Tivoli AS (OCSE:TIV) Operating Margin %: -165.36% (As of Mar. 2026)


OCSE:TIV Tivoli AS OCSE:TIV
78 GF Score
Price kr626.00
GF Value kr739.30
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Tivoli AS Operating Margin %?

Tivoli AS OCSE:TIV +0.64% 78 Operating Margin % is -165.36% as of Mar. 2026. GuruFocus rates OCSE:TIV with a GF Score™ of 78/100 and a GF Value™ of kr739.30 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 844 Travel & Leisure companies, Tivoli AS ranks better than 60.19% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tivoli AS's Operating Income for the three months ended in Mar. 2026 was kr-135 Mil. Tivoli AS's Revenue for the three months ended in Mar. 2026 was kr81 Mil. Therefore, Tivoli AS's Operating Margin % for the quarter that ended in Mar. 2026 was -165.36%.

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

OCSE:TIV' s Operating Margin % Range Over the Past 10 Years
Min: -36.63   Med: 10.33   Max: 12.38
Current: 11.38


OCSE:TIV's Operating Margin % is ranked better than
60.19% of 844 companies
in the Travel & Leisure industry
Industry Median: 8.135 vs OCSE:TIV: 11.38

Tivoli AS's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Tivoli AS's Operating Income for the three months ended in Mar. 2026 was kr-135 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr154 Mil.


Tivoli AS  (OCSE:TIV) 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.


Tivoli AS Operating Margin % Related Terms


Tivoli AS Operating Margin % Historical Data

* Premium members only.

The historical data trend for Tivoli AS'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.

Tivoli AS Operating Margin % Chart

Tivoli AS 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 -4.95 8.63 9.77 12.30 12.14

Tivoli AS 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 -179.69 14.16 25.49 26.93 -165.36

OCSE:TIV vs AS, HAS, LTH: Operating Margin % Comparison

For the Leisure subindustry, Tivoli AS'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.


Tivoli AS Operating Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tivoli AS's Operating Margin % distribution charts can be found below:

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


OCSE:TIV
78GF Score
Tivoli AS OCSE:TIV
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tivoli AS 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.

Tivoli AS'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 )
=163.3 / 1344.7
=12.14 %

Tivoli AS'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 )
=-134.6 / 81.4
=-165.36 %

* 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 -165.36% mean?
Tivoli AS (OCSE:TIV) has a Operating Margin % of -165.36% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Tivoli AS and its competitors. According to the industry distribution chart, Tivoli AS ranks #336 out of 844 companies in the Travel & Leisure industry, placing it in the top 39.8%.
Is Tivoli AS's Operating Margin % too high?
Tivoli AS's current Operating Margin % is -165.36%. Based on the distribution chart, Tivoli AS ranks #336 out of 844 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Tivoli AS has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tivoli AS's Operating Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Tivoli AS ranks #336 out of 844 companies for Operating Margin %. This puts Tivoli AS in the upper half of its industry. The industry median Operating Margin % is 8.14. 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. 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 Tivoli AS 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. Tivoli AS's current Operating Margin % is -165.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tivoli AS stock overvalued right now?
Based on GuruFocus' analysis, Tivoli AS (OCSE:TIV) is currently considered Modestly Undervalued. The stock's GF Value™ is kr739.30, compared to a current price of kr626.00 — trading 15.3% below its estimated fair value. The current Operating Margin % is -165.36%. Tivoli AS's overall GF Score™ is 78/100 with 1 warning sign 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 Tivoli AS (OCSE:TIV), the current Operating Margin % is -165.36% 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 Tivoli AS (OCSE:TIV) Overvalued in 2026?

Based on GuruFocus' analysis, Tivoli AS stock appears to be undervalued. The current stock price of kr626.00 is trading 15.3% below its estimated GF Value™ of kr739.30. GuruFocus considers Tivoli AS to be Modestly Undervalued.

Key valuation signals for OCSE:TIV:

  • Operating Margin %: -165.36%
  • GF Value™: kr739.30 vs. price of kr626.00 (15.3% below fair value)
  • GF Score™: 78/100 with 1 warning sign

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


Tivoli AS Business Description

Address Vesterbrogade 3, Copenhagen, DNK, 1630
Tivoli AS operates Tivoli amusement park, located in central Copenhagen. It provides services like rides, music, entertainment, food, and drink. Its amusement park includes a green park, a concert hall, a theatre, and a circus. The company operates in six business segments: Games, Food & Beverage, High-End, Enterprise Rental, Sales, and Culture. It generates the majority of its revenue from the Sales segment.
78GF Score

Get the complete analysis for OCSE:TIV

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

kr626.00
Price
kr739.30
GF Value