OSRAM Licht AG (HAM:OSR) Operating Margin %: -3.77% (As of Mar. 2026)


HAM:OSR OSRAM Licht AG HAM:OSR
59 GF Score
Price €53.20
GF Value €97.64
Valuation Possible Value Trap
! 3 Warning Signs
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What is OSRAM Licht AG Operating Margin %?

OSRAM Licht AG HAM:OSR +0.38% 59 Operating Margin % is -3.77% as of Mar. 2026. GuruFocus rates HAM:OSR with a GF Score™ of 59/100 and a GF Value™ of €97.64 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 3,038 Industrial Products companies, OSRAM Licht AG ranks worse than 82.46% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. OSRAM Licht AG's Operating Income for the three months ended in Mar. 2026 was €-30.0 Mil. OSRAM Licht AG's Revenue for the three months ended in Mar. 2026 was €796.0 Mil. Therefore, OSRAM Licht AG's Operating Margin % for the quarter that ended in Mar. 2026 was -3.77%.

The historical rank and industry rank for OSRAM Licht AG's Operating Margin % or its related term are showing as below:

HAM:OSR' s Operating Margin % Range Over the Past 10 Years
Min: -9.15   Med: 1.44   Max: 10.94
Current: -3.77


HAM:OSR's Operating Margin % is ranked worse than
82.46% of 3038 companies
in the Industrial Products industry
Industry Median: 6.53 vs HAM:OSR: -3.77

OSRAM Licht AG's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

OSRAM Licht AG's Operating Income for the three months ended in Mar. 2026 was €-30.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €-30.0 Mil.


OSRAM Licht AG  (HAM:OSR) 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 Nokia’s 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.


OSRAM Licht AG Operating Margin % Related Terms


OSRAM Licht AG Operating Margin % Historical Data

* Premium members only.

The historical data trend for OSRAM Licht 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.

OSRAM Licht AG Operating Margin % Chart

OSRAM Licht AG Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.15 0.62 -3.51 0.76 2.11

OSRAM Licht AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Mar22 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24 Dec24 Mar25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.34 0.00 -0.37 0.00 -3.77

HAM:OSR vs VRT, BE, NVT: Operating Margin % Comparison

For the Electrical Equipment & Parts subindustry, OSRAM Licht 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.


OSRAM Licht AG Operating Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, OSRAM Licht AG's Operating Margin % distribution charts can be found below:

* The bar in red indicates where OSRAM Licht AG's Operating Margin % falls into.


HAM:OSR
59GF Score
OSRAM Licht AG HAM:OSR
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OSRAM Licht AG 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.

OSRAM Licht AG's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=70 / 3323
=2.11 %

OSRAM Licht AG's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-30 / 796
=-3.77 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -3.77% mean?
OSRAM Licht AG (HAM:OSR) has a Operating Margin % of -3.77% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on OSRAM Licht AG and its competitors. According to the industry distribution chart, OSRAM Licht AG ranks #2505 out of 3038 companies in the Industrial Products industry, placing it in the top 82.5%.
Is OSRAM Licht AG's Operating Margin % too high?
OSRAM Licht AG's current Operating Margin % is -3.77%. Based on the distribution chart, OSRAM Licht AG ranks #2505 out of 3038 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, OSRAM Licht AG has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does OSRAM Licht AG's Operating Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, OSRAM Licht AG ranks #2505 out of 3038 companies for Operating Margin %. This places OSRAM Licht AG in the lower half of its industry. The industry median Operating Margin % is 6.53. 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 an Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.53, based on 3,038 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. 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 OSRAM Licht AG and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OSRAM Licht AG's current Operating Margin % is -3.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OSRAM Licht AG stock overvalued right now?
Based on GuruFocus' analysis, OSRAM Licht AG (HAM:OSR) is currently considered Possible Value Trap. The stock's GF Value™ is €97.64, compared to a current price of €53.20 — trading 45.5% below its estimated fair value. The current Operating Margin % is -3.77%. OSRAM Licht AG's overall GF Score™ is 59/100 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 OSRAM Licht AG (HAM:OSR), the current Operating Margin % is -3.77% 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 OSRAM Licht AG (HAM:OSR) Overvalued in 2026?

Based on GuruFocus' analysis, OSRAM Licht AG stock appears to be undervalued. The current stock price of €53.20 is trading 45.5% below its estimated GF Value™ of €97.64. GuruFocus considers OSRAM Licht AG to be Possible Value Trap.

Key valuation signals for HAM:OSR:

  • Operating Margin %: -3.77%
  • GF Value™: €97.64 vs. price of €53.20 (45.5% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the HAM:OSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OSRAM Licht AG Business Description

Address Tobelbader Strasse 30, Premstaetten, Graz, AUT, 8141
OSRAM Licht AG is a provider of lighting and sensor technology solutions. The company's products include LED's, Drivers, Lasers, Photodetectors, multi-chips, Sensor solutions, Interfaces, Full-service foundry, ASICs and customized solutions, Lamps, and Boards, kits & accessories. Its segments include Opto Semiconductors (OS), CMOS Sensors & ASICs (CSA), and the Lamps & Systems (L&S) segments. The Opto Semiconductors and CMOS Sensors & ASICs segments cover semiconductor-based products and solutions (including LEDs) for customers in the automotive, consumer, industrial, and medical technology end markets. The Lamps & Systems segment includes lamps and lighting systems; it focuses on the automotive and industrial end markets.
59GF Score

Get the complete analysis for HAM:OSR

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€53.20
Price
€97.64
GF Value