Smart ParkingASX:SPZ +4.46%90 Operating Margin % is 14.51% as of Dec. 2025, which is 281% above its 10-year median of 3.81. GuruFocus rates ASX:SPZ with a GF Score™ of 90/100 and a GF Value™ of A$1.12 (Modestly Undervalued). Among 1,767 Construction companies, Smart Parking ranks better than 76.68% on this metric.
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 Nokias 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.
Smart Parking Operating Margin % Related Terms
Smart Parking Operating Margin % Historical Data
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The historical data trend for Smart Parking'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.
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking Operating Margin % vs Construction Industry
For the Construction industry and Industrials sector, Smart Parking's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Smart Parking's Operating Margin % falls into.
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.
Smart Parking's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Smart Parking (ASX:SPZ) has a Operating Margin % of 14.51% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Smart Parking and its competitors. This is 281% above median its historical median of 3.81. According to the industry distribution chart, Smart Parking ranks #412 out of 1767 companies in the Construction industry, placing it in the top 23.3%.
Is Smart Parking's Operating Margin % too high?
Smart Parking's current Operating Margin % of 14.51% is 281% above median its 10-year median of 3.81. The Construction industry median Operating Margin % is 5.89. Smart Parking's value of 14.51% is 146.3% above this industry median. Based on the distribution chart, Smart Parking ranks #412 out of 1767 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Parking has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart Parking's Operating Margin % compare to competitors?
According to the Construction industry distribution chart, Smart Parking ranks #412 out of 1767 companies for Operating Margin %. This places Smart Parking in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.89. Smart Parking's value of 14.51% is 146.3% above this benchmark. While the company's 10-year median is 3.81 vs. the industry median of 5.89, Smart Parking 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 Operating Margin % for a Construction company?
The median Operating Margin % among Construction companies is 5.89, based on 1,767 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. Smart Parking's current Operating Margin % of 14.51% is 146.3% 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 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 Smart Parking and its competitors. For the Construction industry, the median Operating Margin % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Parking's current Operating Margin % is 14.51%, which is 281% above median its own 10-year median of 3.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Parking stock overvalued right now?
Based on GuruFocus' analysis, Smart Parking (ASX:SPZ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.12, compared to a current price of A$0.82 — trading 26.8% below its estimated fair value. The current Operating Margin % is 14.51%, which is 281% above median its 10-year median of 3.81 and 146.3% above the Construction industry median of 5.89. Smart Parking's overall GF Score™ is 90/100. 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 Smart Parking (ASX:SPZ), the current Operating Margin % is 14.51% 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 Smart Parking (ASX:SPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Parking stock appears to be undervalued.
The current stock price of A$0.82 is trading 26.8% below its estimated GF Value™ of A$1.12.
GuruFocus considers Smart Parking to be Modestly Undervalued.
Key valuation signals for ASX:SPZ:
Operating Margin %: 14.51% (281% above median its 10-year median of 3.81)
GF Value™: A$1.12 vs. price of A$0.82 (26.8% below fair value)
Industry Position: 146.3% above the Construction median (#412 of 1767)
No single metric tells the full story. See the ASX:SPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has presence in North America; UK and Europe; Asia, and Australia.
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