Safestore HoldingsLSE:SAFE +1.63%79 Operating Margin % is 52.65% as of Apr. 2026, which is 0% above its 10-year median of 52.64. GuruFocus rates LSE:SAFE with a GF Score™ of 79/100 and a GF Value™ of £8.08 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 750 REITs companies, Safestore Holdings ranks better than 55.47% on this metric.
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.
Safestore Holdings Operating Margin % Related Terms
Safestore Holdings Operating Margin % Historical Data
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The historical data trend for Safestore 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:SAFE vs PLD, PSA, EXR: Operating Margin % Comparison
For the REIT - Industrial subindustry, Safestore 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.
Safestore Holdings Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Safestore Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Safestore 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.
Safestore Holdings's Operating Margin % for the fiscal year that ended in Oct. 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.
Safestore Holdings (LSE:SAFE) has a Operating Margin % of 52.65% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Safestore Holdings and its competitors. This is near median its historical median of 52.64. Over the past decade, Safestore Holdings' Operating Margin % has ranged from 49.74 to 60.93. According to the industry distribution chart, Safestore Holdings ranks #334 out of 750 companies in the REITs industry, placing it in the top 44.5%.
Is Safestore Holdings' Operating Margin % too high?
Safestore Holdings' current Operating Margin % of 52.65% is near median its 10-year median of 52.64. Over the past 10 years, this metric has ranged from a low of 49.74 to a high of 60.93. The REITs industry median Operating Margin % is 52.67. Safestore Holdings' value of 52.65% is 0% below this industry median. Based on the distribution chart, Safestore Holdings ranks #334 out of 750 companies in the REITs industry, which is above the industry midpoint. Overall, Safestore Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safestore Holdings' Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Safestore Holdings ranks #334 out of 750 companies for Operating Margin %. This puts Safestore Holdings in the upper half of its industry. The industry median Operating Margin % is 52.67. Safestore Holdings' value of 52.65% is 0% below this benchmark. Historically, Safestore Holdings' own Operating Margin % has ranged from 49.74 to 60.93 over the past decade. While the company's 10-year median is 52.64 vs. the industry median of 52.67, Safestore 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. Safestore Holdings's current Operating Margin % of 52.65% is 0% 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 Safestore 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. Safestore Holdings's current Operating Margin % is 52.65%, which is near median its own 10-year median of 52.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safestore Holdings stock overvalued right now?
Based on GuruFocus' analysis, Safestore Holdings (LSE:SAFE) is currently considered Modestly Undervalued. The stock's GF Value™ is £8.08, compared to a current price of £6.25 — trading 22.6% below its estimated fair value. The current Operating Margin % is 52.65%, which is near median its 10-year median of 52.64 and 0% below the REITs industry median of 52.67. Safestore Holdings' overall GF Score™ is 79/100 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 Safestore Holdings (LSE:SAFE), the current Operating Margin % is 52.65% as of Apr. 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 Safestore Holdings (LSE:SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safestore Holdings stock appears to be undervalued.
The current stock price of £6.25 is trading 22.6% below its estimated GF Value™ of £8.08.
GuruFocus considers Safestore Holdings to be Modestly Undervalued.
Key valuation signals for LSE:SAFE:
Operating Margin %: 52.65% (near median its 10-year median of 52.64)
GF Value™: £8.08 vs. price of £6.25 (22.6% below fair value)
Industry Position: 0% below the REITs median (#334 of 750)
No single metric tells the full story. See the LSE:SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on provision of self-storage accommodation and related services. The company operates in three segments based on geographical areas, being the United Kingdom, Paris in France and Expansion Markets (Spain, the Netherlands and Belgium). It also derives revenue from the rental of self-storage space and the sale of ancillary products such as StoreProtect and merchandise (e.g. packing materials and padlocks).
79GF Score
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