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PATHTSE:3840 +1.72%49 Net Margin % is -131.44% as of Mar. 2026. GuruFocus rates TSE:3840 with a GF Score™ of 49/100 and a GF Value™ of 円85.28 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,073 Business Services companies, PATH ranks worse than 93.66% on this metric.
Net margin is calculated as Net Income divided by its Revenue. PATH's Net Income for the
three
months ended in Mar. 2026 was 円-757 Mil. PATH's Revenue for the
three
months ended in Mar. 2026 was 円576 Mil. Therefore, PATH's net margin for the quarter that ended in Mar. 2026 was -131.44%.
The historical rank and industry rank for PATH's Net Margin % or its related term are showing as below:
TSE:3840'
s Net Margin % Range Over the Past 10 Years
Min: -53.86 Med: -18.62 Max: 4.28
Current: -52.19
TSE:3840's Net Margin % is ranked worse than 93.66% of 1073
companies
in the Business Services industry
Industry Median: 3.97
vs TSE:3840: -52.19
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.
PATH Net Margin % Related Terms
PATH Net Margin % Historical Data
* Premium members only.
The historical data trend for PATH'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.
TSE:3840 vs CTAS, CPRT, GPN: Net Margin % Comparison
For the Specialty Business Services subindustry, PATH'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.
PATH Net Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, PATH's Net Margin % distribution charts can be found below:
* The bar in red indicates where PATH'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.
PATH (TSE:3840) has a Net Margin % of -131.44% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on PATH and its competitors. According to the industry distribution chart, PATH ranks #1005 out of 1073 companies in the Business Services industry, placing it in the top 93.7%.
Is PATH's Net Margin % too high?
PATH's current Net Margin % is -131.44%. Based on the distribution chart, PATH ranks #1005 out of 1073 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, PATH has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PATH's Net Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PATH ranks #1005 out of 1073 companies for Net Margin %. This places PATH in the lower half of its industry. The industry median Net Margin % is 3.97. 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 Business Services company?
The median Net Margin % among Business Services companies is 3.97, based on 1,073 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 PATH and its competitors. For the Business Services industry, the median Net Margin % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PATH's current Net Margin % is -131.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PATH stock overvalued right now?
Based on GuruFocus' analysis, PATH (TSE:3840) is currently considered Possible Value Trap. The stock's GF Value™ is 円85.28, compared to a current price of 円59.00 — trading 30.8% below its estimated fair value. The current Net Margin % is -131.44%. PATH's overall GF Score™ is 49/100 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 PATH (TSE:3840), the current Net Margin % is -131.44% 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 PATH (TSE:3840) Overvalued in 2026?
Based on GuruFocus' analysis, PATH stock appears to be undervalued.
The current stock price of 円59.00 is trading 30.8% below its estimated GF Value™ of 円85.28.
GuruFocus considers PATH to be Possible Value Trap.
Key valuation signals for TSE:3840:
Net Margin %: -131.44%
GF Value™: 円85.28 vs. price of 円59.00 (30.8% below fair value)
No single metric tells the full story. See the TSE:3840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PATH Corp is a business service provider. The company offers consulting services which include planning and proposing new businesses using block chain technology, implementing and introducing systems, and procuring means for new business funds, and mail order related business.
49GF Score
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