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Bulgarian Stock Exchange ADFRA:0KP 59 Operating Margin % is 38.67% as of Mar. 2026, which is 4% above its 10-year median of 37.08. GuruFocus rates FRA:0KP with a GF Score™ of 59/100 and a GF Value™ of €9.93 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 667 Capital Markets companies, Bulgarian Stock Exchange AD ranks better than 74.36% on this metric.
Bulgarian Stock Exchange AD (FRA:0KP) 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.
Bulgarian Stock Exchange AD Operating Margin % Related Terms
Bulgarian Stock Exchange AD 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.
Bulgarian Stock Exchange AD Operating Margin % Chart
FRA:0KP vs SPGI, CME, ICE: Operating Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Bulgarian Stock Exchange AD'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.
Bulgarian Stock Exchange AD Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bulgarian Stock Exchange AD's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Bulgarian Stock Exchange AD's Operating Margin % falls into.
Bulgarian Stock Exchange AD Operating Margin % Calculation
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.
Bulgarian Stock Exchange AD'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.
Bulgarian Stock Exchange AD (FRA:0KP) has a Operating Margin % of 38.67% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Bulgarian Stock Exchange AD and its competitors. This is near median its historical median of 37.08. According to the industry distribution chart, Bulgarian Stock Exchange AD ranks #171 out of 667 companies in the Capital Markets industry, placing it in the top 25.6%.
Is Bulgarian Stock Exchange AD's Operating Margin % too high?
Bulgarian Stock Exchange AD's current Operating Margin % of 38.67% is near median its 10-year median of 37.08. The Capital Markets industry median Operating Margin % is 8.13. Bulgarian Stock Exchange AD's value of 38.67% is 375.6% above this industry median. Based on the distribution chart, Bulgarian Stock Exchange AD ranks #171 out of 667 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bulgarian Stock Exchange AD has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Stock Exchange AD's Operating Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bulgarian Stock Exchange AD ranks #171 out of 667 companies for Operating Margin %. This puts Bulgarian Stock Exchange AD in the upper half of its industry. The industry median Operating Margin % is 8.13. Bulgarian Stock Exchange AD's value of 38.67% is 375.6% above this benchmark. While the company's 10-year median is 37.08 vs. the industry median of 8.13, Bulgarian Stock Exchange AD 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 8.13, based on 667 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. Bulgarian Stock Exchange AD's current Operating Margin % of 38.67% is 375.6% 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 Bulgarian Stock Exchange AD and its competitors. For the Capital Markets industry, the median Operating Margin % is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Stock Exchange AD's current Operating Margin % is 38.67%, which is near median its own 10-year median of 37.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Stock Exchange AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD (FRA:0KP) is currently considered Possible Value Trap. The stock's GF Value™ is €9.93, compared to a current price of €7.00 — trading 29.5% below its estimated fair value. The current Operating Margin % is 38.67%, which is near median its 10-year median of 37.08 and 375.6% above the Capital Markets industry median of 8.13. Bulgarian Stock Exchange AD's overall GF Score™ is 59/100 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 Bulgarian Stock Exchange AD (FRA:0KP), the current Operating Margin % is 38.67% 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 Bulgarian Stock Exchange AD (FRA:0KP) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD stock appears to be undervalued.
The current stock price of €7.00 is trading 29.5% below its estimated GF Value™ of €9.93.
GuruFocus considers Bulgarian Stock Exchange AD to be Possible Value Trap.
Key valuation signals for FRA:0KP:
Operating Margin %: 38.67% (near median its 10-year median of 37.08)
GF Value™: €9.93 vs. price of €7.00 (29.5% below fair value)
Industry Position: 375.6% above the Capital Markets median (#171 of 667)
No single metric tells the full story. See the FRA:0KP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only.
59GF Score
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