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Emaar Properties PJSCDFM:EMAAR -0.86%91 Operating Margin % is 44.29% as of Jun. 2026, which is 31% above its 10-year median of 33.81. GuruFocus rates DFM:EMAAR with a GF Score™ of 91/100 and a GF Value™ of د.إ16.99 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,745 Real Estate companies, Emaar Properties PJSC ranks better than 82.41% 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.
Emaar Properties PJSC Operating Margin % Related Terms
Emaar Properties PJSC Operating Margin % Historical Data
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The historical data trend for Emaar Properties PJSC'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.
For the Real Estate - Development subindustry, Emaar Properties 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.
Emaar Properties PJSC Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Emaar Properties PJSC's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Emaar Properties 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.
Emaar Properties 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.
Emaar Properties PJSC (DFM:EMAAR) has a Operating Margin % of 44.29% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Emaar Properties PJSC and its competitors. This is 31% above median its historical median of 33.81. Over the past decade, Emaar Properties PJSC's Operating Margin % has ranged from 10.64 to 48.63. According to the industry distribution chart, Emaar Properties PJSC ranks #307 out of 1745 companies in the Real Estate industry, placing it in the top 17.6%.
Is Emaar Properties PJSC's Operating Margin % too high?
Emaar Properties PJSC's current Operating Margin % of 44.29% is 31% above median its 10-year median of 33.81. Over the past 10 years, this metric has ranged from a low of 10.64 to a high of 48.63. The Real Estate industry median Operating Margin % is 13.24. Emaar Properties PJSC's value of 44.29% is 234.5% above this industry median. Based on the distribution chart, Emaar Properties PJSC ranks #307 out of 1745 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Emaar Properties PJSC has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Properties PJSC's Operating Margin % compare to competitors?
According to the Real Estate industry distribution chart, Emaar Properties PJSC ranks #307 out of 1745 companies for Operating Margin %. This places Emaar Properties PJSC in the top 18% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.24. Emaar Properties PJSC's value of 44.29% is 234.5% above this benchmark. Historically, Emaar Properties PJSC's own Operating Margin % has ranged from 10.64 to 48.63 over the past decade. While the company's 10-year median is 33.81 vs. the industry median of 13.24, Emaar Properties 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 13.24, based on 1,745 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. Emaar Properties PJSC's current Operating Margin % of 44.29% is 234.5% 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 Emaar Properties PJSC and its competitors. For the Real Estate industry, the median Operating Margin % is 13.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emaar Properties PJSC's current Operating Margin % is 44.29%, which is 31% above median its own 10-year median of 33.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Properties PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Properties PJSC (DFM:EMAAR) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ16.99, compared to a current price of د.إ11.50 — trading 32.3% below its estimated fair value. The current Operating Margin % is 44.29%, which is 31% above median its 10-year median of 33.81 and 234.5% above the Real Estate industry median of 13.24. Emaar Properties PJSC's overall GF Score™ is 91/100 with 1 warning sign 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 Emaar Properties PJSC (DFM:EMAAR), the current Operating Margin % is 44.29% 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 Emaar Properties PJSC (DFM:EMAAR) Overvalued in 2026?
Based on GuruFocus' analysis, Emaar Properties PJSC stock appears to be undervalued.
The current stock price of د.إ11.50 is trading 32.3% below its estimated GF Value™ of د.إ16.99.
GuruFocus considers Emaar Properties PJSC to be Significantly Undervalued.
Key valuation signals for DFM:EMAAR:
Operating Margin %: 44.29% (31% above median its 10-year median of 33.81)
GF Value™: د.إ16.99 vs. price of د.إ11.50 (32.3% below fair value)
Industry Position: 234.5% above the Real Estate median (#307 of 1745)
No single metric tells the full story. See the DFM:EMAAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emaar Properties PJSC is engaged in property investment, development, and development management, shopping malls and retail, hospitality, property management, utility services, and investments in providers of financial services. Its segments are, namely, real estate (develop, sell, and manage condominiums, villas, commercial units and plots of land), leasing, retail and related activities (develop, lease and manage malls, retail, commercial, and residential spaces), and hospitality (develop, own, and/or manage hotels, serviced apartments and leisure activities). It earns revenue from sources other than property sales, leasing, retail and related activities, and hospitality, and this revenue is included in other operating income. The majority of revenue comes from real estate.
91GF Score
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