Zest SpA (MIL:ZEST) Operating Margin %: 1.73% (As of Dec. 2025)


MIL:ZEST Zest SpA MIL:ZEST
23 GF Score
Price €0.12
GF Value €0.14
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Zest SpA Operating Margin %?

Zest SpA MIL:ZEST -0.43% 23 Operating Margin % is 1.73% as of Dec. 2025. GuruFocus rates MIL:ZEST with a GF Score™ of 23/100 and a GF Value™ of €0.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 656 Asset Management companies, Zest SpA ranks worse than 66.77% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zest SpA's Operating Income for the six months ended in Dec. 2025 was €0.07 Mil. Zest SpA's Revenue for the six months ended in Dec. 2025 was €3.75 Mil. Therefore, Zest SpA's Operating Margin % for the quarter that ended in Dec. 2025 was 1.73%.

The historical rank and industry rank for Zest SpA's Operating Margin % or its related term are showing as below:

MIL:ZEST' s Operating Margin % Range Over the Past 10 Years
Min: -178.97   Med: -15.2   Max: 73.06
Current: 0.8


MIL:ZEST's Operating Margin % is ranked worse than
66.77% of 656 companies
in the Asset Management industry
Industry Median: 17 vs MIL:ZEST: 0.80

Zest SpA's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Zest SpA's Operating Income for the six months ended in Dec. 2025 was €0.07 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €0.07 Mil.


Zest SpA  (MIL:ZEST) 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 Nokia’s 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.


Zest SpA Operating Margin % Related Terms


Zest SpA Operating Margin % Historical Data

* Premium members only.

The historical data trend for Zest 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.

Zest SpA Operating Margin % Chart

Zest SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.43 -47.08 -55.45 -41.09 0.79

Zest SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -49.91 -1,454.95 10.11 0.04 1.73

MIL:ZEST vs BLK, BX, KKR: Operating Margin % Comparison

For the Asset Management subindustry, Zest 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.


Zest SpA Operating Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Zest SpA's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Zest SpA's Operating Margin % falls into.


MIL:ZEST
23GF Score
Zest SpA MIL:ZEST
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Zest SpA 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.

Zest SpA's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=0.066 / 8.389
=0.79 %

Zest SpA's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=0.065 / 3.748
=1.73 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 1.73% mean?
Zest SpA (MIL:ZEST) has a Operating Margin % of 1.73% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Zest SpA and its competitors. According to the industry distribution chart, Zest SpA ranks #438 out of 656 companies in the Asset Management industry, placing it in the top 66.8%.
Is Zest SpA's Operating Margin % too high?
Zest SpA's current Operating Margin % is 1.73%. The Asset Management industry median Operating Margin % is 17.00. Zest SpA's value of 1.73% is 89.8% below this industry median. Based on the distribution chart, Zest SpA ranks #438 out of 656 companies in the Asset Management industry, which is below the industry midpoint. Overall, Zest SpA has a GF Score™ of 23/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zest SpA's Operating Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Zest SpA ranks #438 out of 656 companies for Operating Margin %. This places Zest SpA in the lower half of its industry. The industry median Operating Margin % is 17.00. Zest SpA's value of 1.73% is 89.8% below this benchmark. 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 17.00, based on 656 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. Zest SpA's current Operating Margin % of 1.73% is 89.8% 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 Zest SpA and its competitors. For the Asset Management industry, the median Operating Margin % is 17.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zest SpA's current Operating Margin % is 1.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zest SpA stock overvalued right now?
Based on GuruFocus' analysis, Zest SpA (MIL:ZEST) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.14, compared to a current price of €0.12 — trading 17.9% below its estimated fair value. The current Operating Margin % is 1.73% and 89.8% below the Asset Management industry median of 17.00. Zest SpA's overall GF Score™ is 23/100 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 Zest SpA (MIL:ZEST), the current Operating Margin % is 1.73% 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 Zest SpA (MIL:ZEST) Overvalued in 2026?

Based on GuruFocus' analysis, Zest SpA stock appears to be undervalued. The current stock price of €0.12 is trading 17.9% below its estimated GF Value™ of €0.14. GuruFocus considers Zest SpA to be Modestly Undervalued.

Key valuation signals for MIL:ZEST:

  • Operating Margin %: 1.73%
  • GF Value™: €0.14 vs. price of €0.12 (17.9% below fair value)
  • GF Score™: 23/100 with 5 warning signs
  • Industry Position: 89.8% below the Asset Management median (#438 of 656)

No single metric tells the full story. See the MIL:ZEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zest SpA Business Description

Address Via Marsala 29h, Rome, ITA, 00185
Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.
23GF Score

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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.12
Price
€0.14
GF Value