Grupo ElektraB de CV (XMAD:XEKT) Operating Income: €833 Mil (TTM As of Mar. 2026)

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XMAD:XEKT Grupo Elektra SAB de CV XMAD:XEKT
12 GF Score
Price €17.00
GF Value €62.18
! 4 Warning Signs
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What is Grupo ElektraB de CV Operating Income?

Grupo ElektraB de CV XMAD:XEKT 12 Operating Income is €833 Mil as of Mar. 2026. GuruFocus rates XMAD:XEKT with a GF Score™ of 12/100 and a GF Value™ of €62.18. The stock has 4 warning signs investors should review.

Grupo ElektraB de CV's Operating Income for the three months ended in Mar. 2026 was €201 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €833 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Grupo ElektraB de CV's Operating Income for the three months ended in Mar. 2026 was €201 Mil. Grupo ElektraB de CV's Revenue for the three months ended in Mar. 2026 was €2,389 Mil. Therefore, Grupo ElektraB de CV's Operating Margin % for the quarter that ended in Mar. 2026 was 8.40%.

Good Sign:

Grupo Elektra SAB de CV operating margin is expanding. Margin expansion is usually a good sign.

Grupo ElektraB de CV's 5-Year average Growth Rate for Operating Margin % was 30.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grupo ElektraB de CV's annualized ROC % for the quarter that ended in Mar. 2026 was 1.95%. Grupo ElektraB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.25%.


Grupo ElektraB de CV  (XMAD:XEKT) Operating Income Explanation

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

Grupo ElektraB de CV'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 )
=802.34 * ( 1 - 43.87% )/( (20923.685 + 25156.828)/ 2 )
=450.353442/23040.2565
=1.95 %

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))
=23846.425 - 5131.614 - ( 8276.027 - max(0, 18278.17 - 16069.296+8276.027))
=20923.685

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))
=23525.097 - 1093.05 - ( 8342.14 - max(0, 18312.995 - 15588.214+8342.14))
=25156.828

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

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

Grupo ElektraB de CV'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 )
=805.288/( ( (1494.293 + max(-15415.969, 0)) + (1484.657 + max(3156.388, 0)) )/ 2 )
=805.288/( ( 1494.293 + 4641.045 )/ 2 )
=805.288/3067.669
=26.25 %

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)
=(214.238 + 805.614 + 1287.771) - (5131.614 + 0 + 12591.978)
=-15415.969

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4724.515 + 856.673 + 382.35) - (1093.05 + 0 + 1714.1)
=3156.388

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 %:

Grupo ElektraB de CV'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 )
=200.585/2388.955
=8.40 %

* 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.


Grupo ElektraB de CV Operating Income Related Terms


Grupo ElektraB de CV Operating Income Historical Data

* Premium members only.

The historical data trend for Grupo ElektraB de CV'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.

Grupo ElektraB de CV Operating Income Chart

Grupo ElektraB de CV 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 585.41 388.37 632.28 805.75 857.99

Grupo ElektraB de CV 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 205.69 170.42 205.52 256.81 200.59
XMAD:XEKT
12GF Score
Grupo Elektra SAB de CV XMAD:XEKT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupo ElektraB de CV 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 €833 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 €833 Mil mean?
Grupo ElektraB de CV (XMAD:XEKT) has a Operating Income of €833 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Grupo ElektraB de CV and its competitors.
Is Grupo ElektraB de CV's Operating Income too high?
Grupo ElektraB de CV's current Operating Income is €833 Mil. Overall, Grupo ElektraB de CV has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Grupo ElektraB de CV's Operating Income compare to FRHC and VOYA?
Grupo ElektraB de CV's Operating Income of €833 Mil can be compared against companies in the Diversified Financial 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 Diversified Financial Services company?
A good Operating Income depends on the Diversified Financial 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 Grupo ElektraB de CV and its competitors. Grupo ElektraB de CV's current Operating Income is €833 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo ElektraB de CV stock overvalued right now?
Grupo ElektraB de CV (XMAD:XEKT) has a current Operating Income of €833 Mil. The stock's GF Value™ is €62.18, compared to a current price of €17.00 — trading 72.7% below its estimated fair value. The current Operating Income is €833 Mil. Grupo ElektraB de CV's overall GF Score™ is 12/100 with 4 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 Grupo ElektraB de CV (XMAD:XEKT), the current Operating Income is €833 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 Grupo ElektraB de CV (XMAD:XEKT) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo ElektraB de CV stock appears to be undervalued. The current stock price of €17.00 is trading 72.7% below its estimated GF Value™ of €62.18.

Key valuation signals for XMAD:XEKT:

  • Operating Income: €833 Mil
  • GF Value™: €62.18 vs. price of €17.00 (72.7% below fair value)
  • GF Score™: 12/100 with 4 warning signs

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


Grupo ElektraB de CV Business Description

Address Av Ferrocarril de Rio Frio, N 419-CJ Col Fraccionamiento, Industrial del Moral, Mexico DF, MEX
Grupo Elektra SAB de CV is a Mexican specialty retailer and financial services provider. It operates in South and Central America and the United States. The firm's main customers are found at the base of the socioeconomic pyramid. The firm's operations are split into the commercial division and the financial division. The commercial division offers electronics, appliances, and furniture, among other things. The financial division includes Banco Azteca (Mexico, Guatemala, El Salvador, Honduras, Peru), Advance America (U.S.), Afore Azteca, Seguros Azteca, and Punto Casa de Bolsa.
12GF Score

Get the complete analysis for XMAD:XEKT

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

€17.00
Price
€62.18
GF Value