Emira Property FundJSE:EMI -1.60%59 Operating Margin % is 40.13% as of Mar. 2026, which is 14% below its 10-year median of 46.93. GuruFocus rates JSE:EMI with a GF Score™ of 59/100 and a GF Value™ of R8.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 749 REITs companies, Emira Property Fund ranks worse than 65.02% on this metric.
Emira Property Fund (JSE:EMI) 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.
Emira Property Fund Operating Margin % Related Terms
Emira Property Fund Operating Margin % Historical Data
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The historical data trend for Emira Property Fund'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:EMI vs VICI, WPC: Operating Margin % Comparison
For the REIT - Diversified subindustry, Emira Property Fund'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.
Emira Property Fund Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Emira Property Fund's Operating Margin % falls into.
Emira Property Fund 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.
Emira Property Fund's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
Emira Property Fund (JSE:EMI) has a Operating Margin % of 40.13% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Emira Property Fund and its competitors. This is 14% below median its historical median of 46.93. Over the past decade, Emira Property Fund's Operating Margin % has ranged from 41.72 to 58.97. According to the industry distribution chart, Emira Property Fund ranks #487 out of 749 companies in the REITs industry, placing it in the top 65%.
Is Emira Property Fund's Operating Margin % too high?
Emira Property Fund's current Operating Margin % of 40.13% is 14% below median its 10-year median of 46.93. Over the past 10 years, this metric has ranged from a low of 41.72 to a high of 58.97. The REITs industry median Operating Margin % is 52.71. Emira Property Fund's value of 40.13% is 23.9% below this industry median. Based on the distribution chart, Emira Property Fund ranks #487 out of 749 companies in the REITs industry, which is below the industry midpoint. Overall, Emira Property Fund has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's Operating Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #487 out of 749 companies for Operating Margin %. This places Emira Property Fund in the lower half of its industry. The industry median Operating Margin % is 52.71. Emira Property Fund's value of 40.13% is 23.9% below this benchmark. Historically, Emira Property Fund's own Operating Margin % has ranged from 41.72 to 58.97 over the past decade. While the company's 10-year median is 46.93 vs. the industry median of 52.71, Emira Property Fund 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 a REITs company?
The median Operating Margin % among REITs companies is 52.71, based on 749 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. Emira Property Fund's current Operating Margin % of 40.13% is 23.9% 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 Emira Property Fund and its competitors. For the REITs industry, the median Operating Margin % is 52.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emira Property Fund's current Operating Margin % is 40.13%, which is 14% below median its own 10-year median of 46.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.66, compared to a current price of R13.57 — trading 56.7% above its estimated fair value. The current Operating Margin % is 40.13%, which is 14% below median its 10-year median of 46.93 and 23.9% below the REITs industry median of 52.71. Emira Property Fund's overall GF Score™ is 59/100 with 7 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 Emira Property Fund (JSE:EMI), the current Operating Margin % is 40.13% 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued.
The current stock price of R13.57 is trading 56.7% above its estimated GF Value™ of R8.66.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
Operating Margin %: 40.13% (14% below median its 10-year median of 46.93)
GF Value™: R8.66 vs. price of R13.57 (56.7% above fair value)
Industry Position: 23.9% below the REITs median (#487 of 749)
No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
59GF Score
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