Valora Effekten Handel AGFRA:VEH 57 Operating Margin % is -27.66% as of Dec. 2025. GuruFocus rates FRA:VEH with a GF Score™ of 57/100 and a GF Value™ of €1.87 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 664 Capital Markets companies, Valora Effekten Handel AG ranks worse than 52.86% on this metric.
Valora Effekten Handel AG (FRA:VEH) 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.
Valora Effekten Handel AG Operating Margin % Related Terms
Valora Effekten Handel AG Operating Margin % Historical Data
* 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.
Valora Effekten Handel AG Operating Margin % Chart
FRA:VEH vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Valora Effekten Handel AG'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.
Valora Effekten Handel AG Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Valora Effekten Handel AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Valora Effekten Handel AG's Operating Margin % falls into.
Valora Effekten Handel AG 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.
Valora Effekten Handel AG'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.
Valora Effekten Handel AG (FRA:VEH) has a Operating Margin % of -27.66% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Valora Effekten Handel AG and its competitors. According to the industry distribution chart, Valora Effekten Handel AG ranks #351 out of 664 companies in the Capital Markets industry, placing it in the top 52.9%.
Is Valora Effekten Handel AG's Operating Margin % too high?
Valora Effekten Handel AG's current Operating Margin % is -27.66%. Based on the distribution chart, Valora Effekten Handel AG ranks #351 out of 664 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Valora Effekten Handel AG has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Valora Effekten Handel AG's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Valora Effekten Handel AG ranks #351 out of 664 companies for Operating Margin %. This places Valora Effekten Handel AG in the lower half of its industry. The industry median Operating Margin % is 7.19. 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 7.19, 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. 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 Valora Effekten Handel AG and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Valora Effekten Handel AG's current Operating Margin % is -27.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valora Effekten Handel AG stock overvalued right now?
Based on GuruFocus' analysis, Valora Effekten Handel AG (FRA:VEH) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.87, compared to a current price of €0.96 — trading 48.7% below its estimated fair value. The current Operating Margin % is -27.66%. Valora Effekten Handel AG's overall GF Score™ is 57/100 with 1 warning sign 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 Valora Effekten Handel AG (FRA:VEH), the current Operating Margin % is -27.66% as of Dec. 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 Valora Effekten Handel AG (FRA:VEH) Overvalued in 2026?
Based on GuruFocus' analysis, Valora Effekten Handel AG stock appears to be undervalued.
The current stock price of €0.96 is trading 48.7% below its estimated GF Value™ of €1.87.
GuruFocus considers Valora Effekten Handel AG to be Significantly Undervalued.
Key valuation signals for FRA:VEH:
Operating Margin %: -27.66%
GF Value™: €1.87 vs. price of €0.96 (48.7% below fair value)
No single metric tells the full story. See the FRA:VEH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Valora Effekten Handel AG is a Germany based company. It operates in the financial services sector. It is engaged in the trading of non-listed shares and securities in Germany. It provides brokerage services for institutional investors, such as banks, stockbrokers, and other professional and private customers.
57GF Score
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