17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 99.51 88.49 96.87 122.60 104.81
WOSGF
85GF Score
Watches of Switzerland Group PLC WOSGF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Watches of Switzerland Group 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 Oct. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $227 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 $227 Mil mean?
Watches of Switzerland Group (WOSGF) has a Operating Income of $227 Mil as of Oct. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Watches of Switzerland Group and its competitors.
Is Watches of Switzerland Group's Operating Income too high?
Watches of Switzerland Group's current Operating Income is $227 Mil. Overall, Watches of Switzerland Group has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Watches of Switzerland Group's Operating Income compare to TPR and SIG?
Watches of Switzerland Group's Operating Income of $227 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Watches of Switzerland Group and its competitors. Watches of Switzerland Group's current Operating Income is $227 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watches of Switzerland Group stock overvalued right now?
Based on GuruFocus' analysis, Watches of Switzerland Group (WOSGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.30, compared to a current price of $9.83 — trading 34.6% above its estimated fair value. The current Operating Income is $227 Mil. Watches of Switzerland Group's overall GF Score™ is 85/100 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 Watches of Switzerland Group (WOSGF), the current Operating Income is $227 Mil as of Oct. 2025. 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 Watches of Switzerland Group (WOSGF) Overvalued in 2026?

Based on GuruFocus' analysis, Watches of Switzerland Group stock appears to be overvalued. The current stock price of $9.83 is trading 34.6% above its estimated GF Value™ of $7.30. GuruFocus considers Watches of Switzerland Group to be Significantly Overvalued.

Key valuation signals for WOSGF:

  • Operating Income: $227 Mil
  • GF Value™: $7.30 vs. price of $9.83 (34.6% above fair value)
  • GF Score™: 85/100 with 5 warning signs

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


Watches of Switzerland Group Business Description

Other Exchanges WOSGl:UKWOSG:UK5WS:Germany
Address 2 Elland Road, Aurum House, Braunstone, Leicester, GBR, LE3 1TT
Watches of Switzerland Group PLC is a retailer of luxury watches and jewellerys in the United Kingdom. Other than luxury watch offerings, the company also offers luxury jewellery, fashion, and classic watches and a range of watch and jewellery aftercare services. The company's geographical segments are the United Kingdom and Europe, and the United States, of which the majority of the revenue comes from the United Kingdom and Europe segment.
85GF Score

Get the complete analysis for WOSGF

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

$9.83
Price
$7.30
GF Value