GreggsGGGSF 78 Operating Margin % is 10.42% as of Dec. 2025, which is 14% above its 10-year median of 9.11. GuruFocus rates GGGSF with a GF Score™ of 78/100 and a GF Value™ of $45.81 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 365 Restaurants companies, Greggs ranks better than 73.7% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Greggs's Operating Income for the
six
months ended in Dec. 2025 was $157 Mil. Greggs's Revenue for the
six
months ended in Dec. 2025 was $1,504 Mil. Therefore, Greggs's Operating Margin % for the quarter that ended in Dec. 2025 was 10.42%.
The historical rank and industry rank for Greggs's Operating Margin % or its related term are showing as below:
GGGSF'
s Operating Margin % Range Over the Past 10 Years
Min: -0.86 Med: 9.11 Max: 12.46
Current: 8.72
GGGSF's Operating Margin % is ranked better than 73.7% of 365
companies
in the Restaurants industry
Industry Median: 4.26
vs GGGSF: 8.72
Greggs's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Greggs's Operating Income for the
six
months ended in Dec. 2025 was $157 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $252 Mil.
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.
Greggs Operating Margin % Related Terms
Greggs Operating Margin % Historical Data
* Premium members only.
The historical data trend for Greggs'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.
GGGSF vs MCD, SBUX, CMG: Operating Margin % Comparison
For the Restaurants subindustry, Greggs'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.
Greggs Operating Margin % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Greggs's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Greggs'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.
Greggs'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.
Greggs (GGGSF) has a Operating Margin % of 10.42% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Greggs and its competitors. This is 14% above median its historical median of 9.11. According to the industry distribution chart, Greggs ranks #96 out of 365 companies in the Restaurants industry, placing it in the top 26.3%.
Is Greggs' Operating Margin % too high?
Greggs' current Operating Margin % of 10.42% is 14% above median its 10-year median of 9.11. The Restaurants industry median Operating Margin % is 4.26. Greggs' value of 10.42% is 144.6% above this industry median. Based on the distribution chart, Greggs ranks #96 out of 365 companies in the Restaurants industry, which is above the industry midpoint. Overall, Greggs has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Greggs' Operating Margin % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Greggs ranks #96 out of 365 companies for Operating Margin %. This puts Greggs in the upper half of its industry. The industry median Operating Margin % is 4.26. Greggs' value of 10.42% is 144.6% above this benchmark. While the company's 10-year median is 9.11 vs. the industry median of 4.26, Greggs 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 Restaurants company?
The median Operating Margin % among Restaurants companies is 4.26, based on 365 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. Greggs's current Operating Margin % of 10.42% is 144.6% 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 Greggs and its competitors. For the Restaurants industry, the median Operating Margin % is 4.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greggs's current Operating Margin % is 10.42%, which is 14% above median its own 10-year median of 9.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greggs stock overvalued right now?
Based on GuruFocus' analysis, Greggs (GGGSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $45.81, compared to a current price of $20.51 — trading 55.2% below its estimated fair value. The current Operating Margin % is 10.42%, which is 14% above median its 10-year median of 9.11 and 144.6% above the Restaurants industry median of 4.26. Greggs' overall GF Score™ is 78/100 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 Greggs (GGGSF), the current Operating Margin % is 10.42% 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 Greggs (GGGSF) Overvalued in 2026?
Based on GuruFocus' analysis, Greggs stock appears to be undervalued.
The current stock price of $20.51 is trading 55.2% below its estimated GF Value™ of $45.81.
GuruFocus considers Greggs to be Significantly Undervalued.
Key valuation signals for GGGSF:
Operating Margin %: 10.42% (14% above median its 10-year median of 9.11)
GF Value™: $45.81 vs. price of $20.51 (55.2% below fair value)
Industry Position: 144.6% above the Restaurants median (#96 of 365)
No single metric tells the full story. See the GGGSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities and the Business-to-business channel. The majority of its revenue is generated from the Company-managed retail activities segment, in which the Group sells a consistent range of fresh bakery goods, sandwiches, and drinks in its own shops or via delivery. Sales are made to the general public on a cash basis. All results arise in the United Kingdom.
78GF Score
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