BANDAI NAMCO HoldingsNCBDF 93 Operating Margin % is 9.28% as of Mar. 2026, which is 19% below its 10-year median of 11.46. GuruFocus rates NCBDF with a GF Score™ of 93/100 and a GF Value™ of $28.82 (Modestly Undervalued). Among 844 Travel & Leisure companies, BANDAI NAMCO Holdings ranks better than 66.23% 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.
BANDAI NAMCO Holdings Operating Margin % Related Terms
BANDAI NAMCO Holdings Operating Margin % Historical Data
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The historical data trend for BANDAI NAMCO Holdings'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.
NCBDF vs AS, HAS, LTH: Operating Margin % Comparison
For the Leisure subindustry, BANDAI NAMCO Holdings'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.
BANDAI NAMCO Holdings Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, BANDAI NAMCO Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where BANDAI NAMCO Holdings'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.
BANDAI NAMCO Holdings's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
BANDAI NAMCO Holdings (NCBDF) has a Operating Margin % of 9.28% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on BANDAI NAMCO Holdings and its competitors. This is 19% below median its historical median of 11.46. Over the past decade, BANDAI NAMCO Holdings' Operating Margin % has ranged from 8.63 to 14.52. According to the industry distribution chart, BANDAI NAMCO Holdings ranks #285 out of 844 companies in the Travel & Leisure industry, placing it in the top 33.8%.
Is BANDAI NAMCO Holdings' Operating Margin % too high?
BANDAI NAMCO Holdings' current Operating Margin % of 9.28% is 19% below median its 10-year median of 11.46. Over the past 10 years, this metric has ranged from a low of 8.63 to a high of 14.52. The Travel & Leisure industry median Operating Margin % is 8.14. BANDAI NAMCO Holdings' value of 9.28% is 14.1% above this industry median. Based on the distribution chart, BANDAI NAMCO Holdings ranks #285 out of 844 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, BANDAI NAMCO Holdings has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BANDAI NAMCO Holdings' Operating Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, BANDAI NAMCO Holdings ranks #285 out of 844 companies for Operating Margin %. This puts BANDAI NAMCO Holdings in the upper half of its industry. The industry median Operating Margin % is 8.14. BANDAI NAMCO Holdings' value of 9.28% is 14.1% above this benchmark. Historically, BANDAI NAMCO Holdings' own Operating Margin % has ranged from 8.63 to 14.52 over the past decade. While the company's 10-year median is 11.46 vs. the industry median of 8.14, BANDAI NAMCO Holdings 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. BANDAI NAMCO Holdings's current Operating Margin % of 9.28% is 14.1% 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 BANDAI NAMCO Holdings 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. BANDAI NAMCO Holdings's current Operating Margin % is 9.28%, which is 19% below median its own 10-year median of 11.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BANDAI NAMCO Holdings stock overvalued right now?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings (NCBDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.82, compared to a current price of $22.50 — trading 21.9% below its estimated fair value. The current Operating Margin % is 9.28%, which is 19% below median its 10-year median of 11.46 and 14.1% above the Travel & Leisure industry median of 8.14. BANDAI NAMCO Holdings' overall GF Score™ is 93/100. 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 BANDAI NAMCO Holdings (NCBDF), the current Operating Margin % is 9.28% 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 BANDAI NAMCO Holdings (NCBDF) Overvalued in 2026?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings stock appears to be undervalued.
The current stock price of $22.50 is trading 21.9% below its estimated GF Value™ of $28.82.
GuruFocus considers BANDAI NAMCO Holdings to be Modestly Undervalued.
Key valuation signals for NCBDF:
Operating Margin %: 9.28% (19% below median its 10-year median of 11.46)
GF Value™: $28.82 vs. price of $22.50 (21.9% below fair value)
Industry Position: 14.1% above the Travel & Leisure median (#285 of 844)
No single metric tells the full story. See the NCBDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bandai Namco was established in 2005 through the merger of Bandai (established 1950), a toy manufacturer, and Namco (established 1955), a video game developer and arcade operator. Since then, Bandai Namco has emerged as one of the top entertainment companies in Japan, producing and selling games, toys, animation, and music content for a portfolio of over 400 internationally popular intellectual properties. The company's most notable franchises—Gundam, Dragon Ball, and One Piece are among the highest-grossing franchises in the world.
93GF Score
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