Ultimate ProductsLSE:ULTP +0.78%60 Operating Margin % is 4.41% as of Jan. 2026, which is 50% below its 10-year median of 8.76. GuruFocus rates LSE:ULTP with a GF Score™ of 60/100 and a GF Value™ of £1.18 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, Ultimate Products ranks better than 55.89% on this metric.
Ultimate Products PLC operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Ultimate Products's Operating Margin % or its related term are showing as below:
LSE:ULTP'
s Operating Margin % Range Over the Past 10 Years
Min: 4.94 Med: 8.76 Max: 10.56
Current: 4.94
LSE:ULTP's Operating Margin % is ranked better than 55.89% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.79
vs LSE:ULTP: 4.94
Ultimate Products's 5-Year Average Operating Margin % Growth Rate was 0.60% per year.
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.
Ultimate Products Operating Margin % Related Terms
Ultimate Products Operating Margin % Historical Data
* Premium members only.
The historical data trend for Ultimate Products'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:ULTP vs SN, SGI, MHK: Operating Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ultimate Products'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.
Ultimate Products Operating Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ultimate Products's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ultimate Products'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.
Ultimate Products's Operating Margin % for the fiscal year that ended in Jul. 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.
Ultimate Products (LSE:ULTP) has a Operating Margin % of 4.41% as of Jan. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ultimate Products and its competitors. This is 50% below median its historical median of 8.76. Over the past decade, Ultimate Products' Operating Margin % has ranged from 4.94 to 10.56. According to the industry distribution chart, Ultimate Products ranks #191 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 44.1%.
Is Ultimate Products' Operating Margin % too high?
Ultimate Products' current Operating Margin % of 4.41% is 50% below median its 10-year median of 8.76. Over the past 10 years, this metric has ranged from a low of 4.94 to a high of 10.56. The Furnishings, Fixtures & Appliances industry median Operating Margin % is 3.79. Ultimate Products' value of 4.41% is 16.4% above this industry median. Based on the distribution chart, Ultimate Products ranks #191 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Ultimate Products has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Products' Operating Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ultimate Products ranks #191 out of 433 companies for Operating Margin %. This puts Ultimate Products in the upper half of its industry. The industry median Operating Margin % is 3.79. Ultimate Products' value of 4.41% is 16.4% above this benchmark. Historically, Ultimate Products' own Operating Margin % has ranged from 4.94 to 10.56 over the past decade. While the company's 10-year median is 8.76 vs. the industry median of 3.79, Ultimate Products 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 Furnishings, Fixtures & Appliances company?
The median Operating Margin % among Furnishings, Fixtures & Appliances companies is 3.79, based on 433 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. Ultimate Products's current Operating Margin % of 4.41% is 16.4% 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 Ultimate Products and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Operating Margin % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Products's current Operating Margin % is 4.41%, which is 50% below median its own 10-year median of 8.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Products stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Products (LSE:ULTP) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.18, compared to a current price of £0.45 — trading 61.8% below its estimated fair value. The current Operating Margin % is 4.41%, which is 50% below median its 10-year median of 8.76 and 16.4% above the Furnishings, Fixtures & Appliances industry median of 3.79. Ultimate Products' overall GF Score™ is 60/100 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 Ultimate Products (LSE:ULTP), the current Operating Margin % is 4.41% as of Jan. 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 Ultimate Products (LSE:ULTP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Products stock appears to be undervalued.
The current stock price of £0.45 is trading 61.8% below its estimated GF Value™ of £1.18.
GuruFocus considers Ultimate Products to be Significantly Undervalued.
Key valuation signals for LSE:ULTP:
Operating Margin %: 4.41% (50% below median its 10-year median of 8.76)
GF Value™: £1.18 vs. price of £0.45 (61.8% below fair value)
Industry Position: 16.4% above the Furnishings, Fixtures & Appliances median (#191 of 433)
No single metric tells the full story. See the LSE:ULTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Products PLC designs, develops and distributes homeware products across its key brands, including the household names Salter and Beldray. Its other brands include Progress, Kleenez, Petra, Maxim, Russell Hobbs, and Intempo among others. The company sells products across different categories, such as small domestic appliances, housewares, laundry, audio, and heating and cooling. Its products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers. Geographically, the company derives its key revenue from the United Kingdom and the rest from Germany, Rest of Europe and the Rest of the world.
60GF Score
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