Hokkaido Gas Co (TSE:9534) OCF Margin %: 28.69% (As of Mar. 2026) — 85% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9534 Hokkaido Gas Co Ltd TSE:9534
74 GF Score
Price 円776.00
GF Value 円568.93
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hokkaido Gas Co OCF Margin %?

Hokkaido Gas Co TSE:9534 +0.26% 74 OCF Margin % is 28.69% as of Mar. 2026, which is 85% above its 10-year median of 15.51. GuruFocus rates TSE:9534 with a GF Score™ of 74/100 and a GF Value™ of 円568.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 498 Utilities - Regulated companies, Hokkaido Gas Co ranks worse than 58.43% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Hokkaido Gas Co's Cash Flow from Operations for the three months ended in Mar. 2026 was 円17,147 Mil. Hokkaido Gas Co's Revenue for the three months ended in Mar. 2026 was 円59,767 Mil. Therefore, Hokkaido Gas Co's OCF Margin % for the quarter that ended in Mar. 2026 was 28.69%.

As of today, Hokkaido Gas Co's current OCF Yield % is 40.02%.

The historical rank and industry rank for Hokkaido Gas Co's OCF Margin % or its related term are showing as below:

TSE:9534' s OCF Margin % Range Over the Past 10 Years
Min: 3.83   Med: 15.51   Max: 18.96
Current: 15.49


During the past 13 years, the highest OCF Margin % of Hokkaido Gas Co was 18.96%. The lowest was 3.83%. And the median was 15.51%.

TSE:9534's OCF Margin % is ranked worse than
58.43% of 498 companies
in the Utilities - Regulated industry
Industry Median: 19.29 vs TSE:9534: 15.49


Hokkaido Gas Co OCF Margin % Related Terms


Hokkaido Gas Co OCF Margin % Historical Data

* Premium members only.

The historical data trend for Hokkaido Gas Co'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.

Hokkaido Gas Co OCF Margin % Chart

Hokkaido Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.53 3.83 18.22 17.52 15.49

Hokkaido Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.84 10.19 32.60 -11.06 28.69

TSE:9534 vs ATO, NI: OCF Margin % Comparison

For the Utilities - Regulated Gas subindustry, Hokkaido Gas Co'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.


Hokkaido Gas Co OCF Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Hokkaido Gas Co's OCF Margin % falls into.


TSE:9534
74GF Score
Hokkaido Gas Co Ltd TSE:9534
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokkaido Gas Co OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Hokkaido Gas Co's OCF Margin for the fiscal year that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=27028/174519
=15.49 %

Hokkaido Gas Co's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=17147/59767
=28.69 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 28.69% mean?
Hokkaido Gas Co (TSE:9534) has a OCF Margin % of 28.69% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Hokkaido Gas Co and its competitors. This is 85% above median its historical median of 15.51. Over the past decade, Hokkaido Gas Co's OCF Margin % has ranged from 3.83 to 18.96. According to the industry distribution chart, Hokkaido Gas Co ranks #291 out of 498 companies in the Utilities - Regulated industry, placing it in the top 58.4%.
Is Hokkaido Gas Co's OCF Margin % too high?
Hokkaido Gas Co's current OCF Margin % of 28.69% is 85% above median its 10-year median of 15.51. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 18.96. The Utilities - Regulated industry median OCF Margin % is 19.29. Hokkaido Gas Co's value of 28.69% is 48.7% above this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #291 out of 498 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Hokkaido Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's OCF Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #291 out of 498 companies for OCF Margin %. This places Hokkaido Gas Co in the lower half of its industry. The industry median OCF Margin % is 19.29. Hokkaido Gas Co's value of 28.69% is 48.7% above this benchmark. Historically, Hokkaido Gas Co's own OCF Margin % has ranged from 3.83 to 18.96 over the past decade. While the company's 10-year median is 15.51 vs. the industry median of 19.29, Hokkaido Gas 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 OCF Margin % for an Utilities - Regulated company?
The median OCF Margin % among Utilities - Regulated companies is 19.29, based on 498 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. Hokkaido Gas Co's current OCF Margin % of 28.69% is 48.7% 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median OCF Margin % is 19.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current OCF Margin % is 28.69%, which is 85% above median its own 10-year median of 15.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.93, compared to a current price of 円776.00 — trading 36.4% above its estimated fair value. The current OCF Margin % is 28.69%, which is 85% above median its 10-year median of 15.51 and 48.7% above the Utilities - Regulated industry median of 19.29. Hokkaido Gas Co's overall GF Score™ is 74/100 with 2 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 Hokkaido Gas Co (TSE:9534), the current OCF Margin % is 28.69% 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?

Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued. The current stock price of 円776.00 is trading 36.4% above its estimated GF Value™ of 円568.93. GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.

Key valuation signals for TSE:9534:

  • OCF Margin %: 28.69% (85% above median its 10-year median of 15.51)
  • GF Value™: 円568.93 vs. price of 円776.00 (36.4% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 48.7% above the Utilities - Regulated median (#291 of 498)

No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokkaido Gas Co Business Description

Address Kita 7-jo Higashi 2-chome 1-1, Sapporo City Higashi Ward, Sapporo, JPN
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score

Get the complete analysis for TSE:9534

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円776.00
Price
円568.93
GF Value