YOKEY (Yokogawa Electric) Operating Income: $543 Mil (TTM As of Mar. 2026)

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YOKEY Yokogawa Electric Corp YOKEY
86 GF Score
Price $68.22
GF Value $54.21
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Yokogawa Electric Operating Income?

Yokogawa Electric YOKEY 86 Operating Income is $543 Mil as of Mar. 2026. GuruFocus rates YOKEY with a GF Score™ of 86/100 and a GF Value™ of $54.21 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Yokogawa Electric's Operating Income for the three months ended in Mar. 2026 was $139 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $543 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Yokogawa Electric's Operating Income for the three months ended in Mar. 2026 was $139 Mil. Yokogawa Electric's Revenue for the three months ended in Mar. 2026 was $1,075 Mil. Therefore, Yokogawa Electric's Operating Margin % for the quarter that ended in Mar. 2026 was 12.98%.

Good Sign:

Yokogawa Electric Corp operating margin is expanding. Margin expansion is usually a good sign.

Yokogawa Electric's 5-Year average Growth Rate for Operating Margin % was 14.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yokogawa Electric's annualized ROC % for the quarter that ended in Mar. 2026 was 13.01%. Yokogawa Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.19%.


Yokogawa Electric  (OTCPK:YOKEY) Operating Income Explanation

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

Yokogawa Electric'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 )
=557.892 * ( 1 - 24.96% )/( (3261.034 + 3175.709)/ 2 )
=418.6421568/3218.3715
=13.01 %

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))
=4874.823 - 376.057 - ( 1237.732 - max(0, 1392.592 - 3337.921+1237.732))
=3261.034

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))
=5013.893 - 467.215 - ( 1370.969 - max(0, 1521.086 - 3476.088+1370.969))
=3175.709

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

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

Yokogawa Electric'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 )
=475.088/( ( (567.053 + max(837.155, 0)) + (579.742 + max(166.13, 0)) )/ 2 )
=475.088/( ( 1404.208 + 745.872 )/ 2 )
=475.088/1075.04
=44.19 %

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)
=(1587.442 + 363.557 + 149.19) - (376.057 + 0 + 886.977)
=837.155

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1052.919 + 331.756 + 132.976) - (467.215 + 0 + 884.306)
=166.13

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 %:

Yokogawa Electric'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 )
=139.473/1074.559
=12.98 %

* 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.


Yokogawa Electric Operating Income Related Terms


Yokogawa Electric Operating Income Historical Data

* Premium members only.

The historical data trend for Yokogawa Electric'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.

Yokogawa Electric Operating Income Chart

Yokogawa Electric 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 258.63 332.24 525.97 560.34 520.26

Yokogawa Electric 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 168.44 112.14 154.11 137.48 139.47
YOKEY
86GF Score
Yokogawa Electric Corp YOKEY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Yokogawa Electric 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 $543 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 $543 Mil mean?
Yokogawa Electric (YOKEY) has a Operating Income of $543 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Yokogawa Electric and its competitors.
Is Yokogawa Electric's Operating Income too high?
Yokogawa Electric's current Operating Income is $543 Mil. Overall, Yokogawa Electric has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yokogawa Electric's Operating Income compare to GEV and ETN?
Yokogawa Electric's Operating Income of $543 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Yokogawa Electric and its competitors. Yokogawa Electric's current Operating Income is $543 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yokogawa Electric stock overvalued right now?
Based on GuruFocus' analysis, Yokogawa Electric (YOKEY) is currently considered Modestly Overvalued. The stock's GF Value™ is $54.21, compared to a current price of $68.22 — trading 25.8% above its estimated fair value. The current Operating Income is $543 Mil. Yokogawa Electric's overall GF Score™ is 86/100 with 3 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 Yokogawa Electric (YOKEY), the current Operating Income is $543 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 Yokogawa Electric (YOKEY) Overvalued in 2026?

Based on GuruFocus' analysis, Yokogawa Electric stock appears to be overvalued. The current stock price of $68.22 is trading 25.8% above its estimated GF Value™ of $54.21. GuruFocus considers Yokogawa Electric to be Modestly Overvalued.

Key valuation signals for YOKEY:

  • Operating Income: $543 Mil
  • GF Value™: $54.21 vs. price of $68.22 (25.8% above fair value)
  • GF Score™: 86/100 with 3 warning signs

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


Yokogawa Electric Business Description

Address 2-9-32 Nakamachi, Musashino-shi, Tokyo, JPN, 180-8750
Yokogawa Electric Corporation is a Japanese electrical engineering and software company. The company operates through three segments: Control, Measuring Instruments, and New Business etc. The Control segment offers sensors, analyzers, production control systems, software, and related services. The Measuring Instruments segment provides waveform, optical communication, signal, and various measuring devices. The New Business, etc. segment focuses on IoT- and AI-based services as well as biomass material operations. The company generates the majority of its revenue from the Control segment.
86GF Score

Get the complete analysis for YOKEY

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

$68.22
Price
$54.21
GF Value