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Nippon Prologis REITFRA:9NPA 75 Operating Margin % is 47.39% as of May. 2026, which is 0% below its 10-year median of 47.45. GuruFocus rates FRA:9NPA with a GF Score™ of 75/100 and a GF Value™ of €485.30. The stock has 7 warning signs investors should review. Among 734 REITs companies, Nippon Prologis REIT ranks worse than 59.26% 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.
Nippon Prologis REIT Operating Margin % Related Terms
Nippon Prologis REIT Operating Margin % Historical Data
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The historical data trend for Nippon Prologis REIT'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:9NPA vs PLD, PSA, EXR: Operating Margin % Comparison
For the REIT - Industrial subindustry, Nippon Prologis REIT'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.
Nippon Prologis REIT Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Prologis REIT's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Nippon Prologis REIT'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.
Nippon Prologis REIT's Operating Margin % for the fiscal year that ended in Nov. 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.
Nippon Prologis REIT (FRA:9NPA) has a Operating Margin % of 47.39% as of May. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nippon Prologis REIT and its competitors. This is near median its historical median of 47.45. Over the past decade, Nippon Prologis REIT's Operating Margin % has ranged from 43.64 to 57.36. According to the industry distribution chart, Nippon Prologis REIT ranks #435 out of 734 companies in the REITs industry, placing it in the top 59.3%.
Is Nippon Prologis REIT's Operating Margin % too high?
Nippon Prologis REIT's current Operating Margin % of 47.39% is near median its 10-year median of 47.45. Over the past 10 years, this metric has ranged from a low of 43.64 to a high of 57.36. The REITs industry median Operating Margin % is 52.65. Nippon Prologis REIT's value of 47.39% is 10% below this industry median. Based on the distribution chart, Nippon Prologis REIT ranks #435 out of 734 companies in the REITs industry, which is below the industry midpoint. Overall, Nippon Prologis REIT has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Prologis REIT's Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Nippon Prologis REIT ranks #435 out of 734 companies for Operating Margin %. This places Nippon Prologis REIT in the lower half of its industry. The industry median Operating Margin % is 52.65. Nippon Prologis REIT's value of 47.39% is 10% below this benchmark. Historically, Nippon Prologis REIT's own Operating Margin % has ranged from 43.64 to 57.36 over the past decade. While the company's 10-year median is 47.45 vs. the industry median of 52.65, Nippon Prologis REIT has consistently been below 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 REITs company?
The median Operating Margin % among REITs companies is 52.65, based on 734 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. Nippon Prologis REIT's current Operating Margin % of 47.39% is 10% below 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 Nippon Prologis REIT and its competitors. For the REITs industry, the median Operating Margin % is 52.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Prologis REIT's current Operating Margin % is 47.39%, which is near median its own 10-year median of 47.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Prologis REIT stock overvalued right now?
Nippon Prologis REIT (FRA:9NPA) has a current Operating Margin % of 47.39%. The stock's GF Value™ is €485.30, compared to a current price of €486.00 — trading 0.1% above its estimated fair value. The current Operating Margin % is 47.39%, which is near median its 10-year median of 47.45 and 10% below the REITs industry median of 52.65. Nippon Prologis REIT's overall GF Score™ is 75/100 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 Nippon Prologis REIT (FRA:9NPA), the current Operating Margin % is 47.39% as of May. 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 Nippon Prologis REIT (FRA:9NPA) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Prologis REIT stock appears to be overvalued.
The current stock price of €486.00 is trading 0.1% above its estimated GF Value™ of €485.30.
Key valuation signals for FRA:9NPA:
Operating Margin %: 47.39% (near median its 10-year median of 47.45)
GF Value™: €485.30 vs. price of €486.00 (0.1% above fair value)
Industry Position: 10% below the REITs median (#435 of 734)
No single metric tells the full story. See the FRA:9NPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Prologis REIT Inc is focused on logistics facilities in Japan. Its investment objective is to maximize unit holder value through a portfolio that generates stable income and achieves steady growth. It invests in high quality Class-A logistics facilities, owning and operating them for medium- to long-term purposes.
75GF Score
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