SBI HoldingsSBHGF -7.36%85 Operating Margin % is 7.58% as of Mar. 2026, which is 63% below its 10-year median of 20.46. GuruFocus rates SBHGF with a GF Score™ of 85/100 and a GF Value™ of $16.73 (Fairly Valued). The stock has 7 warning signs investors should review. Among 86 Diversified Financial Services companies, SBI Holdings ranks better than 76.74% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. SBI Holdings's Operating Income for the
three
months ended in Mar. 2026 was $194 Mil. SBI Holdings's Revenue for the
three
months ended in Mar. 2026 was $2,565 Mil. Therefore, SBI Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 7.58%.
Warning Sign:
SBI Holdings Inc operating margin has been in a 5-year decline. The average rate of decline per year is -3.4%.
The historical rank and industry rank for SBI Holdings's Operating Margin % or its related term are showing as below:
SBHGF'
s Operating Margin % Range Over the Past 10 Years
Min: 11.34 Med: 20.46 Max: 29.86
Current: 25.18
SBHGF's Operating Margin % is ranked better than 76.74% of 86
companies
in the Diversified Financial Services industry
Industry Median: 6.35
vs SBHGF: 25.18
SBI Holdings's 5-Year Average Operating Margin % Growth Rate was -3.40% per year.
SBI Holdings's Operating Income for the
three
months ended in Mar. 2026 was $194 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $3,153 Mil.
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.
SBI Holdings Operating Margin % Related Terms
SBI Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for SBI 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.
SBHGF vs FRHC, VOYA: Operating Margin % Comparison
For the Financial Conglomerates subindustry, SBI 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.
SBI Holdings Operating Margin % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where SBI 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.
SBI Holdings's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
SBI Holdings (SBHGF) has a Operating Margin % of 7.58% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on SBI Holdings and its competitors. This is 63% below median its historical median of 20.46. Over the past decade, SBI Holdings' Operating Margin % has ranged from 11.34 to 29.86. According to the industry distribution chart, SBI Holdings ranks #20 out of 86 companies in the Diversified Financial Services industry, placing it in the top 23.3%.
Is SBI Holdings' Operating Margin % too high?
SBI Holdings' current Operating Margin % of 7.58% is 63% below median its 10-year median of 20.46. Over the past 10 years, this metric has ranged from a low of 11.34 to a high of 29.86. The Diversified Financial Services industry median Operating Margin % is 6.35. SBI Holdings' value of 7.58% is 19.4% above this industry median. Based on the distribution chart, SBI Holdings ranks #20 out of 86 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, SBI Holdings has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' Operating Margin % compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, SBI Holdings ranks #20 out of 86 companies for Operating Margin %. This places SBI Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.35. SBI Holdings' value of 7.58% is 19.4% above this benchmark. Historically, SBI Holdings' own Operating Margin % has ranged from 11.34 to 29.86 over the past decade. While the company's 10-year median is 20.46 vs. the industry median of 6.35, SBI 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 Diversified Financial Services company?
The median Operating Margin % among Diversified Financial Services companies is 6.35, based on 86 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. SBI Holdings's current Operating Margin % of 7.58% is 19.4% 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 SBI Holdings and its competitors. For the Diversified Financial Services industry, the median Operating Margin % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Holdings's current Operating Margin % is 7.58%, which is 63% below median its own 10-year median of 20.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (SBHGF) is currently considered Fairly Valued. The stock's GF Value™ is $16.73, compared to a current price of $16.41 — trading 1.9% below its estimated fair value. The current Operating Margin % is 7.58%, which is 63% below median its 10-year median of 20.46 and 19.4% above the Diversified Financial Services industry median of 6.35. SBI Holdings' overall GF Score™ is 85/100 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 SBI Holdings (SBHGF), the current Operating Margin % is 7.58% 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 SBI Holdings (SBHGF) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Holdings stock appears to be undervalued.
The current stock price of $16.41 is trading 1.9% below its estimated GF Value™ of $16.73.
GuruFocus considers SBI Holdings to be Fairly Valued.
Key valuation signals for SBHGF:
Operating Margin %: 7.58% (63% below median its 10-year median of 20.46)
GF Value™: $16.73 vs. price of $16.41 (1.9% below fair value)
Industry Position: 19.4% above the Diversified Financial Services median (#20 of 86)
No single metric tells the full story. See the SBHGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
85GF Score
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