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.
Fundo Investimento Imobiliario SC 401 Operating Margin % Related Terms
Fundo Investimento Imobiliario SC 401 Operating Margin % Historical Data
* 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.
BSP:FISC11 vs VICI, WPC: Operating Margin % Comparison
For the REIT - Diversified subindustry, Fundo Investimento Imobiliario SC 401'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.
Fundo Investimento Imobiliario SC 401 Operating Margin % vs REITs Industry
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.
* 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.
Fundo Investimento Imobiliario SC 401 (BSP:FISC11) has a Operating Margin % of 75.77% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Fundo Investimento Imobiliario SC 401 and its competitors. This is 142% above median its historical median of 31.26. Over the past decade, Fundo Investimento Imobiliario SC 401's Operating Margin % has ranged from 22.19 to 77.32. According to the industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #121 out of 750 companies in the REITs industry, placing it in the top 16.1%.
Is Fundo Investimento Imobiliario SC 401's Operating Margin % too high?
Fundo Investimento Imobiliario SC 401's current Operating Margin % of 75.77% is 142% above median its 10-year median of 31.26. Over the past 10 years, this metric has ranged from a low of 22.19 to a high of 77.32. The REITs industry median Operating Margin % is 52.67. Fundo Investimento Imobiliario SC 401's value of 75.77% is 43.9% above this industry median. Based on the distribution chart, Fundo Investimento Imobiliario SC 401 ranks #121 out of 750 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo Investimento Imobiliario SC 401 has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario SC 401's Operating Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #121 out of 750 companies for Operating Margin %. This places Fundo Investimento Imobiliario SC 401 in the top 16% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.67. Fundo Investimento Imobiliario SC 401's value of 75.77% is 43.9% above this benchmark. Historically, Fundo Investimento Imobiliario SC 401's own Operating Margin % has ranged from 22.19 to 77.32 over the past decade. While the company's 10-year median is 31.26 vs. the industry median of 52.67, Fundo Investimento Imobiliario SC 401 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 REITs company?
The median Operating Margin % among REITs companies is 52.67, based on 750 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. Fundo Investimento Imobiliario SC 401's current Operating Margin % of 75.77% is 43.9% 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 Fundo Investimento Imobiliario SC 401 and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Investimento Imobiliario SC 401's current Operating Margin % is 75.77%, which is 142% above median its own 10-year median of 31.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario SC 401 stock overvalued right now?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 (BSP:FISC11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$95.51, compared to a current price of R$68.25 — trading 28.5% below its estimated fair value. The current Operating Margin % is 75.77%, which is 142% above median its 10-year median of 31.26 and 43.9% above the REITs industry median of 52.67. Fundo Investimento Imobiliario SC 401's overall GF Score™ is 71/100 with 2 warning signs to review. 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 Fundo Investimento Imobiliario SC 401 (BSP:FISC11), the current Operating Margin % is 75.77% 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 Fundo Investimento Imobiliario SC 401 (BSP:FISC11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 stock appears to be undervalued.
The current stock price of R$68.25 is trading 28.5% below its estimated GF Value™ of R$95.51.
GuruFocus considers Fundo Investimento Imobiliario SC 401 to be Modestly Undervalued.
Key valuation signals for BSP:FISC11:
Operating Margin %: 75.77% (142% above median its 10-year median of 31.26)
GF Value™: R$95.51 vs. price of R$68.25 (28.5% below fair value)
Industry Position: 43.9% above the REITs median (#121 of 750)
No single metric tells the full story. See the BSP:FISC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo Investimento Imobiliario SC 401 Business Description
Fundo Investimento Imobiliario SC 401 is a structured fund operated by UNITS BR-CAPITAL. The fund owns stores and office complexes for the lease of Square SC, a multipurpose development located in Florianopolis/SC, and Mall W Tower, a mall located in Caxias do Sul/RS. The fund owns stores and corporate offices in Square SC, in addition to owning the rotating parking lot and owns stores in the Mall W Tower and the rotating parking in the Mall.
71GF Score
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