NZXNZSE:NZX -2.07%90 OCF Margin % is 51.71% as of Dec. 2025, which is 64% above its 10-year median of 31.49. GuruFocus rates NZSE:NZX with a GF Score™ of 90/100 and a GF Value™ of NZ$1.56 (Fairly Valued). The stock has 5 warning signs investors should review. Among 774 Capital Markets companies, NZX ranks better than 69.25% on this metric.
OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. NZX's Cash Flow from Operations for the
six
months ended in Dec. 2025 was NZ$34.7 Mil. NZX's Revenue for the
six
months ended in Dec. 2025 was NZ$67.2 Mil. Therefore, NZX's OCF Margin % for the quarter that ended in Dec. 2025 was 51.71%.
The historical rank and industry rank for NZX's OCF Margin % or its related term are showing as below:
NZSE:NZX'
s OCF Margin % Range Over the Past 10 Years
Min: 17.5 Med: 31.49 Max: 39.93
Current: 30.65
During the past 13 years, the highest OCF Margin % of NZX was 39.93%. The lowest was 17.50%. And the median was 31.49%.
NZSE:NZX's OCF Margin % is ranked better than 69.25% of 774
companies
in the Capital Markets industry
Industry Median: 3.445
vs NZSE:NZX: 30.65
NZX OCF Margin % Related Terms
NZX OCF Margin % Historical Data
* Premium members only.
The historical data trend for NZX's OCF 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.
NZSE:NZX vs SPGI, CME, MCO: OCF Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, NZX's OCF Margin %, along with its competitors' market caps and OCF 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.
NZX OCF Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, NZX's OCF Margin % distribution charts can be found below:
* The bar in red indicates where NZX's OCF 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.
NZX (NZSE:NZX) has a OCF Margin % of 51.71% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on NZX and its competitors. This is 64% above median its historical median of 31.49. Over the past decade, NZX's OCF Margin % has ranged from 17.50 to 39.93. According to the industry distribution chart, NZX ranks #238 out of 774 companies in the Capital Markets industry, placing it in the top 30.7%.
Is NZX's OCF Margin % too high?
NZX's current OCF Margin % of 51.71% is 64% above median its 10-year median of 31.49. Over the past 10 years, this metric has ranged from a low of 17.50 to a high of 39.93. The Capital Markets industry median OCF Margin % is 3.45. NZX's value of 51.71% is 1401% above this industry median. Based on the distribution chart, NZX ranks #238 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, NZX has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NZX's OCF Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, NZX ranks #238 out of 774 companies for OCF Margin %. This puts NZX in the upper half of its industry. The industry median OCF Margin % is 3.45. NZX's value of 51.71% is 1401% above this benchmark. Historically, NZX's own OCF Margin % has ranged from 17.50 to 39.93 over the past decade. While the company's 10-year median is 31.49 vs. the industry median of 3.45, NZX 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 OCF Margin % for a Capital Markets company?
The median OCF Margin % among Capital Markets companies is 3.45, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NZX's current OCF Margin % of 51.71% is 1401% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on NZX and its competitors. For the Capital Markets industry, the median OCF Margin % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NZX's current OCF Margin % is 51.71%, which is 64% above median its own 10-year median of 31.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NZX stock overvalued right now?
Based on GuruFocus' analysis, NZX (NZSE:NZX) is currently considered Fairly Valued. The stock's GF Value™ is NZ$1.56, compared to a current price of NZ$1.42 — trading 9% below its estimated fair value. The current OCF Margin % is 51.71%, which is 64% above median its 10-year median of 31.49 and 1401% above the Capital Markets industry median of 3.45. NZX's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For NZX (NZSE:NZX), the current OCF Margin % is 51.71% 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 NZX (NZSE:NZX) Overvalued in 2026?
Based on GuruFocus' analysis, NZX stock appears to be undervalued.
The current stock price of NZ$1.42 is trading 9% below its estimated GF Value™ of NZ$1.56.
GuruFocus considers NZX to be Fairly Valued.
Key valuation signals for NZSE:NZX:
OCF Margin %: 51.71% (64% above median its 10-year median of 31.49)
GF Value™: NZ$1.56 vs. price of NZ$1.42 (9% below fair value)
Industry Position: 1401% above the Capital Markets median (#238 of 774)
No single metric tells the full story. See the NZSE:NZX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NZX Ltd operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of its markets, it provides trading, clearing, settlement, depository, and information services for its customers. The company also owns Smart, New Zealand issuer of listed Exchange Traded Funds (ETFs); KiwiSaver, investment, superannuation and insurance provider SuperLife; and diversified fund manager QuayStreet Asset Management. Its segments include Markets, Funds Management (Smart), Wealth Technologies, and Corporate. It derives majority of the revenue from Markets segment which includes Capital Markets Origination, Secondary Markets, and Information Services.
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