Immsi SpAFRA:IMY -1.22%41 Operating Margin % is 5.30% as of Mar. 2026, which is 26% below its 10-year median of 7.17. GuruFocus rates FRA:IMY with a GF Score™ of 41/100 and a GF Value™ of €0.41. The stock has 7 warning signs investors should review. Among 1,325 Vehicles & Parts companies, Immsi SpA ranks better than 63.4% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Immsi SpA's Operating Income for the
three
months ended in Mar. 2026 was €20 Mil. Immsi SpA's Revenue for the
three
months ended in Mar. 2026 was €369 Mil. Therefore, Immsi SpA's Operating Margin % for the quarter that ended in Mar. 2026 was 5.30%.
Good Sign:
Immsi SpA operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Immsi SpA's Operating Margin % or its related term are showing as below:
FRA:IMY'
s Operating Margin % Range Over the Past 10 Years
Min: 4.73 Med: 7.17 Max: 8.78
Current: 6.89
FRA:IMY's Operating Margin % is ranked better than 63.4% of 1325
companies
in the Vehicles & Parts industry
Industry Median: 4.86
vs FRA:IMY: 6.89
Immsi SpA's 5-Year Average Operating Margin % Growth Rate was 5.70% per year.
Immsi SpA's Operating Income for the
three
months ended in Mar. 2026 was €20 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €109 Mil.
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.
Immsi SpA Operating Margin % Related Terms
Immsi SpA Operating Margin % Historical Data
* Premium members only.
The historical data trend for Immsi SpA'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:IMY vs TSLA, GM, F: Operating Margin % Comparison
For the Auto Manufacturers subindustry, Immsi SpA'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.
Immsi SpA Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Immsi SpA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Immsi SpA'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.
Immsi SpA'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.
Immsi SpA (FRA:IMY) has a Operating Margin % of 5.30% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Immsi SpA and its competitors. This is 26% below median its historical median of 7.17. Over the past decade, Immsi SpA's Operating Margin % has ranged from 4.73 to 8.78. According to the industry distribution chart, Immsi SpA ranks #485 out of 1325 companies in the Vehicles & Parts industry, placing it in the top 36.6%.
Is Immsi SpA's Operating Margin % too high?
Immsi SpA's current Operating Margin % of 5.30% is 26% below median its 10-year median of 7.17. Over the past 10 years, this metric has ranged from a low of 4.73 to a high of 8.78. The Vehicles & Parts industry median Operating Margin % is 4.86. Immsi SpA's value of 5.30% is 9.1% above this industry median. Based on the distribution chart, Immsi SpA ranks #485 out of 1325 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Immsi SpA has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Immsi SpA's Operating Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Immsi SpA ranks #485 out of 1325 companies for Operating Margin %. This puts Immsi SpA in the upper half of its industry. The industry median Operating Margin % is 4.86. Immsi SpA's value of 5.30% is 9.1% above this benchmark. Historically, Immsi SpA's own Operating Margin % has ranged from 4.73 to 8.78 over the past decade. While the company's 10-year median is 7.17 vs. the industry median of 4.86, Immsi SpA 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 Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.86, based on 1,325 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. Immsi SpA's current Operating Margin % of 5.30% is 9.1% 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 Immsi SpA and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Immsi SpA's current Operating Margin % is 5.30%, which is 26% below median its own 10-year median of 7.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immsi SpA stock overvalued right now?
Immsi SpA (FRA:IMY) has a current Operating Margin % of 5.30%. The stock's GF Value™ is €0.41, compared to a current price of €0.45 — trading 8.8% above its estimated fair value. The current Operating Margin % is 5.30%, which is 26% below median its 10-year median of 7.17 and 9.1% above the Vehicles & Parts industry median of 4.86. Immsi SpA's overall GF Score™ is 41/100 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 Immsi SpA (FRA:IMY), the current Operating Margin % is 5.30% 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 Immsi SpA (FRA:IMY) Overvalued in 2026?
Based on GuruFocus' analysis, Immsi SpA stock appears to be overvalued.
The current stock price of €0.45 is trading 8.8% above its estimated GF Value™ of €0.41.
Key valuation signals for FRA:IMY:
Operating Margin %: 5.30% (26% below median its 10-year median of 7.17)
GF Value™: €0.41 vs. price of €0.45 (8.8% above fair value)
Industry Position: 9.1% above the Vehicles & Parts median (#485 of 1325)
No single metric tells the full story. See the FRA:IMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Immsi SpA is an Italy-based holding company. The company's operating segments include Property and holding; Industrial and Marine. It generates maximum revenue from the Industrial segment. The industrial segment is engaged in the manufacture and marketing of motorcycles, scooters, mopeds, and light commercial vehicles. Geographically, it derives a majority of its revenue from Italy and also has a presence in the Rest of Europe, India, the United States, and the Rest of the World.
41GF Score
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