Bechtle AGMIL:1BC8 60 Net Margin % is 2.87% as of Mar. 2026, which is 22% below its 10-year median of 3.70. GuruFocus rates MIL:1BC8 with a GF Score™ of 60/100 and a GF Value™ of €38.80 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,825 Software companies, Bechtle AG ranks better than 53.63% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Bechtle AG's Net Income for the
three
months ended in Mar. 2026 was €45 Mil. Bechtle AG's Revenue for the
three
months ended in Mar. 2026 was €1,572 Mil. Therefore, Bechtle AG's net margin for the quarter that ended in Mar. 2026 was 2.87%.
The historical rank and industry rank for Bechtle AG's Net Margin % or its related term are showing as below:
MIL:1BC8'
s Net Margin % Range Over the Past 10 Years
Min: 3.17 Med: 3.7 Max: 4.36
Current: 3.61
MIL:1BC8's Net Margin % is ranked better than 53.63% of 2825
companies
in the Software industry
Industry Median: 2.54
vs MIL:1BC8: 3.61
Bechtle AG (MIL:1BC8) 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.
Bechtle AG Net Margin % Related Terms
Bechtle AG Net Margin % Historical Data
* Premium members only.
The historical data trend for Bechtle AG'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.
MIL:1BC8 vs IBM, ACN, FISV: Net Margin % Comparison
For the Information Technology Services subindustry, Bechtle AG'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.
Bechtle AG Net Margin % vs Software Industry
For the Software industry and Technology sector, Bechtle AG's Net Margin % distribution charts can be found below:
* The bar in red indicates where Bechtle AG'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.
Bechtle AG (MIL:1BC8) has a Net Margin % of 2.87% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Bechtle AG and its competitors. This is 22% below median its historical median of 3.70. Over the past decade, Bechtle AG's Net Margin % has ranged from 3.17 to 4.36. According to the industry distribution chart, Bechtle AG ranks #1310 out of 2825 companies in the Software industry, placing it in the top 46.4%.
Is Bechtle AG's Net Margin % too high?
Bechtle AG's current Net Margin % of 2.87% is 22% below median its 10-year median of 3.70. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 4.36. The Software industry median Net Margin % is 2.54. Bechtle AG's value of 2.87% is 13% above this industry median. Based on the distribution chart, Bechtle AG ranks #1310 out of 2825 companies in the Software industry, which is above the industry midpoint. Overall, Bechtle AG has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bechtle AG's Net Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Bechtle AG ranks #1310 out of 2825 companies for Net Margin %. This puts Bechtle AG in the upper half of its industry. The industry median Net Margin % is 2.54. Bechtle AG's value of 2.87% is 13% above this benchmark. Historically, Bechtle AG's own Net Margin % has ranged from 3.17 to 4.36 over the past decade. While the company's 10-year median is 3.70 vs. the industry median of 2.54, Bechtle AG 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 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. Bechtle AG's current Net Margin % of 2.87% is 13% 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 Bechtle AG 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. Bechtle AG's current Net Margin % is 2.87%, which is 22% below median its own 10-year median of 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bechtle AG stock overvalued right now?
Based on GuruFocus' analysis, Bechtle AG (MIL:1BC8) is currently considered Modestly Undervalued. The stock's GF Value™ is €38.80, compared to a current price of €30.76 — trading 20.7% below its estimated fair value. The current Net Margin % is 2.87%, which is 22% below median its 10-year median of 3.70 and 13% above the Software industry median of 2.54. Bechtle AG's overall GF Score™ is 60/100 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 Bechtle AG (MIL:1BC8), the current Net Margin % is 2.87% 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 Bechtle AG (MIL:1BC8) Overvalued in 2026?
Based on GuruFocus' analysis, Bechtle AG stock appears to be undervalued.
The current stock price of €30.76 is trading 20.7% below its estimated GF Value™ of €38.80.
GuruFocus considers Bechtle AG to be Modestly Undervalued.
Key valuation signals for MIL:1BC8:
Net Margin %: 2.87% (22% below median its 10-year median of 3.70)
GF Value™: €38.80 vs. price of €30.76 (20.7% below fair value)
Industry Position: 13% above the Software median (#1310 of 2825)
No single metric tells the full story. See the MIL:1BC8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. The company operates through four reportable segments; Germany, France, Benelux, and Other Europe. It generates maximum of its revenue from the Germany segment. The company offers its customers IT hardware, software, solutions and services in 14 European countries, with Germany being the main market.
60GF Score
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