Janus Henderson GroupJHG +0.08%83 Operating Margin % is 16.51% as of Mar. 2026, which is 36% below its 10-year median of 25.80. GuruFocus rates JHG with a GF Score™ of 83/100 and a GF Value™ of $49.75 (Fairly Valued). The stock has 5 warning signs investors should review. Among 653 Asset Management companies, Janus Henderson Group ranks better than 60.95% on this metric.
Janus Henderson Group (NYSE:JHG) 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 Nokias 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.
Janus Henderson Group Operating Margin % Related Terms
Janus Henderson Group Operating Margin % Historical Data
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The historical data trend for Janus Henderson Group'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.
JHG vs PDI, AMG, TPG: Operating Margin % Comparison
For the Asset Management subindustry, Janus Henderson Group'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.
Janus Henderson Group Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Janus Henderson Group's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Janus Henderson Group's Operating Margin % falls into.
Janus Henderson Group 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.
Janus Henderson Group's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Janus Henderson Group (JHG) has a Operating Margin % of 16.51% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Janus Henderson Group and its competitors. This is 36% below median its historical median of 25.80. Over the past decade, Janus Henderson Group's Operating Margin % has ranged from 22.80 to 34.07. According to the industry distribution chart, Janus Henderson Group ranks #255 out of 653 companies in the Asset Management industry, placing it in the top 39.1%.
Is Janus Henderson Group's Operating Margin % too high?
Janus Henderson Group's current Operating Margin % of 16.51% is 36% below median its 10-year median of 25.80. Over the past 10 years, this metric has ranged from a low of 22.80 to a high of 34.07. The Asset Management industry median Operating Margin % is 17.21. Janus Henderson Group's value of 16.51% is 4.1% below this industry median. Based on the distribution chart, Janus Henderson Group ranks #255 out of 653 companies in the Asset Management industry, which is above the industry midpoint. Overall, Janus Henderson Group has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Janus Henderson Group's Operating Margin % compare to PDI and AMG?
According to the Asset Management industry distribution chart, Janus Henderson Group ranks #255 out of 653 companies for Operating Margin %. This puts Janus Henderson Group in the upper half of its industry. The industry median Operating Margin % is 17.21. Janus Henderson Group's value of 16.51% is 4.1% below this benchmark. Historically, Janus Henderson Group's own Operating Margin % has ranged from 22.80 to 34.07 over the past decade. While the company's 10-year median is 25.80 vs. the industry median of 17.21, Janus Henderson Group 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 an Asset Management company?
The median Operating Margin % among Asset Management companies is 17.21, based on 653 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. Janus Henderson Group's current Operating Margin % of 16.51% is 4.1% 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 Janus Henderson Group and its competitors. For the Asset Management industry, the median Operating Margin % is 17.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Janus Henderson Group's current Operating Margin % is 16.51%, which is 36% below median its own 10-year median of 25.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Janus Henderson Group stock overvalued right now?
Based on GuruFocus' analysis, Janus Henderson Group (JHG) is currently considered Fairly Valued. The stock's GF Value™ is $49.75, compared to a current price of $51.97 — trading 4.5% above its estimated fair value. The current Operating Margin % is 16.51%, which is 36% below median its 10-year median of 25.80 and 4.1% below the Asset Management industry median of 17.21. Janus Henderson Group's overall GF Score™ is 83/100 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 Janus Henderson Group (JHG), the current Operating Margin % is 16.51% 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 Janus Henderson Group (JHG) Overvalued in 2026?
Based on GuruFocus' analysis, Janus Henderson Group stock appears to be overvalued.
The current stock price of $51.97 is trading 4.5% above its estimated GF Value™ of $49.75.
GuruFocus considers Janus Henderson Group to be Fairly Valued.
Key valuation signals for JHG:
Operating Margin %: 16.51% (36% below median its 10-year median of 25.80)
GF Value™: $49.75 vs. price of $51.97 (4.5% above fair value)
Industry Position: 4.1% below the Asset Management median (#255 of 653)
No single metric tells the full story. See the JHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Janus Henderson Group provides investment management services to retail intermediary (49% of managed assets), self-directed (20%) and institutional (31%) clients. At the end of 2025, active equities (52%), fixed-income (32%), balanced (12%) and alternative (4%) investment platforms constituted the company's $493.2 billion in assets under management. Janus Henderson sources most of its managed assets from clients in North America (65%), with customers from Europe, the Middle East, Africa, and Latin America (26%) and the Asia-Pacific region (9%) accounting for the remainder.
83GF Score
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