VNET GroupHAM:217A -10.28%54 EBITDA Margin % is 9.65% as of Mar. 2026, which is 56% below its 10-year median of 21.87. GuruFocus rates HAM:217A with a GF Score™ of 54/100 and a GF Value™ of €3.60. The stock has 8 warning signs investors should review. Among 2,820 Software companies, VNET Group ranks better than 63.62% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. VNET Group's EBITDA for the
three
months ended in Mar. 2026 was €33 Mil. VNET Group's Revenue for the
three
months ended in Mar. 2026 was €338 Mil. Therefore, VNET Group's EBITDA margin for the quarter that ended in Mar. 2026 was 9.65%.
VNET Group (HAM:217A) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
VNET Group EBITDA Margin % Related Terms
VNET Group EBITDA Margin % Historical Data
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The historical data trend for VNET Group's EBITDA Margin % 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.
HAM:217A vs PENG, KD, CHRN: EBITDA Margin % Comparison
For the Information Technology Services subindustry, VNET Group's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
VNET Group EBITDA Margin % vs Software Industry
For the Software industry and Technology sector, VNET Group's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where VNET Group's EBITDA Margin % falls into.
* 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.
VNET Group (HAM:217A) has a EBITDA Margin % of 9.65% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on VNET Group and its competitors. This is 56% below median its historical median of 21.87. According to the industry distribution chart, VNET Group ranks #1026 out of 2820 companies in the Software industry, placing it in the top 36.4%.
Is VNET Group's EBITDA Margin % too high?
VNET Group's current EBITDA Margin % of 9.65% is 56% below median its 10-year median of 21.87. The Software industry median EBITDA Margin % is 8.07. VNET Group's value of 9.65% is 19.6% above this industry median. Based on the distribution chart, VNET Group ranks #1026 out of 2820 companies in the Software industry, which is above the industry midpoint. Overall, VNET Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's EBITDA Margin % compare to PENG and KD?
According to the Software industry distribution chart, VNET Group ranks #1026 out of 2820 companies for EBITDA Margin %. This puts VNET Group in the upper half of its industry. The industry median EBITDA Margin % is 8.07. VNET Group's value of 9.65% is 19.6% above this benchmark. While the company's 10-year median is 21.87 vs. the industry median of 8.07, VNET Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Software company?
The median EBITDA Margin % among Software companies is 8.07, based on 2,820 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VNET Group's current EBITDA Margin % of 9.65% is 19.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on VNET Group and its competitors. For the Software industry, the median EBITDA Margin % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNET Group's current EBITDA Margin % is 9.65%, which is 56% below median its own 10-year median of 21.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current EBITDA Margin % of 9.65%. The stock's GF Value™ is €3.60, compared to a current price of €6.46 — trading 79.4% above its estimated fair value. The current EBITDA Margin % is 9.65%, which is 56% below median its 10-year median of 21.87 and 19.6% above the Software industry median of 8.07. VNET Group's overall GF Score™ is 54/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For VNET Group (HAM:217A), the current EBITDA Margin % is 9.65% 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 VNET Group (HAM:217A) Overvalued in 2026?
Based on GuruFocus' analysis, VNET Group stock appears to be overvalued.
The current stock price of €6.46 is trading 79.4% above its estimated GF Value™ of €3.60.
Key valuation signals for HAM:217A:
EBITDA Margin %: 9.65% (56% below median its 10-year median of 21.87)
GF Value™: €3.60 vs. price of €6.46 (79.4% above fair value)
Industry Position: 19.6% above the Software median (#1026 of 2820)
No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
54GF Score
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