Freedom HoldingSTU:DMW2 -0.84%77 Operating Margin % is 34.60% as of Mar. 2026, which is 32% below its 10-year median of 50.85. GuruFocus rates STU:DMW2 with a GF Score™ of 77/100 and a GF Value™ of €139.66 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 86 Diversified Financial Services companies, Freedom Holding ranks better than 81.4% on this metric.
Freedom Holding Corp operating margin has been in a 5-year decline. The average rate of decline per year is -12.1%.
The historical rank and industry rank for Freedom Holding's Operating Margin % or its related term are showing as below:
STU:DMW2'
s Operating Margin % Range Over the Past 10 Years
Min: 31.28 Med: 50.85 Max: 64.46
Current: 31.28
STU:DMW2's Operating Margin % is ranked better than 81.4% of 86
companies
in the Diversified Financial Services industry
Industry Median: 6.35
vs STU:DMW2: 31.28
Freedom Holding's 5-Year Average Operating Margin % Growth Rate was -12.10% per year.
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.
Freedom Holding Operating Margin % Related Terms
Freedom Holding Operating Margin % Historical Data
* Premium members only.
The historical data trend for Freedom Holding'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.
STU:DMW2 vs VOYA, HTH, TREE: Operating Margin % Comparison
For the Financial Conglomerates subindustry, Freedom Holding'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.
Freedom Holding Operating Margin % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Freedom Holding'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.
Freedom Holding'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.
Freedom Holding (STU:DMW2) has a Operating Margin % of 34.60% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Freedom Holding and its competitors. This is 32% below median its historical median of 50.85. Over the past decade, Freedom Holding's Operating Margin % has ranged from 31.28 to 64.46. According to the industry distribution chart, Freedom Holding ranks #16 out of 86 companies in the Diversified Financial Services industry, placing it in the top 18.6%.
Is Freedom Holding's Operating Margin % too high?
Freedom Holding's current Operating Margin % of 34.60% is 32% below median its 10-year median of 50.85. Over the past 10 years, this metric has ranged from a low of 31.28 to a high of 64.46. The Diversified Financial Services industry median Operating Margin % is 6.35. Freedom Holding's value of 34.60% is 444.9% above this industry median. Based on the distribution chart, Freedom Holding ranks #16 out of 86 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Freedom Holding has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Operating Margin % compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #16 out of 86 companies for Operating Margin %. This places Freedom Holding in the top 19% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.35. Freedom Holding's value of 34.60% is 444.9% above this benchmark. Historically, Freedom Holding's own Operating Margin % has ranged from 31.28 to 64.46 over the past decade. While the company's 10-year median is 50.85 vs. the industry median of 6.35, Freedom Holding 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. Freedom Holding's current Operating Margin % of 34.60% is 444.9% 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 Freedom Holding 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. Freedom Holding's current Operating Margin % is 34.60%, which is 32% below median its own 10-year median of 50.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freedom Holding stock overvalued right now?
Based on GuruFocus' analysis, Freedom Holding (STU:DMW2) is currently considered Modestly Undervalued. The stock's GF Value™ is €139.66, compared to a current price of €118.00 — trading 15.5% below its estimated fair value. The current Operating Margin % is 34.60%, which is 32% below median its 10-year median of 50.85 and 444.9% above the Diversified Financial Services industry median of 6.35. Freedom Holding's overall GF Score™ is 77/100 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 Freedom Holding (STU:DMW2), the current Operating Margin % is 34.60% 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 Freedom Holding (STU:DMW2) Overvalued in 2026?
Based on GuruFocus' analysis, Freedom Holding stock appears to be undervalued.
The current stock price of €118.00 is trading 15.5% below its estimated GF Value™ of €139.66.
GuruFocus considers Freedom Holding to be Modestly Undervalued.
Key valuation signals for STU:DMW2:
Operating Margin %: 34.60% (32% below median its 10-year median of 50.85)
GF Value™: €139.66 vs. price of €118.00 (15.5% below fair value)
Industry Position: 444.9% above the Diversified Financial Services median (#16 of 86)
No single metric tells the full story. See the STU:DMW2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freedom Holding Corp is a holding company with its subsidiary it is engaged in securities brokerage, securities dealing for customers and account, market-making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services, and information processing services. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its segments are Brokerage, Banking, Insurance, and Others.
77GF Score
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