Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) 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 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Operating Margin % Related Terms
Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Operating Margin % Chart
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Annual Data
* 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Operating Margin % vs REITs Industry
Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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.
* 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) has a Operating Margin % of 84.61% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors. This is near median its historical median of 86.11. Over the past decade, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's Operating Margin % has ranged from 57.63 to 92.90. According to the industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #68 out of 747 companies in the REITs industry, placing it in the top 9.1%.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade's Operating Margin % too high?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current Operating Margin % of 84.61% is near median its 10-year median of 86.11. Over the past 10 years, this metric has ranged from a low of 57.63 to a high of 92.90. The REITs industry median Operating Margin % is 52.63. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 84.61% is 60.8% above this industry median. Based on the distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #68 out of 747 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Patria Malls Fundo de Investimento Imobiliario Responsabilidade has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Malls Fundo de Investimento Imobiliario Responsabilidade's Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #68 out of 747 companies for Operating Margin %. This places Patria Malls Fundo de Investimento Imobiliario Responsabilidade in the top 9% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.63. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 84.61% is 60.8% above this benchmark. Historically, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's own Operating Margin % has ranged from 57.63 to 92.90 over the past decade. While the company's 10-year median is 86.11 vs. the industry median of 52.63, Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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 52.63, based on 747 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. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current Operating Margin % of 84.61% is 60.8% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors. For the REITs industry, the median Operating Margin % is 52.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current Operating Margin % is 84.61%, which is near median its own 10-year median of 86.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock overvalued right now?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$125.47, compared to a current price of R$106.14 — trading 15.4% below its estimated fair value. The current Operating Margin % is 84.61%, which is near median its 10-year median of 86.11 and 60.8% above the REITs industry median of 52.63. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's overall GF Score™ is 79/100 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11), the current Operating Margin % is 84.61% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock appears to be undervalued.
The current stock price of R$106.14 is trading 15.4% below its estimated GF Value™ of R$125.47.
GuruFocus considers Patria Malls Fundo de Investimento Imobiliario Responsabilidade to be Modestly Undervalued.
Key valuation signals for BSP:PMLL11:
Operating Margin %: 84.61% (near median its 10-year median of 86.11)
GF Value™: R$125.47 vs. price of R$106.14 (15.4% below fair value)
Industry Position: 60.8% above the REITs median (#68 of 747)
No single metric tells the full story. See the BSP:PMLL11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Business Description
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Ltd Formerly Malls Brasil Fundo Investimento Imobiliario, formerly Malls Brasil Plural Fundo De Investimento Imobiliario is a Brazalian real estate investment firm. The company is engaged in investing in malls and shopping centres including Maceio Shopping.
79GF Score
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