TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) Operating Margin %: 42.45% (As of Mar. 2026) — 19% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:TRENJ TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS IST:TRENJ
71 GF Score
Price ₺91.80
GF Value ₺83.75
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Operating Margin %?

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS IST:TRENJ -2.13% 71 Operating Margin % is 42.45% as of Mar. 2026, which is 19% above its 10-year median of 35.72. GuruFocus rates IST:TRENJ with a GF Score™ of 71/100 and a GF Value™ of ₺83.75 (Fairly Valued). The stock has 3 warning signs investors should review. Among 841 Metals & Mining companies, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks better than 80.02% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Income for the three months ended in Mar. 2026 was ₺3,812 Mil. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Revenue for the three months ended in Mar. 2026 was ₺8,978 Mil. Therefore, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Margin % for the quarter that ended in Mar. 2026 was 42.45%.

The historical rank and industry rank for TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Margin % or its related term are showing as below:

IST:TRENJ' s Operating Margin % Range Over the Past 10 Years
Min: -2.23   Med: 35.72   Max: 53.75
Current: 31.43


IST:TRENJ's Operating Margin % is ranked better than
80.02% of 841 companies
in the Metals & Mining industry
Industry Median: 5.79 vs IST:TRENJ: 31.43

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Income for the three months ended in Mar. 2026 was ₺3,812 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺6,743 Mil.


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS  (IST:TRENJ) 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.


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Operating Margin % Related Terms


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Operating Margin % Historical Data

* Premium members only.

The historical data trend for TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Operating Margin % Chart

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 42.86 34.83 5.88 -2.23 19.63

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 10.74 17.03 30.45 18.30 42.45

IST:TRENJ vs NEM, AU, RGLD: Operating Margin % Comparison

For the Gold subindustry, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Operating Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Margin % distribution charts can be found below:

* The bar in red indicates where TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Margin % falls into.


IST:TRENJ
71GF Score
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS IST:TRENJ
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 )
=3479.165 / 17727.547
=19.63 %

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 )
=3811.551 / 8978.052
=42.45 %

* 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 42.45% mean?
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) has a Operating Margin % of 42.45% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS and its competitors. This is 19% above median its historical median of 35.72. According to the industry distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #168 out of 841 companies in the Metals & Mining industry, placing it in the top 20%.
Is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Margin % too high?
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Operating Margin % of 42.45% is 19% above median its 10-year median of 35.72. The Metals & Mining industry median Operating Margin % is 5.79. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's value of 42.45% is 633.2% above this industry median. Based on the distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #168 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Operating Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #168 out of 841 companies for Operating Margin %. This places TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS in the top 20% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.79. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's value of 42.45% is 633.2% above this benchmark. While the company's 10-year median is 35.72 vs. the industry median of 5.79, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 Metals & Mining company?
The median Operating Margin % among Metals & Mining companies is 5.79, based on 841 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. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Operating Margin % of 42.45% is 633.2% 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS and its competitors. For the Metals & Mining industry, the median Operating Margin % is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Operating Margin % is 42.45%, which is 19% above median its own 10-year median of 35.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) is currently considered Fairly Valued. The stock's GF Value™ is ₺83.75, compared to a current price of ₺91.80 — trading 9.6% above its estimated fair value. The current Operating Margin % is 42.45%, which is 19% above median its 10-year median of 35.72 and 633.2% above the Metals & Mining industry median of 5.79. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's overall GF Score™ is 71/100 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ), the current Operating Margin % is 42.45% 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) Overvalued in 2026?

Based on GuruFocus' analysis, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS stock appears to be overvalued. The current stock price of ₺91.80 is trading 9.6% above its estimated GF Value™ of ₺83.75. GuruFocus considers TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS to be Fairly Valued.

Key valuation signals for IST:TRENJ:

  • Operating Margin %: 42.45% (19% above median its 10-year median of 35.72)
  • GF Value™: ₺83.75 vs. price of ₺91.80 (9.6% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 633.2% above the Metals & Mining median (#168 of 841)

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


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Business Description

Address Necatibey Cad. No :56/B, Demirtepe, Ankara, TUR
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS, formerly Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS is engaged in the gold mining. It operates seven mines in five regions. The company generates the majority of its revenue from the sale of gold bullion, followed by other revenue and the sale of silver bullion.
71GF Score

Get the complete analysis for IST:TRENJ

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

₺91.80
Price
₺83.75
GF Value