Gaming and Leisure Properties (NAS:GLPI) 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.
Gaming and Leisure Properties Operating Margin % Related Terms
Gaming and Leisure Properties 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.
Gaming and Leisure Properties Operating Margin % Chart
GLPI vs LAMR, WY, RYN: Operating Margin % Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Operating Margin % falls into.
Gaming and Leisure Properties 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.
* 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.
Gaming and Leisure Properties (GLPI) has a Operating Margin % of 79.37% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Gaming and Leisure Properties and its competitors. This is 18% above median its historical median of 67.01. Over the past decade, Gaming and Leisure Properties' Operating Margin % has ranged from 58.03 to 79.18. According to the industry distribution chart, Gaming and Leisure Properties ranks #96 out of 750 companies in the REITs industry, placing it in the top 12.8%.
Is Gaming and Leisure Properties' Operating Margin % too high?
Gaming and Leisure Properties' current Operating Margin % of 79.37% is 18% above median its 10-year median of 67.01. Over the past 10 years, this metric has ranged from a low of 58.03 to a high of 79.18. The REITs industry median Operating Margin % is 52.67. Gaming and Leisure Properties' value of 79.37% is 50.7% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #96 out of 750 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Gaming and Leisure Properties has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' Operating Margin % compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #96 out of 750 companies for Operating Margin %. This places Gaming and Leisure Properties in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.67. Gaming and Leisure Properties' value of 79.37% is 50.7% above this benchmark. Historically, Gaming and Leisure Properties' own Operating Margin % has ranged from 58.03 to 79.18 over the past decade. While the company's 10-year median is 67.01 vs. the industry median of 52.67, Gaming and Leisure Properties 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 REITs company?
The median Operating Margin % among REITs companies is 52.67, based on 750 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. Gaming and Leisure Properties's current Operating Margin % of 79.37% is 50.7% 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 Gaming and Leisure Properties and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current Operating Margin % is 79.37%, which is 18% above median its own 10-year median of 67.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming and Leisure Properties stock overvalued right now?
Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Fairly Valued. The stock's GF Value™ is $49.74, compared to a current price of $45.38 — trading 8.8% below its estimated fair value. The current Operating Margin % is 79.37%, which is 18% above median its 10-year median of 67.01 and 50.7% above the REITs industry median of 52.67. Gaming and Leisure Properties' overall GF Score™ is 84/100 with 5 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 Gaming and Leisure Properties (GLPI), the current Operating Margin % is 79.37% 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 Gaming and Leisure Properties (GLPI) Overvalued in 2026?
Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued.
The current stock price of $45.38 is trading 8.8% below its estimated GF Value™ of $49.74.
GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.
Key valuation signals for GLPI:
Operating Margin %: 79.37% (18% above median its 10-year median of 67.01)
GF Value™: $49.74 vs. price of $45.38 (8.8% below fair value)
Industry Position: 50.7% above the REITs median (#96 of 750)
No single metric tells the full story. See the GLPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gaming and Leisure Properties Business Description
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
84GF Score
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