NAVER (NHNCF) Operating Margin %: 16.72% (As of Mar. 2026) — 12% Below Median


NHNCF NAVER Corp NHNCF
95 GF Score
Price $115.00
GF Value $148.54
! 3 Warning Signs
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What is NAVER Operating Margin %?

NAVER NHNCF 95 Operating Margin % is 16.72% as of Mar. 2026, which is 12% below its 10-year median of 18.94. GuruFocus rates NHNCF with a GF Score™ of 95/100 and a GF Value™ of $148.54. The stock has 3 warning signs investors should review. Among 553 Interactive Media companies, NAVER ranks better than 77.03% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. NAVER's Operating Income for the three months ended in Mar. 2026 was $363 Mil. NAVER's Revenue for the three months ended in Mar. 2026 was $2,174 Mil. Therefore, NAVER's Operating Margin % for the quarter that ended in Mar. 2026 was 16.72%.

Warning Sign:

NAVER Corp operating margin has been in a 5-year decline. The average rate of decline per year is -3.7%.

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

NHNCF' s Operating Margin % Range Over the Past 10 Years
Min: 15.4   Med: 18.94   Max: 27.4
Current: 17.97


NHNCF's Operating Margin % is ranked better than
77.03% of 553 companies
in the Interactive Media industry
Industry Median: 2.99 vs NHNCF: 17.97

NAVER's 5-Year Average Operating Margin % Growth Rate was -3.70% per year.

NAVER's Operating Income for the three months ended in Mar. 2026 was $363 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $1,572 Mil.


NAVER  (OTCPK:NHNCF) 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.


NAVER Operating Margin % Related Terms


NAVER Operating Margin % Historical Data

* Premium members only.

The historical data trend for NAVER'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.

NAVER Operating Margin % Chart

NAVER 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 19.44 15.87 15.40 18.43 18.35

NAVER 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 18.13 17.89 18.18 19.11 16.72

NHNCF vs GOOGL, META, SPOT: Operating Margin % Comparison

For the Internet Content & Information subindustry, NAVER'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.


NAVER Operating Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NAVER's Operating Margin % distribution charts can be found below:

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


NHNCF
95GF Score
NAVER Corp NHNCF
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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NAVER 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.

NAVER'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 )
=1506.897 / 8213.032
=18.35 %

NAVER'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 )
=363.469 / 2174.453
=16.72 %

* 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 16.72% mean?
NAVER (NHNCF) has a Operating Margin % of 16.72% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on NAVER and its competitors. This is 12% below median its historical median of 18.94. Over the past decade, NAVER's Operating Margin % has ranged from 15.40 to 27.40. According to the industry distribution chart, NAVER ranks #127 out of 553 companies in the Interactive Media industry, placing it in the top 23%.
Is NAVER's Operating Margin % too high?
NAVER's current Operating Margin % of 16.72% is 12% below median its 10-year median of 18.94. Over the past 10 years, this metric has ranged from a low of 15.40 to a high of 27.40. The Interactive Media industry median Operating Margin % is 2.99. NAVER's value of 16.72% is 459.2% above this industry median. Based on the distribution chart, NAVER ranks #127 out of 553 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, NAVER has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does NAVER's Operating Margin % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, NAVER ranks #127 out of 553 companies for Operating Margin %. This places NAVER in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.99. NAVER's value of 16.72% is 459.2% above this benchmark. Historically, NAVER's own Operating Margin % has ranged from 15.40 to 27.40 over the past decade. While the company's 10-year median is 18.94 vs. the industry median of 2.99, NAVER 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 an Interactive Media company?
The median Operating Margin % among Interactive Media companies is 2.99, based on 553 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. NAVER's current Operating Margin % of 16.72% is 459.2% 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 NAVER and its competitors. For the Interactive Media industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NAVER's current Operating Margin % is 16.72%, which is 12% below median its own 10-year median of 18.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NAVER stock overvalued right now?
NAVER (NHNCF) has a current Operating Margin % of 16.72%. The stock's GF Value™ is $148.54, compared to a current price of $115.00 — trading 22.6% below its estimated fair value. The current Operating Margin % is 16.72%, which is 12% below median its 10-year median of 18.94 and 459.2% above the Interactive Media industry median of 2.99. NAVER's overall GF Score™ is 95/100 with 3 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 NAVER (NHNCF), the current Operating Margin % is 16.72% 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 NAVER (NHNCF) Overvalued in 2026?

Based on GuruFocus' analysis, NAVER stock appears to be undervalued. The current stock price of $115.00 is trading 22.6% below its estimated GF Value™ of $148.54.

Key valuation signals for NHNCF:

  • Operating Margin %: 16.72% (12% below median its 10-year median of 18.94)
  • GF Value™: $148.54 vs. price of $115.00 (22.6% below fair value)
  • GF Score™: 95/100 with 3 warning signs
  • Industry Position: 459.2% above the Interactive Media median (#127 of 553)

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


NAVER Business Description

Other Exchanges 035420:Korea
Address Naver 1784, 95 Jeongjail-ro, Bundang-gu, Gyeonggi Province, Seongnam, KOR, 13561
Naver has been the leading search portal in South Korea for many years. The company has also been evolving into an internet platform providing a variety of internet services, such as news, a dictionary, maps, digital comic content, social networking, e-commerce, videos, fintech services based on online payments, and Cloud services. Naver was also the incubator of Line Yahoo, the leading mobile messaging app in Japan, Taiwan, Thailand, and Indonesia, which merged with Z Holdings (Yahoo Japan), with Naver now owning 32.5% of the merged entity renamed LY. Naver is now launching AI products using its proprietary data.
95GF Score

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

$115.00
Price
$148.54
GF Value