Zublin Immobilien Holding AG (XSWX:ZUBN) Operating Income: CHF6.49 Mil (TTM As of Mar. 2026)

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XSWX:ZUBN Zublin Immobilien Holding AG XSWX:ZUBN
55 GF Score
Price CHF53.00
GF Value CHF31.86
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Zublin Immobilien Holding AG Operating Income?

Zublin Immobilien Holding AG XSWX:ZUBN 55 Operating Income is CHF6.49 Mil as of Mar. 2026. GuruFocus rates XSWX:ZUBN with a GF Score™ of 55/100 and a GF Value™ of CHF31.86 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Zublin Immobilien Holding AG's Operating Income for the six months ended in Mar. 2026 was CHF3.29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF6.49 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zublin Immobilien Holding AG's Operating Income for the six months ended in Mar. 2026 was CHF3.29 Mil. Zublin Immobilien Holding AG's Revenue for the six months ended in Mar. 2026 was CHF4.83 Mil. Therefore, Zublin Immobilien Holding AG's Operating Margin % for the quarter that ended in Mar. 2026 was 67.97%.

Good Sign:

Zublin Immobilien Holding AG operating margin is expanding. Margin expansion is usually a good sign.

Zublin Immobilien Holding AG's 5-Year average Growth Rate for Operating Margin % was 3.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zublin Immobilien Holding AG's annualized ROC % for the quarter that ended in Mar. 2026 was 2.07%. Zublin Immobilien Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10,329.27%.


Zublin Immobilien Holding AG  (XSWX:ZUBN) Operating Income Explanation

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

Zublin Immobilien Holding AG'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=6.57 * ( 1 - 16.46% )/( (243.628 + 286.013)/ 2 )
=5.488578/264.8205
=2.07 %

where

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

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

Zublin Immobilien Holding AG'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8.47/( ( (0.087 + max(-10.897, 0)) + (0.077 + max(-12.009, 0)) )/ 2 )
=8.47/( ( 0.087 + 0.077 )/ 2 )
=8.47/0.082
=10,329.27 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.019 + 0 + 1.862) - (9.861 + 0 + 2.917)
=-10.897

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.047 + 0 + 1.471) - (9.744 + 0 + 3.783)
=-12.009

When net working capital is negative, 0 is used.

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

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

Zublin Immobilien Holding AG'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 )
=3.285/4.833
=67.97 %

* 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.


Zublin Immobilien Holding AG Operating Income Related Terms


Zublin Immobilien Holding AG Operating Income Historical Data

* Premium members only.

The historical data trend for Zublin Immobilien 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.

Zublin Immobilien Holding AG Operating Income Chart

Zublin Immobilien Holding AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.66 5.95 6.23 6.53 6.49

Zublin Immobilien Holding AG Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 2.98 3.27 3.26 3.20 3.29
XSWX:ZUBN
55GF Score
Zublin Immobilien Holding AG XSWX:ZUBN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zublin Immobilien 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF6.49 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 CHF6.49 Mil mean?
Zublin Immobilien Holding AG (XSWX:ZUBN) has a Operating Income of CHF6.49 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zublin Immobilien Holding AG and its competitors.
Is Zublin Immobilien Holding AG's Operating Income too high?
Zublin Immobilien Holding AG's current Operating Income is CHF6.49 Mil. Overall, Zublin Immobilien Holding AG has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zublin Immobilien Holding AG's Operating Income compare to CBRE and BEKE?
Zublin Immobilien Holding AG's Operating Income of CHF6.49 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Zublin Immobilien Holding AG and its competitors. Zublin Immobilien Holding AG's current Operating Income is CHF6.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zublin Immobilien Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Zublin Immobilien Holding AG (XSWX:ZUBN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF31.86, compared to a current price of CHF53.00 — trading 66.4% above its estimated fair value. The current Operating Income is CHF6.49 Mil. Zublin Immobilien Holding AG's overall GF Score™ is 55/100 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 Zublin Immobilien Holding AG (XSWX:ZUBN), the current Operating Income is CHF6.49 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 Zublin Immobilien Holding AG (XSWX:ZUBN) Overvalued in 2026?

Based on GuruFocus' analysis, Zublin Immobilien Holding AG stock appears to be overvalued. The current stock price of CHF53.00 is trading 66.4% above its estimated GF Value™ of CHF31.86. GuruFocus considers Zublin Immobilien Holding AG to be Significantly Overvalued.

Key valuation signals for XSWX:ZUBN:

  • Operating Income: CHF6.49 Mil
  • GF Value™: CHF31.86 vs. price of CHF53.00 (66.4% above fair value)
  • GF Score™: 55/100 with 4 warning signs

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


Zublin Immobilien Holding AG Business Description

Other Exchanges ZUBNz:UK0REW:UK61Z1:Germany
Address Hardturmstrasse 76, Zurich, CHE, CH-8005
Zublin Immobilien Holding AG is a real estate company. The company's portfolio is focused on the management of the real estate portfolio. Some of the projects include Zurich Holbeinstrasse, Zurich Hardturmstrasse, egg gewerbestrasse, and Bern morgenstrasse. It derives revenue from rental income.
55GF Score

Get the complete analysis for XSWX:ZUBN

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

CHF53.00
Price
CHF31.86
GF Value