Positivo TecnologiaBSP:POSI3 -0.25%74 Operating Margin % is 6.92% as of Mar. 2026, which is 14% below its 10-year median of 8.06. GuruFocus rates BSP:POSI3 with a GF Score™ of 74/100 and a GF Value™ of R$5.42 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,471 Hardware companies, Positivo Tecnologia ranks better than 67.3% 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.
Positivo Tecnologia Operating Margin % Related Terms
Positivo Tecnologia Operating Margin % Historical Data
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The historical data trend for Positivo Tecnologia'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.
BSP:POSI3 vs DELL, SNDK, ANET: Operating Margin % Comparison
For the Computer Hardware subindustry, Positivo Tecnologia'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.
Positivo Tecnologia Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Positivo Tecnologia's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Positivo Tecnologia'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.
Positivo Tecnologia'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.
Positivo Tecnologia (BSP:POSI3) has a Operating Margin % of 6.92% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Positivo Tecnologia and its competitors. This is 14% below median its historical median of 8.06. Over the past decade, Positivo Tecnologia's Operating Margin % has ranged from 2.52 to 14.59. According to the industry distribution chart, Positivo Tecnologia ranks #808 out of 2471 companies in the Hardware industry, placing it in the top 32.7%.
Is Positivo Tecnologia's Operating Margin % too high?
Positivo Tecnologia's current Operating Margin % of 6.92% is 14% below median its 10-year median of 8.06. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 14.59. The Hardware industry median Operating Margin % is 3.80. Positivo Tecnologia's value of 6.92% is 82.1% above this industry median. Based on the distribution chart, Positivo Tecnologia ranks #808 out of 2471 companies in the Hardware industry, which is above the industry midpoint. Overall, Positivo Tecnologia has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Positivo Tecnologia's Operating Margin % compare to DELL and SNDK?
According to the Hardware industry distribution chart, Positivo Tecnologia ranks #808 out of 2471 companies for Operating Margin %. This puts Positivo Tecnologia in the upper half of its industry. The industry median Operating Margin % is 3.80. Positivo Tecnologia's value of 6.92% is 82.1% above this benchmark. Historically, Positivo Tecnologia's own Operating Margin % has ranged from 2.52 to 14.59 over the past decade. While the company's 10-year median is 8.06 vs. the industry median of 3.80, Positivo Tecnologia 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.80, based on 2,471 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. Positivo Tecnologia's current Operating Margin % of 6.92% is 82.1% 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 Positivo Tecnologia and its competitors. For the Hardware industry, the median Operating Margin % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Positivo Tecnologia's current Operating Margin % is 6.92%, which is 14% below median its own 10-year median of 8.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Positivo Tecnologia stock overvalued right now?
Based on GuruFocus' analysis, Positivo Tecnologia (BSP:POSI3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$5.42, compared to a current price of R$3.93 — trading 27.5% below its estimated fair value. The current Operating Margin % is 6.92%, which is 14% below median its 10-year median of 8.06 and 82.1% above the Hardware industry median of 3.80. Positivo Tecnologia's overall GF Score™ is 74/100 with 7 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 Positivo Tecnologia (BSP:POSI3), the current Operating Margin % is 6.92% 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 Positivo Tecnologia (BSP:POSI3) Overvalued in 2026?
Based on GuruFocus' analysis, Positivo Tecnologia stock appears to be undervalued.
The current stock price of R$3.93 is trading 27.5% below its estimated GF Value™ of R$5.42.
GuruFocus considers Positivo Tecnologia to be Modestly Undervalued.
Key valuation signals for BSP:POSI3:
Operating Margin %: 6.92% (14% below median its 10-year median of 8.06)
GF Value™: R$5.42 vs. price of R$3.93 (27.5% below fair value)
Industry Position: 82.1% above the Hardware median (#808 of 2471)
No single metric tells the full story. See the BSP:POSI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Positivo Tecnologia SA is a technology company. The Company is mainly engaged in the manufacturing, sale, and development of information technology projects; the manufacturing, sale, and lease of software and hardware; the sale of IT equipment, educational application systems, and school administration systems, as well as planning and providing technical and educational support; the representation, sale, implementation, training, and provision of technical support services for equipment and technical, technological, and scientific education systems across various fields; the development, manufacturing, and sale of electronic voting machines; and the provision of services in the information technology industry, including managed IT services.
74GF Score
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