Vastned NVLTS:0ET5 -0.34%61 Operating Margin % is 79.60% as of Dec. 2025, which is 1% above its 10-year median of 78.88. GuruFocus rates LTS:0ET5 with a GF Score™ of 61/100 and a GF Value™ of €25.01 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 749 REITs companies, Vastned NV ranks better than 84.65% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Vastned NV's Operating Income for the
six
months ended in Dec. 2025 was €27.59 Mil. Vastned NV's Revenue for the
six
months ended in Dec. 2025 was €34.66 Mil. Therefore, Vastned NV's Operating Margin % for the quarter that ended in Dec. 2025 was 79.60%.
The historical rank and industry rank for Vastned NV's Operating Margin % or its related term are showing as below:
LTS:0ET5'
s Operating Margin % Range Over the Past 10 Years
Min: 75.89 Med: 78.88 Max: 80.93
Current: 76.51
LTS:0ET5's Operating Margin % is ranked better than 84.65% of 749
companies
in the REITs industry
Industry Median: 52.71
vs LTS:0ET5: 76.51
Vastned NV's 5-Year Average Operating Margin % Growth Rate was -0.70% per year.
Vastned NV's Operating Income for the
six
months ended in Dec. 2025 was €27.59 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €53.92 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.
Vastned NV Operating Margin % Related Terms
Vastned NV Operating Margin % Historical Data
* Premium members only.
The historical data trend for Vastned NV'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.
LTS:0ET5 vs SPG, O, KIM: Operating Margin % Comparison
For the REIT - Retail subindustry, Vastned NV'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.
Vastned NV Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Vastned NV's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Vastned NV'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.
Vastned NV'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.
Vastned NV (LTS:0ET5) has a Operating Margin % of 79.60% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Vastned NV and its competitors. This is near median its historical median of 78.88. Over the past decade, Vastned NV's Operating Margin % has ranged from 75.89 to 80.93. According to the industry distribution chart, Vastned NV ranks #115 out of 749 companies in the REITs industry, placing it in the top 15.4%.
Is Vastned NV's Operating Margin % too high?
Vastned NV's current Operating Margin % of 79.60% is near median its 10-year median of 78.88. Over the past 10 years, this metric has ranged from a low of 75.89 to a high of 80.93. The REITs industry median Operating Margin % is 52.71. Vastned NV's value of 79.60% is 51% above this industry median. Based on the distribution chart, Vastned NV ranks #115 out of 749 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vastned NV has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vastned NV's Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, Vastned NV ranks #115 out of 749 companies for Operating Margin %. This places Vastned NV in the top 15% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.71. Vastned NV's value of 79.60% is 51% above this benchmark. Historically, Vastned NV's own Operating Margin % has ranged from 75.89 to 80.93 over the past decade. While the company's 10-year median is 78.88 vs. the industry median of 52.71, Vastned NV 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. Vastned NV's current Operating Margin % of 79.60% is 51% 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 Vastned NV 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. Vastned NV's current Operating Margin % is 79.60%, which is near median its own 10-year median of 78.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vastned NV stock overvalued right now?
Based on GuruFocus' analysis, Vastned NV (LTS:0ET5) is currently considered Modestly Overvalued. The stock's GF Value™ is €25.01, compared to a current price of €29.65 — trading 18.6% above its estimated fair value. The current Operating Margin % is 79.60%, which is near median its 10-year median of 78.88 and 51% above the REITs industry median of 52.71. Vastned NV's overall GF Score™ is 61/100 with 10 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 Vastned NV (LTS:0ET5), the current Operating Margin % is 79.60% 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 Vastned NV (LTS:0ET5) Overvalued in 2026?
Based on GuruFocus' analysis, Vastned NV stock appears to be overvalued.
The current stock price of €29.65 is trading 18.6% above its estimated GF Value™ of €25.01.
GuruFocus considers Vastned NV to be Modestly Overvalued.
Key valuation signals for LTS:0ET5:
Operating Margin %: 79.60% (near median its 10-year median of 78.88)
GF Value™: €25.01 vs. price of €29.65 (18.6% above fair value)
Industry Position: 51% above the REITs median (#115 of 749)
No single metric tells the full story. See the LTS:0ET5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vastned NV, formerly Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.
61GF Score
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