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GAG Immobilien AGHAM:GWK3 +3.98%66 Operating Margin % is 18.90% as of Dec. 2025, which is 13% below its 10-year median of 21.81. GuruFocus rates HAM:GWK3 with a GF Score™ of 66/100 and a GF Value™ of €54.70 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,742 Real Estate companies, GAG Immobilien AG ranks better than 59.82% on this metric.
GAG Immobilien AG has recorded a loss in operating income at least once over the past 3 years.
GAG Immobilien AG (HAM:GWK3) 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.
GAG Immobilien AG Operating Margin % Related Terms
GAG Immobilien AG Operating Margin % Historical Data
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The historical data trend for GAG Immobilien AG'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:GWK3 vs CBRE, BEKE, JLL: Operating Margin % Comparison
For the Real Estate Services subindustry, GAG Immobilien AG'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.
GAG Immobilien AG Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, GAG Immobilien AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where GAG Immobilien AG'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.
GAG Immobilien AG'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.
GAG Immobilien AG (HAM:GWK3) has a Operating Margin % of 18.90% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on GAG Immobilien AG and its competitors. This is 13% below median its historical median of 21.81. According to the industry distribution chart, GAG Immobilien AG ranks #700 out of 1742 companies in the Real Estate industry, placing it in the top 40.2%.
Is GAG Immobilien AG's Operating Margin % too high?
GAG Immobilien AG's current Operating Margin % of 18.90% is 13% below median its 10-year median of 21.81. The Real Estate industry median Operating Margin % is 13.25. GAG Immobilien AG's value of 18.90% is 42.7% above this industry median. Based on the distribution chart, GAG Immobilien AG ranks #700 out of 1742 companies in the Real Estate industry, which is above the industry midpoint. Overall, GAG Immobilien AG has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GAG Immobilien AG's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, GAG Immobilien AG ranks #700 out of 1742 companies for Operating Margin %. This puts GAG Immobilien AG in the upper half of its industry. The industry median Operating Margin % is 13.25. GAG Immobilien AG's value of 18.90% is 42.7% above this benchmark. While the company's 10-year median is 21.81 vs. the industry median of 13.25, GAG Immobilien AG 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 13.25, based on 1,742 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. GAG Immobilien AG's current Operating Margin % of 18.90% is 42.7% 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 GAG Immobilien AG and its competitors. For the Real Estate industry, the median Operating Margin % is 13.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GAG Immobilien AG's current Operating Margin % is 18.90%, which is 13% below median its own 10-year median of 21.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAG Immobilien AG stock overvalued right now?
Based on GuruFocus' analysis, GAG Immobilien AG (HAM:GWK3) is currently considered Modestly Undervalued. The stock's GF Value™ is €54.70, compared to a current price of €47.00 — trading 14.1% below its estimated fair value. The current Operating Margin % is 18.90%, which is 13% below median its 10-year median of 21.81 and 42.7% above the Real Estate industry median of 13.25. GAG Immobilien AG's overall GF Score™ is 66/100 with 6 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 GAG Immobilien AG (HAM:GWK3), the current Operating Margin % is 18.90% 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 GAG Immobilien AG (HAM:GWK3) Overvalued in 2026?
Based on GuruFocus' analysis, GAG Immobilien AG stock appears to be undervalued.
The current stock price of €47.00 is trading 14.1% below its estimated GF Value™ of €54.70.
GuruFocus considers GAG Immobilien AG to be Modestly Undervalued.
Key valuation signals for HAM:GWK3:
Operating Margin %: 18.90% (13% below median its 10-year median of 21.81)
GF Value™: €54.70 vs. price of €47.00 (14.1% below fair value)
Industry Position: 42.7% above the Real Estate median (#700 of 1742)
No single metric tells the full story. See the HAM:GWK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GAG Immobilien AG is a Germany based provider of real-estate services and consultation in the city of Cologne. The company operates as a landlord, and is focused on the business of Leasing, Selling and Managing properties. In the leasing business, the company focuses on leasing the properties it owns. The organization apart from being involved in the provision of leasing services, also sells homes, condominiums, flats and buildings. In the Managing business, the entity undertakes the management and administration of third-party apartments for their owners or owner associations.
66GF Score
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