Harboes Bryggeri ASFRA:DX4 +0.42%71 Operating Margin % is 0.45% as of Jan. 2026, which is 181% above its 10-year median of 0.16. GuruFocus rates FRA:DX4 with a GF Score™ of 71/100 and a GF Value™ of €16.22. The stock has 6 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Harboes Bryggeri AS ranks worse than 72.38% on this metric.
The historical rank and industry rank for Harboes Bryggeri AS's Operating Margin % or its related term are showing as below:
FRA:DX4'
s Operating Margin % Range Over the Past 10 Years
Min: -2.39 Med: 0.16 Max: 3.88
Current: 1.44
FRA:DX4's Operating Margin % is ranked worse than 72.38% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 7.915
vs FRA:DX4: 1.44
Harboes Bryggeri AS's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Harboes Bryggeri AS has recorded a loss in operating income at least once over the past 3 years.
Harboes Bryggeri AS (FRA:DX4) 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.
Harboes Bryggeri AS Operating Margin % Related Terms
Harboes Bryggeri AS Operating Margin % Historical Data
* Premium members only.
The historical data trend for Harboes Bryggeri AS'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:DX4 vs STZ, TAP: Operating Margin % Comparison
For the Beverages - Brewers subindustry, Harboes Bryggeri AS'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.
Harboes Bryggeri AS Operating Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Harboes Bryggeri AS's Operating Margin % falls into.
Harboes Bryggeri AS 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.
Harboes Bryggeri AS's Operating Margin % for the fiscal year that ended in Apr. 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.
Harboes Bryggeri AS (FRA:DX4) has a Operating Margin % of 0.45% as of Jan. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Harboes Bryggeri AS and its competitors. This is 181% above median its historical median of 0.16. According to the industry distribution chart, Harboes Bryggeri AS ranks #152 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 72.4%.
Is Harboes Bryggeri AS's Operating Margin % too high?
Harboes Bryggeri AS's current Operating Margin % of 0.45% is 181% above median its 10-year median of 0.16. The Beverages - Alcoholic industry median Operating Margin % is 7.92. Harboes Bryggeri AS's value of 0.45% is 94.3% below this industry median. Based on the distribution chart, Harboes Bryggeri AS ranks #152 out of 210 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Harboes Bryggeri AS has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's Operating Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Harboes Bryggeri AS ranks #152 out of 210 companies for Operating Margin %. This places Harboes Bryggeri AS in the lower half of its industry. The industry median Operating Margin % is 7.92. Harboes Bryggeri AS's value of 0.45% is 94.3% below this benchmark. While the company's 10-year median is 0.16 vs. the industry median of 7.92, Harboes Bryggeri AS 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 Beverages - Alcoholic company?
The median Operating Margin % among Beverages - Alcoholic companies is 7.92, based on 210 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. Harboes Bryggeri AS's current Operating Margin % of 0.45% is 94.3% 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 Harboes Bryggeri AS and its competitors. For the Beverages - Alcoholic industry, the median Operating Margin % is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harboes Bryggeri AS's current Operating Margin % is 0.45%, which is 181% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Harboes Bryggeri AS (FRA:DX4) has a current Operating Margin % of 0.45%. The stock's GF Value™ is €16.22, compared to a current price of €14.46 — trading 10.9% below its estimated fair value. The current Operating Margin % is 0.45%, which is 181% above median its 10-year median of 0.16 and 94.3% below the Beverages - Alcoholic industry median of 7.92. Harboes Bryggeri AS's overall GF Score™ is 71/100 with 6 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 Harboes Bryggeri AS (FRA:DX4), the current Operating Margin % is 0.45% 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 Harboes Bryggeri AS (FRA:DX4) Overvalued in 2026?
Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued.
The current stock price of €14.46 is trading 10.9% below its estimated GF Value™ of €16.22.
Key valuation signals for FRA:DX4:
Operating Margin %: 0.45% (181% above median its 10-year median of 0.16)
GF Value™: €16.22 vs. price of €14.46 (10.9% below fair value)
Industry Position: 94.3% below the Beverages - Alcoholic median (#152 of 210)
No single metric tells the full story. See the FRA:DX4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
71GF Score
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