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Storage King GroupASX:SKG -1.31%81 Net Margin % is 66.90% as of Jun. 2026, which is 52% above its 10-year median of 43.95. GuruFocus rates ASX:SKG with a GF Score™ of 81/100 and a GF Value™ of A$1.32 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 916 REITs companies, Storage King Group ranks better than 61.68% on this metric.
Storage King Group (ASX:SKG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Storage King Group Net Margin % Related Terms
Storage King Group Net Margin % Historical Data
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The historical data trend for Storage King Group's Net 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.
For the REIT - Industrial subindustry, Storage King Group's Net Margin %, along with its competitors' market caps and Net 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.
Storage King Group Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Storage King Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Storage King Group's Net 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.
Storage King Group (ASX:SKG) has a Net Margin % of 66.90% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on Storage King Group and its competitors. This is 52% above median its historical median of 43.95. Over the past decade, Storage King Group's Net Margin % has ranged from 10.44 to 117.28. According to the industry distribution chart, Storage King Group ranks #351 out of 916 companies in the REITs industry, placing it in the top 38.3%.
Is Storage King Group's Net Margin % too high?
Storage King Group's current Net Margin % of 66.90% is 52% above median its 10-year median of 43.95. Over the past 10 years, this metric has ranged from a low of 10.44 to a high of 117.28. The REITs industry median Net Margin % is 45.67. Storage King Group's value of 66.90% is 46.5% above this industry median. Based on the distribution chart, Storage King Group ranks #351 out of 916 companies in the REITs industry, which is above the industry midpoint. Overall, Storage King Group has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Storage King Group's Net Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Storage King Group ranks #351 out of 916 companies for Net Margin %. This puts Storage King Group in the upper half of its industry. The industry median Net Margin % is 45.67. Storage King Group's value of 66.90% is 46.5% above this benchmark. Historically, Storage King Group's own Net Margin % has ranged from 10.44 to 117.28 over the past decade. While the company's 10-year median is 43.95 vs. the industry median of 45.67, Storage King 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.67, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Storage King Group's current Net Margin % of 66.90% is 46.5% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Storage King Group and its competitors. For the REITs industry, the median Net Margin % is 45.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Storage King Group's current Net Margin % is 66.90%, which is 52% above median its own 10-year median of 43.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Storage King Group stock overvalued right now?
Based on GuruFocus' analysis, Storage King Group (ASX:SKG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.32, compared to a current price of A$1.13 — trading 14.4% below its estimated fair value. The current Net Margin % is 66.90%, which is 52% above median its 10-year median of 43.95 and 46.5% above the REITs industry median of 45.67. Storage King Group's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Storage King Group (ASX:SKG), the current Net Margin % is 66.90% 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 Storage King Group (ASX:SKG) Overvalued in 2026?
Based on GuruFocus' analysis, Storage King Group stock appears to be undervalued.
The current stock price of A$1.13 is trading 14.4% below its estimated GF Value™ of A$1.32.
GuruFocus considers Storage King Group to be Modestly Undervalued.
Key valuation signals for ASX:SKG:
Net Margin %: 66.90% (52% above median its 10-year median of 43.95)
GF Value™: A$1.32 vs. price of A$1.13 (14.4% below fair value)
Industry Position: 46.5% above the REITs median (#351 of 916)
No single metric tells the full story. See the ASX:SKG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Abacus Storage King is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.
81GF Score
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