Nova (FRA:NMR) Operating Margin %: 30.10% (As of Mar. 2026) — 17% Above Median


FRA:NMR Nova Ltd FRA:NMR
93 GF Score
Price €472.20
GF Value €274.54
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Nova Operating Margin %?

Nova FRA:NMR +1.20% 93 Operating Margin % is 30.10% as of Mar. 2026, which is 17% above its 10-year median of 25.80. GuruFocus rates FRA:NMR with a GF Score™ of 93/100 and a GF Value™ of €274.54 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,023 Semiconductors companies, Nova ranks better than 92.86% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nova's Operating Income for the three months ended in Mar. 2026 was €61.3 Mil. Nova's Revenue for the three months ended in Mar. 2026 was €203.5 Mil. Therefore, Nova's Operating Margin % for the quarter that ended in Mar. 2026 was 30.10%.

Good Sign:

Nova Ltd operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Nova's Operating Margin % or its related term are showing as below:

FRA:NMR' s Operating Margin % Range Over the Past 10 Years
Min: 6.2   Med: 25.8   Max: 28.93
Current: 28.93


FRA:NMR's Operating Margin % is ranked better than
92.86% of 1023 companies
in the Semiconductors industry
Industry Median: 5.24 vs FRA:NMR: 28.93

Nova's 5-Year Average Operating Margin % Growth Rate was 5.10% per year.

Nova's Operating Income for the three months ended in Mar. 2026 was €61.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €224.5 Mil.


Nova  (FRA:NMR) 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 Nokia’s 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.


Nova Operating Margin % Related Terms


Nova Operating Margin % Historical Data

* Premium members only.

The historical data trend for Nova'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.

Nova Operating Margin % Chart

Nova Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.01 26.27 25.54 27.89 28.78

Nova Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.64 29.84 28.43 27.28 30.10

FRA:NMR vs AMKR, ONTO, ENTG: Operating Margin % Comparison

For the Semiconductor Equipment & Materials subindustry, Nova'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.


Nova Operating Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Nova's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Nova's Operating Margin % falls into.


FRA:NMR
93GF Score
Nova Ltd FRA:NMR
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nova 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.

Nova's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=216.462 / 752.013
=28.78 %

Nova's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=61.273 / 203.541
=30.10 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 30.10% mean?
Nova (FRA:NMR) has a Operating Margin % of 30.10% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nova and its competitors. This is 17% above median its historical median of 25.80. Over the past decade, Nova's Operating Margin % has ranged from 6.20 to 28.93. According to the industry distribution chart, Nova ranks #73 out of 1023 companies in the Semiconductors industry, placing it in the top 7.1%.
Is Nova's Operating Margin % too high?
Nova's current Operating Margin % of 30.10% is 17% above median its 10-year median of 25.80. Over the past 10 years, this metric has ranged from a low of 6.20 to a high of 28.93. The Semiconductors industry median Operating Margin % is 5.24. Nova's value of 30.10% is 474.4% above this industry median. Based on the distribution chart, Nova ranks #73 out of 1023 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Nova has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nova's Operating Margin % compare to AMKR and ONTO?
According to the Semiconductors industry distribution chart, Nova ranks #73 out of 1023 companies for Operating Margin %. This places Nova in the top 7% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.24. Nova's value of 30.10% is 474.4% above this benchmark. Historically, Nova's own Operating Margin % has ranged from 6.20 to 28.93 over the past decade. While the company's 10-year median is 25.80 vs. the industry median of 5.24, Nova 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 Semiconductors company?
The median Operating Margin % among Semiconductors companies is 5.24, based on 1,023 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. Nova's current Operating Margin % of 30.10% is 474.4% 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 Nova and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova's current Operating Margin % is 30.10%, which is 17% above median its own 10-year median of 25.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova stock overvalued right now?
Based on GuruFocus' analysis, Nova (FRA:NMR) is currently considered Significantly Overvalued. The stock's GF Value™ is €274.54, compared to a current price of €472.20 — trading 72% above its estimated fair value. The current Operating Margin % is 30.10%, which is 17% above median its 10-year median of 25.80 and 474.4% above the Semiconductors industry median of 5.24. Nova's overall GF Score™ is 93/100 with 3 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 Nova (FRA:NMR), the current Operating Margin % is 30.10% 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 Nova (FRA:NMR) Overvalued in 2026?

Based on GuruFocus' analysis, Nova stock appears to be overvalued. The current stock price of €472.20 is trading 72% above its estimated GF Value™ of €274.54. GuruFocus considers Nova to be Significantly Overvalued.

Key valuation signals for FRA:NMR:

  • Operating Margin %: 30.10% (17% above median its 10-year median of 25.80)
  • GF Value™: €274.54 vs. price of €472.20 (72% above fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 474.4% above the Semiconductors median (#73 of 1023)

No single metric tells the full story. See the FRA:NMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nova Business Description

Other Exchanges NVMI:USANVMI:Israel0YAA:UK
Address 5 David Fikes Street, 10th Floor, Rehovot, ISR, 7632805
Nova Ltd is a provider of metrology and process control solutions used in semiconductor manufacturing. The company provides high-performance metrology solutions across the semiconductor fabrication lifecycle and develops differentiated inline metrology solutions deployed by a broad range of customers, including integrated circuit manufacturers. Its portfolio combines high-precision hardware and software, enabling customers to improve device performance, enhance yields, and accelerate time to market. Its products include Dimensional Metrology, Materials Metrology, Chemical Metrology, and Software Solutions. The company operates in China, Taiwan, R.O.C., the United States and other regions, with maximum revenue coming from China.
93GF Score

Get the complete analysis for FRA:NMR

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€472.20
Price
€274.54
GF Value