Budapest Stock ExchangeFRA:R0R -6.33%19 Operating Margin % is 41.05% as of Mar. 2026, which is 40% above its 10-year median of 29.23. GuruFocus rates FRA:R0R with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 664 Capital Markets companies, Budapest Stock Exchange ranks better than 73.34% on this metric.
Budapest Stock Exchange (FRA:R0R) 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.
Budapest Stock Exchange Operating Margin % Related Terms
Budapest Stock Exchange Operating Margin % Historical Data
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The historical data trend for Budapest Stock Exchange'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:R0R vs SPGI, CME, ICE: Operating Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Budapest Stock Exchange'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.
Budapest Stock Exchange Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Budapest Stock Exchange's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Budapest Stock Exchange's Operating Margin % falls into.
Budapest Stock Exchange 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.
Budapest Stock Exchange'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.
Budapest Stock Exchange (FRA:R0R) has a Operating Margin % of 41.05% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Budapest Stock Exchange and its competitors. This is 40% above median its historical median of 29.23. Over the past decade, Budapest Stock Exchange's Operating Margin % has ranged from 20.88 to 35.55. According to the industry distribution chart, Budapest Stock Exchange ranks #177 out of 664 companies in the Capital Markets industry, placing it in the top 26.7%.
Is Budapest Stock Exchange's Operating Margin % too high?
Budapest Stock Exchange's current Operating Margin % of 41.05% is 40% above median its 10-year median of 29.23. Over the past 10 years, this metric has ranged from a low of 20.88 to a high of 35.55. The Capital Markets industry median Operating Margin % is 6.96. Budapest Stock Exchange's value of 41.05% is 490.2% above this industry median. Based on the distribution chart, Budapest Stock Exchange ranks #177 out of 664 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Budapest Stock Exchange has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Budapest Stock Exchange's Operating Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Budapest Stock Exchange ranks #177 out of 664 companies for Operating Margin %. This puts Budapest Stock Exchange in the upper half of its industry. The industry median Operating Margin % is 6.96. Budapest Stock Exchange's value of 41.05% is 490.2% above this benchmark. Historically, Budapest Stock Exchange's own Operating Margin % has ranged from 20.88 to 35.55 over the past decade. While the company's 10-year median is 29.23 vs. the industry median of 6.96, Budapest Stock Exchange 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 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. Budapest Stock Exchange's current Operating Margin % of 41.05% is 490.2% 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 Budapest Stock Exchange and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budapest Stock Exchange's current Operating Margin % is 41.05%, which is 40% above median its own 10-year median of 29.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Stock Exchange stock overvalued right now?
Budapest Stock Exchange (FRA:R0R) has a current Operating Margin % of 41.05%. The current Operating Margin % is 41.05%, which is 40% above median its 10-year median of 29.23 and 490.2% above the Capital Markets industry median of 6.96. Budapest Stock Exchange's overall GF Score™ is 19/100 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 Budapest Stock Exchange (FRA:R0R), the current Operating Margin % is 41.05% 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.
Budapest Stock Exchange PLC is engaged in the money and capital markets in Hungary. The Company provides corporations with opportunities to raise capital and offers investors a wide range of investment instruments. Its activities include listing services, trading services, dissemination of market information, and product development. The Company is a central player in the domestic money and capital market, providing financial resources to companies and promoting their development through financing via the capital sector, while enabling investors to participate in the growth of Hungarian companies and the domestic economy.
19GF Score
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