PNE AGMIL:1PNE 51 Operating Margin % is 5.69% as of Mar. 2026, which is 55% below its 10-year median of 12.65. GuruFocus rates MIL:1PNE with a GF Score™ of 51/100 and a GF Value™ of €25.40 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 419 Utilities - Independent Power Producers companies, PNE AG ranks better than 54.42% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. PNE AG's Operating Income for the
three
months ended in Mar. 2026 was €3.2 Mil. PNE AG's Revenue for the
three
months ended in Mar. 2026 was €56.2 Mil. Therefore, PNE AG's Operating Margin % for the quarter that ended in Mar. 2026 was 5.69%.
Good Sign:
PNE AG operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for PNE AG's Operating Margin % or its related term are showing as below:
MIL:1PNE'
s Operating Margin % Range Over the Past 10 Years
Min: 3.78 Med: 12.65 Max: 38.88
Current: 15.62
MIL:1PNE's Operating Margin % is ranked better than 54.42% of 419
companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.47
vs MIL:1PNE: 15.62
PNE AG's 5-Year Average Operating Margin % Growth Rate was 18.70% per year.
PNE AG's Operating Income for the
three
months ended in Mar. 2026 was €3.2 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €40.4 Mil.
Warning Sign:
PNE AG had lost money in 50% of the time over the past 12quarters.
PNE AG (MIL:1PNE) 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.
PNE AG Operating Margin % Related Terms
PNE AG Operating Margin % Historical Data
* Premium members only.
The historical data trend for PNE AG'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.
For the Utilities - Renewable subindustry, PNE AG'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.
PNE AG Operating Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, PNE AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where PNE AG'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.
PNE AG'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.
PNE AG (MIL:1PNE) has a Operating Margin % of 5.69% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PNE AG and its competitors. This is 55% below median its historical median of 12.65. Over the past decade, PNE AG's Operating Margin % has ranged from 3.78 to 38.88. According to the industry distribution chart, PNE AG ranks #191 out of 419 companies in the Utilities - Independent Power Producers industry, placing it in the top 45.6%.
Is PNE AG's Operating Margin % too high?
PNE AG's current Operating Margin % of 5.69% is 55% below median its 10-year median of 12.65. Over the past 10 years, this metric has ranged from a low of 3.78 to a high of 38.88. The Utilities - Independent Power Producers industry median Operating Margin % is 13.47. PNE AG's value of 5.69% is 57.8% below this industry median. Based on the distribution chart, PNE AG ranks #191 out of 419 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, PNE AG has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PNE AG's Operating Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, PNE AG ranks #191 out of 419 companies for Operating Margin %. This puts PNE AG in the upper half of its industry. The industry median Operating Margin % is 13.47. PNE AG's value of 5.69% is 57.8% below this benchmark. Historically, PNE AG's own Operating Margin % has ranged from 3.78 to 38.88 over the past decade. While the company's 10-year median is 12.65 vs. the industry median of 13.47, PNE AG 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 an Utilities - Independent Power Producers company?
The median Operating Margin % among Utilities - Independent Power Producers companies is 13.47, based on 419 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. PNE AG's current Operating Margin % of 5.69% is 57.8% 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 PNE AG and its competitors. For the Utilities - Independent Power Producers industry, the median Operating Margin % is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNE AG's current Operating Margin % is 5.69%, which is 55% below median its own 10-year median of 12.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNE AG stock overvalued right now?
Based on GuruFocus' analysis, PNE AG (MIL:1PNE) is currently considered Possible Value Trap. The stock's GF Value™ is €25.40, compared to a current price of €10.78 — trading 57.6% below its estimated fair value. The current Operating Margin % is 5.69%, which is 55% below median its 10-year median of 12.65 and 57.8% below the Utilities - Independent Power Producers industry median of 13.47. PNE AG's overall GF Score™ is 51/100 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 PNE AG (MIL:1PNE), the current Operating Margin % is 5.69% 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 PNE AG (MIL:1PNE) Overvalued in 2026?
Based on GuruFocus' analysis, PNE AG stock appears to be undervalued.
The current stock price of €10.78 is trading 57.6% below its estimated GF Value™ of €25.40.
GuruFocus considers PNE AG to be Possible Value Trap.
Key valuation signals for MIL:1PNE:
Operating Margin %: 5.69% (55% below median its 10-year median of 12.65)
GF Value™: €25.40 vs. price of €10.78 (57.6% below fair value)
Industry Position: 57.8% below the Utilities - Independent Power Producers median (#191 of 419)
No single metric tells the full story. See the MIL:1PNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNE AG is a developer of projects in the renewable energy sector. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: project development (project planning of wind energy and photovoltaic projects), power generation, and services (management and servicing of wind farms and PV power plants as well as revenues from transformer station usage fees). In the power generation segment, revenues were achieved by the sale of electricity from ongoing operations of wind farms and of the Silbitz biomass power station. Key revenue is generated from power generation segment.
51GF Score
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