Afry ABCHIX:AFRYS 70 Operating Margin % is 6.67% as of Mar. 2026, which is 6% below its 10-year median of 7.06. GuruFocus rates CHIX:AFRYS with a GF Score™ of 70/100 and a GF Value™ of kr150.96 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,767 Construction companies, Afry AB ranks better than 61.4% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Afry AB's Operating Income for the
three
months ended in Mar. 2026 was kr422 Mil. Afry AB's Revenue for the
three
months ended in Mar. 2026 was kr6,325 Mil. Therefore, Afry AB's Operating Margin % for the quarter that ended in Mar. 2026 was 6.67%.
Warning Sign:
Afry AB operating margin has been in a 5-year decline. The average rate of decline per year is -4%.
The historical rank and industry rank for Afry AB's Operating Margin % or its related term are showing as below:
CHIX:AFRYs'
s Operating Margin % Range Over the Past 10 Years
Min: 5.44 Med: 7.06 Max: 8.95
Current: 7.95
CHIX:AFRYs's Operating Margin % is ranked better than 61.4% of 1767
companies
in the Construction industry
Industry Median: 5.89
vs CHIX:AFRYs: 7.95
Afry AB's 5-Year Average Operating Margin % Growth Rate was -4.00% per year.
Afry AB's Operating Income for the
three
months ended in Mar. 2026 was kr422 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr2,014 Mil.
Afry AB (CHIX:AFRYs) 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.
Afry AB Operating Margin % Related Terms
Afry AB Operating Margin % Historical Data
* Premium members only.
The historical data trend for Afry AB'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.
CHIX:AFRYS vs PWR, FIX, EME: Operating Margin % Comparison
For the Engineering & Construction subindustry, Afry AB'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.
Afry AB Operating Margin % vs Construction Industry
For the Construction industry and Industrials sector, Afry AB's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Afry AB'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.
Afry AB'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.
Afry AB (CHIX:AFRYS) has a Operating Margin % of 6.67% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Afry AB and its competitors. This is near median its historical median of 7.06. Over the past decade, Afry AB's Operating Margin % has ranged from 5.44 to 8.95. According to the industry distribution chart, Afry AB ranks #682 out of 1767 companies in the Construction industry, placing it in the top 38.6%.
Is Afry AB's Operating Margin % too high?
Afry AB's current Operating Margin % of 6.67% is near median its 10-year median of 7.06. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 8.95. The Construction industry median Operating Margin % is 5.89. Afry AB's value of 6.67% is 13.2% above this industry median. Based on the distribution chart, Afry AB ranks #682 out of 1767 companies in the Construction industry, which is above the industry midpoint. Overall, Afry AB has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afry AB's Operating Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Afry AB ranks #682 out of 1767 companies for Operating Margin %. This puts Afry AB in the upper half of its industry. The industry median Operating Margin % is 5.89. Afry AB's value of 6.67% is 13.2% above this benchmark. Historically, Afry AB's own Operating Margin % has ranged from 5.44 to 8.95 over the past decade. While the company's 10-year median is 7.06 vs. the industry median of 5.89, Afry AB 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. Afry AB's current Operating Margin % of 6.67% is 13.2% 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 Afry AB 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. Afry AB's current Operating Margin % is 6.67%, which is near median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afry AB stock overvalued right now?
Based on GuruFocus' analysis, Afry AB (CHIX:AFRYS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr150.96, compared to a current price of kr112.50 — trading 25.5% below its estimated fair value. The current Operating Margin % is 6.67%, which is near median its 10-year median of 7.06 and 13.2% above the Construction industry median of 5.89. Afry AB's overall GF Score™ is 70/100 with 4 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 Afry AB (CHIX:AFRYS), the current Operating Margin % is 6.67% 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 Afry AB (CHIX:AFRYS) Overvalued in 2026?
Based on GuruFocus' analysis, Afry AB stock appears to be undervalued.
The current stock price of kr112.50 is trading 25.5% below its estimated GF Value™ of kr150.96.
GuruFocus considers Afry AB to be Modestly Undervalued.
Key valuation signals for CHIX:AFRYS:
Operating Margin %: 6.67% (near median its 10-year median of 7.06)
GF Value™: kr150.96 vs. price of kr112.50 (25.5% below fair value)
Industry Position: 13.2% above the Construction median (#682 of 1767)
No single metric tells the full story. See the CHIX:AFRYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. The business divisions of the company includes Hydro, Nuclear, Thermal, Transmission & Distribution, Renewables & Energy Storage, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals.
70GF Score
Get the complete analysis for CHIX:AFRYS
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:AFRYS has been successfully added to your 
