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.
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.
Oppenheimer HoldingsOPY -1.84%77 Operating Margin % is 21.20% as of Jun. 2026, which is 2% above its 10-year median of 20.80. GuruFocus rates OPY with a GF Score™ of 77/100 and a GF Value™ of $80.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 668 Capital Markets companies, Oppenheimer Holdings ranks better than 62.87% on this metric.
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 Nokias 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.
Oppenheimer Holdings Operating Margin % Related Terms
Oppenheimer Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for Oppenheimer Holdings'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.
OPY vs PWP, GOLD, PURR: Operating Margin % Comparison
For the Capital Markets subindustry, Oppenheimer Holdings'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.
Oppenheimer Holdings Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Oppenheimer Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Oppenheimer Holdings's Operating Margin % falls into.
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.
Oppenheimer Holdings's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Oppenheimer Holdings (OPY) has a Operating Margin % of 21.20% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Oppenheimer Holdings and its competitors. This is near median its historical median of 20.80. Over the past decade, Oppenheimer Holdings' Operating Margin % has ranged from 13.61 to 25.90. According to the industry distribution chart, Oppenheimer Holdings ranks #248 out of 668 companies in the Capital Markets industry, placing it in the top 37.1%.
Is Oppenheimer Holdings' Operating Margin % too high?
Oppenheimer Holdings' current Operating Margin % of 21.20% is near median its 10-year median of 20.80. Over the past 10 years, this metric has ranged from a low of 13.61 to a high of 25.90. The Capital Markets industry median Operating Margin % is 7.79. Oppenheimer Holdings' value of 21.20% is 172.3% above this industry median. Based on the distribution chart, Oppenheimer Holdings ranks #248 out of 668 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Oppenheimer Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oppenheimer Holdings' Operating Margin % compare to PWP and GOLD?
According to the Capital Markets industry distribution chart, Oppenheimer Holdings ranks #248 out of 668 companies for Operating Margin %. This puts Oppenheimer Holdings in the upper half of its industry. The industry median Operating Margin % is 7.79. Oppenheimer Holdings' value of 21.20% is 172.3% above this benchmark. Historically, Oppenheimer Holdings' own Operating Margin % has ranged from 13.61 to 25.90 over the past decade. While the company's 10-year median is 20.80 vs. the industry median of 7.79, Oppenheimer Holdings 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.79, based on 668 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. Oppenheimer Holdings's current Operating Margin % of 21.20% is 172.3% 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 Oppenheimer Holdings and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oppenheimer Holdings's current Operating Margin % is 21.20%, which is near median its own 10-year median of 20.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oppenheimer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oppenheimer Holdings (OPY) is currently considered Significantly Overvalued. The stock's GF Value™ is $80.77, compared to a current price of $111.75 — trading 38.4% above its estimated fair value. The current Operating Margin % is 21.20%, which is near median its 10-year median of 20.80 and 172.3% above the Capital Markets industry median of 7.79. Oppenheimer Holdings' overall GF Score™ is 77/100 with 7 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 Oppenheimer Holdings (OPY), the current Operating Margin % is 21.20% as of Jun. 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 Oppenheimer Holdings (OPY) Overvalued in 2026?
Based on GuruFocus' analysis, Oppenheimer Holdings stock appears to be overvalued.
The current stock price of $111.75 is trading 38.4% above its estimated GF Value™ of $80.77.
GuruFocus considers Oppenheimer Holdings to be Significantly Overvalued.
Key valuation signals for OPY:
Operating Margin %: 21.20% (near median its 10-year median of 20.80)
GF Value™: $80.77 vs. price of $111.75 (38.4% above fair value)
Industry Position: 172.3% above the Capital Markets median (#248 of 668)
No single metric tells the full story. See the OPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has two segments: Wealth Management, and Capital Markets. IT generates maximum revenue from Wealth Management Segment which includes commissions and fee income earned on assets under management (AUM), net interest earnings on client margin loans and cash balances, fees from money market funds, custodian fees and other activities. The company generates the majority of its revenue from the Americas, with the rest from Europe, the Middle East, and Asia.
77GF Score
Get the complete analysis for OPY
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OPY has been successfully added to your 
