Texton Property FundJSE:TEX -6.25%53 Operating Margin % is 39.50% as of Dec. 2025, which is 28% below its 10-year median of 55.08. GuruFocus rates JSE:TEX with a GF Score™ of 53/100 and a GF Value™ of R2.45 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 750 REITs companies, Texton Property Fund ranks worse than 68.53% on this metric.
Texton Property Fund (JSE:TEX) 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.
Texton Property Fund Operating Margin % Related Terms
Texton Property Fund Operating Margin % Historical Data
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The historical data trend for Texton 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:TEX vs BXP, ARE, VNO: Operating Margin % Comparison
For the REIT - Office subindustry, Texton 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.
Texton Property Fund Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Texton Property Fund's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Texton Property Fund's Operating Margin % falls into.
Texton 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.
Texton Property Fund's Operating Margin % for the fiscal year that ended in Jun. 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.
Texton Property Fund (JSE:TEX) has a Operating Margin % of 39.50% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Texton Property Fund and its competitors. This is 28% below median its historical median of 55.08. Over the past decade, Texton Property Fund's Operating Margin % has ranged from 37.76 to 67.23. According to the industry distribution chart, Texton Property Fund ranks #514 out of 750 companies in the REITs industry, placing it in the top 68.5%.
Is Texton Property Fund's Operating Margin % too high?
Texton Property Fund's current Operating Margin % of 39.50% is 28% below median its 10-year median of 55.08. Over the past 10 years, this metric has ranged from a low of 37.76 to a high of 67.23. The REITs industry median Operating Margin % is 52.67. Texton Property Fund's value of 39.50% is 25% below this industry median. Based on the distribution chart, Texton Property Fund ranks #514 out of 750 companies in the REITs industry, which is below the industry midpoint. Overall, Texton Property Fund has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texton Property Fund's Operating Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Texton Property Fund ranks #514 out of 750 companies for Operating Margin %. This places Texton Property Fund in the lower half of its industry. The industry median Operating Margin % is 52.67. Texton Property Fund's value of 39.50% is 25% below this benchmark. Historically, Texton Property Fund's own Operating Margin % has ranged from 37.76 to 67.23 over the past decade. While the company's 10-year median is 55.08 vs. the industry median of 52.67, Texton 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 52.67, 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. Texton Property Fund's current Operating Margin % of 39.50% is 25% 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 Texton Property Fund 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. Texton Property Fund's current Operating Margin % is 39.50%, which is 28% below median its own 10-year median of 55.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texton Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Texton Property Fund (JSE:TEX) is currently considered Modestly Overvalued. The stock's GF Value™ is R2.45, compared to a current price of R3.00 — trading 22.4% above its estimated fair value. The current Operating Margin % is 39.50%, which is 28% below median its 10-year median of 55.08 and 25% below the REITs industry median of 52.67. Texton Property Fund's overall GF Score™ is 53/100 with 6 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 Texton Property Fund (JSE:TEX), the current Operating Margin % is 39.50% as of Dec. 2025. 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 Texton Property Fund (JSE:TEX) Overvalued in 2026?
Based on GuruFocus' analysis, Texton Property Fund stock appears to be overvalued.
The current stock price of R3.00 is trading 22.4% above its estimated GF Value™ of R2.45.
GuruFocus considers Texton Property Fund to be Modestly Overvalued.
Key valuation signals for JSE:TEX:
Operating Margin %: 39.50% (28% below median its 10-year median of 55.08)
GF Value™: R2.45 vs. price of R3.00 (22.4% above fair value)
Industry Position: 25% below the REITs median (#514 of 750)
No single metric tells the full story. See the JSE:TEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texton Property Fund Ltd is a Real Estate Investment Trust that provides shareholders with access to a diversified portfolio of direct and indirect global real estate investments. The portfolio aims to deliver long-term income and capital growth. The core objective is to deliver sustainable, risk-adjusted returns to stakeholders through disciplined capital allocation, strategic asset management, and value-driven investments. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and international investments. Direct property investments are split into office, retail, and industrial.
53GF Score
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