GSD Holding AS (IST:GSDHO) Operating Margin %: 41.11% (As of Mar. 2026) — 26% Above Median


IST:GSDHO GSD Holding AS IST:GSDHO
63 GF Score
Price ₺5.83
GF Value ₺5.14
Valuation Modestly Overvalued
! 5 Warning Signs
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What is GSD Holding AS Operating Margin %?

GSD Holding AS IST:GSDHO -1.19% 63 Operating Margin % is 41.11% as of Mar. 2026, which is 26% above its 10-year median of 32.50. GuruFocus rates IST:GSDHO with a GF Score™ of 63/100 and a GF Value™ of ₺5.14 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 999 Transportation companies, GSD Holding AS ranks better than 96.3% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. GSD Holding AS's Operating Income for the three months ended in Mar. 2026 was ₺535 Mil. GSD Holding AS's Revenue for the three months ended in Mar. 2026 was ₺1,302 Mil. Therefore, GSD Holding AS's Operating Margin % for the quarter that ended in Mar. 2026 was 41.11%.

Good Sign:

GSD Holding AS operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for GSD Holding AS's Operating Margin % or its related term are showing as below:

IST:GSDHO' s Operating Margin % Range Over the Past 10 Years
Min: 17.86   Med: 32.5   Max: 57.87
Current: 41.72


IST:GSDHO's Operating Margin % is ranked better than
96.3% of 999 companies
in the Transportation industry
Industry Median: 7.32 vs IST:GSDHO: 41.72

GSD Holding AS's 5-Year Average Operating Margin % Growth Rate was 6.60% per year.

GSD Holding AS's Operating Income for the three months ended in Mar. 2026 was ₺535 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺2,219 Mil.


GSD Holding AS  (IST:GSDHO) 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.


GSD Holding AS Operating Margin % Related Terms


GSD Holding AS Operating Margin % Historical Data

* Premium members only.

The historical data trend for GSD Holding AS'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.

GSD Holding AS Operating Margin % Chart

GSD Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.87 56.81 32.50 37.90 40.14

GSD Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 35.26 31.06 46.12 48.53 41.11

GSD Holding AS Operating Margin % Competitor Comparison

For the Marine Shipping subindustry, GSD Holding AS'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.


GSD Holding AS Operating Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, GSD Holding AS's Operating Margin % distribution charts can be found below:

* The bar in red indicates where GSD Holding AS's Operating Margin % falls into.


IST:GSDHO
63GF Score
GSD Holding AS IST:GSDHO
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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GSD Holding AS 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.

GSD Holding AS'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 )
=2165.781 / 5395.519
=40.14 %

GSD Holding AS'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 )
=535.074 / 1301.652
=41.11 %

* 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 41.11% mean?
GSD Holding AS (IST:GSDHO) has a Operating Margin % of 41.11% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on GSD Holding AS and its competitors. This is 26% above median its historical median of 32.50. Over the past decade, GSD Holding AS's Operating Margin % has ranged from 17.86 to 57.87. According to the industry distribution chart, GSD Holding AS ranks #37 out of 999 companies in the Transportation industry, placing it in the top 3.7%.
Is GSD Holding AS's Operating Margin % too high?
GSD Holding AS's current Operating Margin % of 41.11% is 26% above median its 10-year median of 32.50. Over the past 10 years, this metric has ranged from a low of 17.86 to a high of 57.87. The Transportation industry median Operating Margin % is 7.32. GSD Holding AS's value of 41.11% is 461.6% above this industry median. Based on the distribution chart, GSD Holding AS ranks #37 out of 999 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, GSD Holding AS has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GSD Holding AS's Operating Margin % compare to competitors?
According to the Transportation industry distribution chart, GSD Holding AS ranks #37 out of 999 companies for Operating Margin %. This places GSD Holding AS in the top 4% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.32. GSD Holding AS's value of 41.11% is 461.6% above this benchmark. Historically, GSD Holding AS's own Operating Margin % has ranged from 17.86 to 57.87 over the past decade. While the company's 10-year median is 32.50 vs. the industry median of 7.32, GSD Holding AS 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.32, based on 999 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. GSD Holding AS's current Operating Margin % of 41.11% is 461.6% 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 GSD Holding AS and its competitors. For the Transportation industry, the median Operating Margin % is 7.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GSD Holding AS's current Operating Margin % is 41.11%, which is 26% above median its own 10-year median of 32.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GSD Holding AS stock overvalued right now?
Based on GuruFocus' analysis, GSD Holding AS (IST:GSDHO) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺5.14, compared to a current price of ₺5.83 — trading 13.4% above its estimated fair value. The current Operating Margin % is 41.11%, which is 26% above median its 10-year median of 32.50 and 461.6% above the Transportation industry median of 7.32. GSD Holding AS's overall GF Score™ is 63/100 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 GSD Holding AS (IST:GSDHO), the current Operating Margin % is 41.11% 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 GSD Holding AS (IST:GSDHO) Overvalued in 2026?

Based on GuruFocus' analysis, GSD Holding AS stock appears to be overvalued. The current stock price of ₺5.83 is trading 13.4% above its estimated GF Value™ of ₺5.14. GuruFocus considers GSD Holding AS to be Modestly Overvalued.

Key valuation signals for IST:GSDHO:

  • Operating Margin %: 41.11% (26% above median its 10-year median of 32.50)
  • GF Value™: ₺5.14 vs. price of ₺5.83 (13.4% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 461.6% above the Transportation median (#37 of 999)

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


GSD Holding AS Business Description

Address Aydinevler Mahallesi, Captan Rifat Sokak Number 3, Kucukyali, Maltepe, Istanbul, TUR, 34854
GSD Holding AS operates in finance, marine, and energy sectors through its subsidiaries in Turkey. Its primary functions are to establish, execute, and evaluate the medium-term goals and targets for its subsidiaries and affiliated companies, and to coordinate their activities.
63GF Score

Get the complete analysis for IST:GSDHO

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

₺5.83
Price
₺5.14
GF Value