Step Co (TSE:9795) FCF Margin %: 16.91% (As of Mar. 2026) — Near Median


TSE:9795 Step Co Ltd TSE:9795
78 GF Score
Price 円2,237.00
GF Value 円2,357.44
Valuation Fairly Valued
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What is Step Co FCF Margin %?

Step Co TSE:9795 +1.91% 78 FCF Margin % is 16.91% as of Mar. 2026, which is 4% above its 10-year median of 16.22. GuruFocus rates TSE:9795 with a GF Score™ of 78/100 and a GF Value™ of 円2,357.44 (Fairly Valued). Among 255 Education companies, Step Co ranks better than 74.12% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Step Co's Free Cash Flow for the six months ended in Mar. 2026 was 円1,413 Mil. Step Co's Revenue for the six months ended in Mar. 2026 was 円8,357 Mil. Therefore, Step Co's FCF Margin % for the quarter that ended in Mar. 2026 was 16.91%.

As of today, Step Co's current FCF Yield % is 8.96%.

The historical rank and industry rank for Step Co's FCF Margin % or its related term are showing as below:

TSE:9795' s FCF Margin % Range Over the Past 10 Years
Min: 6.75   Med: 16.22   Max: 26.17
Current: 19.36


During the past 13 years, the highest FCF Margin % of Step Co was 26.17%. The lowest was 6.75%. And the median was 16.22%.

TSE:9795's FCF Margin % is ranked better than
74.12% of 255 companies
in the Education industry
Industry Median: 9.33 vs TSE:9795: 19.36


Step Co FCF Margin % Related Terms


Step Co FCF Margin % Historical Data

* Premium members only.

The historical data trend for Step Co's FCF 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.

Step Co FCF Margin % Chart

Step Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.17 19.82 16.46 20.35 19.54

Step Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
FCF Margin % 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 20.67 20.02 17.20 22.03 16.91

TSE:9795 vs EDU, TAL, GHC: FCF Margin % Comparison

For the Education & Training Services subindustry, Step Co's FCF Margin %, along with its competitors' market caps and FCF 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.


Step Co FCF Margin % vs Education Industry

For the Education industry and Consumer Defensive sector, Step Co's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Step Co's FCF Margin % falls into.


TSE:9795
78GF Score
Step Co Ltd TSE:9795
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Step Co FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Step Co's FCF Margin for the fiscal year that ended in Sep. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=3096.51/15846.886
=19.54 %

Step Co's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1412.888/8356.911
=16.91 %

* 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 FCF Margin % →
What does a FCF Margin % of 16.91% mean?
Step Co (TSE:9795) has a FCF Margin % of 16.91% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Step Co and its competitors. This is near median its historical median of 16.22. Over the past decade, Step Co's FCF Margin % has ranged from 6.75 to 26.17. According to the industry distribution chart, Step Co ranks #66 out of 255 companies in the Education industry, placing it in the top 25.9%.
Is Step Co's FCF Margin % too high?
Step Co's current FCF Margin % of 16.91% is near median its 10-year median of 16.22. Over the past 10 years, this metric has ranged from a low of 6.75 to a high of 26.17. The Education industry median FCF Margin % is 9.33. Step Co's value of 16.91% is 81.2% above this industry median. Based on the distribution chart, Step Co ranks #66 out of 255 companies in the Education industry, which is above the industry midpoint. Overall, Step Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Step Co's FCF Margin % compare to EDU and TAL?
According to the Education industry distribution chart, Step Co ranks #66 out of 255 companies for FCF Margin %. This puts Step Co in the upper half of its industry. The industry median FCF Margin % is 9.33. Step Co's value of 16.91% is 81.2% above this benchmark. Historically, Step Co's own FCF Margin % has ranged from 6.75 to 26.17 over the past decade. While the company's 10-year median is 16.22 vs. the industry median of 9.33, Step Co 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 FCF Margin % for an Education company?
The median FCF Margin % among Education companies is 9.33, based on 255 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Step Co's current FCF Margin % of 16.91% is 81.2% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Step Co and its competitors. For the Education industry, the median FCF Margin % is 9.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Co's current FCF Margin % is 16.91%, which is near median its own 10-year median of 16.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step Co stock overvalued right now?
Based on GuruFocus' analysis, Step Co (TSE:9795) is currently considered Fairly Valued. The stock's GF Value™ is 円2,357.44, compared to a current price of 円2,237.00 — trading 5.1% below its estimated fair value. The current FCF Margin % is 16.91%, which is near median its 10-year median of 16.22 and 81.2% above the Education industry median of 9.33. Step Co's overall GF Score™ is 78/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Step Co (TSE:9795), the current FCF Margin % is 16.91% 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 Step Co (TSE:9795) Overvalued in 2026?

Based on GuruFocus' analysis, Step Co stock appears to be undervalued. The current stock price of 円2,237.00 is trading 5.1% below its estimated GF Value™ of 円2,357.44. GuruFocus considers Step Co to be Fairly Valued.

Key valuation signals for TSE:9795:

  • FCF Margin %: 16.91% (near median its 10-year median of 16.22)
  • GF Value™: 円2,357.44 vs. price of 円2,237.00 (5.1% below fair value)
  • GF Score™: 78/100
  • Industry Position: 81.2% above the Education median (#66 of 255)

No single metric tells the full story. See the TSE:9795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Step Co Business Description

Address Fujisawa 602, Kanagawa Prefecture, Fujisawa, JPN, 251-0052
Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools. The company operates cram schools and after-school care facilities, and produces and edits educational materials, as well as prints and binds books. The company is engaged in providing high school entrance exam preparation courses, Teaching Materials Research Division produces manuscripts and original plates for teaching materials, academic programs, physical education, and shogi (Japanese chess), and other activities.
78GF Score

Get the complete analysis for TSE:9795

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

円2,237.00
Price
円2,357.44
GF Value