Billerud AB (STU:BNF) Operating Margin %: -1.95% (As of Mar. 2026)


STU:BNF Billerud AB STU:BNF
61 GF Score
Price €5.81
GF Value €8.04
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Billerud AB Operating Margin %?

Billerud AB STU:BNF +2.20% 61 Operating Margin % is -1.95% as of Mar. 2026. GuruFocus rates STU:BNF with a GF Score™ of 61/100 and a GF Value™ of €8.04 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 283 Forest Products companies, Billerud AB ranks worse than 62.19% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Billerud AB's Operating Income for the three months ended in Mar. 2026 was €-18 Mil. Billerud AB's Revenue for the three months ended in Mar. 2026 was €912 Mil. Therefore, Billerud AB's Operating Margin % for the quarter that ended in Mar. 2026 was -1.95%.

Warning Sign:

Billerud AB operating margin has been in a 5-year decline. The average rate of decline per year is -11.9%.

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

STU:BNF' s Operating Margin % Range Over the Past 10 Years
Min: 0.26   Med: 5.8   Max: 13.14
Current: 0.26


STU:BNF's Operating Margin % is ranked worse than
62.19% of 283 companies
in the Forest Products industry
Industry Median: 2.6 vs STU:BNF: 0.26

Billerud AB's 5-Year Average Operating Margin % Growth Rate was -11.90% per year.

Billerud AB's Operating Income for the three months ended in Mar. 2026 was €-18 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €9 Mil.


Billerud AB  (STU:BNF) 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.


Billerud AB Operating Margin % Related Terms


Billerud AB Operating Margin % Historical Data

* Premium members only.

The historical data trend for Billerud AB'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.

Billerud AB Operating Margin % Chart

Billerud AB 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 7.12 13.14 1.71 5.60 1.99

Billerud AB 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 5.65 1.75 0.02 1.21 -1.95

STU:BNF vs SLVM: Operating Margin % Comparison

For the Paper & Paper Products subindustry, Billerud AB'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.


Billerud AB Operating Margin % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Billerud AB's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Billerud AB's Operating Margin % falls into.


STU:BNF
61GF Score
Billerud AB STU:BNF
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Billerud AB 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.

Billerud AB'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 )
=74.065 / 3720.531
=1.99 %

Billerud AB'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 )
=-17.825 / 912.144
=-1.95 %

* 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 -1.95% mean?
Billerud AB (STU:BNF) has a Operating Margin % of -1.95% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Billerud AB and its competitors. Over the past decade, Billerud AB's Operating Margin % has ranged from 0.26 to 13.14. According to the industry distribution chart, Billerud AB ranks #176 out of 283 companies in the Forest Products industry, placing it in the top 62.2%.
Is Billerud AB's Operating Margin % too high?
Billerud AB's current Operating Margin % is -1.95%. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 13.14. Based on the distribution chart, Billerud AB ranks #176 out of 283 companies in the Forest Products industry, which is below the industry midpoint. Overall, Billerud AB has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Billerud AB's Operating Margin % compare to SLVM?
According to the Forest Products industry distribution chart, Billerud AB ranks #176 out of 283 companies for Operating Margin %. This places Billerud AB in the lower half of its industry. The industry median Operating Margin % is 2.60. Historically, Billerud AB's own Operating Margin % has ranged from 0.26 to 13.14 over the past decade. 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 Forest Products company?
The median Operating Margin % among Forest Products companies is 2.60, based on 283 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 Billerud AB and its competitors. For the Forest Products industry, the median Operating Margin % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billerud AB's current Operating Margin % is -1.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billerud AB stock overvalued right now?
Based on GuruFocus' analysis, Billerud AB (STU:BNF) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.04, compared to a current price of €5.81 — trading 27.7% below its estimated fair value. The current Operating Margin % is -1.95%. Billerud AB's overall GF Score™ is 61/100 with 5 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 Billerud AB (STU:BNF), the current Operating Margin % is -1.95% 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 Billerud AB (STU:BNF) Overvalued in 2026?

Based on GuruFocus' analysis, Billerud AB stock appears to be undervalued. The current stock price of €5.81 is trading 27.7% below its estimated GF Value™ of €8.04. GuruFocus considers Billerud AB to be Modestly Undervalued.

Key valuation signals for STU:BNF:

  • Operating Margin %: -1.95%
  • GF Value™: €8.04 vs. price of €5.81 (27.7% below fair value)
  • GF Score™: 61/100 with 5 warning signs

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


Billerud AB Business Description

Address Evenemangsgatan 17, P.O. Box 703, Solna, Stockholm, SWE, SE-169 27
Billerud AB produces a variety of packaging, paper, and board products. Its product offerings include Cartonboard, Sack Paper, Coated sheets, Web papers, Hardwood Pulp, and Containerboard, among others. The company has has three operating segments: Region Europe, Region North America and Other. The majority of revenue is derived from the Region Europe segment.
61GF Score

Get the complete analysis for STU:BNF

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

€5.81
Price
€8.04
GF Value