Fiera Milano SpAFRA:FM3 -0.61%76 Net Margin % is 21.67% as of Mar. 2026, which is 195% above its 10-year median of 7.34. GuruFocus rates FRA:FM3 with a GF Score™ of 76/100 and a GF Value™ of €5.92 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,074 Business Services companies, Fiera Milano SpA ranks better than 89.2% on this metric.
The historical rank and industry rank for Fiera Milano SpA's Net Margin % or its related term are showing as below:
FRA:FM3'
s Net Margin % Range Over the Past 10 Years
Min: -46.1 Med: 7.34 Max: 36.27
Current: 18.28
FRA:FM3's Net Margin % is ranked better than 89.2% of 1074
companies
in the Business Services industry
Industry Median: 3.83
vs FRA:FM3: 18.28
Fiera Milano SpA (FRA:FM3) 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.
Fiera Milano SpA Net Margin % Related Terms
Fiera Milano SpA Net Margin % Historical Data
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The historical data trend for Fiera Milano SpA'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.
FRA:FM3 vs CTAS, CPRT, GPN: Net Margin % Comparison
For the Specialty Business Services subindustry, Fiera Milano SpA'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.
Fiera Milano SpA Net Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, Fiera Milano SpA's Net Margin % distribution charts can be found below:
* The bar in red indicates where Fiera Milano SpA'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.
Fiera Milano SpA (FRA:FM3) has a Net Margin % of 21.67% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Fiera Milano SpA and its competitors. This is 195% above median its historical median of 7.34. According to the industry distribution chart, Fiera Milano SpA ranks #116 out of 1074 companies in the Business Services industry, placing it in the top 10.8%.
Is Fiera Milano SpA's Net Margin % too high?
Fiera Milano SpA's current Net Margin % of 21.67% is 195% above median its 10-year median of 7.34. The Business Services industry median Net Margin % is 3.83. Fiera Milano SpA's value of 21.67% is 465.8% above this industry median. Based on the distribution chart, Fiera Milano SpA ranks #116 out of 1074 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fiera Milano SpA has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's Net Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fiera Milano SpA ranks #116 out of 1074 companies for Net Margin %. This places Fiera Milano SpA in the top 11% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.83. Fiera Milano SpA's value of 21.67% is 465.8% above this benchmark. While the company's 10-year median is 7.34 vs. the industry median of 3.83, Fiera Milano SpA 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 Business Services company?
The median Net Margin % among Business Services companies is 3.83, based on 1,074 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. Fiera Milano SpA's current Net Margin % of 21.67% is 465.8% 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 Fiera Milano SpA and its competitors. For the Business Services industry, the median Net Margin % is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Milano SpA's current Net Margin % is 21.67%, which is 195% above median its own 10-year median of 7.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Based on GuruFocus' analysis, Fiera Milano SpA (FRA:FM3) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.92, compared to a current price of €8.17 — trading 38% above its estimated fair value. The current Net Margin % is 21.67%, which is 195% above median its 10-year median of 7.34 and 465.8% above the Business Services industry median of 3.83. Fiera Milano SpA's overall GF Score™ is 76/100 with 3 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 Fiera Milano SpA (FRA:FM3), the current Net Margin % is 21.67% 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 Fiera Milano SpA (FRA:FM3) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued.
The current stock price of €8.17 is trading 38% above its estimated GF Value™ of €5.92.
GuruFocus considers Fiera Milano SpA to be Significantly Overvalued.
Key valuation signals for FRA:FM3:
Net Margin %: 21.67% (195% above median its 10-year median of 7.34)
GF Value™: €5.92 vs. price of €8.17 (38% above fair value)
Industry Position: 465.8% above the Business Services median (#116 of 1074)
No single metric tells the full story. See the FRA:FM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, Congresses, and Other Sectors. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions segment. Geographically, it operates in Italy and Abroad, where it derives maximum revenue from Italy.
76GF Score
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