MINISO Group HoldingFRA:MIF0 -0.91%72 Operating Margin % is 14.01% as of Sep. 2025, which is 44% above its 10-year median of 9.74. GuruFocus rates FRA:MIF0 with a GF Score™ of 72/100 and a GF Value™ of €7.10 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,128 Retail - Cyclical companies, MINISO Group Holding ranks better than 91.13% on this metric.
MINISO Group Holding Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for MINISO Group Holding's Operating Margin % or its related term are showing as below:
FRA:MIF0'
s Operating Margin % Range Over the Past 10 Years
Min: 5.02 Med: 9.74 Max: 18.95
Current: 16.2
FRA:MIF0's Operating Margin % is ranked better than 91.13% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 3.905
vs FRA:MIF0: 16.20
MINISO Group Holding's 5-Year Average Operating Margin % Growth Rate was 17.20% per year.
MINISO Group Holding (FRA:MIF0) 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.
MINISO Group Holding Operating Margin % Related Terms
MINISO Group Holding Operating Margin % Historical Data
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The historical data trend for MINISO Group Holding'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:MIF0 vs BBWI, ASO, RH: Operating Margin % Comparison
For the Specialty Retail subindustry, MINISO Group Holding'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.
MINISO Group Holding Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, MINISO Group Holding's Operating Margin % distribution charts can be found below:
* The bar in red indicates where MINISO Group Holding's Operating Margin % falls into.
MINISO Group Holding 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.
MINISO Group Holding's Operating Margin % for the fiscal year that ended in Dec. 2024 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.
MINISO Group Holding (FRA:MIF0) has a Operating Margin % of 14.01% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on MINISO Group Holding and its competitors. This is 44% above median its historical median of 9.74. Over the past decade, MINISO Group Holding's Operating Margin % has ranged from 5.02 to 18.95. According to the industry distribution chart, MINISO Group Holding ranks #100 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is MINISO Group Holding's Operating Margin % too high?
MINISO Group Holding's current Operating Margin % of 14.01% is 44% above median its 10-year median of 9.74. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 18.95. The Retail - Cyclical industry median Operating Margin % is 3.91. MINISO Group Holding's value of 14.01% is 258.8% above this industry median. Based on the distribution chart, MINISO Group Holding ranks #100 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, MINISO Group Holding has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MINISO Group Holding's Operating Margin % compare to BBWI and ASO?
According to the Retail - Cyclical industry distribution chart, MINISO Group Holding ranks #100 out of 1128 companies for Operating Margin %. This places MINISO Group Holding in the top 9% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.91. MINISO Group Holding's value of 14.01% is 258.8% above this benchmark. Historically, MINISO Group Holding's own Operating Margin % has ranged from 5.02 to 18.95 over the past decade. While the company's 10-year median is 9.74 vs. the industry median of 3.91, MINISO Group Holding 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 Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.91, based on 1,128 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. MINISO Group Holding's current Operating Margin % of 14.01% is 258.8% 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 MINISO Group Holding and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MINISO Group Holding's current Operating Margin % is 14.01%, which is 44% above median its own 10-year median of 9.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MINISO Group Holding stock overvalued right now?
Based on GuruFocus' analysis, MINISO Group Holding (FRA:MIF0) is currently considered Significantly Undervalued. The stock's GF Value™ is €7.10, compared to a current price of €2.40 — trading 66.2% below its estimated fair value. The current Operating Margin % is 14.01%, which is 44% above median its 10-year median of 9.74 and 258.8% above the Retail - Cyclical industry median of 3.91. MINISO Group Holding's overall GF Score™ is 72/100 with 2 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 MINISO Group Holding (FRA:MIF0), the current Operating Margin % is 14.01% as of Sep. 2025. 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 MINISO Group Holding (FRA:MIF0) Overvalued in 2026?
Based on GuruFocus' analysis, MINISO Group Holding stock appears to be undervalued.
The current stock price of €2.40 is trading 66.2% below its estimated GF Value™ of €7.10.
GuruFocus considers MINISO Group Holding to be Significantly Undervalued.
Key valuation signals for FRA:MIF0:
Operating Margin %: 14.01% (44% above median its 10-year median of 9.74)
GF Value™: €7.10 vs. price of €2.40 (66.2% below fair value)
Industry Position: 258.8% above the Retail - Cyclical median (#100 of 1128)
No single metric tells the full story. See the FRA:MIF0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MINISO Group Holding Ltd is a value retailer offering a variety of trendy lifestyle products featuring IP design. The principal activity of the Company is investment holding. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand -Chinese Mainland and MINISO brand-Overseas which is engaged in the Design, buying, and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying, and sale of pop toys. The company generates maximum revenue from theMINISO brand -Chinese Mainland segment. Geographically, it derives a majority of its revenue from Chinese Mainland.
72GF Score
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