Inclusio (STU:9ZS) Net Margin %: 112.93% (As of Dec. 2025) — 24% Above Median


STU:9ZS Inclusio SA STU:9ZS
77 GF Score
Price €16.20
GF Value €17.20
! 8 Warning Signs
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What is Inclusio Net Margin %?

Inclusio STU:9ZS +1.25% 77 Net Margin % is 112.93% as of Dec. 2025, which is 24% above its 10-year median of 91.28. GuruFocus rates STU:9ZS with a GF Score™ of 77/100 and a GF Value™ of €17.20. The stock has 8 warning signs investors should review. Among 1,758 Real Estate companies, Inclusio ranks better than 93.46% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Inclusio's Net Income for the six months ended in Dec. 2025 was €9.50 Mil. Inclusio's Revenue for the six months ended in Dec. 2025 was €8.41 Mil. Therefore, Inclusio's net margin for the quarter that ended in Dec. 2025 was 112.93%.

The historical rank and industry rank for Inclusio's Net Margin % or its related term are showing as below:

STU:9ZS' s Net Margin % Range Over the Past 10 Years
Min: -43.34   Med: 91.28   Max: 233.07
Current: 91.28


STU:9ZS's Net Margin % is ranked better than
93.46% of 1758 companies
in the Real Estate industry
Industry Median: 8.03 vs STU:9ZS: 91.28

Inclusio  (STU:9ZS) 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.


Inclusio Net Margin % Related Terms


Inclusio Net Margin % Historical Data

* Premium members only.

The historical data trend for Inclusio'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.

Inclusio Net Margin % Chart

Inclusio Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only 197.89 202.09 233.07 125.01 91.28

Inclusio Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 345.60 124.48 125.49 69.80 112.93

STU:9ZS vs CBRE, BEKE, JLL: Net Margin % Comparison

For the Real Estate Services subindustry, Inclusio'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.


Inclusio Net Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Inclusio's Net Margin % distribution charts can be found below:

* The bar in red indicates where Inclusio's Net Margin % falls into.


STU:9ZS
77GF Score
Inclusio SA STU:9ZS
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Inclusio Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Inclusio's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=15.42/16.893
=91.28 %

Inclusio's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=9.5/8.412
=112.93 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 112.93% mean?
Inclusio (STU:9ZS) has a Net Margin % of 112.93% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Inclusio and its competitors. This is 24% above median its historical median of 91.28. According to the industry distribution chart, Inclusio ranks #115 out of 1758 companies in the Real Estate industry, placing it in the top 6.5%.
Is Inclusio's Net Margin % too high?
Inclusio's current Net Margin % of 112.93% is 24% above median its 10-year median of 91.28. The Real Estate industry median Net Margin % is 8.03. Inclusio's value of 112.93% is 1306.4% above this industry median. Based on the distribution chart, Inclusio ranks #115 out of 1758 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Inclusio has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Inclusio's Net Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Inclusio ranks #115 out of 1758 companies for Net Margin %. This places Inclusio in the top 7% of its industry — outperforming the majority of peers. The industry median Net Margin % is 8.03. Inclusio's value of 112.93% is 1306.4% above this benchmark. While the company's 10-year median is 91.28 vs. the industry median of 8.03, Inclusio 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 8.03, based on 1,758 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. Inclusio's current Net Margin % of 112.93% is 1306.4% 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 Inclusio and its competitors. For the Real Estate industry, the median Net Margin % is 8.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inclusio's current Net Margin % is 112.93%, which is 24% above median its own 10-year median of 91.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inclusio stock overvalued right now?
Inclusio (STU:9ZS) has a current Net Margin % of 112.93%. The stock's GF Value™ is €17.20, compared to a current price of €16.20 — trading 5.8% below its estimated fair value. The current Net Margin % is 112.93%, which is 24% above median its 10-year median of 91.28 and 1306.4% above the Real Estate industry median of 8.03. Inclusio's overall GF Score™ is 77/100 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 Inclusio (STU:9ZS), the current Net Margin % is 112.93% 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 Inclusio (STU:9ZS) Overvalued in 2026?

Based on GuruFocus' analysis, Inclusio stock appears to be undervalued. The current stock price of €16.20 is trading 5.8% below its estimated GF Value™ of €17.20.

Key valuation signals for STU:9ZS:

  • Net Margin %: 112.93% (24% above median its 10-year median of 91.28)
  • GF Value™: €17.20 vs. price of €16.20 (5.8% below fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 1306.4% above the Real Estate median (#115 of 1758)

No single metric tells the full story. See the STU:9ZS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inclusio Business Description

Other Exchanges 9ZS:GermanyINCLU:Belgium
Address Avenue Herrmann-Debroux 40, Brussels, BEL, 1160
Inclusio SA holds and manages social housing residential assets. The company is engaged in acquisition, development and management buildings made available to low and middle income tenants. Its portfolio includes new or renovated residential buildings leased to social partners, schools, nurseries, and reception centers for asylum seekers.
77GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.20
Price
€17.20
GF Value