iOCOJSE:IOC -0.50%48 Net Margin % is 6.27% as of Jan. 2026. GuruFocus rates JSE:IOC with a GF Score™ of 48/100 and a GF Value™ of R2.07 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,825 Software companies, iOCO ranks better than 60.07% on this metric.
Net margin is calculated as Net Income divided by its Revenue. iOCO's Net Income for the
six
months ended in Jan. 2026 was R177 Mil. iOCO's Revenue for the
six
months ended in Jan. 2026 was R2,829 Mil. Therefore, iOCO's net margin for the quarter that ended in Jan. 2026 was 6.27%.
The historical rank and industry rank for iOCO's Net Margin % or its related term are showing as below:
JSE:IOC'
s Net Margin % Range Over the Past 10 Years
Min: -46.06 Med: -1.01 Max: 7.7
Current: 5.42
JSE:IOC's Net Margin % is ranked better than 60.07% of 2825
companies
in the Software industry
Industry Median: 2.54
vs JSE:IOC: 5.42
iOCO (JSE:IOC) 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.
iOCO Net Margin % Related Terms
iOCO Net Margin % Historical Data
* Premium members only.
The historical data trend for iOCO'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.
JSE:IOC vs IBM, ACN, FISV: Net Margin % Comparison
For the Information Technology Services subindustry, iOCO'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.
iOCO Net Margin % vs Software Industry
For the Software industry and Technology sector, iOCO's Net Margin % distribution charts can be found below:
* The bar in red indicates where iOCO'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.
iOCO (JSE:IOC) has a Net Margin % of 6.27% as of Jan. 2026. Net margin is the ratio of total net income to net sales. View historical data on iOCO and its competitors. According to the industry distribution chart, iOCO ranks #1128 out of 2825 companies in the Software industry, placing it in the top 39.9%.
Is iOCO's Net Margin % too high?
iOCO's current Net Margin % is 6.27%. The Software industry median Net Margin % is 2.54. iOCO's value of 6.27% is 146.9% above this industry median. Based on the distribution chart, iOCO ranks #1128 out of 2825 companies in the Software industry, which is above the industry midpoint. Overall, iOCO has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does iOCO's Net Margin % compare to IBM and ACN?
According to the Software industry distribution chart, iOCO ranks #1128 out of 2825 companies for Net Margin %. This puts iOCO in the upper half of its industry. The industry median Net Margin % is 2.54. iOCO's value of 6.27% is 146.9% above this benchmark. 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 Software company?
The median Net Margin % among Software companies is 2.54, based on 2,825 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. iOCO's current Net Margin % of 6.27% is 146.9% 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 iOCO and its competitors. For the Software industry, the median Net Margin % is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iOCO's current Net Margin % is 6.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iOCO stock overvalued right now?
Based on GuruFocus' analysis, iOCO (JSE:IOC) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.07, compared to a current price of R3.98 — trading 92.3% above its estimated fair value. The current Net Margin % is 6.27% and 146.9% above the Software industry median of 2.54. iOCO's overall GF Score™ is 48/100 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 iOCO (JSE:IOC), the current Net Margin % is 6.27% as of Jan. 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 iOCO (JSE:IOC) Overvalued in 2026?
Based on GuruFocus' analysis, iOCO stock appears to be overvalued.
The current stock price of R3.98 is trading 92.3% above its estimated GF Value™ of R2.07.
GuruFocus considers iOCO to be Significantly Overvalued.
Key valuation signals for JSE:IOC:
Net Margin %: 6.27%
GF Value™: R2.07 vs. price of R3.98 (92.3% above fair value)
Industry Position: 146.9% above the Software median (#1128 of 2825)
No single metric tells the full story. See the JSE:IOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
iOCO Ltd, FormerlyEOH Holdings Ltd is a South Africa-based firm offering IT services, software, IT infrastructure, industrial technologies, and outsourcing services. The company operates through three segments. iOCO segment consists of Digital, infrastructure, connected industrial ecosystem, digital business solutions, EasyHQ, international, and NEXTEC services. The majority of revenue is from Intelligent Technology Solutions.
48GF Score
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