Glycorex Transplantation AB (NGM:GTAB B) Operating Margin %: -39.09% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGM:GTAB B Glycorex Transplantation AB NGM:GTAB B
61 GF Score
Price kr1.46
GF Value kr1.81
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Glycorex Transplantation AB Operating Margin %?

Glycorex Transplantation AB NGM:GTAB B -8.75% 61 Operating Margin % is -39.09% as of Mar. 2026. GuruFocus rates NGM:GTAB B with a GF Score™ of 61/100 and a GF Value™ of kr1.81 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 943 Biotechnology companies, Glycorex Transplantation AB ranks better than 61.61% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Glycorex Transplantation AB's Operating Income for the three months ended in Mar. 2026 was kr-3.41 Mil. Glycorex Transplantation AB's Revenue for the three months ended in Mar. 2026 was kr8.72 Mil. Therefore, Glycorex Transplantation AB's Operating Margin % for the quarter that ended in Mar. 2026 was -39.09%.

Good Sign:

Glycorex Transplantation AB operating margin is expanding. Margin expansion is usually a good sign.

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

NGM:GTAB B' s Operating Margin % Range Over the Past 10 Years
Min: -101.26   Med: -26   Max: 20.62
Current: -24.41


NGM:GTAB B's Operating Margin % is ranked better than
61.61% of 943 companies
in the Biotechnology industry
Industry Median: -86.94 vs NGM:GTAB B: -24.41

Glycorex Transplantation AB's 5-Year Average Operating Margin % Growth Rate was 5.20% per year.

Glycorex Transplantation AB's Operating Income for the three months ended in Mar. 2026 was kr-3.41 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr-9.25 Mil.


Glycorex Transplantation AB  (NGM:GTAB B) 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.


Glycorex Transplantation AB Operating Margin % Related Terms


Glycorex Transplantation AB Operating Margin % Historical Data

* Premium members only.

The historical data trend for Glycorex Transplantation AB'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.

Glycorex Transplantation AB Operating Margin % Chart

Glycorex Transplantation AB 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 -41.89 -23.29 -101.26 -29.63 -18.19

Glycorex Transplantation AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -15.37 -10.10 -22.10 -28.59 -39.09

NGM:GTAB B vs VRTX, REGN, RVMD: Operating Margin % Comparison

For the Biotechnology subindustry, Glycorex Transplantation AB'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.


Glycorex Transplantation AB Operating Margin % vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Glycorex Transplantation AB's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Glycorex Transplantation AB's Operating Margin % falls into.


NGM:GTAB B
61GF Score
Glycorex Transplantation AB NGM:GTAB B
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Glycorex Transplantation AB 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.

Glycorex Transplantation AB'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 )
=-7.067 / 38.844
=-18.19 %

Glycorex Transplantation AB's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-3.408 / 8.718
=-39.09 %

* 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 -39.09% mean?
Glycorex Transplantation AB (NGM:GTAB B) has a Operating Margin % of -39.09% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Glycorex Transplantation AB and its competitors. According to the industry distribution chart, Glycorex Transplantation AB ranks #362 out of 943 companies in the Biotechnology industry, placing it in the top 38.4%.
Is Glycorex Transplantation AB's Operating Margin % too high?
Glycorex Transplantation AB's current Operating Margin % is -39.09%. Based on the distribution chart, Glycorex Transplantation AB ranks #362 out of 943 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Glycorex Transplantation AB has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Glycorex Transplantation AB's Operating Margin % compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Glycorex Transplantation AB ranks #362 out of 943 companies for Operating Margin %. This puts Glycorex Transplantation AB in the upper half of its industry. 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 Biotechnology company?
A good Operating Margin % depends on the Biotechnology industry context. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Glycorex Transplantation AB and its competitors. Glycorex Transplantation AB's current Operating Margin % is -39.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glycorex Transplantation AB stock overvalued right now?
Based on GuruFocus' analysis, Glycorex Transplantation AB (NGM:GTAB B) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1.81, compared to a current price of kr1.46 — trading 19.3% below its estimated fair value. The current Operating Margin % is -39.09%. Glycorex Transplantation AB's overall GF Score™ is 61/100 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 Glycorex Transplantation AB (NGM:GTAB B), the current Operating Margin % is -39.09% 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 Glycorex Transplantation AB (NGM:GTAB B) Overvalued in 2026?

Based on GuruFocus' analysis, Glycorex Transplantation AB stock appears to be undervalued. The current stock price of kr1.46 is trading 19.3% below its estimated GF Value™ of kr1.81. GuruFocus considers Glycorex Transplantation AB to be Modestly Undervalued.

Key valuation signals for NGM:GTAB B:

  • Operating Margin %: -39.09%
  • GF Value™: kr1.81 vs. price of kr1.46 (19.3% below fair value)
  • GF Score™: 61/100 with 5 warning signs

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


Glycorex Transplantation AB Business Description

Other Exchanges O33:Germany
Address Scheelevagen 27, Lund, SWE, 223 63
Glycorex Transplantation AB is a medical technology company. Its main product Glycosorb ABO is used clinically in six continents to facilitate blood group incompatible transplants, especially in kidney transplants from related living donors, but also in transplantation of liver, heart, lung and stem cells. Glycosorb ABO enables grafts regardless of the blood group of donors and recipients. The product is used in extracorporeal blood treatment, that is, a blood treatment that takes place outside the body in the same way as dialysis. Its segment is research, develop, manufacture, market and sell products in the field of organ transplantation or related areas. Geographically it operates in Europe, Australia, Singapore, India, and Other countries with majority of revenue from Europe.
61GF Score

Get the complete analysis for NGM:GTAB B

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

kr1.46
Price
kr1.81
GF Value