IWVTF (Intelligent Wave) Operating Margin %: 14.54% (As of Dec. 2025) — 44% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

IWVTF Intelligent Wave Inc IWVTF
70 GF Score
Price $5.80
GF Value $7.53
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Intelligent Wave Operating Margin %?

Intelligent Wave IWVTF 70 Operating Margin % is 14.54% as of Dec. 2025, which is 44% above its 10-year median of 10.13. GuruFocus rates IWVTF with a GF Score™ of 70/100 and a GF Value™ of $7.53 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,820 Software companies, Intelligent Wave ranks better than 71.31% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Intelligent Wave's Operating Income for the three months ended in Dec. 2025 was $4.3 Mil. Intelligent Wave's Revenue for the three months ended in Dec. 2025 was $29.5 Mil. Therefore, Intelligent Wave's Operating Margin % for the quarter that ended in Dec. 2025 was 14.54%.

Good Sign:

Intelligent Wave Inc operating margin is expanding. Margin expansion is usually a good sign.

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

IWVTF' s Operating Margin % Range Over the Past 10 Years
Min: 5.16   Med: 10.13   Max: 13.99
Current: 10.65


IWVTF's Operating Margin % is ranked better than
71.31% of 2820 companies
in the Software industry
Industry Median: 3.9 vs IWVTF: 10.65

Intelligent Wave's 5-Year Average Operating Margin % Growth Rate was 5.80% per year.

Intelligent Wave's Operating Income for the three months ended in Dec. 2025 was $4.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $11.5 Mil.


Intelligent Wave  (OTCPK:IWVTF) 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.


Intelligent Wave Operating Margin % Related Terms


Intelligent Wave Operating Margin % Historical Data

* Premium members only.

The historical data trend for Intelligent Wave'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.

Intelligent Wave Operating Margin % Chart

Intelligent Wave Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.10 13.22 11.64 13.99 11.85

Intelligent Wave 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 14.74 9.91 5.49 14.54 11.73

IWVTF vs MSFT, ORCL, PLTR: Operating Margin % Comparison

For the Software - Infrastructure subindustry, Intelligent Wave'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.


Intelligent Wave Operating Margin % vs Software Industry

For the Software industry and Technology sector, Intelligent Wave's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Intelligent Wave's Operating Margin % falls into.


IWVTF
70GF Score
Intelligent Wave Inc IWVTF
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Intelligent Wave 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.

Intelligent Wave's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as

Operating Margin %=Operating Income (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=12.793 / 107.944
=11.85 %

Intelligent Wave's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=4.295 / 29.54
=14.54 %

* 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 14.54% mean?
Intelligent Wave (IWVTF) has a Operating Margin % of 14.54% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Intelligent Wave and its competitors. This is 44% above median its historical median of 10.13. Over the past decade, Intelligent Wave's Operating Margin % has ranged from 5.16 to 13.99. According to the industry distribution chart, Intelligent Wave ranks #809 out of 2820 companies in the Software industry, placing it in the top 28.7%.
Is Intelligent Wave's Operating Margin % too high?
Intelligent Wave's current Operating Margin % of 14.54% is 44% above median its 10-year median of 10.13. Over the past 10 years, this metric has ranged from a low of 5.16 to a high of 13.99. The Software industry median Operating Margin % is 3.90. Intelligent Wave's value of 14.54% is 272.8% above this industry median. Based on the distribution chart, Intelligent Wave ranks #809 out of 2820 companies in the Software industry, which is above the industry midpoint. Overall, Intelligent Wave has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intelligent Wave's Operating Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Intelligent Wave ranks #809 out of 2820 companies for Operating Margin %. This puts Intelligent Wave in the upper half of its industry. The industry median Operating Margin % is 3.90. Intelligent Wave's value of 14.54% is 272.8% above this benchmark. Historically, Intelligent Wave's own Operating Margin % has ranged from 5.16 to 13.99 over the past decade. While the company's 10-year median is 10.13 vs. the industry median of 3.90, Intelligent Wave 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 Software company?
The median Operating Margin % among Software companies is 3.90, based on 2,820 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. Intelligent Wave's current Operating Margin % of 14.54% is 272.8% 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 Intelligent Wave and its competitors. For the Software industry, the median Operating Margin % is 3.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intelligent Wave's current Operating Margin % is 14.54%, which is 44% above median its own 10-year median of 10.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intelligent Wave stock overvalued right now?
Based on GuruFocus' analysis, Intelligent Wave (IWVTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.53, compared to a current price of $5.80 — trading 23% below its estimated fair value. The current Operating Margin % is 14.54%, which is 44% above median its 10-year median of 10.13 and 272.8% above the Software industry median of 3.90. Intelligent Wave's overall GF Score™ is 70/100 with 2 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 Intelligent Wave (IWVTF), the current Operating Margin % is 14.54% as of Dec. 2025. 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 Intelligent Wave (IWVTF) Overvalued in 2026?

Based on GuruFocus' analysis, Intelligent Wave stock appears to be undervalued. The current stock price of $5.80 is trading 23% below its estimated GF Value™ of $7.53. GuruFocus considers Intelligent Wave to be Modestly Undervalued.

Key valuation signals for IWVTF:

  • Operating Margin %: 14.54% (44% above median its 10-year median of 10.13)
  • GF Value™: $7.53 vs. price of $5.80 (23% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 272.8% above the Software median (#809 of 2820)

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


Intelligent Wave Business Description

Other Exchanges 4847:Japan
Address -21-2, Shinkawa, Chuo-ku, Kayabacho Tower, Tokyo, JPN, 104-0033
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
70GF Score

Get the complete analysis for IWVTF

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

$5.80
Price
$7.53
GF Value