JHSF ParticipacoesBSP:JHSF3 -0.92%75 Operating Margin % is 40.78% as of Mar. 2026, which is 14% above its 10-year median of 35.88. GuruFocus rates BSP:JHSF3 with a GF Score™ of 75/100 and a GF Value™ of R$9.56 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,745 Real Estate companies, JHSF Participacoes ranks better than 83.15% 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.
JHSF Participacoes Operating Margin % Related Terms
JHSF Participacoes Operating Margin % Historical Data
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The historical data trend for JHSF Participacoes'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 Real Estate - Development subindustry, JHSF Participacoes'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.
JHSF Participacoes Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, JHSF Participacoes's Operating Margin % distribution charts can be found below:
* The bar in red indicates where JHSF Participacoes'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.
JHSF Participacoes's Operating Margin % for the fiscal year that ended in Dec. 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.
JHSF Participacoes (BSP:JHSF3) has a Operating Margin % of 40.78% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on JHSF Participacoes and its competitors. This is 14% above median its historical median of 35.88. According to the industry distribution chart, JHSF Participacoes ranks #294 out of 1745 companies in the Real Estate industry, placing it in the top 16.8%.
Is JHSF Participacoes' Operating Margin % too high?
JHSF Participacoes' current Operating Margin % of 40.78% is 14% above median its 10-year median of 35.88. The Real Estate industry median Operating Margin % is 13.23. JHSF Participacoes' value of 40.78% is 208.2% above this industry median. Based on the distribution chart, JHSF Participacoes ranks #294 out of 1745 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, JHSF Participacoes has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JHSF Participacoes' Operating Margin % compare to competitors?
According to the Real Estate industry distribution chart, JHSF Participacoes ranks #294 out of 1745 companies for Operating Margin %. This places JHSF Participacoes in the top 17% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.23. JHSF Participacoes' value of 40.78% is 208.2% above this benchmark. While the company's 10-year median is 35.88 vs. the industry median of 13.23, JHSF Participacoes 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 13.23, based on 1,745 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. JHSF Participacoes's current Operating Margin % of 40.78% is 208.2% 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 JHSF Participacoes and its competitors. For the Real Estate industry, the median Operating Margin % is 13.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JHSF Participacoes's current Operating Margin % is 40.78%, which is 14% above median its own 10-year median of 35.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JHSF Participacoes stock overvalued right now?
Based on GuruFocus' analysis, JHSF Participacoes (BSP:JHSF3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$9.56, compared to a current price of R$10.75 — trading 12.4% above its estimated fair value. The current Operating Margin % is 40.78%, which is 14% above median its 10-year median of 35.88 and 208.2% above the Real Estate industry median of 13.23. JHSF Participacoes' overall GF Score™ is 75/100 with 6 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 JHSF Participacoes (BSP:JHSF3), the current Operating Margin % is 40.78% 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 JHSF Participacoes (BSP:JHSF3) Overvalued in 2026?
Based on GuruFocus' analysis, JHSF Participacoes stock appears to be overvalued.
The current stock price of R$10.75 is trading 12.4% above its estimated GF Value™ of R$9.56.
GuruFocus considers JHSF Participacoes to be Modestly Overvalued.
Key valuation signals for BSP:JHSF3:
Operating Margin %: 40.78% (14% above median its 10-year median of 35.88)
GF Value™: R$9.56 vs. price of R$10.75 (12.4% above fair value)
Industry Position: 208.2% above the Real Estate median (#294 of 1745)
No single metric tells the full story. See the BSP:JHSF3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JHSF Participacoes SA is a real estate company. The company is involved in in the development, purchase and sale, as well as lease of residential and commercial properties; the construction and operation of shopping centers; the provision of administration and contract management services, and the operation of hotels and tourist activities. JHSF has four segments of business: Recurring income, Real estate business and airport, Hotels and restaurants and Main administrative office.
75GF Score
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