Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) Operating Margin %: 10.11% (As of Mar. 2026) — 75% Below Median


IST:HLGYO Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO
66 GF Score
Price ₺5.90
GF Value ₺8.92
Valuation Possible Value Trap
! 10 Warning Signs
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What is Halk Gayrimenkul Yatirim Ortakligi AS Operating Margin %?

Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO +42.26% 66 Operating Margin % is 10.11% as of Mar. 2026, which is 75% below its 10-year median of 40.97. GuruFocus rates IST:HLGYO with a GF Score™ of 66/100 and a GF Value™ of ₺8.92 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 749 REITs companies, Halk Gayrimenkul Yatirim Ortakligi AS ranks worse than 86.92% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Halk Gayrimenkul Yatirim Ortakligi AS's Operating Income for the three months ended in Mar. 2026 was ₺158 Mil. Halk Gayrimenkul Yatirim Ortakligi AS's Revenue for the three months ended in Mar. 2026 was ₺1,560 Mil. Therefore, Halk Gayrimenkul Yatirim Ortakligi AS's Operating Margin % for the quarter that ended in Mar. 2026 was 10.11%.

Warning Sign:

Halk Gayrimenkul Yatirim Ortakligi AS operating margin has been in a 5-year decline. The average rate of decline per year is -13.9%.

The historical rank and industry rank for Halk Gayrimenkul Yatirim Ortakligi AS's Operating Margin % or its related term are showing as below:

IST:HLGYO' s Operating Margin % Range Over the Past 10 Years
Min: 10.11   Med: 40.97   Max: 61.24
Current: 12.19


IST:HLGYO's Operating Margin % is ranked worse than
86.92% of 749 companies
in the REITs industry
Industry Median: 52.71 vs IST:HLGYO: 12.19

Halk Gayrimenkul Yatirim Ortakligi AS's 5-Year Average Operating Margin % Growth Rate was -13.90% per year.

Halk Gayrimenkul Yatirim Ortakligi AS's Operating Income for the three months ended in Mar. 2026 was ₺158 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺2,007 Mil.

Warning Sign:

Halk Gayrimenkul Yatirim Ortakligi AS has recorded a loss in operating income at least once over the past 3 years.


Halk Gayrimenkul Yatirim Ortakligi AS  (IST:HLGYO) 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.


Halk Gayrimenkul Yatirim Ortakligi AS Operating Margin % Related Terms


Halk Gayrimenkul Yatirim Ortakligi AS Operating Margin % Historical Data

* Premium members only.

The historical data trend for Halk Gayrimenkul Yatirim Ortakligi 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.

Halk Gayrimenkul Yatirim Ortakligi AS Operating Margin % Chart

Halk Gayrimenkul Yatirim Ortakligi 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 43.72 20.61 31.93 60.73 10.11

Halk Gayrimenkul Yatirim Ortakligi 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 2.92 1.77 34.79 11.00 10.11

IST:HLGYO vs VICI, WPC: Operating Margin % Comparison

For the REIT - Diversified subindustry, Halk Gayrimenkul Yatirim Ortakligi 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.


Halk Gayrimenkul Yatirim Ortakligi AS Operating Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Halk Gayrimenkul Yatirim Ortakligi AS's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Halk Gayrimenkul Yatirim Ortakligi AS's Operating Margin % falls into.


IST:HLGYO
66GF Score
Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Halk Gayrimenkul Yatirim Ortakligi 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.

Halk Gayrimenkul Yatirim Ortakligi 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 )
=2000.106 / 19783.252
=10.11 %

Halk Gayrimenkul Yatirim Ortakligi 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 )
=157.828 / 1560.49
=10.11 %

* 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 10.11% mean?
Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) has a Operating Margin % of 10.11% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Halk Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 75% below median its historical median of 40.97. Over the past decade, Halk Gayrimenkul Yatirim Ortakligi AS's Operating Margin % has ranged from 10.11 to 61.24. According to the industry distribution chart, Halk Gayrimenkul Yatirim Ortakligi AS ranks #651 out of 749 companies in the REITs industry, placing it in the top 86.9%.
Is Halk Gayrimenkul Yatirim Ortakligi AS's Operating Margin % too high?
Halk Gayrimenkul Yatirim Ortakligi AS's current Operating Margin % of 10.11% is 75% below median its 10-year median of 40.97. Over the past 10 years, this metric has ranged from a low of 10.11 to a high of 61.24. The REITs industry median Operating Margin % is 52.71. Halk Gayrimenkul Yatirim Ortakligi AS's value of 10.11% is 80.8% below this industry median. Based on the distribution chart, Halk Gayrimenkul Yatirim Ortakligi AS ranks #651 out of 749 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Halk Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Halk Gayrimenkul Yatirim Ortakligi AS's Operating Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Halk Gayrimenkul Yatirim Ortakligi AS ranks #651 out of 749 companies for Operating Margin %. This places Halk Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Operating Margin % is 52.71. Halk Gayrimenkul Yatirim Ortakligi AS's value of 10.11% is 80.8% below this benchmark. Historically, Halk Gayrimenkul Yatirim Ortakligi AS's own Operating Margin % has ranged from 10.11 to 61.24 over the past decade. While the company's 10-year median is 40.97 vs. the industry median of 52.71, Halk Gayrimenkul Yatirim Ortakligi AS has consistently been below 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 REITs company?
The median Operating Margin % among REITs companies is 52.71, based on 749 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. Halk Gayrimenkul Yatirim Ortakligi AS's current Operating Margin % of 10.11% is 80.8% below 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 Halk Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Operating Margin % is 52.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halk Gayrimenkul Yatirim Ortakligi AS's current Operating Margin % is 10.11%, which is 75% below median its own 10-year median of 40.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halk Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺8.92, compared to a current price of ₺5.90 — trading 33.9% below its estimated fair value. The current Operating Margin % is 10.11%, which is 75% below median its 10-year median of 40.97 and 80.8% below the REITs industry median of 52.71. Halk Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 66/100 with 10 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 Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO), the current Operating Margin % is 10.11% 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 Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Halk Gayrimenkul Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺5.90 is trading 33.9% below its estimated GF Value™ of ₺8.92. GuruFocus considers Halk Gayrimenkul Yatirim Ortakligi AS to be Possible Value Trap.

Key valuation signals for IST:HLGYO:

  • Operating Margin %: 10.11% (75% below median its 10-year median of 40.97)
  • GF Value™: ₺8.92 vs. price of ₺5.90 (33.9% below fair value)
  • GF Score™: 66/100 with 10 warning signs
  • Industry Position: 80.8% below the REITs median (#651 of 749)

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


Halk Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Serifali Ciftligi Tatlisu, Mahallesi Ertugrulgazi Sokaz Number1, Yukari Dudullu - Umraniye, Istanbul, TUR, 34774
Halk Gayrimenkul Yatirim Ortakligi AS is a Turkey-based Real Estate Investment Trust. It was established with the aim of investing in real estate and real estate projects and accelerating the change and improvement in the real estate market. The projects of the company include Halk Towers, Evora Izmir Project, Bizimtepe Aydos Project, and Park Dedeman Levent Hotel among others.
66GF Score

Get the complete analysis for IST:HLGYO

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

₺5.90
Price
₺8.92
GF Value