NIBE Industrier AB (XSWX:NIBEB) Operating Income: CHF359 Mil (TTM As of Mar. 2026)


XSWX:NIBEB NIBE Industrier AB XSWX:NIBEB
86 GF Score
Price CHF2.98
GF Value CHF3.76
Valuation Modestly Undervalued
! 6 Warning Signs
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What is NIBE Industrier AB Operating Income?

NIBE Industrier AB XSWX:NIBEB -1.97% 86 Operating Income is CHF359 Mil as of Mar. 2026. GuruFocus rates XSWX:NIBEB with a GF Score™ of 86/100 and a GF Value™ of CHF3.76 (Modestly Undervalued). The stock has 6 warning signs investors should review.

NIBE Industrier AB's Operating Income for the three months ended in Mar. 2026 was CHF74 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF359 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NIBE Industrier AB's Operating Income for the three months ended in Mar. 2026 was CHF74 Mil. NIBE Industrier AB's Revenue for the three months ended in Mar. 2026 was CHF815 Mil. Therefore, NIBE Industrier AB's Operating Margin % for the quarter that ended in Mar. 2026 was 9.02%.

Warning Sign:

NIBE Industrier AB operating margin has been in a 5-year decline. The average rate of decline per year is -11.4%.

NIBE Industrier AB's 5-Year average Growth Rate for Operating Margin % was -11.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NIBE Industrier AB's annualized ROC % for the quarter that ended in Mar. 2026 was 4.39%. NIBE Industrier AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.50%.


NIBE Industrier AB  (XSWX:NIBEB) Operating Income Explanation

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

NIBE Industrier AB'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 )
=294.06 * ( 1 - 25.33% )/( (4827.19 + 5186.166)/ 2 )
=219.574602/5006.678
=4.39 %

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))
=5578.343 - 283.14 - ( 468.013 - max(0, 1196.272 - 1856.532+468.013))
=4827.19

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))
=5651.505 - 0 - ( 465.339 - max(0, 1188.741 - 1896.341+465.339))
=5186.166

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

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

NIBE Industrier AB'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 )
=294.06/( ( (1064.648 + max(641.825, 0)) + (1084.299 + max(774.017, 0)) )/ 2 )
=294.06/( ( 1706.473 + 1858.316 )/ 2 )
=294.06/1782.3945
=16.50 %

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)
=(455.923 + 786.053 + 44.932) - (283.14 + 0 + 361.943)
=641.825

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(628.424 + 802.578 + 0) - (0 + 0 + 656.985)
=774.017

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 %:

NIBE Industrier AB'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 )
=73.515/815.421
=9.02 %

* 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.


NIBE Industrier AB Operating Income Related Terms


NIBE Industrier AB Operating Income Historical Data

* Premium members only.

The historical data trend for NIBE Industrier AB'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.

NIBE Industrier AB Operating Income Chart

NIBE Industrier AB 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 422.83 468.67 541.93 147.56 347.97

NIBE Industrier AB 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 68.19 80.40 96.75 108.04 73.52
XSWX:NIBEB
86GF Score
NIBE Industrier AB XSWX:NIBEB
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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NIBE Industrier AB 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 CHF359 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 CHF359 Mil mean?
NIBE Industrier AB (XSWX:NIBEB) has a Operating Income of CHF359 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on NIBE Industrier AB and its competitors.
Is NIBE Industrier AB's Operating Income too high?
NIBE Industrier AB's current Operating Income is CHF359 Mil. Overall, NIBE Industrier AB has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIBE Industrier AB's Operating Income compare to TT and JCI?
NIBE Industrier AB's Operating Income of CHF359 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 NIBE Industrier AB and its competitors. NIBE Industrier AB's current Operating Income is CHF359 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIBE Industrier AB stock overvalued right now?
Based on GuruFocus' analysis, NIBE Industrier AB (XSWX:NIBEB) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF3.76, compared to a current price of CHF2.98 — trading 20.7% below its estimated fair value. The current Operating Income is CHF359 Mil. NIBE Industrier AB's overall GF Score™ is 86/100 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 NIBE Industrier AB (XSWX:NIBEB), the current Operating Income is CHF359 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 NIBE Industrier AB (XSWX:NIBEB) Overvalued in 2026?

Based on GuruFocus' analysis, NIBE Industrier AB stock appears to be undervalued. The current stock price of CHF2.98 is trading 20.7% below its estimated GF Value™ of CHF3.76. GuruFocus considers NIBE Industrier AB to be Modestly Undervalued.

Key valuation signals for XSWX:NIBEB:

  • Operating Income: CHF359 Mil
  • GF Value™: CHF3.76 vs. price of CHF2.98 (20.7% below fair value)
  • GF Score™: 86/100 with 6 warning signs

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


NIBE Industrier AB Business Description

Address Hannabadsvagen 5, Box 14, Markaryd, SWE, SE- 285 21
NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.
86GF Score

Get the complete analysis for XSWX:NIBEB

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

CHF2.98
Price
CHF3.76
GF Value