Mullion CoFSE:3494 +1.20%68 Operating Margin % is 23.06% as of Mar. 2026, which is 0% below its 10-year median of 23.08. GuruFocus rates FSE:3494 with a GF Score™ of 68/100 and a GF Value™ of 円431.49 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,745 Real Estate companies, Mullion Co ranks better than 69.57% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Mullion Co's Operating Income for the
six
months ended in Mar. 2026 was 円181 Mil. Mullion Co's Revenue for the
six
months ended in Mar. 2026 was 円787 Mil. Therefore, Mullion Co's Operating Margin % for the quarter that ended in Mar. 2026 was 23.06%.
Good Sign:
Mullion Co Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Mullion Co's Operating Margin % or its related term are showing as below:
FSE:3494'
s Operating Margin % Range Over the Past 10 Years
Min: 10.49 Med: 23.08 Max: 48.31
Current: 27.38
FSE:3494's Operating Margin % is ranked better than 69.57% of 1745
companies
in the Real Estate industry
Industry Median: 13.21
vs FSE:3494: 27.38
Mullion Co's 5-Year Average Operating Margin % Growth Rate was 12.20% per year.
Mullion Co's Operating Income for the
six
months ended in Mar. 2026 was 円181 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円895 Mil.
Mullion Co (FSE:3494) 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.
Mullion Co Operating Margin % Related Terms
Mullion Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Mullion 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.
FSE:3494 vs CBRE, BEKE: Operating Margin % Comparison
For the Real Estate Services subindustry, Mullion 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.
Mullion Co Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Mullion Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Mullion 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.
Mullion Co's Operating Margin % for the fiscal year that ended in Sep. 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.
Mullion Co (FSE:3494) has a Operating Margin % of 23.06% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Mullion Co and its competitors. This is near median its historical median of 23.08. Over the past decade, Mullion Co's Operating Margin % has ranged from 10.49 to 48.31. According to the industry distribution chart, Mullion Co ranks #531 out of 1745 companies in the Real Estate industry, placing it in the top 30.4%.
Is Mullion Co's Operating Margin % too high?
Mullion Co's current Operating Margin % of 23.06% is near median its 10-year median of 23.08. Over the past 10 years, this metric has ranged from a low of 10.49 to a high of 48.31. The Real Estate industry median Operating Margin % is 13.21. Mullion Co's value of 23.06% is 74.6% above this industry median. Based on the distribution chart, Mullion Co ranks #531 out of 1745 companies in the Real Estate industry, which is above the industry midpoint. Overall, Mullion Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mullion Co's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Mullion Co ranks #531 out of 1745 companies for Operating Margin %. This puts Mullion Co in the upper half of its industry. The industry median Operating Margin % is 13.21. Mullion Co's value of 23.06% is 74.6% above this benchmark. Historically, Mullion Co's own Operating Margin % has ranged from 10.49 to 48.31 over the past decade. While the company's 10-year median is 23.08 vs. the industry median of 13.21, Mullion 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 13.21, based on 1,745 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. Mullion Co's current Operating Margin % of 23.06% is 74.6% 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 Mullion Co and its competitors. For the Real Estate industry, the median Operating Margin % is 13.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullion Co's current Operating Margin % is 23.06%, which is near median its own 10-year median of 23.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullion Co stock overvalued right now?
Based on GuruFocus' analysis, Mullion Co (FSE:3494) is currently considered Modestly Undervalued. The stock's GF Value™ is 円431.49, compared to a current price of 円338.00 — trading 21.7% below its estimated fair value. The current Operating Margin % is 23.06%, which is near median its 10-year median of 23.08 and 74.6% above the Real Estate industry median of 13.21. Mullion Co's overall GF Score™ is 68/100 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 Mullion Co (FSE:3494), the current Operating Margin % is 23.06% 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 Mullion Co (FSE:3494) Overvalued in 2026?
Based on GuruFocus' analysis, Mullion Co stock appears to be undervalued.
The current stock price of 円338.00 is trading 21.7% below its estimated GF Value™ of 円431.49.
GuruFocus considers Mullion Co to be Modestly Undervalued.
Key valuation signals for FSE:3494:
Operating Margin %: 23.06% (near median its 10-year median of 23.08)
GF Value™: 円431.49 vs. price of 円338.00 (21.7% below fair value)
Industry Position: 74.6% above the Real Estate median (#531 of 1745)
No single metric tells the full story. See the FSE:3494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mullion Co Ltd is a Japanese real estate company. The company is engaged in leasing and managing a real estate rental property, and also engaged in the origination and placement of securitization products derived from real estate rental cash flow.
68GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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