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MASJSE:MSP +1.87%73 Net Margin % is 22.32% as of Dec. 2025, which is 79% below its 10-year median of 105.56. GuruFocus rates JSE:MSP with a GF Score™ of 73/100 and a GF Value™ of R20.09 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,757 Real Estate companies, MAS ranks better than 88.1% on this metric.
Net margin is calculated as Net Income divided by its Revenue. MAS's Net Income for the
six
months ended in Dec. 2025 was R228 Mil. MAS's Revenue for the
six
months ended in Dec. 2025 was R1,022 Mil. Therefore, MAS's net margin for the quarter that ended in Dec. 2025 was 22.32%.
The historical rank and industry rank for MAS's Net Margin % or its related term are showing as below:
JSE:MSP'
s Net Margin % Range Over the Past 10 Years
Min: -51.36 Med: 105.56 Max: 294.6
Current: 60.09
JSE:MSP's Net Margin % is ranked better than 88.1% of 1757
companies
in the Real Estate industry
Industry Median: 8.22
vs JSE:MSP: 60.09
MAS (JSE:MSP) 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.
MAS Net Margin % Related Terms
MAS Net Margin % Historical Data
* Premium members only.
The historical data trend for MAS'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 Real Estate - Diversified subindustry, MAS'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.
MAS Net Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, MAS's Net Margin % distribution charts can be found below:
* The bar in red indicates where MAS'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.
MAS (JSE:MSP) has a Net Margin % of 22.32% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on MAS and its competitors. This is 79% below median its historical median of 105.56. According to the industry distribution chart, MAS ranks #209 out of 1757 companies in the Real Estate industry, placing it in the top 11.9%.
Is MAS's Net Margin % too high?
MAS's current Net Margin % of 22.32% is 79% below median its 10-year median of 105.56. The Real Estate industry median Net Margin % is 8.22. MAS's value of 22.32% is 171.5% above this industry median. Based on the distribution chart, MAS ranks #209 out of 1757 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, MAS has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MAS's Net Margin % compare to competitors?
According to the Real Estate industry distribution chart, MAS ranks #209 out of 1757 companies for Net Margin %. This places MAS in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 8.22. MAS's value of 22.32% is 171.5% above this benchmark. While the company's 10-year median is 105.56 vs. the industry median of 8.22, MAS 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 Real Estate company?
The median Net Margin % among Real Estate companies is 8.22, based on 1,757 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. MAS's current Net Margin % of 22.32% is 171.5% 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 MAS and its competitors. For the Real Estate industry, the median Net Margin % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAS's current Net Margin % is 22.32%, which is 79% below median its own 10-year median of 105.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAS stock overvalued right now?
Based on GuruFocus' analysis, MAS (JSE:MSP) is currently considered Modestly Overvalued. The stock's GF Value™ is R20.09, compared to a current price of R22.31 — trading 11.1% above its estimated fair value. The current Net Margin % is 22.32%, which is 79% below median its 10-year median of 105.56 and 171.5% above the Real Estate industry median of 8.22. MAS's overall GF Score™ is 73/100 with 6 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 MAS (JSE:MSP), the current Net Margin % is 22.32% 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 MAS (JSE:MSP) Overvalued in 2026?
Based on GuruFocus' analysis, MAS stock appears to be overvalued.
The current stock price of R22.31 is trading 11.1% above its estimated GF Value™ of R20.09.
GuruFocus considers MAS to be Modestly Overvalued.
Key valuation signals for JSE:MSP:
Net Margin %: 22.32% (79% below median its 10-year median of 105.56)
GF Value™: R20.09 vs. price of R22.31 (11.1% above fair value)
Industry Position: 171.5% above the Real Estate median (#209 of 1757)
No single metric tells the full story. See the JSE:MSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAS PLC is a property investor. It owns income generating properties in Romania, Bulgaria, and Poland. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.
73GF Score
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