Value-Holdings AGSTU:VHO 61 Operating Margin % is 19.11% as of Dec. 2025, which is 1% below its 10-year median of 19.31. GuruFocus rates STU:VHO with a GF Score™ of 61/100 and a GF Value™ of €11.09 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 667 Capital Markets companies, Value-Holdings AG ranks better than 58.92% on this metric.
Value-Holdings AG (STU:VHO) 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.
Value-Holdings AG Operating Margin % Related Terms
Value-Holdings AG Operating Margin % Historical Data
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The historical data trend for Value-Holdings AG'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:VHO vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Value-Holdings AG'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.
Value-Holdings AG Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Value-Holdings AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Value-Holdings AG'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.
Value-Holdings AG'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.
Value-Holdings AG (STU:VHO) has a Operating Margin % of 19.11% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Value-Holdings AG and its competitors. This is near median its historical median of 19.31. Over the past decade, Value-Holdings AG's Operating Margin % has ranged from 6.25 to 36.57. According to the industry distribution chart, Value-Holdings AG ranks #274 out of 667 companies in the Capital Markets industry, placing it in the top 41.1%.
Is Value-Holdings AG's Operating Margin % too high?
Value-Holdings AG's current Operating Margin % of 19.11% is near median its 10-year median of 19.31. Over the past 10 years, this metric has ranged from a low of 6.25 to a high of 36.57. The Capital Markets industry median Operating Margin % is 7.13. Value-Holdings AG's value of 19.11% is 168% above this industry median. Based on the distribution chart, Value-Holdings AG ranks #274 out of 667 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Value-Holdings AG has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Value-Holdings AG's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Value-Holdings AG ranks #274 out of 667 companies for Operating Margin %. This puts Value-Holdings AG in the upper half of its industry. The industry median Operating Margin % is 7.13. Value-Holdings AG's value of 19.11% is 168% above this benchmark. Historically, Value-Holdings AG's own Operating Margin % has ranged from 6.25 to 36.57 over the past decade. While the company's 10-year median is 19.31 vs. the industry median of 7.13, Value-Holdings AG 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.13, based on 667 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. Value-Holdings AG's current Operating Margin % of 19.11% is 168% 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 Value-Holdings AG and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value-Holdings AG's current Operating Margin % is 19.11%, which is near median its own 10-year median of 19.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value-Holdings AG stock overvalued right now?
Based on GuruFocus' analysis, Value-Holdings AG (STU:VHO) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.09, compared to a current price of €7.15 — trading 35.5% below its estimated fair value. The current Operating Margin % is 19.11%, which is near median its 10-year median of 19.31 and 168% above the Capital Markets industry median of 7.13. Value-Holdings AG's overall GF Score™ is 61/100 with 4 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 Value-Holdings AG (STU:VHO), the current Operating Margin % is 19.11% 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 Value-Holdings AG (STU:VHO) Overvalued in 2026?
Based on GuruFocus' analysis, Value-Holdings AG stock appears to be undervalued.
The current stock price of €7.15 is trading 35.5% below its estimated GF Value™ of €11.09.
GuruFocus considers Value-Holdings AG to be Significantly Undervalued.
Key valuation signals for STU:VHO:
Operating Margin %: 19.11% (near median its 10-year median of 19.31)
GF Value™: €11.09 vs. price of €7.15 (35.5% below fair value)
Industry Position: 168% above the Capital Markets median (#274 of 667)
No single metric tells the full story. See the STU:VHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Value-Holdings AG is a German investment company that acquires shareholdings in listed medium-sized companies. It invests in its own portfolio, as well as managing third-party investment funds. The company along with its subsidiaries also advises institutional investors on investing as per the value-investing strategies. It manages two funds namely Value Holdings Germany Fund and Value Holdings Europe Fund.
61GF 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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