Birkenstock HoldingHAM:7PV +6.77%65 Net Margin % is 13.24% as of Mar. 2026, which is 17% above its 10-year median of 11.36. GuruFocus rates HAM:7PV with a GF Score™ of 65/100 and a GF Value™ of €59.39 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,043 Manufacturing - Apparel & Accessories companies, Birkenstock Holding ranks better than 93.19% on this metric.
Birkenstock Holding (HAM:7PV) 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.
Birkenstock Holding Net Margin % Related Terms
Birkenstock Holding Net Margin % Historical Data
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The historical data trend for Birkenstock Holding'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.
HAM:7PV vs CROX, SHOO, ONON: Net Margin % Comparison
For the Footwear & Accessories subindustry, Birkenstock Holding'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.
Birkenstock Holding Net Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Birkenstock Holding's Net Margin % distribution charts can be found below:
* The bar in red indicates where Birkenstock Holding'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.
Birkenstock Holding (HAM:7PV) has a Net Margin % of 13.24% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Birkenstock Holding and its competitors. This is 17% above median its historical median of 11.36. According to the industry distribution chart, Birkenstock Holding ranks #71 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 6.8%.
Is Birkenstock Holding's Net Margin % too high?
Birkenstock Holding's current Net Margin % of 13.24% is 17% above median its 10-year median of 11.36. The Manufacturing - Apparel & Accessories industry median Net Margin % is 2.60. Birkenstock Holding's value of 13.24% is 409.2% above this industry median. Based on the distribution chart, Birkenstock Holding ranks #71 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Birkenstock Holding has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Birkenstock Holding's Net Margin % compare to CROX and SHOO?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Birkenstock Holding ranks #71 out of 1043 companies for Net Margin %. This places Birkenstock Holding in the top 7% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.60. Birkenstock Holding's value of 13.24% is 409.2% above this benchmark. While the company's 10-year median is 11.36 vs. the industry median of 2.60, Birkenstock Holding 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 Manufacturing - Apparel & Accessories company?
The median Net Margin % among Manufacturing - Apparel & Accessories companies is 2.60, based on 1,043 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. Birkenstock Holding's current Net Margin % of 13.24% is 409.2% 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 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 Birkenstock Holding and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Margin % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Birkenstock Holding's current Net Margin % is 13.24%, which is 17% above median its own 10-year median of 11.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Birkenstock Holding stock overvalued right now?
Based on GuruFocus' analysis, Birkenstock Holding (HAM:7PV) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.39, compared to a current price of €39.45 — trading 33.6% below its estimated fair value. The current Net Margin % is 13.24%, which is 17% above median its 10-year median of 11.36 and 409.2% above the Manufacturing - Apparel & Accessories industry median of 2.60. Birkenstock Holding's overall GF Score™ is 65/100 with 2 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 Birkenstock Holding (HAM:7PV), the current Net Margin % is 13.24% 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 Birkenstock Holding (HAM:7PV) Overvalued in 2026?
Based on GuruFocus' analysis, Birkenstock Holding stock appears to be undervalued.
The current stock price of €39.45 is trading 33.6% below its estimated GF Value™ of €59.39.
GuruFocus considers Birkenstock Holding to be Significantly Undervalued.
Key valuation signals for HAM:7PV:
Net Margin %: 13.24% (17% above median its 10-year median of 11.36)
GF Value™: €59.39 vs. price of €39.45 (33.6% below fair value)
Industry Position: 409.2% above the Manufacturing - Apparel & Accessories median (#71 of 1043)
No single metric tells the full story. See the HAM:7PV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Birkenstock is a German footwear brand known for comfort-focused, timeless designs, with 76% of 2022 sales coming from its top five iconic models. Products are made in Europe using sustainable, mostly locally sourced materials. The brand combines orthopedic function with everyday style, appealing to a broad audience. The Americas account for 52% of sales, EMEA 37%, with the remainder coming from Asia-Pacific, which has also the higher future growth expectations.
65GF Score
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