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Cohen & SteersCNS -1.04%77 Operating Margin % is 41.93% as of Jun. 2026, which is 8% above its 10-year median of 38.88. GuruFocus rates CNS with a GF Score™ of 77/100 and a GF Value™ of $82.88 (Fairly Valued). The stock has 10 warning signs investors should review. Among 656 Asset Management companies, Cohen & Steers ranks better than 65.24% 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.
Cohen & Steers Operating Margin % Related Terms
Cohen & Steers Operating Margin % Historical Data
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The historical data trend for Cohen & Steers'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.
CNS vs DNP, FHI, OTF: Operating Margin % Comparison
For the Asset Management subindustry, Cohen & Steers'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.
Cohen & Steers Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cohen & Steers's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Cohen & Steers'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.
Cohen & Steers'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.
Cohen & Steers (CNS) has a Operating Margin % of 41.93% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Cohen & Steers and its competitors. This is near median its historical median of 38.88. Over the past decade, Cohen & Steers' Operating Margin % has ranged from 22.84 to 44.87. According to the industry distribution chart, Cohen & Steers ranks #228 out of 656 companies in the Asset Management industry, placing it in the top 34.8%.
Is Cohen & Steers' Operating Margin % too high?
Cohen & Steers' current Operating Margin % of 41.93% is near median its 10-year median of 38.88. Over the past 10 years, this metric has ranged from a low of 22.84 to a high of 44.87. The Asset Management industry median Operating Margin % is 16.71. Cohen & Steers' value of 41.93% is 150.9% above this industry median. Based on the distribution chart, Cohen & Steers ranks #228 out of 656 companies in the Asset Management industry, which is above the industry midpoint. Overall, Cohen & Steers has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cohen & Steers' Operating Margin % compare to DNP and FHI?
According to the Asset Management industry distribution chart, Cohen & Steers ranks #228 out of 656 companies for Operating Margin %. This puts Cohen & Steers in the upper half of its industry. The industry median Operating Margin % is 16.71. Cohen & Steers' value of 41.93% is 150.9% above this benchmark. Historically, Cohen & Steers' own Operating Margin % has ranged from 22.84 to 44.87 over the past decade. While the company's 10-year median is 38.88 vs. the industry median of 16.71, Cohen & Steers 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 an Asset Management company?
The median Operating Margin % among Asset Management companies is 16.71, based on 656 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. Cohen & Steers's current Operating Margin % of 41.93% is 150.9% 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 Cohen & Steers and its competitors. For the Asset Management industry, the median Operating Margin % is 16.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cohen & Steers's current Operating Margin % is 41.93%, which is near median its own 10-year median of 38.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cohen & Steers stock overvalued right now?
Based on GuruFocus' analysis, Cohen & Steers (CNS) is currently considered Fairly Valued. The stock's GF Value™ is $82.88, compared to a current price of $83.60 — trading 0.9% above its estimated fair value. The current Operating Margin % is 41.93%, which is near median its 10-year median of 38.88 and 150.9% above the Asset Management industry median of 16.71. Cohen & Steers' overall GF Score™ is 77/100 with 10 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 Cohen & Steers (CNS), the current Operating Margin % is 41.93% as of Jun. 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 Cohen & Steers (CNS) Overvalued in 2026?
Based on GuruFocus' analysis, Cohen & Steers stock appears to be overvalued.
The current stock price of $83.60 is trading 0.9% above its estimated GF Value™ of $82.88.
GuruFocus considers Cohen & Steers to be Fairly Valued.
Key valuation signals for CNS:
Operating Margin %: 41.93% (near median its 10-year median of 38.88)
GF Value™: $82.88 vs. price of $83.60 (0.9% above fair value)
Industry Position: 150.9% above the Asset Management median (#228 of 656)
No single metric tells the full story. See the CNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests primarily in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for nearly two-thirds of its $99.5 billion in managed assets at the end of May 2026. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 39% (25%) of its managed assets (base management fees) from institutional clients, 48% (55%) from open-end funds, and 13% (20%) from closed-end funds.
77GF Score
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