Vukile Property FundJSE:VKE +0.72%77 Operating Margin % is 57.63% as of Mar. 2026, which is 3% above its 10-year median of 55.73. GuruFocus rates JSE:VKE with a GF Score™ of 77/100 and a GF Value™ of R21.20 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 749 REITs companies, Vukile Property Fund ranks better than 57.01% on this metric.
Vukile Property Fund (JSE:VKE) 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.
Vukile Property Fund Operating Margin % Related Terms
Vukile Property Fund Operating Margin % Historical Data
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The historical data trend for Vukile 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:VKE vs SPG, O, KIM: Operating Margin % Comparison
For the REIT - Retail subindustry, Vukile 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.
Vukile Property Fund Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Vukile Property Fund's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Vukile Property Fund's Operating Margin % falls into.
Vukile 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.
Vukile 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.
Vukile Property Fund (JSE:VKE) has a Operating Margin % of 57.63% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Vukile Property Fund and its competitors. This is near median its historical median of 55.73. Over the past decade, Vukile Property Fund's Operating Margin % has ranged from 49.51 to 60.07. According to the industry distribution chart, Vukile Property Fund ranks #322 out of 749 companies in the REITs industry, placing it in the top 43%.
Is Vukile Property Fund's Operating Margin % too high?
Vukile Property Fund's current Operating Margin % of 57.63% is near median its 10-year median of 55.73. Over the past 10 years, this metric has ranged from a low of 49.51 to a high of 60.07. The REITs industry median Operating Margin % is 52.71. Vukile Property Fund's value of 57.63% is 9.3% above this industry median. Based on the distribution chart, Vukile Property Fund ranks #322 out of 749 companies in the REITs industry, which is above the industry midpoint. Overall, Vukile Property Fund has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vukile Property Fund's Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, Vukile Property Fund ranks #322 out of 749 companies for Operating Margin %. This puts Vukile Property Fund in the upper half of its industry. The industry median Operating Margin % is 52.71. Vukile Property Fund's value of 57.63% is 9.3% above this benchmark. Historically, Vukile Property Fund's own Operating Margin % has ranged from 49.51 to 60.07 over the past decade. While the company's 10-year median is 55.73 vs. the industry median of 52.71, Vukile Property Fund 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 52.71, 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. Vukile Property Fund's current Operating Margin % of 57.63% is 9.3% 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 Vukile 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. Vukile Property Fund's current Operating Margin % is 57.63%, which is near median its own 10-year median of 55.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vukile Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Vukile Property Fund (JSE:VKE) is currently considered Modestly Overvalued. The stock's GF Value™ is R21.20, compared to a current price of R25.27 — trading 19.2% above its estimated fair value. The current Operating Margin % is 57.63%, which is near median its 10-year median of 55.73 and 9.3% above the REITs industry median of 52.71. Vukile Property Fund's overall GF Score™ is 77/100 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 Vukile Property Fund (JSE:VKE), the current Operating Margin % is 57.63% 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 Vukile Property Fund (JSE:VKE) Overvalued in 2026?
Based on GuruFocus' analysis, Vukile Property Fund stock appears to be overvalued.
The current stock price of R25.27 is trading 19.2% above its estimated GF Value™ of R21.20.
GuruFocus considers Vukile Property Fund to be Modestly Overvalued.
Key valuation signals for JSE:VKE:
Operating Margin %: 57.63% (near median its 10-year median of 55.73)
GF Value™: R21.20 vs. price of R25.27 (19.2% above fair value)
Industry Position: 9.3% above the REITs median (#322 of 749)
No single metric tells the full story. See the JSE:VKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue predominantly from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also its portfolio constituents. The majority of the company's tenants are large, listed national companies and franchises, with the remainder comprising government and midsize to large professional firms. The company's geographical segment includes South Africa and the Iberian Peninsula, which is further disaggregated into Spain and Portugal.
77GF Score
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