DeFi TechnologiesFRA:R9B -5.69%49 Operating Margin % is 312.27% as of Mar. 2026, which is 329% above its 10-year median of 72.75. GuruFocus rates FRA:R9B with a GF Score™ of 49/100 and a GF Value™ of €0.40 (Fairly Valued). The stock has 9 warning signs investors should review. Among 664 Capital Markets companies, DeFi Technologies ranks better than 94.43% on this metric.
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.
DeFi Technologies Operating Margin % Related Terms
DeFi Technologies Operating Margin % Historical Data
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The historical data trend for DeFi Technologies'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:R9B vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, DeFi Technologies'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.
DeFi Technologies Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, DeFi Technologies's Operating Margin % distribution charts can be found below:
* The bar in red indicates where DeFi Technologies'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.
DeFi Technologies'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.
DeFi Technologies (FRA:R9B) has a Operating Margin % of 312.27% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on DeFi Technologies and its competitors. This is 329% above median its historical median of 72.75. According to the industry distribution chart, DeFi Technologies ranks #37 out of 664 companies in the Capital Markets industry, placing it in the top 5.6%.
Is DeFi Technologies' Operating Margin % too high?
DeFi Technologies' current Operating Margin % of 312.27% is 329% above median its 10-year median of 72.75. The Capital Markets industry median Operating Margin % is 6.96. DeFi Technologies' value of 312.27% is 4389.9% above this industry median. Based on the distribution chart, DeFi Technologies ranks #37 out of 664 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, DeFi Technologies has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DeFi Technologies' Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, DeFi Technologies ranks #37 out of 664 companies for Operating Margin %. This places DeFi Technologies in the top 6% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.96. DeFi Technologies' value of 312.27% is 4389.9% above this benchmark. While the company's 10-year median is 72.75 vs. the industry median of 6.96, DeFi Technologies 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. DeFi Technologies's current Operating Margin % of 312.27% is 4389.9% 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 DeFi Technologies 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. DeFi Technologies's current Operating Margin % is 312.27%, which is 329% above median its own 10-year median of 72.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Technologies stock overvalued right now?
Based on GuruFocus' analysis, DeFi Technologies (FRA:R9B) is currently considered Fairly Valued. The stock's GF Value™ is €0.40, compared to a current price of €0.42 — trading 5.3% above its estimated fair value. The current Operating Margin % is 312.27%, which is 329% above median its 10-year median of 72.75 and 4389.9% above the Capital Markets industry median of 6.96. DeFi Technologies' overall GF Score™ is 49/100 with 9 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 DeFi Technologies (FRA:R9B), the current Operating Margin % is 312.27% 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 DeFi Technologies (FRA:R9B) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Technologies stock appears to be overvalued.
The current stock price of €0.42 is trading 5.3% above its estimated GF Value™ of €0.40.
GuruFocus considers DeFi Technologies to be Fairly Valued.
Key valuation signals for FRA:R9B:
Operating Margin %: 312.27% (329% above median its 10-year median of 72.75)
GF Value™: €0.40 vs. price of €0.42 (5.3% above fair value)
Industry Position: 4389.9% above the Capital Markets median (#37 of 664)
No single metric tells the full story. See the FRA:R9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation.
49GF Score
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