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TOC CoFRA:T3O -0.42%80 Operating Margin % is 15.52% as of Mar. 2026, which is 47% below its 10-year median of 29.55. GuruFocus rates FRA:T3O with a GF Score™ of 80/100 and a GF Value™ of €4.16. The stock has 4 warning signs investors should review. Among 1,747 Real Estate companies, TOC Co ranks better than 55.29% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. TOC Co's Operating Income for the
three
months ended in Mar. 2026 was €3.45 Mil. TOC Co's Revenue for the
three
months ended in Mar. 2026 was €22.20 Mil. Therefore, TOC Co's Operating Margin % for the quarter that ended in Mar. 2026 was 15.52%.
Warning Sign:
TOC Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -20.1%.
The historical rank and industry rank for TOC Co's Operating Margin % or its related term are showing as below:
FRA:T3O'
s Operating Margin % Range Over the Past 10 Years
Min: 10.78 Med: 29.55 Max: 35.17
Current: 16.25
FRA:T3O's Operating Margin % is ranked better than 55.29% of 1747
companies
in the Real Estate industry
Industry Median: 13.39
vs FRA:T3O: 16.25
TOC Co's 5-Year Average Operating Margin % Growth Rate was -20.10% per year.
TOC Co's Operating Income for the
three
months ended in Mar. 2026 was €3.45 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €13.87 Mil.
TOC Co (FRA:T3O) 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.
TOC Co Operating Margin % Related Terms
TOC Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for TOC Co'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:T3O vs CBRE, BEKE, JLL: Operating Margin % Comparison
For the Real Estate Services subindustry, TOC Co'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.
TOC Co Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, TOC Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where TOC Co'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.
TOC Co's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
TOC Co (FRA:T3O) has a Operating Margin % of 15.52% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TOC Co and its competitors. This is 47% below median its historical median of 29.55. Over the past decade, TOC Co's Operating Margin % has ranged from 10.78 to 35.17. According to the industry distribution chart, TOC Co ranks #781 out of 1747 companies in the Real Estate industry, placing it in the top 44.7%.
Is TOC Co's Operating Margin % too high?
TOC Co's current Operating Margin % of 15.52% is 47% below median its 10-year median of 29.55. Over the past 10 years, this metric has ranged from a low of 10.78 to a high of 35.17. The Real Estate industry median Operating Margin % is 13.39. TOC Co's value of 15.52% is 15.9% above this industry median. Based on the distribution chart, TOC Co ranks #781 out of 1747 companies in the Real Estate industry, which is above the industry midpoint. Overall, TOC Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does TOC Co's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, TOC Co ranks #781 out of 1747 companies for Operating Margin %. This puts TOC Co in the upper half of its industry. The industry median Operating Margin % is 13.39. TOC Co's value of 15.52% is 15.9% above this benchmark. Historically, TOC Co's own Operating Margin % has ranged from 10.78 to 35.17 over the past decade. While the company's 10-year median is 29.55 vs. the industry median of 13.39, TOC Co 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 13.39, based on 1,747 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. TOC Co's current Operating Margin % of 15.52% is 15.9% 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 TOC Co and its competitors. For the Real Estate industry, the median Operating Margin % is 13.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOC Co's current Operating Margin % is 15.52%, which is 47% below median its own 10-year median of 29.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOC Co stock overvalued right now?
TOC Co (FRA:T3O) has a current Operating Margin % of 15.52%. The stock's GF Value™ is €4.16, compared to a current price of €4.72 — trading 13.5% above its estimated fair value. The current Operating Margin % is 15.52%, which is 47% below median its 10-year median of 29.55 and 15.9% above the Real Estate industry median of 13.39. TOC Co's overall GF Score™ is 80/100 with 4 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 TOC Co (FRA:T3O), the current Operating Margin % is 15.52% 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 TOC Co (FRA:T3O) Overvalued in 2026?
Based on GuruFocus' analysis, TOC Co stock appears to be overvalued.
The current stock price of €4.72 is trading 13.5% above its estimated GF Value™ of €4.16.
Key valuation signals for FRA:T3O:
Operating Margin %: 15.52% (47% below median its 10-year median of 29.55)
GF Value™: €4.16 vs. price of €4.72 (13.5% above fair value)
Industry Position: 15.9% above the Real Estate median (#781 of 1747)
No single metric tells the full story. See the FRA:T3O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOC Co Ltd is a Japan-based company with three business segments: real estate, linen supply and laundry, and other. The real estate segment is engaged in planning, execution, and management of urban development projects. The linen supply and laundry segment is engaged in supplying various linens used in hotels and restaurants, and offering dry cleaning services. The other segment contains a pharmaceuticals business, operates a sports club and a bathing facility, includes retail and restaurant businesses, and engages in building maintenance services. The company generates most of its revenue from the real estate segment.
80GF Score
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