Ihlas Holding AS (IST:IHLAS) Operating Margin %: -19.85% (As of Mar. 2026)


IST:IHLAS Ihlas Holding AS IST:IHLAS
46 GF Score
Price ₺1.23
GF Value ₺1.90
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ihlas Holding AS Operating Margin %?

Ihlas Holding AS IST:IHLAS -3.91% 46 Operating Margin % is -19.85% as of Mar. 2026. GuruFocus rates IST:IHLAS with a GF Score™ of 46/100 and a GF Value™ of ₺1.90 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 545 Conglomerates companies, Ihlas Holding AS ranks worse than 93.03% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ihlas Holding AS's Operating Income for the three months ended in Mar. 2026 was ₺-810 Mil. Ihlas Holding AS's Revenue for the three months ended in Mar. 2026 was ₺4,083 Mil. Therefore, Ihlas Holding AS's Operating Margin % for the quarter that ended in Mar. 2026 was -19.85%.

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

IST:IHLAS' s Operating Margin % Range Over the Past 10 Years
Min: -26.52   Med: 5.35   Max: 11.33
Current: -26.52


IST:IHLAS's Operating Margin % is ranked worse than
93.03% of 545 companies
in the Conglomerates industry
Industry Median: 5.93 vs IST:IHLAS: -26.52

Ihlas Holding AS's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Ihlas Holding AS's Operating Income for the three months ended in Mar. 2026 was ₺-810 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺-4,760 Mil.

Warning Sign:

Ihlas Holding AS had lost money in 92% of the time over the past 12quarters.


Ihlas Holding AS  (IST:IHLAS) 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.


Ihlas Holding AS Operating Margin % Related Terms


Ihlas Holding AS Operating Margin % Historical Data

* Premium members only.

The historical data trend for Ihlas 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.

Ihlas Holding AS Operating Margin % Chart

Ihlas 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 3.52 -23.21 -19.90 -18.32 -25.18

Ihlas 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 -12.30 -24.27 -10.68 -36.76 -19.85

IST:IHLAS vs HON, MMM: Operating Margin % Comparison

For the Conglomerates subindustry, Ihlas 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.


Ihlas Holding AS Operating Margin % vs Conglomerates Industry

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

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


IST:IHLAS
46GF Score
Ihlas Holding AS IST:IHLAS
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ihlas 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.

Ihlas 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 )
=-4321.69 / 17160.32
=-25.18 %

Ihlas 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 )
=-810.355 / 4082.787
=-19.85 %

* 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 -19.85% mean?
Ihlas Holding AS (IST:IHLAS) has a Operating Margin % of -19.85% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ihlas Holding AS and its competitors. According to the industry distribution chart, Ihlas Holding AS ranks #507 out of 545 companies in the Conglomerates industry, placing it in the top 93%.
Is Ihlas Holding AS's Operating Margin % too high?
Ihlas Holding AS's current Operating Margin % is -19.85%. Based on the distribution chart, Ihlas Holding AS ranks #507 out of 545 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Ihlas Holding AS has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ihlas Holding AS's Operating Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Ihlas Holding AS ranks #507 out of 545 companies for Operating Margin %. This places Ihlas Holding AS in the lower half of its industry. The industry median Operating Margin % is 5.93. 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 Conglomerates company?
The median Operating Margin % among Conglomerates companies is 5.93, based on 545 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 Ihlas Holding AS and its competitors. For the Conglomerates industry, the median Operating Margin % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ihlas Holding AS's current Operating Margin % is -19.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ihlas Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Ihlas Holding AS (IST:IHLAS) is currently considered Possible Value Trap. The stock's GF Value™ is ₺1.90, compared to a current price of ₺1.23 — trading 35.3% below its estimated fair value. The current Operating Margin % is -19.85%. Ihlas Holding AS's overall GF Score™ is 46/100 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 Ihlas Holding AS (IST:IHLAS), the current Operating Margin % is -19.85% 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 Ihlas Holding AS (IST:IHLAS) Overvalued in 2026?

Based on GuruFocus' analysis, Ihlas Holding AS stock appears to be undervalued. The current stock price of ₺1.23 is trading 35.3% below its estimated GF Value™ of ₺1.90. GuruFocus considers Ihlas Holding AS to be Possible Value Trap.

Key valuation signals for IST:IHLAS:

  • Operating Margin %: -19.85%
  • GF Value™: ₺1.90 vs. price of ₺1.23 (35.3% below fair value)
  • GF Score™: 46/100 with 5 warning signs

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


Ihlas Holding AS Business Description

Address Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197
Ihlas Holding AS is a Turkey-based holding company. The operating segment includes Construction, Marketing, Media, and Others. It generates maximum revenue from the Marketing segment. The construction segment includes Real estate trading, construction projects, installation and contracting works, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves Publishing, selling, distributing and marketing of newspapers and all kinds of publications in Turkey and abroad, news agencies, television, and Other. The Marketing segment includes Home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey.
46GF Score

Get the complete analysis for IST:IHLAS

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

₺1.23
Price
₺1.90
GF Value