Pan Jamaica Group (XJAM:PJAM) Operating Income: JMD3,589 Mil (TTM As of Mar. 2026)

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XJAM:PJAM Pan Jamaica Group Ltd XJAM:PJAM
93 GF Score
Price JMD45.50
GF Value JMD63.48
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Pan Jamaica Group Operating Income?

Pan Jamaica Group XJAM:PJAM +0.60% 93 Operating Income is JMD3,589 Mil as of Mar. 2026. GuruFocus rates XJAM:PJAM with a GF Score™ of 93/100 and a GF Value™ of JMD63.48 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Pan Jamaica Group's Operating Income for the three months ended in Mar. 2026 was JMD734 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was JMD3,589 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pan Jamaica Group's Operating Income for the three months ended in Mar. 2026 was JMD734 Mil. Pan Jamaica Group's Revenue for the three months ended in Mar. 2026 was JMD11,130 Mil. Therefore, Pan Jamaica Group's Operating Margin % for the quarter that ended in Mar. 2026 was 6.60%.

Pan Jamaica Group'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. Pan Jamaica Group's annualized ROC % for the quarter that ended in Mar. 2026 was 1.88%. Pan Jamaica Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.74%.


Pan Jamaica Group  (XJAM:PJAM) Operating Income Explanation

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

Pan Jamaica Group'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 )
=2936.34 * ( 1 - 12.93% )/( (137516.964 + 135113.763)/ 2 )
=2556.671238/136315.3635
=1.88 %

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))
=153239.172 - 3766.322 - ( 11955.886 - max(0, 4189.166 - 31891.874+11955.886))
=137516.964

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))
=151679.738 - 7779.261 - ( 8786.714 - max(0, 7779.261 - 21235.266+8786.714))
=135113.763

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

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

Pan Jamaica Group'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 )
=6315.84/( ( (54056.368 + max(4739.554, 0)) + (54157.101 + max(4669.291, 0)) )/ 2 )
=6315.84/( ( 58795.922 + 58826.392 )/ 2 )
=6315.84/58811.157
=10.74 %

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)
=(3931.2 + 3467.045 + 1205.509) - (3766.322 + 0 + 97.878)
=4739.554

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8844.444 + 2923.648 + 680.46) - (7779.261 + 0 + 0)
=4669.291

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 %:

Pan Jamaica Group'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 )
=734.085/11130.129
=6.60 %

* 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.


Pan Jamaica Group Operating Income Related Terms


Pan Jamaica Group Operating Income Historical Data

* Premium members only.

The historical data trend for Pan Jamaica 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.

Pan Jamaica Group Operating Income Chart

Pan Jamaica Group 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 1,991.14 -783.15 1,484.24 2,859.61 3,619.87

Pan Jamaica Group 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 764.90 1,160.09 1,074.72 620.16 734.09
XJAM:PJAM
93GF Score
Pan Jamaica Group Ltd XJAM:PJAM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pan Jamaica 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was JMD3,589 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 JMD3,589 Mil mean?
Pan Jamaica Group (XJAM:PJAM) has a Operating Income of JMD3,589 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pan Jamaica Group and its competitors.
Is Pan Jamaica Group's Operating Income too high?
Pan Jamaica Group's current Operating Income is JMD3,589 Mil. Overall, Pan Jamaica Group has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pan Jamaica Group's Operating Income compare to KO and PEP?
Pan Jamaica Group's Operating Income of JMD3,589 Mil can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Operating Income depends on the Beverages - Non-Alcoholic 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 Pan Jamaica Group and its competitors. Pan Jamaica Group's current Operating Income is JMD3,589 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Jamaica Group stock overvalued right now?
Based on GuruFocus' analysis, Pan Jamaica Group (XJAM:PJAM) is currently considered Modestly Undervalued. The stock's GF Value™ is JMD63.48, compared to a current price of JMD45.50 — trading 28.3% below its estimated fair value. The current Operating Income is JMD3,589 Mil. Pan Jamaica Group's overall GF Score™ is 93/100 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 Pan Jamaica Group (XJAM:PJAM), the current Operating Income is JMD3,589 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 Pan Jamaica Group (XJAM:PJAM) Overvalued in 2026?

Based on GuruFocus' analysis, Pan Jamaica Group stock appears to be undervalued. The current stock price of JMD45.50 is trading 28.3% below its estimated GF Value™ of JMD63.48. GuruFocus considers Pan Jamaica Group to be Modestly Undervalued.

Key valuation signals for XJAM:PJAM:

  • Operating Income: JMD3,589 Mil
  • GF Value™: JMD63.48 vs. price of JMD45.50 (28.3% below fair value)
  • GF Score™: 93/100 with 6 warning signs

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


Pan Jamaica Group Business Description

Address 60 Knutsford Boulevard, Kingston, JAM, 5
Pan Jamaica Group Ltd is a Caribbean-based multinational holding company. It acquires, holds, and operates businesses in the Caribbean, Europe and the Americas. The company's business is divided into five segments: i) The Property and Infrastructure segment focuses on the development and management of real estate and related infrastructure. ii) The Financial Services segment provides products and services to institutional and individual investors. iii) The Global Services segment includes logistics-related operations. iv) The Specialty Foods segment is engaged in agriculture, processing, distribution and/or retail of food and drink. v) Corporate services, which comprises interest and investment income. The majority of the company's revenue is derived from the Specialty Foods segment.
93GF Score

Get the complete analysis for XJAM:PJAM

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

JMD45.50
Price
JMD63.48
GF Value