Nampak (JSE:NPK) Operating Margin %: 100.00% (As of Mar. 2026) — 1089% Above Median


JSE:NPK Nampak Ltd JSE:NPK
56 GF Score
Price R440.00
GF Value R471.12
Valuation Fairly Valued
! 5 Warning Signs
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What is Nampak Operating Margin %?

Nampak JSE:NPK 56 Operating Margin % is 100.00% as of Mar. 2026, which is 1089% above its 10-year median of 8.41. GuruFocus rates JSE:NPK with a GF Score™ of 56/100 and a GF Value™ of R471.12 (Fairly Valued). The stock has 5 warning signs investors should review. Among 393 Packaging & Containers companies, Nampak ranks better than 86.01% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nampak's Operating Income for the six months ended in Mar. 2026 was R5,614 Mil. Nampak's Revenue for the six months ended in Mar. 2026 was R5,614 Mil. Therefore, Nampak's Operating Margin % for the quarter that ended in Mar. 2026 was 100.00%.

The historical rank and industry rank for Nampak's Operating Margin % or its related term are showing as below:

JSE:NPK' s Operating Margin % Range Over the Past 10 Years
Min: -0.17   Med: 8.41   Max: 12.65
Current: 12.18


JSE:NPK's Operating Margin % is ranked better than
86.01% of 393 companies
in the Packaging & Containers industry
Industry Median: 5.24 vs JSE:NPK: 12.18

Nampak's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Nampak's Operating Income for the six months ended in Mar. 2026 was R5,614 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R1,300 Mil.


Nampak  (JSE:NPK) 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 Nokia’s 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.


Nampak Operating Margin % Related Terms


Nampak Operating Margin % Historical Data

* Premium members only.

The historical data trend for Nampak'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.

Nampak Operating Margin % Chart

Nampak Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.59 7.16 0.79 12.49 12.65

Nampak Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.41 7.35 100.00 -85.32 100.00

JSE:NPK vs SW, PKG, AMCR: Operating Margin % Comparison

For the Packaging & Containers subindustry, Nampak'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.


Nampak Operating Margin % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Nampak's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Nampak's Operating Margin % falls into.


JSE:NPK
56GF Score
Nampak Ltd JSE:NPK
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nampak 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.

Nampak's Operating Margin % for the fiscal year that ended in Sep. 2025 is calculated as

Operating Margin %=Operating Income (A: Sep. 2025 ) / Revenue (A: Sep. 2025 )
=1356.5 / 10726.8
=12.65 %

Nampak's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=5614 / 5614
=100.00 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 100.00% mean?
Nampak (JSE:NPK) has a Operating Margin % of 100.00% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nampak and its competitors. This is 1089% above median its historical median of 8.41. According to the industry distribution chart, Nampak ranks #55 out of 393 companies in the Packaging & Containers industry, placing it in the top 14%.
Is Nampak's Operating Margin % too high?
Nampak's current Operating Margin % of 100.00% is 1089% above median its 10-year median of 8.41. The Packaging & Containers industry median Operating Margin % is 5.24. Nampak's value of 100.00% is 1808.4% above this industry median. Based on the distribution chart, Nampak ranks #55 out of 393 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Nampak has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nampak's Operating Margin % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Nampak ranks #55 out of 393 companies for Operating Margin %. This places Nampak in the top 14% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.24. Nampak's value of 100.00% is 1808.4% above this benchmark. While the company's 10-year median is 8.41 vs. the industry median of 5.24, Nampak 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 Packaging & Containers company?
The median Operating Margin % among Packaging & Containers companies is 5.24, based on 393 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. Nampak's current Operating Margin % of 100.00% is 1808.4% 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 Nampak and its competitors. For the Packaging & Containers industry, the median Operating Margin % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nampak's current Operating Margin % is 100.00%, which is 1089% above median its own 10-year median of 8.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nampak stock overvalued right now?
Based on GuruFocus' analysis, Nampak (JSE:NPK) is currently considered Fairly Valued. The stock's GF Value™ is R471.12, compared to a current price of R440.00 — trading 6.6% below its estimated fair value. The current Operating Margin % is 100.00%, which is 1089% above median its 10-year median of 8.41 and 1808.4% above the Packaging & Containers industry median of 5.24. Nampak's overall GF Score™ is 56/100 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 Nampak (JSE:NPK), the current Operating Margin % is 100.00% 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 Nampak (JSE:NPK) Overvalued in 2026?

Based on GuruFocus' analysis, Nampak stock appears to be undervalued. The current stock price of R440.00 is trading 6.6% below its estimated GF Value™ of R471.12. GuruFocus considers Nampak to be Fairly Valued.

Key valuation signals for JSE:NPK:

  • Operating Margin %: 100.00% (1089% above median its 10-year median of 8.41)
  • GF Value™: R471.12 vs. price of R440.00 (6.6% below fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 1808.4% above the Packaging & Containers median (#55 of 393)

No single metric tells the full story. See the JSE:NPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nampak Business Description

Address 1 Waterhouse Place, Office G6, Century, ZAF, 7441
Nampak Ltd is a metals packaging company in South Africa and Angola, and also has substantial positions in other metal packaging. It is the producer of two-piece tinplate cans and aluminium monobloc aerosol cans. The company's operating segments include Metals, which involves the manufacture of beverage cans, food cans, aerosol cans, and other metal packaging, and Corporate, which provides for head office activities, treasury, property services, and consolidation adjustments, including goodwill. The majority of revenue comes from the Metals segment and from South Africa.
56GF Score

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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R440.00
Price
R471.12
GF Value