Black Pearl Group (NZSE:BPG) Operating Margin %: -115.57% (As of Mar. 2026)


NZSE:BPG Black Pearl Group Ltd NZSE:BPG
44 GF Score
Price NZ$0.50
GF Value NZ$1.75
Valuation Possible Value Trap
! 4 Warning Signs
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What is Black Pearl Group Operating Margin %?

Black Pearl Group NZSE:BPG -1.96% 44 Operating Margin % is -115.57% as of Mar. 2026. GuruFocus rates NZSE:BPG with a GF Score™ of 44/100 and a GF Value™ of NZ$1.75 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,820 Software companies, Black Pearl Group ranks worse than 90.46% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Black Pearl Group's Operating Income for the six months ended in Mar. 2026 was NZ$-9.88 Mil. Black Pearl Group's Revenue for the six months ended in Mar. 2026 was NZ$8.55 Mil. Therefore, Black Pearl Group's Operating Margin % for the quarter that ended in Mar. 2026 was -115.57%.

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

NZSE:BPG' s Operating Margin % Range Over the Past 10 Years
Min: -504.4   Med: -145.37   Max: -119.54
Current: -125.72


NZSE:BPG's Operating Margin % is ranked worse than
90.46% of 2820 companies
in the Software industry
Industry Median: 3.865 vs NZSE:BPG: -125.72

Black Pearl Group's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Black Pearl Group's Operating Income for the six months ended in Mar. 2026 was NZ$-9.88 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-17.23 Mil.

Warning Sign:

Black Pearl Group Ltd has never been profitable in the past 3 years. It lost money every year.


Black Pearl Group  (NZSE:BPG) 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.


Black Pearl Group Operating Margin % Related Terms


Black Pearl Group Operating Margin % Historical Data

* Premium members only.

The historical data trend for Black Pearl Group'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.

Black Pearl Group Operating Margin % Chart

Black Pearl Group Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Operating Margin %
-504.40 -165.01 -119.54 -125.72

Black Pearl Group Semi-Annual Data
Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Margin % Get a 7-Day Free Trial -128.50 -129.21 -112.62 -142.56 -115.57

NZSE:BPG vs CRM, SHOP, UBER: Operating Margin % Comparison

For the Software - Application subindustry, Black Pearl Group'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.


Black Pearl Group Operating Margin % vs Software Industry

For the Software industry and Technology sector, Black Pearl Group's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Black Pearl Group's Operating Margin % falls into.


NZSE:BPG
44GF Score
Black Pearl Group Ltd NZSE:BPG
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Pearl Group 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.

Black Pearl Group'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 )
=-17.228 / 13.704
=-125.72 %

Black Pearl Group'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 )
=-9.882 / 8.551
=-115.57 %

* 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 -115.57% mean?
Black Pearl Group (NZSE:BPG) has a Operating Margin % of -115.57% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Black Pearl Group and its competitors. According to the industry distribution chart, Black Pearl Group ranks #2551 out of 2820 companies in the Software industry, placing it in the top 90.5%.
Is Black Pearl Group's Operating Margin % too high?
Black Pearl Group's current Operating Margin % is -115.57%. Based on the distribution chart, Black Pearl Group ranks #2551 out of 2820 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Black Pearl Group has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Black Pearl Group's Operating Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Black Pearl Group ranks #2551 out of 2820 companies for Operating Margin %. This places Black Pearl Group in the lower half of its industry. The industry median Operating Margin % is 3.87. 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 Software company?
The median Operating Margin % among Software companies is 3.87, based on 2,820 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. 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 Black Pearl Group and its competitors. For the Software industry, the median Operating Margin % is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Pearl Group's current Operating Margin % is -115.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Pearl Group stock overvalued right now?
Based on GuruFocus' analysis, Black Pearl Group (NZSE:BPG) is currently considered Possible Value Trap. The stock's GF Value™ is NZ$1.75, compared to a current price of NZ$0.50 — trading 71.4% below its estimated fair value. The current Operating Margin % is -115.57%. Black Pearl Group's overall GF Score™ is 44/100 with 4 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 Black Pearl Group (NZSE:BPG), the current Operating Margin % is -115.57% 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 Black Pearl Group (NZSE:BPG) Overvalued in 2026?

Based on GuruFocus' analysis, Black Pearl Group stock appears to be undervalued. The current stock price of NZ$0.50 is trading 71.4% below its estimated GF Value™ of NZ$1.75. GuruFocus considers Black Pearl Group to be Possible Value Trap.

Key valuation signals for NZSE:BPG:

  • Operating Margin %: -115.57%
  • GF Value™: NZ$1.75 vs. price of NZ$0.50 (71.4% below fair value)
  • GF Score™: 44/100 with 4 warning signs

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


Black Pearl Group Business Description

Other Exchanges BPG:Australia
Address 40 Johnston Street, Level 3, Wellington, NZL, 6011
Black Pearl Group Ltd is a data technology company that builds, acquires, and markets data-driven cloud services, consisting of a suite of productivity and demand generation applications for small and medium-sized businesses. The company had two reportable segments based on the company's product subscriptions available during the year: Pearl Diver and Newoldstamp. The company makes the majority of its revenue from subscriptions to Pearl Diver.
44GF Score

Get the complete analysis for NZSE:BPG

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

NZ$0.50
Price
NZ$1.75
GF Value