Partners Group Holding AGPGPHF +0.79%82 Operating Margin % is 62.97% as of Dec. 2025, which is 2% below its 10-year median of 64.15. GuruFocus rates PGPHF with a GF Score™ of 82/100 and a GF Value™ of $1,706.21 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 656 Asset Management companies, Partners Group Holding AG ranks better than 74.54% on this metric.
Partners Group Holding AG (OTCPK:PGPHF) 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 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.
Partners Group Holding AG Operating Margin % Related Terms
Partners Group Holding AG Operating Margin % Historical Data
* 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.
Partners Group Holding AG Operating Margin % Chart
PGPHF vs BLK, BX, KKR: Operating Margin % Comparison
For the Asset Management subindustry, Partners Group Holding AG'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.
Partners Group Holding AG Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Partners Group Holding AG's Operating Margin % falls into.
Partners Group Holding AG 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.
Partners Group Holding AG'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.
Partners Group Holding AG (PGPHF) has a Operating Margin % of 62.97% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Partners Group Holding AG and its competitors. This is near median its historical median of 64.15. Over the past decade, Partners Group Holding AG's Operating Margin % has ranged from 59.53 to 67.55. According to the industry distribution chart, Partners Group Holding AG ranks #167 out of 656 companies in the Asset Management industry, placing it in the top 25.5%.
Is Partners Group Holding AG's Operating Margin % too high?
Partners Group Holding AG's current Operating Margin % of 62.97% is near median its 10-year median of 64.15. Over the past 10 years, this metric has ranged from a low of 59.53 to a high of 67.55. The Asset Management industry median Operating Margin % is 16.73. Partners Group Holding AG's value of 62.97% is 276.4% above this industry median. Based on the distribution chart, Partners Group Holding AG ranks #167 out of 656 companies in the Asset Management industry, which is above the industry midpoint. Overall, Partners Group Holding AG has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Operating Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #167 out of 656 companies for Operating Margin %. This puts Partners Group Holding AG in the upper half of its industry. The industry median Operating Margin % is 16.73. Partners Group Holding AG's value of 62.97% is 276.4% above this benchmark. Historically, Partners Group Holding AG's own Operating Margin % has ranged from 59.53 to 67.55 over the past decade. While the company's 10-year median is 64.15 vs. the industry median of 16.73, Partners Group Holding AG 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 Asset Management company?
The median Operating Margin % among Asset Management companies is 16.73, based on 656 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. Partners Group Holding AG's current Operating Margin % of 62.97% is 276.4% 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 Partners Group Holding AG and its competitors. For the Asset Management industry, the median Operating Margin % is 16.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Partners Group Holding AG's current Operating Margin % is 62.97%, which is near median its own 10-year median of 64.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (PGPHF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1,706.21, compared to a current price of $807.30 — trading 52.7% below its estimated fair value. The current Operating Margin % is 62.97%, which is near median its 10-year median of 64.15 and 276.4% above the Asset Management industry median of 16.73. Partners Group Holding AG's overall GF Score™ is 82/100 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 Partners Group Holding AG (PGPHF), the current Operating Margin % is 62.97% as of Dec. 2025. 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 Partners Group Holding AG (PGPHF) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of $807.30 is trading 52.7% below its estimated GF Value™ of $1,706.21.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for PGPHF:
Operating Margin %: 62.97% (near median its 10-year median of 64.15)
GF Value™: $1,706.21 vs. price of $807.30 (52.7% below fair value)
Industry Position: 276.4% above the Asset Management median (#167 of 656)
No single metric tells the full story. See the PGPHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
82GF Score
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