Toho CoFSE:9602 91 Operating Margin % is 9.83% as of Feb. 2026, which is 49% below its 10-year median of 19.22. GuruFocus rates FSE:9602 with a GF Score™ of 91/100 and a GF Value™ of 円2,020.93. Among 1,023 Media - Diversified companies, Toho Co ranks better than 90.03% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Toho Co's Operating Income for the
three
months ended in Feb. 2026 was 円7,798 Mil. Toho Co's Revenue for the
three
months ended in Feb. 2026 was 円79,297 Mil. Therefore, Toho Co's Operating Margin % for the quarter that ended in Feb. 2026 was 9.83%.
Good Sign:
Toho Co Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Toho Co's Operating Margin % or its related term are showing as below:
FSE:9602'
s Operating Margin % Range Over the Past 10 Years
Min: 11.7 Med: 19.22 Max: 21.51
Current: 18.82
FSE:9602's Operating Margin % is ranked better than 90.03% of 1023
companies
in the Media - Diversified industry
Industry Median: 2.51
vs FSE:9602: 18.82
Toho Co's 5-Year Average Operating Margin % Growth Rate was 9.00% per year.
Toho Co's Operating Income for the
three
months ended in Feb. 2026 was 円7,798 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円67,893 Mil.
Toho Co (FSE:9602) 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.
Toho Co Operating Margin % Related Terms
Toho Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Toho 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:9602 vs NFLX, DIS, WBD: Operating Margin % Comparison
For the Entertainment subindustry, Toho 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.
Toho Co Operating Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Toho Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Toho 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.
Toho Co's Operating Margin % for the fiscal year that ended in Feb. 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.
Toho Co (FSE:9602) has a Operating Margin % of 9.83% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Toho Co and its competitors. This is 49% below median its historical median of 19.22. Over the past decade, Toho Co's Operating Margin % has ranged from 11.70 to 21.51. According to the industry distribution chart, Toho Co ranks #102 out of 1023 companies in the Media - Diversified industry, placing it in the top 10%.
Is Toho Co's Operating Margin % too high?
Toho Co's current Operating Margin % of 9.83% is 49% below median its 10-year median of 19.22. Over the past 10 years, this metric has ranged from a low of 11.70 to a high of 21.51. The Media - Diversified industry median Operating Margin % is 2.51. Toho Co's value of 9.83% is 291.6% above this industry median. Based on the distribution chart, Toho Co ranks #102 out of 1023 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Co has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Toho Co's Operating Margin % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Toho Co ranks #102 out of 1023 companies for Operating Margin %. This places Toho Co in the top 10% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.51. Toho Co's value of 9.83% is 291.6% above this benchmark. Historically, Toho Co's own Operating Margin % has ranged from 11.70 to 21.51 over the past decade. While the company's 10-year median is 19.22 vs. the industry median of 2.51, Toho 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 Media - Diversified company?
The median Operating Margin % among Media - Diversified companies is 2.51, based on 1,023 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. Toho Co's current Operating Margin % of 9.83% is 291.6% 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 Toho Co and its competitors. For the Media - Diversified industry, the median Operating Margin % is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Co's current Operating Margin % is 9.83%, which is 49% below median its own 10-year median of 19.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Co stock overvalued right now?
Toho Co (FSE:9602) has a current Operating Margin % of 9.83%. The stock's GF Value™ is 円2,020.93, compared to a current price of 円1,560.00 — trading 22.8% below its estimated fair value. The current Operating Margin % is 9.83%, which is 49% below median its 10-year median of 19.22 and 291.6% above the Media - Diversified industry median of 2.51. Toho Co's overall GF Score™ is 91/100. 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 Toho Co (FSE:9602), the current Operating Margin % is 9.83% as of Feb. 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 Toho Co (FSE:9602) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Co stock appears to be undervalued.
The current stock price of 円1,560.00 is trading 22.8% below its estimated GF Value™ of 円2,020.93.
Key valuation signals for FSE:9602:
Operating Margin %: 9.83% (49% below median its 10-year median of 19.22)
GF Value™: 円2,020.93 vs. price of 円1,560.00 (22.8% below fair value)
Industry Position: 291.6% above the Media - Diversified median (#102 of 1023)
No single metric tells the full story. See the FSE:9602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Co Ltd is a diversified media company with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.
91GF Score
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