Net margin is calculated as Net Income divided by its Revenue. Kering's Net Income for the
six
months ended in Dec. 2025 was €-402 Mil. Kering's Revenue for the
six
months ended in Dec. 2025 was €7,088 Mil. Therefore, Kering's net margin for the quarter that ended in Dec. 2025 was -5.67%.
The historical rank and industry rank for Kering's Net Margin % or its related term are showing as below:
LTS:0IIH'
s Net Margin % Range Over the Past 10 Years
Min: 0.49 Med: 15.84 Max: 27.19
Current: 0.49
LTS:0IIH's Net Margin % is ranked worse than 67.82% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.335
vs LTS:0IIH: 0.49
Kering (LTS:0IIH) 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.
Kering Net Margin % Related Terms
Kering Net Margin % Historical Data
* Premium members only.
The historical data trend for Kering'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 Luxury Goods subindustry, Kering'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.
Kering Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Kering's Net Margin % distribution charts can be found below:
* The bar in red indicates where Kering'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.
Kering (LTS:0IIH) has a Net Margin % of -5.67% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Kering and its competitors. Over the past decade, Kering's Net Margin % has ranged from 0.49 to 27.19. According to the industry distribution chart, Kering ranks #765 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 67.8%.
Is Kering's Net Margin % too high?
Kering's current Net Margin % is -5.67%. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 27.19. Based on the distribution chart, Kering ranks #765 out of 1128 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Kering has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kering's Net Margin % compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Kering ranks #765 out of 1128 companies for Net Margin %. This places Kering in the lower half of its industry. The industry median Net Margin % is 2.34. Historically, Kering's own Net Margin % has ranged from 0.49 to 27.19 over the past decade. 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 Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.34, based on 1,128 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. 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 Kering and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kering's current Net Margin % is -5.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kering stock overvalued right now?
Based on GuruFocus' analysis, Kering (LTS:0IIH) is currently considered Fairly Valued. The stock's GF Value™ is €261.45, compared to a current price of €265.90 — trading 1.7% above its estimated fair value. The current Net Margin % is -5.67%. Kering's overall GF Score™ is 76/100 with 8 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 Kering (LTS:0IIH), the current Net Margin % is -5.67% 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 Kering (LTS:0IIH) Overvalued in 2026?
Based on GuruFocus' analysis, Kering stock appears to be overvalued.
The current stock price of €265.90 is trading 1.7% above its estimated GF Value™ of €261.45.
GuruFocus considers Kering to be Fairly Valued.
Key valuation signals for LTS:0IIH:
Net Margin %: -5.67%
GF Value™: €261.45 vs. price of €265.90 (1.7% above fair value)
No single metric tells the full story. See the LTS:0IIH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kering is the world's third-largest luxury goods conglomerate by revenue after LVMH and Richemont. Its flagship brand is Gucci, which accounts for over 40% of revenue and over 50% of operating profit. Its other leading brands include Bottega Veneta and Saint Laurent. McQueen, Balenciaga, and Boucheron are also part of Kering's portfolio.
76GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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