Kernel HoldingWAR:KER -0.31%63 Net Margin % is 7.53% as of Mar. 2026, which is 42% above its 10-year median of 5.29. GuruFocus rates WAR:KER with a GF Score™ of 63/100 and a GF Value™ of zł13.28 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 310 Retail - Defensive companies, Kernel Holding ranks better than 80.97% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Kernel Holding's Net Income for the
three
months ended in Mar. 2026 was zł326 Mil. Kernel Holding's Revenue for the
three
months ended in Mar. 2026 was zł4,335 Mil. Therefore, Kernel Holding's net margin for the quarter that ended in Mar. 2026 was 7.53%.
The historical rank and industry rank for Kernel Holding's Net Margin % or its related term are showing as below:
WAR:KER'
s Net Margin % Range Over the Past 10 Years
Min: -0.77 Med: 5.29 Max: 11.32
Current: 5.53
WAR:KER's Net Margin % is ranked better than 80.97% of 310
companies
in the Retail - Defensive industry
Industry Median: 2.155
vs WAR:KER: 5.53
Kernel Holding (WAR:KER) 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.
Kernel Holding Net Margin % Related Terms
Kernel Holding Net Margin % Historical Data
* Premium members only.
The historical data trend for Kernel Holding'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.
WAR:KER vs SYY, USFD, PFGC: Net Margin % Comparison
For the Food Distribution subindustry, Kernel Holding'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.
Kernel Holding Net Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's Net Margin % distribution charts can be found below:
* The bar in red indicates where Kernel Holding'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.
Kernel Holding (WAR:KER) has a Net Margin % of 7.53% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Kernel Holding and its competitors. This is 42% above median its historical median of 5.29. According to the industry distribution chart, Kernel Holding ranks #59 out of 310 companies in the Retail - Defensive industry, placing it in the top 19%.
Is Kernel Holding's Net Margin % too high?
Kernel Holding's current Net Margin % of 7.53% is 42% above median its 10-year median of 5.29. The Retail - Defensive industry median Net Margin % is 2.16. Kernel Holding's value of 7.53% is 249.4% above this industry median. Based on the distribution chart, Kernel Holding ranks #59 out of 310 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Kernel Holding has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's Net Margin % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Kernel Holding ranks #59 out of 310 companies for Net Margin %. This places Kernel Holding in the top 19% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.16. Kernel Holding's value of 7.53% is 249.4% above this benchmark. While the company's 10-year median is 5.29 vs. the industry median of 2.16, Kernel Holding 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 - Defensive company?
The median Net Margin % among Retail - Defensive companies is 2.16, based on 310 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. Kernel Holding's current Net Margin % of 7.53% is 249.4% 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 Kernel Holding and its competitors. For the Retail - Defensive industry, the median Net Margin % is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kernel Holding's current Net Margin % is 7.53%, which is 42% above median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Based on GuruFocus' analysis, Kernel Holding (WAR:KER) is currently considered Significantly Overvalued. The stock's GF Value™ is zł13.28, compared to a current price of zł19.44 — trading 46.4% above its estimated fair value. The current Net Margin % is 7.53%, which is 42% above median its 10-year median of 5.29 and 249.4% above the Retail - Defensive industry median of 2.16. Kernel Holding's overall GF Score™ is 63/100 with 1 warning sign 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 Kernel Holding (WAR:KER), the current Net Margin % is 7.53% 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 Kernel Holding (WAR:KER) Overvalued in 2026?
Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued.
The current stock price of zł19.44 is trading 46.4% above its estimated GF Value™ of zł13.28.
GuruFocus considers Kernel Holding to be Significantly Overvalued.
Key valuation signals for WAR:KER:
Net Margin %: 7.53% (42% above median its 10-year median of 5.29)
GF Value™: zł13.28 vs. price of zł19.44 (46.4% above fair value)
Industry Position: 249.4% above the Retail - Defensive median (#59 of 310)
No single metric tells the full story. See the WAR:KER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
63GF Score
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