CLS HoldingsLSE:CLI -2.34%40 Operating Margin % is 46.90% as of Dec. 2025, which is 15% below its 10-year median of 55.17. GuruFocus rates LSE:CLI with a GF Score™ of 40/100 and a GF Value™ of £0.81 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 750 REITs companies, CLS Holdings ranks worse than 57.6% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. CLS Holdings's Operating Income for the
six
months ended in Dec. 2025 was £31.8 Mil. CLS Holdings's Revenue for the
six
months ended in Dec. 2025 was £67.8 Mil. Therefore, CLS Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 46.90%.
Warning Sign:
CLS Holdings PLC operating margin has been in a 5-year decline. The average rate of decline per year is -2.5%.
The historical rank and industry rank for CLS Holdings's Operating Margin % or its related term are showing as below:
LSE:CLI'
s Operating Margin % Range Over the Past 10 Years
Min: 48.39 Med: 55.17 Max: 67.04
Current: 48.39
LSE:CLI's Operating Margin % is ranked worse than 57.6% of 750
companies
in the REITs industry
Industry Median: 52.67
vs LSE:CLI: 48.39
CLS Holdings's 5-Year Average Operating Margin % Growth Rate was -2.50% per year.
CLS Holdings's Operating Income for the
six
months ended in Dec. 2025 was £31.8 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was £67.6 Mil.
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.
CLS Holdings Operating Margin % Related Terms
CLS Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for CLS Holdings'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.
LSE:CLI vs BXP, ARE, VNO: Operating Margin % Comparison
For the REIT - Office subindustry, CLS Holdings'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.
CLS Holdings Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, CLS Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where CLS Holdings'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.
CLS Holdings's Operating Margin % for the fiscal year that ended in Dec. 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.
CLS Holdings (LSE:CLI) has a Operating Margin % of 46.90% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on CLS Holdings and its competitors. This is 15% below median its historical median of 55.17. Over the past decade, CLS Holdings' Operating Margin % has ranged from 48.39 to 67.04. According to the industry distribution chart, CLS Holdings ranks #432 out of 750 companies in the REITs industry, placing it in the top 57.6%.
Is CLS Holdings' Operating Margin % too high?
CLS Holdings' current Operating Margin % of 46.90% is 15% below median its 10-year median of 55.17. Over the past 10 years, this metric has ranged from a low of 48.39 to a high of 67.04. The REITs industry median Operating Margin % is 52.67. CLS Holdings' value of 46.90% is 11% below this industry median. Based on the distribution chart, CLS Holdings ranks #432 out of 750 companies in the REITs industry, which is below the industry midpoint. Overall, CLS Holdings has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CLS Holdings' Operating Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, CLS Holdings ranks #432 out of 750 companies for Operating Margin %. This places CLS Holdings in the lower half of its industry. The industry median Operating Margin % is 52.67. CLS Holdings' value of 46.90% is 11% below this benchmark. Historically, CLS Holdings' own Operating Margin % has ranged from 48.39 to 67.04 over the past decade. While the company's 10-year median is 55.17 vs. the industry median of 52.67, CLS Holdings 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. CLS Holdings's current Operating Margin % of 46.90% is 11% 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 CLS Holdings 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. CLS Holdings's current Operating Margin % is 46.90%, which is 15% below median its own 10-year median of 55.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CLS Holdings stock overvalued right now?
Based on GuruFocus' analysis, CLS Holdings (LSE:CLI) is currently considered Possible Value Trap. The stock's GF Value™ is £0.81, compared to a current price of £0.48 — trading 40.7% below its estimated fair value. The current Operating Margin % is 46.90%, which is 15% below median its 10-year median of 55.17 and 11% below the REITs industry median of 52.67. CLS Holdings' overall GF Score™ is 40/100 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 CLS Holdings (LSE:CLI), the current Operating Margin % is 46.90% 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 CLS Holdings (LSE:CLI) Overvalued in 2026?
Based on GuruFocus' analysis, CLS Holdings stock appears to be undervalued.
The current stock price of £0.48 is trading 40.7% below its estimated GF Value™ of £0.81.
GuruFocus considers CLS Holdings to be Possible Value Trap.
Key valuation signals for LSE:CLI:
Operating Margin %: 46.90% (15% below median its 10-year median of 55.17)
GF Value™: £0.81 vs. price of £0.48 (40.7% below fair value)
Industry Position: 11% below the REITs median (#432 of 750)
No single metric tells the full story. See the LSE:CLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CLS Holdings PLC is a commercial property investment firm focused on office space. The company has two operating segments: Investment Property and Other Investments. The Investment Property segment includes properties in the United Kingdom, Germany, and France, with over half of its assets located in the United Kingdom. Other Investments comprise the hotel at Spring Mews and various small corporate holdings. The company invests in non-central locations that offer efficient access to transportation and are situated in large cities. It generates the majority of its revenue from rental income.
40GF Score
Get the complete analysis for LSE:CLI
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:CLI has been successfully added to your 
