Alexander Forbes Group HoldingsJSE:AFH +0.95%68 Operating Margin % is 18.41% as of Mar. 2026, which is 32% above its 10-year median of 13.98. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.61 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 86 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks better than 67.44% on this metric.
Alexander Forbes Group Holdings Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Alexander Forbes Group Holdings's Operating Margin % or its related term are showing as below:
JSE:AFH'
s Operating Margin % Range Over the Past 10 Years
Min: 10.82 Med: 13.98 Max: 16.1
Current: 16.01
JSE:AFH's Operating Margin % is ranked better than 67.44% of 86
companies
in the Diversified Financial Services industry
Industry Median: 6.35
vs JSE:AFH: 16.01
Alexander Forbes Group Holdings (JSE:AFH) 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.
Alexander Forbes Group Holdings Operating Margin % Related Terms
Alexander Forbes Group Holdings Operating Margin % Historical Data
* 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.
Alexander Forbes Group Holdings Operating Margin % Chart
JSE:AFH vs FRHC, VOYA: Operating Margin % Comparison
For the Financial Conglomerates subindustry, Alexander Forbes Group Holdings'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.
Alexander Forbes Group Holdings Operating Margin % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Alexander Forbes Group Holdings's Operating Margin % falls into.
Alexander Forbes Group Holdings 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.
* 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.
Alexander Forbes Group Holdings (JSE:AFH) has a Operating Margin % of 18.41% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Alexander Forbes Group Holdings and its competitors. This is 32% above median its historical median of 13.98. Over the past decade, Alexander Forbes Group Holdings' Operating Margin % has ranged from 10.82 to 16.10. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #28 out of 86 companies in the Diversified Financial Services industry, placing it in the top 32.6%.
Is Alexander Forbes Group Holdings' Operating Margin % too high?
Alexander Forbes Group Holdings' current Operating Margin % of 18.41% is 32% above median its 10-year median of 13.98. Over the past 10 years, this metric has ranged from a low of 10.82 to a high of 16.10. The Diversified Financial Services industry median Operating Margin % is 6.35. Alexander Forbes Group Holdings' value of 18.41% is 189.9% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #28 out of 86 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' Operating Margin % compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #28 out of 86 companies for Operating Margin %. This puts Alexander Forbes Group Holdings in the upper half of its industry. The industry median Operating Margin % is 6.35. Alexander Forbes Group Holdings' value of 18.41% is 189.9% above this benchmark. Historically, Alexander Forbes Group Holdings' own Operating Margin % has ranged from 10.82 to 16.10 over the past decade. While the company's 10-year median is 13.98 vs. the industry median of 6.35, Alexander Forbes Group Holdings 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 Diversified Financial Services company?
The median Operating Margin % among Diversified Financial Services companies is 6.35, based on 86 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. Alexander Forbes Group Holdings's current Operating Margin % of 18.41% is 189.9% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median Operating Margin % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current Operating Margin % is 18.41%, which is 32% above median its own 10-year median of 13.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.61, compared to a current price of R7.43 — trading 13.7% below its estimated fair value. The current Operating Margin % is 18.41%, which is 32% above median its 10-year median of 13.98 and 189.9% above the Diversified Financial Services industry median of 6.35. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 with 4 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 Alexander Forbes Group Holdings (JSE:AFH), the current Operating Margin % is 18.41% 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued.
The current stock price of R7.43 is trading 13.7% below its estimated GF Value™ of R8.61.
GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.
Key valuation signals for JSE:AFH:
Operating Margin %: 18.41% (32% above median its 10-year median of 13.98)
GF Value™: R8.61 vs. price of R7.43 (13.7% below fair value)
Industry Position: 189.9% above the Diversified Financial Services median (#28 of 86)
No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alexander Forbes Group Holdings Business Description
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score
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