Serko (ASX:SKO) Operating Margin %: -15.40% (As of Mar. 2026)


ASX:SKO Serko Ltd ASX:SKO
74 GF Score
Price A$1.16
GF Value A$4.95
Valuation Significantly Undervalued
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What is Serko Operating Margin %?

Serko ASX:SKO -10.77% 74 Operating Margin % is -15.40% as of Mar. 2026. GuruFocus rates ASX:SKO with a GF Score™ of 74/100 and a GF Value™ of A$4.95 (Significantly Undervalued). Among 2,818 Software companies, Serko ranks worse than 73.67% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Serko's Operating Income for the six months ended in Mar. 2026 was A$-7.5 Mil. Serko's Revenue for the six months ended in Mar. 2026 was A$48.6 Mil. Therefore, Serko's Operating Margin % for the quarter that ended in Mar. 2026 was -15.40%.

Good Sign:

Serko Ltd operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Serko's Operating Margin % or its related term are showing as below:

ASX:SKO' s Operating Margin % Range Over the Past 10 Years
Min: -261.14   Med: -30.95   Max: 1.4
Current: -10.85


ASX:SKO's Operating Margin % is ranked worse than
73.67% of 2818 companies
in the Software industry
Industry Median: 3.875 vs ASX:SKO: -10.85

Serko's 5-Year Average Operating Margin % Growth Rate was 49.10% per year.

Serko's Operating Income for the six months ended in Mar. 2026 was A$-7.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was A$-11.0 Mil.


Serko  (ASX:SKO) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Serko Operating Margin % Related Terms


Serko Operating Margin % Historical Data

* Premium members only.

The historical data trend for Serko's Operating 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.

Serko Operating Margin % Chart

Serko Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -208.35 -78.11 -30.47 -21.61 -10.85

Serko Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating 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 -34.48 -22.15 -21.14 -6.51 -15.40

ASX:SKO vs MSFT, ORCL, PLTR: Operating Margin % Comparison

For the Software - Infrastructure subindustry, Serko's Operating Margin %, along with its competitors' market caps and Operating 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.


Serko Operating Margin % vs Software Industry

For the Software industry and Technology sector, Serko's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Serko's Operating Margin % falls into.


ASX:SKO
74GF Score
Serko Ltd ASX:SKO
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Serko Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Serko's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=-10.793 / 99.493
=-10.85 %

Serko's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-7.48 / 48.566
=-15.40 %

* 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 Operating Margin % →
What does a Operating Margin % of -15.40% mean?
Serko (ASX:SKO) has a Operating Margin % of -15.40% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Serko and its competitors. According to the industry distribution chart, Serko ranks #2076 out of 2818 companies in the Software industry, placing it in the top 73.7%.
Is Serko's Operating Margin % too high?
Serko's current Operating Margin % is -15.40%. Based on the distribution chart, Serko ranks #2076 out of 2818 companies in the Software industry, which is below the industry midpoint. Overall, Serko has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Serko's Operating Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Serko ranks #2076 out of 2818 companies for Operating Margin %. This places Serko in the lower half of its industry. The industry median Operating Margin % is 3.88. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Software company?
The median Operating Margin % among Software companies is 3.88, based on 2,818 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Serko and its competitors. For the Software industry, the median Operating Margin % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Serko's current Operating Margin % is -15.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Serko stock overvalued right now?
Based on GuruFocus' analysis, Serko (ASX:SKO) is currently considered Significantly Undervalued. The stock's GF Value™ is A$4.95, compared to a current price of A$1.16 — trading 76.6% below its estimated fair value. The current Operating Margin % is -15.40%. Serko's overall GF Score™ is 74/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Serko (ASX:SKO), the current Operating Margin % is -15.40% 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 Serko (ASX:SKO) Overvalued in 2026?

Based on GuruFocus' analysis, Serko stock appears to be undervalued. The current stock price of A$1.16 is trading 76.6% below its estimated GF Value™ of A$4.95. GuruFocus considers Serko to be Significantly Undervalued.

Key valuation signals for ASX:SKO:

  • Operating Margin %: -15.40%
  • GF Value™: A$4.95 vs. price of A$1.16 (76.6% below fair value)
  • GF Score™: 74/100

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


Serko Business Description

Other Exchanges SERKF:USASKO:New Zealand
Address 125 The Strand Parnell, Level 1, Saatchi Building, Auckland, NZL, 1010
Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company's products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand, the US, India, Singapore, and Others. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms.
74GF Score

Get the complete analysis for ASX:SKO

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

A$1.16
Price
A$4.95
GF Value