Gamuda Bhd (XKLS:5398) Operating Income: RM1,241 Mil (TTM As of Apr. 2026)

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XKLS:5398 Gamuda Bhd XKLS:5398
83 GF Score
Price RM4.23
GF Value RM4.89
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Gamuda Bhd Operating Income?

Gamuda Bhd XKLS:5398 -0.70% 83 Operating Income is RM1,241 Mil as of Apr. 2026. GuruFocus rates XKLS:5398 with a GF Score™ of 83/100 and a GF Value™ of RM4.89 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Gamuda Bhd's Operating Income for the three months ended in Apr. 2026 was RM344 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was RM1,241 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Gamuda Bhd's Operating Income for the three months ended in Apr. 2026 was RM344 Mil. Gamuda Bhd's Revenue for the three months ended in Apr. 2026 was RM4,435 Mil. Therefore, Gamuda Bhd's Operating Margin % for the quarter that ended in Apr. 2026 was 7.75%.

Warning Sign:

Gamuda Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -4.7%.

Gamuda Bhd's 5-Year average Growth Rate for Operating Margin % was -4.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gamuda Bhd's annualized ROC % for the quarter that ended in Apr. 2026 was 4.49%. Gamuda Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 68.87%.


Gamuda Bhd  (XKLS:5398) Operating Income Explanation

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

Gamuda Bhd's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=1375.744 * ( 1 - 21.53% )/( (23901.669 + 24169.889)/ 2 )
=1079.5463168/24035.779
=4.49 %

where

Invested Capital(Q: Jan. 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))
=32467.596 - 5394.456 - ( 3171.471 - max(0, 11501.171 - 19693.747+3171.471))
=23901.669

Invested Capital(Q: Apr. 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))
=34738.56 - 6938.003 - ( 3630.668 - max(0, 12470.366 - 21630.883+3630.668))
=24169.889

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

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

Gamuda Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1747.888/( ( (1835.827 + max(825.258, 0)) + (1855.743 + max(559.267, 0)) )/ 2 )
=1747.888/( ( 2661.085 + 2415.01 )/ 2 )
=1747.888/2538.0475
=68.87 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2568.242 + 5387.464 + 30.581999999999) - (5394.456 + 0 + 1766.574)
=825.258

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3268.027 + 5583.574 + 19.076000000001) - (6938.003 + 0 + 1373.407)
=559.267

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

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

Gamuda Bhd's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=343.936/4435.379
=7.75 %

* 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.


Gamuda Bhd Operating Income Related Terms


Gamuda Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Gamuda Bhd'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.

Gamuda Bhd Operating Income Chart

Gamuda Bhd Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 306.26 446.68 694.79 945.88 1,314.38

Gamuda Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 202.12 329.45 260.65 306.95 343.94
XKLS:5398
83GF Score
Gamuda Bhd XKLS:5398
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Gamuda Bhd 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM1,241 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 RM1,241 Mil mean?
Gamuda Bhd (XKLS:5398) has a Operating Income of RM1,241 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Gamuda Bhd and its competitors.
Is Gamuda Bhd's Operating Income too high?
Gamuda Bhd's current Operating Income is RM1,241 Mil. Overall, Gamuda Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gamuda Bhd's Operating Income compare to PWR and FIX?
Gamuda Bhd's Operating Income of RM1,241 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Gamuda Bhd and its competitors. Gamuda Bhd's current Operating Income is RM1,241 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gamuda Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gamuda Bhd (XKLS:5398) is currently considered Modestly Undervalued. The stock's GF Value™ is RM4.89, compared to a current price of RM4.23 — trading 13.5% below its estimated fair value. The current Operating Income is RM1,241 Mil. Gamuda Bhd's overall GF Score™ is 83/100 with 8 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 Gamuda Bhd (XKLS:5398), the current Operating Income is RM1,241 Mil as of Apr. 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 Gamuda Bhd (XKLS:5398) Overvalued in 2026?

Based on GuruFocus' analysis, Gamuda Bhd stock appears to be undervalued. The current stock price of RM4.23 is trading 13.5% below its estimated GF Value™ of RM4.89. GuruFocus considers Gamuda Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5398:

  • Operating Income: RM1,241 Mil
  • GF Value™: RM4.89 vs. price of RM4.23 (13.5% below fair value)
  • GF Score™: 83/100 with 8 warning signs

No single metric tells the full story. See the XKLS:5398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gamuda Bhd Business Description

Address No. 8, Jalan PJU8/8A, Menara Gamuda, D-16-01, Block D, PJ Trade Centre, Bandar Damansara Perdana, Petaling Jaya, SGR, MYS, 47820
Gamuda Bhd is principally into investment holding and civil engineering construction. The company's business activities include: Engineering and Construction, Property Development, Renewable Energy, and Technology and Digitalisation. Its reportable segments are: (i) Engineering and construction-the construction of highways and bridges, airfield facilities, railway, tunnel, water treatment plants, dams, general and trading services related to construction activities and the management of water supply; and (ii) Property development and club operations - the development of residential and commercial properties and club operations. The majority of the revenue is generated from the Engineering and Construction segment.
83GF Score

Get the complete analysis for XKLS:5398

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

RM4.23
Price
RM4.89
GF Value