FairvestJSE:FTB +1.06%47 Operating Margin % is 54.76% as of Mar. 2026, which is 4% above its 10-year median of 52.79. GuruFocus rates JSE:FTB with a GF Score™ of 47/100 and a GF Value™ of R4.68 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 750 REITs companies, Fairvest ranks better than 53.47% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Fairvest's Operating Income for the
six
months ended in Mar. 2026 was R691 Mil. Fairvest's Revenue for the
six
months ended in Mar. 2026 was R1,262 Mil. Therefore, Fairvest's Operating Margin % for the quarter that ended in Mar. 2026 was 54.76%.
The historical rank and industry rank for Fairvest's Operating Margin % or its related term are showing as below:
JSE:FTB'
s Operating Margin % Range Over the Past 10 Years
Min: 51.47 Med: 52.79 Max: 58.22
Current: 54.38
JSE:FTB's Operating Margin % is ranked better than 53.47% of 750
companies
in the REITs industry
Industry Median: 52.67
vs JSE:FTB: 54.38
Fairvest's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Fairvest's Operating Income for the
six
months ended in Mar. 2026 was R691 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R1,286 Mil.
Fairvest (JSE:FTB) 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.
Fairvest Operating Margin % Related Terms
Fairvest Operating Margin % Historical Data
* Premium members only.
The historical data trend for Fairvest'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:FTB vs SPG, O, KIM: Operating Margin % Comparison
For the REIT - Retail subindustry, Fairvest'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.
Fairvest Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Fairvest's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Fairvest'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.
Fairvest's Operating Margin % for the fiscal year that ended in Sep. 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.
Fairvest (JSE:FTB) has a Operating Margin % of 54.76% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Fairvest and its competitors. This is near median its historical median of 52.79. Over the past decade, Fairvest's Operating Margin % has ranged from 51.47 to 58.22. According to the industry distribution chart, Fairvest ranks #349 out of 750 companies in the REITs industry, placing it in the top 46.5%.
Is Fairvest's Operating Margin % too high?
Fairvest's current Operating Margin % of 54.76% is near median its 10-year median of 52.79. Over the past 10 years, this metric has ranged from a low of 51.47 to a high of 58.22. The REITs industry median Operating Margin % is 52.67. Fairvest's value of 54.76% is 4% above this industry median. Based on the distribution chart, Fairvest ranks #349 out of 750 companies in the REITs industry, which is above the industry midpoint. Overall, Fairvest has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fairvest's Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, Fairvest ranks #349 out of 750 companies for Operating Margin %. This puts Fairvest in the upper half of its industry. The industry median Operating Margin % is 52.67. Fairvest's value of 54.76% is 4% above this benchmark. Historically, Fairvest's own Operating Margin % has ranged from 51.47 to 58.22 over the past decade. While the company's 10-year median is 52.79 vs. the industry median of 52.67, Fairvest 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 52.67, based on 750 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. Fairvest's current Operating Margin % of 54.76% is 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 Fairvest and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fairvest's current Operating Margin % is 54.76%, which is near median its own 10-year median of 52.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fairvest stock overvalued right now?
Based on GuruFocus' analysis, Fairvest (JSE:FTB) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.68, compared to a current price of R7.63 — trading 63% above its estimated fair value. The current Operating Margin % is 54.76%, which is near median its 10-year median of 52.79 and 4% above the REITs industry median of 52.67. Fairvest's overall GF Score™ is 47/100 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 Fairvest (JSE:FTB), the current Operating Margin % is 54.76% 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 Fairvest (JSE:FTB) Overvalued in 2026?
Based on GuruFocus' analysis, Fairvest stock appears to be overvalued.
The current stock price of R7.63 is trading 63% above its estimated GF Value™ of R4.68.
GuruFocus considers Fairvest to be Significantly Overvalued.
Key valuation signals for JSE:FTB:
Operating Margin %: 54.76% (near median its 10-year median of 52.79)
GF Value™: R4.68 vs. price of R7.63 (63% above fair value)
Industry Position: 4% above the REITs median (#349 of 750)
No single metric tells the full story. See the JSE:FTB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fairvest Ltd is a diversified real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial and Retail, Residential and overheads. The majority is from the Retail segment. Geographically, it is located in South Africa but its geographic segments ranges in Gauteng, Western Cape, KwaZuluNatal, Eastern Cape, Limpopo, Mpumalanga, North West Northern Cape,Free State and Other. The key revenue here is observed in the western cape region.
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