Maroc TelecomXPAR:IAM 74 Net Margin % is 14.40% as of Dec. 2025, which is 3% below its 10-year median of 14.84. GuruFocus rates XPAR:IAM with a GF Score™ of 74/100 and a GF Value™ of €9.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 368 Telecommunication Services companies, Maroc Telecom ranks better than 85.87% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Maroc Telecom's Net Income for the
six
months ended in Dec. 2025 was €263 Mil. Maroc Telecom's Revenue for the
six
months ended in Dec. 2025 was €1,828 Mil. Therefore, Maroc Telecom's net margin for the quarter that ended in Dec. 2025 was 14.40%.
The historical rank and industry rank for Maroc Telecom's Net Margin % or its related term are showing as below:
XPAR:IAM'
s Net Margin % Range Over the Past 10 Years
Min: 4.76 Med: 14.84 Max: 18.41
Current: 18.41
XPAR:IAM's Net Margin % is ranked better than 85.87% of 368
companies
in the Telecommunication Services industry
Industry Median: 5.455
vs XPAR:IAM: 18.41
Maroc Telecom (XPAR:IAM) 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.
Maroc Telecom Net Margin % Related Terms
Maroc Telecom Net Margin % Historical Data
* Premium members only.
The historical data trend for Maroc Telecom'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 Telecom Services subindustry, Maroc Telecom'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.
Maroc Telecom Net Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's Net Margin % distribution charts can be found below:
* The bar in red indicates where Maroc Telecom'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.
Maroc Telecom (XPAR:IAM) has a Net Margin % of 14.40% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Maroc Telecom and its competitors. This is near median its historical median of 14.84. Over the past decade, Maroc Telecom's Net Margin % has ranged from 4.76 to 18.41. According to the industry distribution chart, Maroc Telecom ranks #52 out of 368 companies in the Telecommunication Services industry, placing it in the top 14.1%.
Is Maroc Telecom's Net Margin % too high?
Maroc Telecom's current Net Margin % of 14.40% is near median its 10-year median of 14.84. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 18.41. The Telecommunication Services industry median Net Margin % is 5.46. Maroc Telecom's value of 14.40% is 164% above this industry median. Based on the distribution chart, Maroc Telecom ranks #52 out of 368 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Maroc Telecom has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maroc Telecom's Net Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Maroc Telecom ranks #52 out of 368 companies for Net Margin %. This places Maroc Telecom in the top 14% of its industry — outperforming the majority of peers. The industry median Net Margin % is 5.46. Maroc Telecom's value of 14.40% is 164% above this benchmark. Historically, Maroc Telecom's own Net Margin % has ranged from 4.76 to 18.41 over the past decade. While the company's 10-year median is 14.84 vs. the industry median of 5.46, Maroc Telecom 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 Telecommunication Services company?
The median Net Margin % among Telecommunication Services companies is 5.46, based on 368 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. Maroc Telecom's current Net Margin % of 14.40% is 164% 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 Maroc Telecom and its competitors. For the Telecommunication Services industry, the median Net Margin % is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maroc Telecom's current Net Margin % is 14.40%, which is near median its own 10-year median of 14.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maroc Telecom stock overvalued right now?
Based on GuruFocus' analysis, Maroc Telecom (XPAR:IAM) is currently considered Fairly Valued. The stock's GF Value™ is €9.35, compared to a current price of €8.74 — trading 6.5% below its estimated fair value. The current Net Margin % is 14.40%, which is near median its 10-year median of 14.84 and 164% above the Telecommunication Services industry median of 5.46. Maroc Telecom's overall GF Score™ is 74/100 with 4 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 Maroc Telecom (XPAR:IAM), the current Net Margin % is 14.40% as of Dec. 2025. 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 Maroc Telecom (XPAR:IAM) Overvalued in 2026?
Based on GuruFocus' analysis, Maroc Telecom stock appears to be undervalued.
The current stock price of €8.74 is trading 6.5% below its estimated GF Value™ of €9.35.
GuruFocus considers Maroc Telecom to be Fairly Valued.
Key valuation signals for XPAR:IAM:
Net Margin %: 14.40% (near median its 10-year median of 14.84)
GF Value™: €9.35 vs. price of €8.74 (6.5% below fair value)
Industry Position: 164% above the Telecommunication Services median (#52 of 368)
No single metric tells the full story. See the XPAR:IAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.
74GF Score
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