Step CoTSE:9795 +1.91%78 Net Margin % is 20.31% as of Mar. 2026, which is 21% above its 10-year median of 16.82. GuruFocus rates TSE:9795 with a GF Score™ of 78/100 and a GF Value™ of 円2,357.44 (Fairly Valued). Among 258 Education companies, Step Co ranks better than 75.58% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Step Co's Net Income for the
six
months ended in Mar. 2026 was 円1,697 Mil. Step Co's Revenue for the
six
months ended in Mar. 2026 was 円8,357 Mil. Therefore, Step Co's net margin for the quarter that ended in Mar. 2026 was 20.31%.
The historical rank and industry rank for Step Co's Net Margin % or its related term are showing as below:
TSE:9795'
s Net Margin % Range Over the Past 10 Years
Min: 12.29 Med: 16.82 Max: 18.96
Current: 17.04
TSE:9795's Net Margin % is ranked better than 75.58% of 258
companies
in the Education industry
Industry Median: 5.72
vs TSE:9795: 17.04
Step Co (TSE:9795) 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.
Step Co Net Margin % Related Terms
Step Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Step Co'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:9795 vs EDU, TAL, GHC: Net Margin % Comparison
For the Education & Training Services subindustry, Step Co'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.
Step Co Net Margin % vs Education Industry
For the Education industry and Consumer Defensive sector, Step Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Step Co'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.
Step Co (TSE:9795) has a Net Margin % of 20.31% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Step Co and its competitors. This is 21% above median its historical median of 16.82. Over the past decade, Step Co's Net Margin % has ranged from 12.29 to 18.96. According to the industry distribution chart, Step Co ranks #63 out of 258 companies in the Education industry, placing it in the top 24.4%.
Is Step Co's Net Margin % too high?
Step Co's current Net Margin % of 20.31% is 21% above median its 10-year median of 16.82. Over the past 10 years, this metric has ranged from a low of 12.29 to a high of 18.96. The Education industry median Net Margin % is 5.72. Step Co's value of 20.31% is 255.1% above this industry median. Based on the distribution chart, Step Co ranks #63 out of 258 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Step Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Step Co's Net Margin % compare to EDU and TAL?
According to the Education industry distribution chart, Step Co ranks #63 out of 258 companies for Net Margin %. This places Step Co in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 5.72. Step Co's value of 20.31% is 255.1% above this benchmark. Historically, Step Co's own Net Margin % has ranged from 12.29 to 18.96 over the past decade. While the company's 10-year median is 16.82 vs. the industry median of 5.72, Step Co 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 an Education company?
The median Net Margin % among Education companies is 5.72, based on 258 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. Step Co's current Net Margin % of 20.31% is 255.1% 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 Step Co and its competitors. For the Education industry, the median Net Margin % is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Co's current Net Margin % is 20.31%, which is 21% above median its own 10-year median of 16.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step Co stock overvalued right now?
Based on GuruFocus' analysis, Step Co (TSE:9795) is currently considered Fairly Valued. The stock's GF Value™ is 円2,357.44, compared to a current price of 円2,237.00 — trading 5.1% below its estimated fair value. The current Net Margin % is 20.31%, which is 21% above median its 10-year median of 16.82 and 255.1% above the Education industry median of 5.72. Step Co's overall GF Score™ is 78/100. 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 Step Co (TSE:9795), the current Net Margin % is 20.31% 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 Step Co (TSE:9795) Overvalued in 2026?
Based on GuruFocus' analysis, Step Co stock appears to be undervalued.
The current stock price of 円2,237.00 is trading 5.1% below its estimated GF Value™ of 円2,357.44.
GuruFocus considers Step Co to be Fairly Valued.
Key valuation signals for TSE:9795:
Net Margin %: 20.31% (21% above median its 10-year median of 16.82)
GF Value™: 円2,357.44 vs. price of 円2,237.00 (5.1% below fair value)
Industry Position: 255.1% above the Education median (#63 of 258)
No single metric tells the full story. See the TSE:9795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools. The company operates cram schools and after-school care facilities, and produces and edits educational materials, as well as prints and binds books. The company is engaged in providing high school entrance exam preparation courses, Teaching Materials Research Division produces manuscripts and original plates for teaching materials, academic programs, physical education, and shogi (Japanese chess), and other activities.
78GF Score
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