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Melbourne EnterprisesHKSE:00158 60 Operating Margin % is 59.55% as of Mar. 2026, which is 18% below its 10-year median of 72.61. GuruFocus rates HKSE:00158 with a GF Score™ of 60/100 and a GF Value™ of HK$63.95 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,743 Real Estate companies, Melbourne Enterprises ranks better than 90.71% on this metric.
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.
Melbourne Enterprises Operating Margin % Related Terms
Melbourne Enterprises Operating Margin % Historical Data
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The historical data trend for Melbourne Enterprises'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.
HKSE:00158 vs CBRE, BEKE, JLL: Operating Margin % Comparison
For the Real Estate Services subindustry, Melbourne Enterprises'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.
Melbourne Enterprises Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Melbourne Enterprises's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Melbourne Enterprises'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.
Melbourne Enterprises's Operating Margin % for the fiscal year that ended in Sep. 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.
Melbourne Enterprises (HKSE:00158) has a Operating Margin % of 59.55% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Melbourne Enterprises and its competitors. This is 18% below median its historical median of 72.61. Over the past decade, Melbourne Enterprises' Operating Margin % has ranged from 61.44 to 80.55. According to the industry distribution chart, Melbourne Enterprises ranks #162 out of 1743 companies in the Real Estate industry, placing it in the top 9.3%.
Is Melbourne Enterprises' Operating Margin % too high?
Melbourne Enterprises' current Operating Margin % of 59.55% is 18% below median its 10-year median of 72.61. Over the past 10 years, this metric has ranged from a low of 61.44 to a high of 80.55. The Real Estate industry median Operating Margin % is 12.82. Melbourne Enterprises' value of 59.55% is 364.5% above this industry median. Based on the distribution chart, Melbourne Enterprises ranks #162 out of 1743 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Melbourne Enterprises has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Melbourne Enterprises' Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Melbourne Enterprises ranks #162 out of 1743 companies for Operating Margin %. This places Melbourne Enterprises in the top 9% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 12.82. Melbourne Enterprises' value of 59.55% is 364.5% above this benchmark. Historically, Melbourne Enterprises' own Operating Margin % has ranged from 61.44 to 80.55 over the past decade. While the company's 10-year median is 72.61 vs. the industry median of 12.82, Melbourne Enterprises 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 12.82, based on 1,743 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. Melbourne Enterprises's current Operating Margin % of 59.55% is 364.5% 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 Melbourne Enterprises and its competitors. For the Real Estate industry, the median Operating Margin % is 12.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melbourne Enterprises's current Operating Margin % is 59.55%, which is 18% below median its own 10-year median of 72.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melbourne Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Melbourne Enterprises (HKSE:00158) is currently considered Fairly Valued. The stock's GF Value™ is HK$63.95, compared to a current price of HK$58.00 — trading 9.3% below its estimated fair value. The current Operating Margin % is 59.55%, which is 18% below median its 10-year median of 72.61 and 364.5% above the Real Estate industry median of 12.82. Melbourne Enterprises' overall GF Score™ is 60/100 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 Melbourne Enterprises (HKSE:00158), the current Operating Margin % is 59.55% 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 Melbourne Enterprises (HKSE:00158) Overvalued in 2026?
Based on GuruFocus' analysis, Melbourne Enterprises stock appears to be undervalued.
The current stock price of HK$58.00 is trading 9.3% below its estimated GF Value™ of HK$63.95.
GuruFocus considers Melbourne Enterprises to be Fairly Valued.
Key valuation signals for HKSE:00158:
Operating Margin %: 59.55% (18% below median its 10-year median of 72.61)
GF Value™: HK$63.95 vs. price of HK$58.00 (9.3% below fair value)
Industry Position: 364.5% above the Real Estate median (#162 of 1743)
No single metric tells the full story. See the HKSE:00158 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melbourne Enterprises Ltd is an investment holding company. The company and its subsidiary company are principally engaged in property investment and investment holding in Hong Kong. The company's only operating segment is property investment. It generates the majority of revenue from the Rental income. The properties under the company include Melbourne Plaza, Kimley Commercial Building, as well as Retail properties in the On Hing Mansion Shop 9B.
60GF Score
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