JB Hi FiSTU:JB3 90 Operating Margin % is 5.20% as of Dec. 2025, which is 15% above its 10-year median of 4.51. GuruFocus rates STU:JB3 with a GF Score™ of 90/100 and a GF Value™ of €49.17. The stock has 1 warning sign investors should review. Among 1,128 Retail - Cyclical companies, JB Hi Fi ranks better than 51.68% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. JB Hi Fi's Operating Income for the
six
months ended in Dec. 2025 was €179 Mil. JB Hi Fi's Revenue for the
six
months ended in Dec. 2025 was €3,453 Mil. Therefore, JB Hi Fi's Operating Margin % for the quarter that ended in Dec. 2025 was 5.20%.
Warning Sign:
JB Hi Fi Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -6.6%.
The historical rank and industry rank for JB Hi Fi's Operating Margin % or its related term are showing as below:
STU:JB3'
s Operating Margin % Range Over the Past 10 Years
Min: 4.15 Med: 4.51 Max: 6.26
Current: 4.18
STU:JB3's Operating Margin % is ranked better than 51.68% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 3.905
vs STU:JB3: 4.18
JB Hi Fi's 5-Year Average Operating Margin % Growth Rate was -6.60% per year.
JB Hi Fi's Operating Income for the
six
months ended in Dec. 2025 was €179 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €260 Mil.
JB Hi Fi (STU:JB3) 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.
JB Hi Fi Operating Margin % Related Terms
JB Hi Fi Operating Margin % Historical Data
* Premium members only.
The historical data trend for JB Hi Fi'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:JB3 vs CASY, WSM, ULTA: Operating Margin % Comparison
For the Specialty Retail subindustry, JB Hi Fi'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.
JB Hi Fi Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, JB Hi Fi's Operating Margin % distribution charts can be found below:
* The bar in red indicates where JB Hi Fi'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.
JB Hi Fi's Operating Margin % for the fiscal year that ended in Jun. 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.
JB Hi Fi (STU:JB3) has a Operating Margin % of 5.20% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on JB Hi Fi and its competitors. This is 15% above median its historical median of 4.51. Over the past decade, JB Hi Fi's Operating Margin % has ranged from 4.15 to 6.26. According to the industry distribution chart, JB Hi Fi ranks #545 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 48.3%.
Is JB Hi Fi's Operating Margin % too high?
JB Hi Fi's current Operating Margin % of 5.20% is 15% above median its 10-year median of 4.51. Over the past 10 years, this metric has ranged from a low of 4.15 to a high of 6.26. The Retail - Cyclical industry median Operating Margin % is 3.91. JB Hi Fi's value of 5.20% is 33.2% above this industry median. Based on the distribution chart, JB Hi Fi ranks #545 out of 1128 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, JB Hi Fi has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does JB Hi Fi's Operating Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, JB Hi Fi ranks #545 out of 1128 companies for Operating Margin %. This puts JB Hi Fi in the upper half of its industry. The industry median Operating Margin % is 3.91. JB Hi Fi's value of 5.20% is 33.2% above this benchmark. Historically, JB Hi Fi's own Operating Margin % has ranged from 4.15 to 6.26 over the past decade. While the company's 10-year median is 4.51 vs. the industry median of 3.91, JB Hi Fi 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 Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.91, based on 1,128 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. JB Hi Fi's current Operating Margin % of 5.20% is 33.2% 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 JB Hi Fi and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JB Hi Fi's current Operating Margin % is 5.20%, which is 15% above median its own 10-year median of 4.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JB Hi Fi stock overvalued right now?
JB Hi Fi (STU:JB3) has a current Operating Margin % of 5.20%. The stock's GF Value™ is €49.17, compared to a current price of €47.20 — trading 4% below its estimated fair value. The current Operating Margin % is 5.20%, which is 15% above median its 10-year median of 4.51 and 33.2% above the Retail - Cyclical industry median of 3.91. JB Hi Fi's overall GF Score™ is 90/100 with 1 warning sign 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 JB Hi Fi (STU:JB3), the current Operating Margin % is 5.20% 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 JB Hi Fi (STU:JB3) Overvalued in 2026?
Based on GuruFocus' analysis, JB Hi Fi stock appears to be undervalued.
The current stock price of €47.20 is trading 4% below its estimated GF Value™ of €49.17.
Key valuation signals for STU:JB3:
Operating Margin %: 5.20% (15% above median its 10-year median of 4.51)
GF Value™: €49.17 vs. price of €47.20 (4% below fair value)
Industry Position: 33.2% above the Retail - Cyclical median (#545 of 1128)
No single metric tells the full story. See the STU:JB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JB Hi-Fi Limited is a specialty retailer of branded home entertainment products. The group sells consumer electronics, electrical goods, and white goods through its JB Hi-Fi, The Good Guys, and E&S chains. The company primarily operates from stand-alone destination sites and shopping centers in Australia and New Zealand, but the online platform is becoming increasingly important.
90GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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