Mie Co (NGO:3442) Operating Margin %: 9.80% (As of Mar. 2026) — 97% Above Median


NGO:3442 Mie Corp Co Ltd NGO:3442
66 GF Score
Price 円1,607.00
GF Value 円1,450.09
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Mie Co Operating Margin %?

Mie Co NGO:3442 +2.62% 66 Operating Margin % is 9.80% as of Mar. 2026, which is 97% above its 10-year median of 4.97. GuruFocus rates NGO:3442 with a GF Score™ of 66/100 and a GF Value™ of 円1,450.09 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 610 Steel companies, Mie Co ranks better than 79.51% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mie Co's Operating Income for the six months ended in Mar. 2026 was 円363 Mil. Mie Co's Revenue for the six months ended in Mar. 2026 was 円3,705 Mil. Therefore, Mie Co's Operating Margin % for the quarter that ended in Mar. 2026 was 9.80%.

Good Sign:

Mie Corp Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

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

NGO:3442' s Operating Margin % Range Over the Past 10 Years
Min: 3.56   Med: 4.97   Max: 9.07
Current: 9.07


NGO:3442's Operating Margin % is ranked better than
79.51% of 610 companies
in the Steel industry
Industry Median: 3 vs NGO:3442: 9.07

Mie Co's 5-Year Average Operating Margin % Growth Rate was 18.90% per year.

Mie Co's Operating Income for the six months ended in Mar. 2026 was 円363 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円647 Mil.


Mie Co  (NGO:3442) 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.


Mie Co Operating Margin % Related Terms


Mie Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Mie Co'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.

Mie Co Operating Margin % Chart

Mie Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.96 7.57 8.30 8.27 9.07

Mie Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 7.86 7.82 8.70 8.27 9.80

NGO:3442 vs NUE, STLD, RS: Operating Margin % Comparison

For the Steel subindustry, Mie Co'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.


Mie Co Operating Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Mie Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Mie Co's Operating Margin % falls into.


NGO:3442
66GF Score
Mie Corp Co Ltd NGO:3442
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mie Co 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.

Mie Co's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=647.376 / 7139.977
=9.07 %

Mie Co'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 )
=363.249 / 3705.266
=9.80 %

* 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 9.80% mean?
Mie Co (NGO:3442) has a Operating Margin % of 9.80% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Mie Co and its competitors. This is 97% above median its historical median of 4.97. Over the past decade, Mie Co's Operating Margin % has ranged from 3.56 to 9.07. According to the industry distribution chart, Mie Co ranks #125 out of 610 companies in the Steel industry, placing it in the top 20.5%.
Is Mie Co's Operating Margin % too high?
Mie Co's current Operating Margin % of 9.80% is 97% above median its 10-year median of 4.97. Over the past 10 years, this metric has ranged from a low of 3.56 to a high of 9.07. The Steel industry median Operating Margin % is 3.00. Mie Co's value of 9.80% is 226.7% above this industry median. Based on the distribution chart, Mie Co ranks #125 out of 610 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mie Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mie Co's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Mie Co ranks #125 out of 610 companies for Operating Margin %. This places Mie Co in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.00. Mie Co's value of 9.80% is 226.7% above this benchmark. Historically, Mie Co's own Operating Margin % has ranged from 3.56 to 9.07 over the past decade. While the company's 10-year median is 4.97 vs. the industry median of 3.00, Mie Co 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 Steel company?
The median Operating Margin % among Steel companies is 3.00, based on 610 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. Mie Co's current Operating Margin % of 9.80% is 226.7% 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 Mie Co and its competitors. For the Steel industry, the median Operating Margin % is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mie Co's current Operating Margin % is 9.80%, which is 97% above median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mie Co stock overvalued right now?
Based on GuruFocus' analysis, Mie Co (NGO:3442) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,450.09, compared to a current price of 円1,607.00 — trading 10.8% above its estimated fair value. The current Operating Margin % is 9.80%, which is 97% above median its 10-year median of 4.97 and 226.7% above the Steel industry median of 3.00. Mie Co's overall GF Score™ is 66/100 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 Mie Co (NGO:3442), the current Operating Margin % is 9.80% 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 Mie Co (NGO:3442) Overvalued in 2026?

Based on GuruFocus' analysis, Mie Co stock appears to be overvalued. The current stock price of 円1,607.00 is trading 10.8% above its estimated GF Value™ of 円1,450.09. GuruFocus considers Mie Co to be Modestly Overvalued.

Key valuation signals for NGO:3442:

  • Operating Margin %: 9.80% (97% above median its 10-year median of 4.97)
  • GF Value™: 円1,450.09 vs. price of 円1,607.00 (10.8% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 226.7% above the Steel median (#125 of 610)

No single metric tells the full story. See the NGO:3442 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mie Co Business Description

Address 1001 Oaza Hoshikawa, Mie-ken, Kuwana, JPN, 511-0912
Mie Corp Co Ltd is a Japanese holding company. The company, through its subsidiaries, is engaged in the manufacturing of stainless steel fittings and flanges and the prefabricated piping processing of piping equipment. The products of the company include butt weld type fitting, housing type pipe fitting, and stainless steel pipe flange.
66GF Score

Get the complete analysis for NGO:3442

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

円1,607.00
Price
円1,450.09
GF Value