BHG Retail REITSGX:BMGU 38 Operating Margin % is 51.52% as of Dec. 2025, which is 6% below its 10-year median of 54.54. GuruFocus rates SGX:BMGU with a GF Score™ of 38/100 and a GF Value™ of S$0.40 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 746 REITs companies, BHG Retail REIT ranks worse than 51.07% 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.
BHG Retail REIT Operating Margin % Related Terms
BHG Retail REIT Operating Margin % Historical Data
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The historical data trend for BHG Retail REIT'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.
SGX:BMGU vs SPG, O, KIM: Operating Margin % Comparison
For the REIT - Retail subindustry, BHG Retail REIT'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.
BHG Retail REIT Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, BHG Retail REIT's Operating Margin % distribution charts can be found below:
* The bar in red indicates where BHG Retail REIT'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.
BHG Retail REIT'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.
BHG Retail REIT (SGX:BMGU) has a Operating Margin % of 51.52% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on BHG Retail REIT and its competitors. This is near median its historical median of 54.54. Over the past decade, BHG Retail REIT's Operating Margin % has ranged from 49.03 to 61.34. According to the industry distribution chart, BHG Retail REIT ranks #381 out of 746 companies in the REITs industry, placing it in the top 51.1%.
Is BHG Retail REIT's Operating Margin % too high?
BHG Retail REIT's current Operating Margin % of 51.52% is near median its 10-year median of 54.54. Over the past 10 years, this metric has ranged from a low of 49.03 to a high of 61.34. The REITs industry median Operating Margin % is 52.73. BHG Retail REIT's value of 51.52% is 2.3% below this industry median. Based on the distribution chart, BHG Retail REIT ranks #381 out of 746 companies in the REITs industry, which is below the industry midpoint. Overall, BHG Retail REIT has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHG Retail REIT's Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, BHG Retail REIT ranks #381 out of 746 companies for Operating Margin %. This places BHG Retail REIT in the lower half of its industry. The industry median Operating Margin % is 52.73. BHG Retail REIT's value of 51.52% is 2.3% below this benchmark. Historically, BHG Retail REIT's own Operating Margin % has ranged from 49.03 to 61.34 over the past decade. While the company's 10-year median is 54.54 vs. the industry median of 52.73, BHG Retail REIT has consistently been below 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 REITs company?
The median Operating Margin % among REITs companies is 52.73, based on 746 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. BHG Retail REIT's current Operating Margin % of 51.52% is 2.3% below 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 BHG Retail REIT and its competitors. For the REITs industry, the median Operating Margin % is 52.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHG Retail REIT's current Operating Margin % is 51.52%, which is near median its own 10-year median of 54.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHG Retail REIT stock overvalued right now?
Based on GuruFocus' analysis, BHG Retail REIT (SGX:BMGU) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.40, compared to a current price of S$0.45 — trading 12.5% above its estimated fair value. The current Operating Margin % is 51.52%, which is near median its 10-year median of 54.54 and 2.3% below the REITs industry median of 52.73. BHG Retail REIT's overall GF Score™ is 38/100 with 11 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 BHG Retail REIT (SGX:BMGU), the current Operating Margin % is 51.52% 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 BHG Retail REIT (SGX:BMGU) Overvalued in 2026?
Based on GuruFocus' analysis, BHG Retail REIT stock appears to be overvalued.
The current stock price of S$0.45 is trading 12.5% above its estimated GF Value™ of S$0.40.
GuruFocus considers BHG Retail REIT to be Modestly Overvalued.
Key valuation signals for SGX:BMGU:
Operating Margin %: 51.52% (near median its 10-year median of 54.54)
GF Value™: S$0.40 vs. price of S$0.45 (12.5% above fair value)
Industry Position: 2.3% below the REITs median (#381 of 746)
No single metric tells the full story. See the SGX:BMGU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BHG Retail REIT invests directly or indirectly, in a diversified portfolio of income-producing real estate that is used for retail purposes. Its portfolio comprises six retail properties, Beijing Wanliu Mall, Chengdu Konggang Mall, Hefei Mengchenglu Mall, Hefei Changjiangxilu, Xining Huayuan Mall and Dalian Jinsanjiao Property.
38GF Score
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