Bell EquipmentJSE:BEL -4.08%79 Net Margin % is 3.35% as of Dec. 2025, which is 6% below its 10-year median of 3.58. GuruFocus rates JSE:BEL with a GF Score™ of 79/100 and a GF Value™ of R31.86 (Fairly Valued). The stock has 4 warning signs investors should review. Among 211 Farm & Heavy Construction Machinery companies, Bell Equipment ranks worse than 61.61% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Bell Equipment's Net Income for the
six
months ended in Dec. 2025 was R169 Mil. Bell Equipment's Revenue for the
six
months ended in Dec. 2025 was R5,048 Mil. Therefore, Bell Equipment's net margin for the quarter that ended in Dec. 2025 was 3.35%.
The historical rank and industry rank for Bell Equipment's Net Margin % or its related term are showing as below:
JSE:BEL'
s Net Margin % Range Over the Past 10 Years
Min: -0.96 Med: 3.58 Max: 5.65
Current: 3.44
JSE:BEL's Net Margin % is ranked worse than 61.61% of 211
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 5.14
vs JSE:BEL: 3.44
Bell Equipment (JSE:BEL) 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.
Bell Equipment Net Margin % Related Terms
Bell Equipment Net Margin % Historical Data
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The historical data trend for Bell Equipment'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 Farm & Heavy Construction Machinery subindustry, Bell Equipment'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.
Bell Equipment Net Margin % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Bell Equipment's Net Margin % distribution charts can be found below:
* The bar in red indicates where Bell Equipment'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.
Bell Equipment (JSE:BEL) has a Net Margin % of 3.35% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Bell Equipment and its competitors. This is near median its historical median of 3.58. According to the industry distribution chart, Bell Equipment ranks #130 out of 211 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 61.6%.
Is Bell Equipment's Net Margin % too high?
Bell Equipment's current Net Margin % of 3.35% is near median its 10-year median of 3.58. The Farm & Heavy Construction Machinery industry median Net Margin % is 5.14. Bell Equipment's value of 3.35% is 34.8% below this industry median. Based on the distribution chart, Bell Equipment ranks #130 out of 211 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Bell Equipment has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bell Equipment's Net Margin % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Bell Equipment ranks #130 out of 211 companies for Net Margin %. This places Bell Equipment in the lower half of its industry. The industry median Net Margin % is 5.14. Bell Equipment's value of 3.35% is 34.8% below this benchmark. While the company's 10-year median is 3.58 vs. the industry median of 5.14, Bell Equipment has consistently been below 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 Farm & Heavy Construction Machinery company?
The median Net Margin % among Farm & Heavy Construction Machinery companies is 5.14, based on 211 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. Bell Equipment's current Net Margin % of 3.35% is 34.8% below 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 Bell Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median Net Margin % is 5.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Equipment's current Net Margin % is 3.35%, which is near median its own 10-year median of 3.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Equipment stock overvalued right now?
Based on GuruFocus' analysis, Bell Equipment (JSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is R31.86, compared to a current price of R35.00 — trading 9.9% above its estimated fair value. The current Net Margin % is 3.35%, which is near median its 10-year median of 3.58 and 34.8% below the Farm & Heavy Construction Machinery industry median of 5.14. Bell Equipment's overall GF Score™ is 79/100 with 4 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 Bell Equipment (JSE:BEL), the current Net Margin % is 3.35% as of Dec. 2025. 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 Bell Equipment (JSE:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Equipment stock appears to be overvalued.
The current stock price of R35.00 is trading 9.9% above its estimated GF Value™ of R31.86.
GuruFocus considers Bell Equipment to be Fairly Valued.
Key valuation signals for JSE:BEL:
Net Margin %: 3.35% (near median its 10-year median of 3.58)
GF Value™: R31.86 vs. price of R35.00 (9.9% above fair value)
Industry Position: 34.8% below the Farm & Heavy Construction Machinery median (#130 of 211)
No single metric tells the full story. See the JSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Equipment Ltd designs and manufactures a wide Collection of products. This includes a complete range of Bell forestry and agriculture products. It seeks to develop and support local suppliers and invests in outreach initiatives with a focus on education, training, and development both internally and externally. It conducts two main business operations Manufacturing, assembly, logistics and dealer sales operations which is OEM operations comprising manufacturing, assembly and sales of equipment and aftermarket products to independent dealers for their distribution to market; and Direct Sales operations which is owned distribution operations for direct sales of own manufactured products, other third party products and the supply of aftermarket support and products to market.
79GF Score
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