Dipula PropertiesJSE:DIB 46 Operating Margin % is 57.04% as of Feb. 2026, which is 7% below its 10-year median of 61.35. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.33 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 747 REITs companies, Dipula Properties ranks better than 58.23% on this metric.
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.
Dipula Properties Operating Margin % Related Terms
Dipula Properties Operating Margin % Historical Data
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The historical data trend for Dipula Properties'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.
JSE:DIB vs SPG, O, KIM: Operating Margin % Comparison
For the REIT - Retail subindustry, Dipula Properties'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.
Dipula Properties Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Dipula Properties's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Dipula Properties's Operating Margin % falls into.
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.
Dipula Properties's Operating Margin % for the fiscal year that ended in Aug. 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.
Dipula Properties (JSE:DIB) has a Operating Margin % of 57.04% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Dipula Properties and its competitors. This is near median its historical median of 61.35. Over the past decade, Dipula Properties' Operating Margin % has ranged from 56.78 to 64.18. According to the industry distribution chart, Dipula Properties ranks #312 out of 747 companies in the REITs industry, placing it in the top 41.8%.
Is Dipula Properties' Operating Margin % too high?
Dipula Properties' current Operating Margin % of 57.04% is near median its 10-year median of 61.35. Over the past 10 years, this metric has ranged from a low of 56.78 to a high of 64.18. The REITs industry median Operating Margin % is 52.63. Dipula Properties' value of 57.04% is 8.4% above this industry median. Based on the distribution chart, Dipula Properties ranks #312 out of 747 companies in the REITs industry, which is above the industry midpoint. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, Dipula Properties ranks #312 out of 747 companies for Operating Margin %. This puts Dipula Properties in the upper half of its industry. The industry median Operating Margin % is 52.63. Dipula Properties' value of 57.04% is 8.4% above this benchmark. Historically, Dipula Properties' own Operating Margin % has ranged from 56.78 to 64.18 over the past decade. While the company's 10-year median is 61.35 vs. the industry median of 52.63, Dipula Properties 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 REITs company?
The median Operating Margin % among REITs companies is 52.63, based on 747 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. Dipula Properties's current Operating Margin % of 57.04% is 8.4% 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 Dipula Properties and its competitors. For the REITs industry, the median Operating Margin % is 52.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dipula Properties's current Operating Margin % is 57.04%, which is near median its own 10-year median of 61.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.33, compared to a current price of R7.15 — trading 114.7% above its estimated fair value. The current Operating Margin % is 57.04%, which is near median its 10-year median of 61.35 and 8.4% above the REITs industry median of 52.63. Dipula Properties' overall GF Score™ is 46/100 with 11 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 Dipula Properties (JSE:DIB), the current Operating Margin % is 57.04% as of Feb. 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 Dipula Properties (JSE:DIB) Overvalued in 2026?
Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued.
The current stock price of R7.15 is trading 114.7% above its estimated GF Value™ of R3.33.
GuruFocus considers Dipula Properties to be Significantly Overvalued.
Key valuation signals for JSE:DIB:
Operating Margin %: 57.04% (near median its 10-year median of 61.35)
GF Value™: R3.33 vs. price of R7.15 (114.7% above fair value)
Industry Position: 8.4% above the REITs median (#312 of 747)
No single metric tells the full story. See the JSE:DIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score
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