IchigoTSE:2337 +2.35%85 Net Margin % is 31.00% as of Feb. 2026, which is 118% above its 10-year median of 14.23. GuruFocus rates TSE:2337 with a GF Score™ of 85/100 and a GF Value™ of 円477.79 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,755 Real Estate companies, Ichigo ranks better than 65.24% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Ichigo's Net Income for the
three
months ended in Feb. 2026 was 円6,103 Mil. Ichigo's Revenue for the
three
months ended in Feb. 2026 was 円19,688 Mil. Therefore, Ichigo's net margin for the quarter that ended in Feb. 2026 was 31.00%.
The historical rank and industry rank for Ichigo's Net Margin % or its related term are showing as below:
TSE:2337'
s Net Margin % Range Over the Past 10 Years
Min: 8.19 Med: 14.23 Max: 24.23
Current: 17.94
TSE:2337's Net Margin % is ranked better than 65.24% of 1755
companies
in the Real Estate industry
Industry Median: 8.03
vs TSE:2337: 17.94
Ichigo (TSE:2337) 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.
Ichigo Net Margin % Related Terms
Ichigo Net Margin % Historical Data
* Premium members only.
The historical data trend for Ichigo'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 Services subindustry, Ichigo'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.
Ichigo Net Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Ichigo's Net Margin % distribution charts can be found below:
* The bar in red indicates where Ichigo'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.
Ichigo (TSE:2337) has a Net Margin % of 31.00% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Ichigo and its competitors. This is 118% above median its historical median of 14.23. Over the past decade, Ichigo's Net Margin % has ranged from 8.19 to 24.23. According to the industry distribution chart, Ichigo ranks #610 out of 1755 companies in the Real Estate industry, placing it in the top 34.8%.
Is Ichigo's Net Margin % too high?
Ichigo's current Net Margin % of 31.00% is 118% above median its 10-year median of 14.23. Over the past 10 years, this metric has ranged from a low of 8.19 to a high of 24.23. The Real Estate industry median Net Margin % is 8.03. Ichigo's value of 31.00% is 286.1% above this industry median. Based on the distribution chart, Ichigo ranks #610 out of 1755 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ichigo has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichigo's Net Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Ichigo ranks #610 out of 1755 companies for Net Margin %. This puts Ichigo in the upper half of its industry. The industry median Net Margin % is 8.03. Ichigo's value of 31.00% is 286.1% above this benchmark. Historically, Ichigo's own Net Margin % has ranged from 8.19 to 24.23 over the past decade. While the company's 10-year median is 14.23 vs. the industry median of 8.03, Ichigo 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 1,755 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. Ichigo's current Net Margin % of 31.00% is 286.1% 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 Ichigo 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. Ichigo's current Net Margin % is 31.00%, which is 118% above median its own 10-year median of 14.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo stock overvalued right now?
Based on GuruFocus' analysis, Ichigo (TSE:2337) is currently considered Fairly Valued. The stock's GF Value™ is 円477.79, compared to a current price of 円435.00 — trading 9% below its estimated fair value. The current Net Margin % is 31.00%, which is 118% above median its 10-year median of 14.23 and 286.1% above the Real Estate industry median of 8.03. Ichigo's overall GF Score™ is 85/100 with 3 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 Ichigo (TSE:2337), the current Net Margin % is 31.00% as of Feb. 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 Ichigo (TSE:2337) Overvalued in 2026?
Based on GuruFocus' analysis, Ichigo stock appears to be undervalued.
The current stock price of 円435.00 is trading 9% below its estimated GF Value™ of 円477.79.
GuruFocus considers Ichigo to be Fairly Valued.
Key valuation signals for TSE:2337:
Net Margin %: 31.00% (118% above median its 10-year median of 14.23)
GF Value™: 円477.79 vs. price of 円435.00 (9% below fair value)
Industry Position: 286.1% above the Real Estate median (#610 of 1755)
No single metric tells the full story. See the TSE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichigo Inc is a Japanese real estate owner and operator, and clean energy producer. It manages several real estate investment trusts and operates solar plants across Japan. REIT opportunities include midsize hotel and office properties. Revenue is generated through fees via the management of the Ichigo REIT and private funds, and other fee-generating real estate services related to sourcing, financing, operation, property management, facility management, and disposition of real estate assets. Additional income is generated through the sale of properties and rental income. Clean Energy services involve the production of mega solar power.
85GF Score
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