Azimut Holding SpALTS:0MHJ -2.28%85 Operating Margin % is 45.59% as of Mar. 2026, which is 80% above its 10-year median of 25.33. GuruFocus rates LTS:0MHJ with a GF Score™ of 85/100 and a GF Value™ of €28.60 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 657 Asset Management companies, Azimut Holding SpA ranks better than 68.04% 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.
Azimut Holding SpA Operating Margin % Related Terms
Azimut Holding SpA Operating Margin % Historical Data
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The historical data trend for Azimut Holding SpA'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:0MHJ vs BLK, BX, KKR: Operating Margin % Comparison
For the Asset Management subindustry, Azimut Holding SpA'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.
Azimut Holding SpA Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Azimut Holding SpA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Azimut Holding SpA'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.
Azimut Holding SpA'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.
Azimut Holding SpA (LTS:0MHJ) has a Operating Margin % of 45.59% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Azimut Holding SpA and its competitors. This is 80% above median its historical median of 25.33. Over the past decade, Azimut Holding SpA's Operating Margin % has ranged from 2.84 to 48.78. According to the industry distribution chart, Azimut Holding SpA ranks #210 out of 657 companies in the Asset Management industry, placing it in the top 32%.
Is Azimut Holding SpA's Operating Margin % too high?
Azimut Holding SpA's current Operating Margin % of 45.59% is 80% above median its 10-year median of 25.33. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 48.78. The Asset Management industry median Operating Margin % is 16.85. Azimut Holding SpA's value of 45.59% is 170.6% above this industry median. Based on the distribution chart, Azimut Holding SpA ranks #210 out of 657 companies in the Asset Management industry, which is above the industry midpoint. Overall, Azimut Holding SpA has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's Operating Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Azimut Holding SpA ranks #210 out of 657 companies for Operating Margin %. This puts Azimut Holding SpA in the upper half of its industry. The industry median Operating Margin % is 16.85. Azimut Holding SpA's value of 45.59% is 170.6% above this benchmark. Historically, Azimut Holding SpA's own Operating Margin % has ranged from 2.84 to 48.78 over the past decade. While the company's 10-year median is 25.33 vs. the industry median of 16.85, Azimut Holding SpA 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 an Asset Management company?
The median Operating Margin % among Asset Management companies is 16.85, based on 657 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. Azimut Holding SpA's current Operating Margin % of 45.59% is 170.6% 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 Azimut Holding SpA and its competitors. For the Asset Management industry, the median Operating Margin % is 16.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azimut Holding SpA's current Operating Margin % is 45.59%, which is 80% above median its own 10-year median of 25.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (LTS:0MHJ) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.60, compared to a current price of €36.91 — trading 29.1% above its estimated fair value. The current Operating Margin % is 45.59%, which is 80% above median its 10-year median of 25.33 and 170.6% above the Asset Management industry median of 16.85. Azimut Holding SpA's overall GF Score™ is 85/100 with 5 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 Azimut Holding SpA (LTS:0MHJ), the current Operating Margin % is 45.59% 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 Azimut Holding SpA (LTS:0MHJ) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued.
The current stock price of €36.91 is trading 29.1% above its estimated GF Value™ of €28.60.
GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.
Key valuation signals for LTS:0MHJ:
Operating Margin %: 45.59% (80% above median its 10-year median of 25.33)
GF Value™: €28.60 vs. price of €36.91 (29.1% above fair value)
Industry Position: 170.6% above the Asset Management median (#210 of 657)
No single metric tells the full story. See the LTS:0MHJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
85GF Score
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