Aristocrat LeisureFRA:AC8 +1.72%93 Operating Margin % is 19.17% as of Mar. 2026, which is 1% above its 10-year median of 19.00. GuruFocus rates FRA:AC8 with a GF Score™ of 93/100 and a GF Value™ of €31.95. The stock has 1 warning sign investors should review. Among 844 Travel & Leisure companies, Aristocrat Leisure ranks better than 81.4% 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.
Aristocrat Leisure Operating Margin % Related Terms
Aristocrat Leisure Operating Margin % Historical Data
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The historical data trend for Aristocrat Leisure'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:AC8 vs FLUT, DKNG, LNWO: Operating Margin % Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure'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.
Aristocrat Leisure's Operating Margin % for the fiscal year that ended in Sep. 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.
Aristocrat Leisure (FRA:AC8) has a Operating Margin % of 19.17% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Aristocrat Leisure and its competitors. This is near median its historical median of 19.00. Over the past decade, Aristocrat Leisure's Operating Margin % has ranged from 4.03 to 23.41. According to the industry distribution chart, Aristocrat Leisure ranks #157 out of 844 companies in the Travel & Leisure industry, placing it in the top 18.6%.
Is Aristocrat Leisure's Operating Margin % too high?
Aristocrat Leisure's current Operating Margin % of 19.17% is near median its 10-year median of 19.00. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 23.41. The Travel & Leisure industry median Operating Margin % is 8.14. Aristocrat Leisure's value of 19.17% is 135.6% above this industry median. Based on the distribution chart, Aristocrat Leisure ranks #157 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Aristocrat Leisure has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's Operating Margin % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #157 out of 844 companies for Operating Margin %. This places Aristocrat Leisure in the top 19% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 8.14. Aristocrat Leisure's value of 19.17% is 135.6% above this benchmark. Historically, Aristocrat Leisure's own Operating Margin % has ranged from 4.03 to 23.41 over the past decade. While the company's 10-year median is 19.00 vs. the industry median of 8.14, Aristocrat Leisure 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 Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.14, based on 844 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. Aristocrat Leisure's current Operating Margin % of 19.17% is 135.6% 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 Aristocrat Leisure and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current Operating Margin % is 19.17%, which is near median its own 10-year median of 19.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Aristocrat Leisure (FRA:AC8) has a current Operating Margin % of 19.17%. The stock's GF Value™ is €31.95, compared to a current price of €35.40 — trading 10.8% above its estimated fair value. The current Operating Margin % is 19.17%, which is near median its 10-year median of 19.00 and 135.6% above the Travel & Leisure industry median of 8.14. Aristocrat Leisure's overall GF Score™ is 93/100 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 Aristocrat Leisure (FRA:AC8), the current Operating Margin % is 19.17% 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 Aristocrat Leisure (FRA:AC8) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of €35.40 is trading 10.8% above its estimated GF Value™ of €31.95.
Key valuation signals for FRA:AC8:
Operating Margin %: 19.17% (near median its 10-year median of 19.00)
GF Value™: €31.95 vs. price of €35.40 (10.8% above fair value)
Industry Position: 135.6% above the Travel & Leisure median (#157 of 844)
No single metric tells the full story. See the FRA:AC8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
93GF Score
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