TAV Havalimanlari Holding ASTAVHY -1.52%77 Operating Margin % is 9.90% as of Mar. 2026, which is 51% below its 10-year median of 20.22. GuruFocus rates TAVHY with a GF Score™ of 77/100 and a GF Value™ of $33.61 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,007 Transportation companies, TAV Havalimanlari Holding AS ranks better than 79.05% on this metric.
TAV Havalimanlari Holding AS has recorded a loss in operating income at least once over the past 3 years.
TAV Havalimanlari Holding AS (OTCPK:TAVHY) 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.
TAV Havalimanlari Holding AS Operating Margin % Related Terms
TAV Havalimanlari Holding AS Operating Margin % Historical Data
* 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.
TAV Havalimanlari Holding AS Operating Margin % Chart
TAVHY vs JOBY, CAAP: Operating Margin % Comparison
For the Airports & Air Services subindustry, TAV Havalimanlari Holding AS'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.
TAV Havalimanlari Holding AS Operating Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Operating Margin % distribution charts can be found below:
* The bar in red indicates where TAV Havalimanlari Holding AS's Operating Margin % falls into.
TAV Havalimanlari Holding AS 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.
* 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.
TAV Havalimanlari Holding AS (TAVHY) has a Operating Margin % of 9.90% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TAV Havalimanlari Holding AS and its competitors. This is 51% below median its historical median of 20.22. According to the industry distribution chart, TAV Havalimanlari Holding AS ranks #211 out of 1007 companies in the Transportation industry, placing it in the top 21%.
Is TAV Havalimanlari Holding AS's Operating Margin % too high?
TAV Havalimanlari Holding AS's current Operating Margin % of 9.90% is 51% below median its 10-year median of 20.22. The Transportation industry median Operating Margin % is 7.36. TAV Havalimanlari Holding AS's value of 9.90% is 34.5% above this industry median. Based on the distribution chart, TAV Havalimanlari Holding AS ranks #211 out of 1007 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, TAV Havalimanlari Holding AS has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TAV Havalimanlari Holding AS's Operating Margin % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, TAV Havalimanlari Holding AS ranks #211 out of 1007 companies for Operating Margin %. This places TAV Havalimanlari Holding AS in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.36. TAV Havalimanlari Holding AS's value of 9.90% is 34.5% above this benchmark. While the company's 10-year median is 20.22 vs. the industry median of 7.36, TAV Havalimanlari Holding AS 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.36, based on 1,007 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. TAV Havalimanlari Holding AS's current Operating Margin % of 9.90% is 34.5% 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 TAV Havalimanlari Holding AS and its competitors. For the Transportation industry, the median Operating Margin % is 7.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAV Havalimanlari Holding AS's current Operating Margin % is 9.90%, which is 51% below median its own 10-year median of 20.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAV Havalimanlari Holding AS stock overvalued right now?
Based on GuruFocus' analysis, TAV Havalimanlari Holding AS (TAVHY) is currently considered Modestly Undervalued. The stock's GF Value™ is $33.61, compared to a current price of $24.04 — trading 28.5% below its estimated fair value. The current Operating Margin % is 9.90%, which is 51% below median its 10-year median of 20.22 and 34.5% above the Transportation industry median of 7.36. TAV Havalimanlari Holding AS's overall GF Score™ is 77/100 with 7 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 TAV Havalimanlari Holding AS (TAVHY), the current Operating Margin % is 9.90% 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 TAV Havalimanlari Holding AS (TAVHY) Overvalued in 2026?
Based on GuruFocus' analysis, TAV Havalimanlari Holding AS stock appears to be undervalued.
The current stock price of $24.04 is trading 28.5% below its estimated GF Value™ of $33.61.
GuruFocus considers TAV Havalimanlari Holding AS to be Modestly Undervalued.
Key valuation signals for TAVHY:
Operating Margin %: 9.90% (51% below median its 10-year median of 20.22)
GF Value™: $33.61 vs. price of $24.04 (28.5% below fair value)
Industry Position: 34.5% above the Transportation median (#211 of 1007)
No single metric tells the full story. See the TAVHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TAV Havalimanlari Holding AS constructs, manages, and operates terminal buildings and the operation of terminals or airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operate terminal buildings and car parks. Ground handling, bus operations, and duty-free operations are the next segments. The company is headquartered in Turkey and derives the majority of its revenue domestically.
77GF Score
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