V-Zug Holding AG (XSWX:VZUG) Operating Income: CHF16.5 Mil (TTM As of Jun. 2026)

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XSWX:VZUG V-Zug Holding AG XSWX:VZUG
62 GF Score
Price CHF42.00
GF Value CHF52.76
Valuation Modestly Undervalued
! 4 Warning Signs
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What is V-Zug Holding AG Operating Income?

V-Zug Holding AG XSWX:VZUG 62 Operating Income is CHF16.5 Mil as of Jun. 2026. GuruFocus rates XSWX:VZUG with a GF Score™ of 62/100 and a GF Value™ of CHF52.76 (Modestly Undervalued). The stock has 4 warning signs investors should review.

V-Zug Holding AG's Operating Income for the six months ended in Jun. 2026 was CHF7.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was CHF16.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. V-Zug Holding AG's Operating Income for the six months ended in Jun. 2026 was CHF7.9 Mil. V-Zug Holding AG's Revenue for the six months ended in Jun. 2026 was CHF284.5 Mil. Therefore, V-Zug Holding AG's Operating Margin % for the quarter that ended in Jun. 2026 was 2.78%.

Warning Sign:

V-Zug Holding AG operating margin has been in a 5-year decline. The average rate of decline per year is -22.9%.

V-Zug Holding AG's 5-Year average Growth Rate for Operating Margin % was -22.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. V-Zug Holding AG's annualized ROC % for the quarter that ended in Jun. 2026 was 2.38%. V-Zug Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.20%.


V-Zug Holding AG  (XSWX:VZUG) Operating Income Explanation

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

V-Zug Holding AG's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=15.822 * ( 1 - 16.68% )/( (532.169 + 575.58)/ 2 )
=13.1828904/553.8745
=2.38 %

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))
=628.902 - 36.672 - ( 60.061 - max(0, 121.299 - 202.217+60.061))
=532.169

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

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

V-Zug Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17.298/( ( (393.31 + max(12.964, 0)) + (403.99 + max(12.534, 0)) )/ 2 )
=17.298/( ( 406.274 + 416.524 )/ 2 )
=17.298/411.399
=4.20 %

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)
=(44.131 + 89.542 + 0.59) - (36.672 + 0 + 84.627)
=12.964

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.714 + 97.545 + 0) - (32.729 + 0 + 108.996)
=12.534

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

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

V-Zug Holding AG's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=7.911/284.523
=2.78 %

* 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.


V-Zug Holding AG Operating Income Related Terms


V-Zug Holding AG Operating Income Historical Data

* Premium members only.

The historical data trend for V-Zug Holding AG'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.

V-Zug Holding AG Operating Income Chart

V-Zug Holding AG Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 63.54 10.29 16.78 25.30 11.58

V-Zug Holding AG Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 8.77 16.52 3.04 8.54 7.91
XSWX:VZUG
62GF Score
V-Zug Holding AG XSWX:VZUG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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V-Zug Holding AG 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF16.5 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 CHF16.5 Mil mean?
V-Zug Holding AG (XSWX:VZUG) has a Operating Income of CHF16.5 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on V-Zug Holding AG and its competitors.
Is V-Zug Holding AG's Operating Income too high?
V-Zug Holding AG's current Operating Income is CHF16.5 Mil. Overall, V-Zug Holding AG has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does V-Zug Holding AG's Operating Income compare to SN and SGI?
V-Zug Holding AG's Operating Income of CHF16.5 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances 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 V-Zug Holding AG and its competitors. V-Zug Holding AG's current Operating Income is CHF16.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V-Zug Holding AG stock overvalued right now?
Based on GuruFocus' analysis, V-Zug Holding AG (XSWX:VZUG) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF52.76, compared to a current price of CHF42.00 — trading 20.4% below its estimated fair value. The current Operating Income is CHF16.5 Mil. V-Zug Holding AG's overall GF Score™ is 62/100 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 V-Zug Holding AG (XSWX:VZUG), the current Operating Income is CHF16.5 Mil as of Jun. 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 V-Zug Holding AG (XSWX:VZUG) Overvalued in 2026?

Based on GuruFocus' analysis, V-Zug Holding AG stock appears to be undervalued. The current stock price of CHF42.00 is trading 20.4% below its estimated GF Value™ of CHF52.76. GuruFocus considers V-Zug Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:VZUG:

  • Operating Income: CHF16.5 Mil
  • GF Value™: CHF52.76 vs. price of CHF42.00 (20.4% below fair value)
  • GF Score™: 62/100 with 4 warning signs

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


V-Zug Holding AG Business Description

Other Exchanges VZUGz:UK
Address Industriestrasse 66, Zug, CHE, 6300
V-Zug Holding AG is a manufacturer of household appliances, manufacturing products mainly for the kitchen and laundry room. Its product portfolio comprises ovens and cookers, dishwashers, refrigerators, microwaves, washing machines, dryers, and range hoods, among others. Its segments include Household Appliances, which derive maximum revenue, Real Estate, and Corporate. Geographically, the company generates maximum revenue from Switzerland, and the rest from Europe (excluding Switzerland), North America, Asia-Pacific, and other regions.
62GF Score

Get the complete analysis for XSWX:VZUG

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

CHF42.00
Price
CHF52.76
GF Value