Belluna CoTSE:9997 +0.32%65 Net Margin % is 7.06% as of Mar. 2026, which is 60% above its 10-year median of 4.41. GuruFocus rates TSE:9997 with a GF Score™ of 65/100 and a GF Value™ of 円805.77 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Belluna Co ranks better than 70.21% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Belluna Co's Net Income for the
three
months ended in Mar. 2026 was 円3,792 Mil. Belluna Co's Revenue for the
three
months ended in Mar. 2026 was 円53,738 Mil. Therefore, Belluna Co's net margin for the quarter that ended in Mar. 2026 was 7.06%.
The historical rank and industry rank for Belluna Co's Net Margin % or its related term are showing as below:
TSE:9997'
s Net Margin % Range Over the Past 10 Years
Min: 2.8 Med: 4.41 Max: 5.98
Current: 5.29
TSE:9997's Net Margin % is ranked better than 70.21% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.33
vs TSE:9997: 5.29
Belluna Co (TSE:9997) 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.
Belluna Co Net Margin % Related Terms
Belluna Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Belluna 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:9997 vs CASY, WSM, ULTA: Net Margin % Comparison
For the Specialty Retail subindustry, Belluna 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.
Belluna Co Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Belluna Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Belluna 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.
Belluna Co (TSE:9997) has a Net Margin % of 7.06% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Belluna Co and its competitors. This is 60% above median its historical median of 4.41. Over the past decade, Belluna Co's Net Margin % has ranged from 2.80 to 5.98. According to the industry distribution chart, Belluna Co ranks #336 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 29.8%.
Is Belluna Co's Net Margin % too high?
Belluna Co's current Net Margin % of 7.06% is 60% above median its 10-year median of 4.41. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 5.98. The Retail - Cyclical industry median Net Margin % is 2.33. Belluna Co's value of 7.06% is 203% above this industry median. Based on the distribution chart, Belluna Co ranks #336 out of 1128 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Belluna Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Belluna Co's Net Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Belluna Co ranks #336 out of 1128 companies for Net Margin %. This puts Belluna Co in the upper half of its industry. The industry median Net Margin % is 2.33. Belluna Co's value of 7.06% is 203% above this benchmark. Historically, Belluna Co's own Net Margin % has ranged from 2.80 to 5.98 over the past decade. While the company's 10-year median is 4.41 vs. the industry median of 2.33, Belluna 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 a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.33, based on 1,128 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. Belluna Co's current Net Margin % of 7.06% is 203% 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 Belluna Co and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belluna Co's current Net Margin % is 7.06%, which is 60% above median its own 10-year median of 4.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belluna Co stock overvalued right now?
Based on GuruFocus' analysis, Belluna Co (TSE:9997) is currently considered Modestly Overvalued. The stock's GF Value™ is 円805.77, compared to a current price of 円946.00 — trading 17.4% above its estimated fair value. The current Net Margin % is 7.06%, which is 60% above median its 10-year median of 4.41 and 203% above the Retail - Cyclical industry median of 2.33. Belluna Co's overall GF Score™ is 65/100 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 Belluna Co (TSE:9997), the current Net Margin % is 7.06% 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 Belluna Co (TSE:9997) Overvalued in 2026?
Based on GuruFocus' analysis, Belluna Co stock appears to be overvalued.
The current stock price of 円946.00 is trading 17.4% above its estimated GF Value™ of 円805.77.
GuruFocus considers Belluna Co to be Modestly Overvalued.
Key valuation signals for TSE:9997:
Net Margin %: 7.06% (60% above median its 10-year median of 4.41)
GF Value™: 円805.77 vs. price of 円946.00 (17.4% above fair value)
Industry Position: 203% above the Retail - Cyclical median (#336 of 1128)
No single metric tells the full story. See the TSE:9997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.
65GF Score
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