VNE SpAMIL:VNE +1.69%33 Operating Margin % is 3.06% as of Dec. 2025, which is 33% above its 10-year median of 2.30. GuruFocus rates MIL:VNE with a GF Score™ of 33/100 and a GF Value™ of €3.72 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 3,038 Industrial Products companies, VNE SpA ranks worse than 52.6% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. VNE SpA's Operating Income for the
six
months ended in Dec. 2025 was €0.28 Mil. VNE SpA's Revenue for the
six
months ended in Dec. 2025 was €9.02 Mil. Therefore, VNE SpA's Operating Margin % for the quarter that ended in Dec. 2025 was 3.06%.
The historical rank and industry rank for VNE SpA's Operating Margin % or its related term are showing as below:
MIL:VNE'
s Operating Margin % Range Over the Past 10 Years
Min: -2.09 Med: 2.3 Max: 5.96
Current: 5.96
MIL:VNE's Operating Margin % is ranked worse than 52.6% of 3038
companies
in the Industrial Products industry
Industry Median: 6.53
vs MIL:VNE: 5.96
VNE SpA's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
VNE SpA's Operating Income for the
six
months ended in Dec. 2025 was €0.28 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €1.03 Mil.
VNE SpA (MIL:VNE) 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.
VNE SpA Operating Margin % Related Terms
VNE SpA Operating Margin % Historical Data
* Premium members only.
The historical data trend for VNE 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.
MIL:VNE vs GEV, ETN, PH: Operating Margin % Comparison
For the Specialty Industrial Machinery subindustry, VNE 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.
VNE SpA Operating Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, VNE SpA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where VNE 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.
VNE 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.
VNE SpA (MIL:VNE) has a Operating Margin % of 3.06% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on VNE SpA and its competitors. This is 33% above median its historical median of 2.30. According to the industry distribution chart, VNE SpA ranks #1598 out of 3038 companies in the Industrial Products industry, placing it in the top 52.6%.
Is VNE SpA's Operating Margin % too high?
VNE SpA's current Operating Margin % of 3.06% is 33% above median its 10-year median of 2.30. The Industrial Products industry median Operating Margin % is 6.53. VNE SpA's value of 3.06% is 53.1% below this industry median. Based on the distribution chart, VNE SpA ranks #1598 out of 3038 companies in the Industrial Products industry, which is below the industry midpoint. Overall, VNE SpA has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Operating Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, VNE SpA ranks #1598 out of 3038 companies for Operating Margin %. This places VNE SpA in the lower half of its industry. The industry median Operating Margin % is 6.53. VNE SpA's value of 3.06% is 53.1% below this benchmark. While the company's 10-year median is 2.30 vs. the industry median of 6.53, VNE SpA 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 Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.53, based on 3,038 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. VNE SpA's current Operating Margin % of 3.06% is 53.1% 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 VNE SpA and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNE SpA's current Operating Margin % is 3.06%, which is 33% above median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Possible Value Trap. The stock's GF Value™ is €3.72, compared to a current price of €2.40 — trading 35.5% below its estimated fair value. The current Operating Margin % is 3.06%, which is 33% above median its 10-year median of 2.30 and 53.1% below the Industrial Products industry median of 6.53. VNE SpA's overall GF Score™ is 33/100 with 2 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 VNE SpA (MIL:VNE), the current Operating Margin % is 3.06% 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 VNE SpA (MIL:VNE) Overvalued in 2026?
Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued.
The current stock price of €2.40 is trading 35.5% below its estimated GF Value™ of €3.72.
GuruFocus considers VNE SpA to be Possible Value Trap.
Key valuation signals for MIL:VNE:
Operating Margin %: 3.06% (33% above median its 10-year median of 2.30)
GF Value™: €3.72 vs. price of €2.40 (35.5% below fair value)
Industry Position: 53.1% below the Industrial Products median (#1598 of 3038)
No single metric tells the full story. See the MIL:VNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
33GF Score
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