Grand Harbour MarinaMAL:GHM -4.04%52 Operating Margin % is 34.13% as of Dec. 2025, which is 0% above its 10-year median of 33.97. GuruFocus rates MAL:GHM with a GF Score™ of 52/100 and a GF Value™ of €0.80 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 844 Travel & Leisure companies, Grand Harbour Marina ranks better than 94.67% on this metric.
Grand Harbour Marina (MAL:GHM) Operating Margin % Explanation
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.
Grand Harbour Marina Operating Margin % Related Terms
Grand Harbour Marina Operating Margin % Historical Data
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The historical data trend for Grand Harbour Marina'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.
MAL:GHM vs AS, HAS, LTH: Operating Margin % Comparison
For the Leisure subindustry, Grand Harbour Marina'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.
Grand Harbour Marina Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Grand Harbour Marina's Operating Margin % falls into.
Grand Harbour Marina Operating Margin % Calculation
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.
Grand Harbour Marina'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.
Grand Harbour Marina (MAL:GHM) has a Operating Margin % of 34.13% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Grand Harbour Marina and its competitors. This is near median its historical median of 33.97. Over the past decade, Grand Harbour Marina's Operating Margin % has ranged from 29.06 to 40.87. According to the industry distribution chart, Grand Harbour Marina ranks #45 out of 844 companies in the Travel & Leisure industry, placing it in the top 5.3%.
Is Grand Harbour Marina's Operating Margin % too high?
Grand Harbour Marina's current Operating Margin % of 34.13% is near median its 10-year median of 33.97. Over the past 10 years, this metric has ranged from a low of 29.06 to a high of 40.87. The Travel & Leisure industry median Operating Margin % is 8.14. Grand Harbour Marina's value of 34.13% is 319.5% above this industry median. Based on the distribution chart, Grand Harbour Marina ranks #45 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Grand Harbour Marina has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Harbour Marina's Operating Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Grand Harbour Marina ranks #45 out of 844 companies for Operating Margin %. This places Grand Harbour Marina in the top 5% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 8.14. Grand Harbour Marina's value of 34.13% is 319.5% above this benchmark. Historically, Grand Harbour Marina's own Operating Margin % has ranged from 29.06 to 40.87 over the past decade. While the company's 10-year median is 33.97 vs. the industry median of 8.14, Grand Harbour Marina 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 Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.14, based on 844 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. Grand Harbour Marina's current Operating Margin % of 34.13% is 319.5% 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 Grand Harbour Marina and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Harbour Marina's current Operating Margin % is 34.13%, which is near median its own 10-year median of 33.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Harbour Marina stock overvalued right now?
Based on GuruFocus' analysis, Grand Harbour Marina (MAL:GHM) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.80, compared to a current price of €0.95 — trading 18.8% above its estimated fair value. The current Operating Margin % is 34.13%, which is near median its 10-year median of 33.97 and 319.5% above the Travel & Leisure industry median of 8.14. Grand Harbour Marina's overall GF Score™ is 52/100 with 8 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 Grand Harbour Marina (MAL:GHM), the current Operating Margin % is 34.13% 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 Grand Harbour Marina (MAL:GHM) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Harbour Marina stock appears to be overvalued.
The current stock price of €0.95 is trading 18.8% above its estimated GF Value™ of €0.80.
GuruFocus considers Grand Harbour Marina to be Modestly Overvalued.
Key valuation signals for MAL:GHM:
Operating Margin %: 34.13% (near median its 10-year median of 33.97)
GF Value™: €0.80 vs. price of €0.95 (18.8% above fair value)
Industry Position: 319.5% above the Travel & Leisure median (#45 of 844)
No single metric tells the full story. See the MAL:GHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are acquiring, developing, operating, and managing marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.
52GF Score
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