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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dubai Financial Market PJSCDFM:DFM -0.69%97 Operating Margin % is 75.86% as of Mar. 2026, which is 58% above its 10-year median of 47.88. GuruFocus rates DFM:DFM with a GF Score™ of 97/100 and a GF Value™ of د.إ1.89 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 665 Capital Markets companies, Dubai Financial Market PJSC ranks better than 91.58% 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.
Dubai Financial Market PJSC Operating Margin % Related Terms
Dubai Financial Market PJSC 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.
DFM:DFM vs SPGI, CME, MCO: Operating Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market PJSC'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.
Dubai Financial Market PJSC Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Dubai Financial Market PJSC'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.
Dubai Financial Market PJSC'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.
Dubai Financial Market PJSC (DFM:DFM) has a Operating Margin % of 75.86% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Dubai Financial Market PJSC and its competitors. This is 58% above median its historical median of 47.88. Over the past decade, Dubai Financial Market PJSC's Operating Margin % has ranged from 33.52 to 73.39. According to the industry distribution chart, Dubai Financial Market PJSC ranks #56 out of 665 companies in the Capital Markets industry, placing it in the top 8.4%.
Is Dubai Financial Market PJSC's Operating Margin % too high?
Dubai Financial Market PJSC's current Operating Margin % of 75.86% is 58% above median its 10-year median of 47.88. Over the past 10 years, this metric has ranged from a low of 33.52 to a high of 73.39. The Capital Markets industry median Operating Margin % is 7.60. Dubai Financial Market PJSC's value of 75.86% is 898.2% above this industry median. Based on the distribution chart, Dubai Financial Market PJSC ranks #56 out of 665 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Dubai Financial Market PJSC has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dubai Financial Market PJSC's Operating Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Dubai Financial Market PJSC ranks #56 out of 665 companies for Operating Margin %. This places Dubai Financial Market PJSC in the top 8% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.60. Dubai Financial Market PJSC's value of 75.86% is 898.2% above this benchmark. Historically, Dubai Financial Market PJSC's own Operating Margin % has ranged from 33.52 to 73.39 over the past decade. While the company's 10-year median is 47.88 vs. the industry median of 7.60, Dubai Financial Market PJSC 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.60, based on 665 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. Dubai Financial Market PJSC's current Operating Margin % of 75.86% is 898.2% 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 Dubai Financial Market PJSC and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Financial Market PJSC's current Operating Margin % is 75.86%, which is 58% above median its own 10-year median of 47.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai Financial Market PJSC stock overvalued right now?
Based on GuruFocus' analysis, Dubai Financial Market PJSC (DFM:DFM) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.89, compared to a current price of د.إ1.43 — trading 24.3% below its estimated fair value. The current Operating Margin % is 75.86%, which is 58% above median its 10-year median of 47.88 and 898.2% above the Capital Markets industry median of 7.60. Dubai Financial Market PJSC's overall GF Score™ is 97/100 with 5 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 Dubai Financial Market PJSC (DFM:DFM), the current Operating Margin % is 75.86% 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 Dubai Financial Market PJSC (DFM:DFM) Overvalued in 2026?
Based on GuruFocus' analysis, Dubai Financial Market PJSC stock appears to be undervalued.
The current stock price of د.إ1.43 is trading 24.3% below its estimated GF Value™ of د.إ1.89.
GuruFocus considers Dubai Financial Market PJSC to be Modestly Undervalued.
Key valuation signals for DFM:DFM:
Operating Margin %: 75.86% (58% above median its 10-year median of 47.88)
GF Value™: د.إ1.89 vs. price of د.إ1.43 (24.3% below fair value)
Industry Position: 898.2% above the Capital Markets median (#56 of 665)
No single metric tells the full story. See the DFM:DFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dubai Financial Market PJSC operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company is focused on trading in financial instruments, acting as a commercial, industrial and agricultural holding and trust company, financial investment consultancy, and brokerage in local and foreign shares and bonds. It is engaged in a single segment of operating stock exchanges and related clearing house. The company derives the majority of revenue from Trading commission fees and rest from Brokerage fees, Clearing, settlement and depository fees, Listing and market data fees, and Other fees.
97GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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