BellwayFRA:41B 75 Operating Margin % is 10.16% as of Jan. 2026, which is 33% below its 10-year median of 15.10. GuruFocus rates FRA:41B with a GF Score™ of 75/100 and a GF Value™ of €31.65. The stock has 4 warning signs investors should review. Among 91 Homebuilding & Construction companies, Bellway ranks better than 56.04% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Bellway's Operating Income for the
six
months ended in Jan. 2026 was €178 Mil. Bellway's Revenue for the
six
months ended in Jan. 2026 was €1,750 Mil. Therefore, Bellway's Operating Margin % for the quarter that ended in Jan. 2026 was 10.16%.
Warning Sign:
Bellway PLC operating margin has been in a 5-year decline. The average rate of decline per year is -6.1%.
The historical rank and industry rank for Bellway's Operating Margin % or its related term are showing as below:
FRA:41B'
s Operating Margin % Range Over the Past 10 Years
Min: 8.73 Med: 15.1 Max: 22.34
Current: 8.73
FRA:41B's Operating Margin % is ranked better than 56.04% of 91
companies
in the Homebuilding & Construction industry
Industry Median: 7.76
vs FRA:41B: 8.73
Bellway's 5-Year Average Operating Margin % Growth Rate was -6.10% per year.
Bellway's Operating Income for the
six
months ended in Jan. 2026 was €178 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was €289 Mil.
Bellway (FRA:41B) 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.
Bellway Operating Margin % Related Terms
Bellway Operating Margin % Historical Data
* Premium members only.
The historical data trend for Bellway'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.
FRA:41B vs DHI, PHM, LEN: Operating Margin % Comparison
For the Residential Construction subindustry, Bellway'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.
Bellway Operating Margin % vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Bellway's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Bellway'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.
Bellway's Operating Margin % for the fiscal year that ended in Jul. 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.
Bellway (FRA:41B) has a Operating Margin % of 10.16% as of Jan. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Bellway and its competitors. This is 33% below median its historical median of 15.10. Over the past decade, Bellway's Operating Margin % has ranged from 8.73 to 22.34. According to the industry distribution chart, Bellway ranks #40 out of 91 companies in the Homebuilding & Construction industry, placing it in the top 44%.
Is Bellway's Operating Margin % too high?
Bellway's current Operating Margin % of 10.16% is 33% below median its 10-year median of 15.10. Over the past 10 years, this metric has ranged from a low of 8.73 to a high of 22.34. The Homebuilding & Construction industry median Operating Margin % is 7.76. Bellway's value of 10.16% is 30.9% above this industry median. Based on the distribution chart, Bellway ranks #40 out of 91 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Bellway has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Bellway's Operating Margin % compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Bellway ranks #40 out of 91 companies for Operating Margin %. This puts Bellway in the upper half of its industry. The industry median Operating Margin % is 7.76. Bellway's value of 10.16% is 30.9% above this benchmark. Historically, Bellway's own Operating Margin % has ranged from 8.73 to 22.34 over the past decade. While the company's 10-year median is 15.10 vs. the industry median of 7.76, Bellway 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 Homebuilding & Construction company?
The median Operating Margin % among Homebuilding & Construction companies is 7.76, based on 91 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. Bellway's current Operating Margin % of 10.16% is 30.9% 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 Bellway and its competitors. For the Homebuilding & Construction industry, the median Operating Margin % is 7.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bellway's current Operating Margin % is 10.16%, which is 33% below median its own 10-year median of 15.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellway stock overvalued right now?
Bellway (FRA:41B) has a current Operating Margin % of 10.16%. The stock's GF Value™ is €31.65, compared to a current price of €21.80 — trading 31.1% below its estimated fair value. The current Operating Margin % is 10.16%, which is 33% below median its 10-year median of 15.10 and 30.9% above the Homebuilding & Construction industry median of 7.76. Bellway's overall GF Score™ is 75/100 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 Bellway (FRA:41B), the current Operating Margin % is 10.16% as of Jan. 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 Bellway (FRA:41B) Overvalued in 2026?
Based on GuruFocus' analysis, Bellway stock appears to be undervalued.
The current stock price of €21.80 is trading 31.1% below its estimated GF Value™ of €31.65.
Key valuation signals for FRA:41B:
Operating Margin %: 10.16% (33% below median its 10-year median of 15.10)
GF Value™: €31.65 vs. price of €21.80 (31.1% below fair value)
Industry Position: 30.9% above the Homebuilding & Construction median (#40 of 91)
No single metric tells the full story. See the FRA:41B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bellway is one of the UK's largest residential property developers. It typifies the business model employed by UK homebuilders, operating in the land development, construction, and sales and marketing segments of the residential property development value chain.
75GF Score
Get the complete analysis for FRA:41B
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
FRA:41B has been successfully added to your 
