Elisa OyjHAM:EIA -1.60%90 Operating Margin % is 22.61% as of Mar. 2026, which is 6% above its 10-year median of 21.42. GuruFocus rates HAM:EIA with a GF Score™ of 90/100 and a GF Value™ of €44.40. The stock has 3 warning signs investors should review. Among 367 Telecommunication Services companies, Elisa Oyj ranks better than 76.84% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Elisa Oyj's Operating Income for the
three
months ended in Mar. 2026 was €124 Mil. Elisa Oyj's Revenue for the
three
months ended in Mar. 2026 was €548 Mil. Therefore, Elisa Oyj's Operating Margin % for the quarter that ended in Mar. 2026 was 22.61%.
The historical rank and industry rank for Elisa Oyj's Operating Margin % or its related term are showing as below:
HAM:EIA'
s Operating Margin % Range Over the Past 10 Years
Min: 20.47 Med: 21.42 Max: 22.16
Current: 20.81
HAM:EIA's Operating Margin % is ranked better than 76.84% of 367
companies
in the Telecommunication Services industry
Industry Median: 9.73
vs HAM:EIA: 20.81
Elisa Oyj's 5-Year Average Operating Margin % Growth Rate was -0.40% per year.
Elisa Oyj's Operating Income for the
three
months ended in Mar. 2026 was €124 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €468 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.
Elisa Oyj Operating Margin % Related Terms
Elisa Oyj Operating Margin % Historical Data
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The historical data trend for Elisa Oyj'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.
HAM:EIA vs TMUS, VZ, T: Operating Margin % Comparison
For the Telecom Services subindustry, Elisa Oyj'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.
Elisa Oyj Operating Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Elisa Oyj's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Elisa Oyj'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.
Elisa Oyj'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.
Elisa Oyj (HAM:EIA) has a Operating Margin % of 22.61% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Elisa Oyj and its competitors. This is near median its historical median of 21.42. Over the past decade, Elisa Oyj's Operating Margin % has ranged from 20.47 to 22.16. According to the industry distribution chart, Elisa Oyj ranks #85 out of 367 companies in the Telecommunication Services industry, placing it in the top 23.2%.
Is Elisa Oyj's Operating Margin % too high?
Elisa Oyj's current Operating Margin % of 22.61% is near median its 10-year median of 21.42. Over the past 10 years, this metric has ranged from a low of 20.47 to a high of 22.16. The Telecommunication Services industry median Operating Margin % is 9.73. Elisa Oyj's value of 22.61% is 132.4% above this industry median. Based on the distribution chart, Elisa Oyj ranks #85 out of 367 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Elisa Oyj has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Elisa Oyj's Operating Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Elisa Oyj ranks #85 out of 367 companies for Operating Margin %. This places Elisa Oyj in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 9.73. Elisa Oyj's value of 22.61% is 132.4% above this benchmark. Historically, Elisa Oyj's own Operating Margin % has ranged from 20.47 to 22.16 over the past decade. While the company's 10-year median is 21.42 vs. the industry median of 9.73, Elisa Oyj 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 Telecommunication Services company?
The median Operating Margin % among Telecommunication Services companies is 9.73, based on 367 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. Elisa Oyj's current Operating Margin % of 22.61% is 132.4% 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 Elisa Oyj and its competitors. For the Telecommunication Services industry, the median Operating Margin % is 9.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elisa Oyj's current Operating Margin % is 22.61%, which is near median its own 10-year median of 21.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elisa Oyj stock overvalued right now?
Elisa Oyj (HAM:EIA) has a current Operating Margin % of 22.61%. The stock's GF Value™ is €44.40, compared to a current price of €36.88 — trading 16.9% below its estimated fair value. The current Operating Margin % is 22.61%, which is near median its 10-year median of 21.42 and 132.4% above the Telecommunication Services industry median of 9.73. Elisa Oyj's overall GF Score™ is 90/100 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 Elisa Oyj (HAM:EIA), the current Operating Margin % is 22.61% 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 Elisa Oyj (HAM:EIA) Overvalued in 2026?
Based on GuruFocus' analysis, Elisa Oyj stock appears to be undervalued.
The current stock price of €36.88 is trading 16.9% below its estimated GF Value™ of €44.40.
Key valuation signals for HAM:EIA:
Operating Margin %: 22.61% (near median its 10-year median of 21.42)
GF Value™: €44.40 vs. price of €36.88 (16.9% below fair value)
Industry Position: 132.4% above the Telecommunication Services median (#85 of 367)
No single metric tells the full story. See the HAM:EIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elisa Oyj is a telecommunications company that operates in two segments, Consumer Customers and Corporate Customers. The Consumer Customers segment provides consumers with telecommunications and communications services, such as fixed and mobile subscriptions with supplementary digital services, cable TV subscriptions, and Elisa Viihde entertainment service. The Corporate Customers segment provides corporate and public administration organizations with services such as IT and communication solutions for the digital environment and fixed and mobile subscriptions. The majority of revenue is generated from the Consumer Customers segment. The company generates the majority of its revenue in Finland.
90GF Score
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