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NMS HoldingsTSE:2162 46 Operating Margin % is 2.51% as of Mar. 2026, which is 35% above its 10-year median of 1.86. GuruFocus rates TSE:2162 with a GF Score™ of 46/100 and a GF Value™ of 円335.22 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,479 Hardware companies, NMS Holdings ranks worse than 58.89% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. NMS Holdings's Operating Income for the
three
months ended in Mar. 2026 was 円502 Mil. NMS Holdings's Revenue for the
three
months ended in Mar. 2026 was 円20,032 Mil. Therefore, NMS Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 2.51%.
The historical rank and industry rank for NMS Holdings's Operating Margin % or its related term are showing as below:
TSE:2162'
s Operating Margin % Range Over the Past 10 Years
Min: -0.57 Med: 1.86 Max: 2.59
Current: 2.24
TSE:2162's Operating Margin % is ranked worse than 58.89% of 2479
companies
in the Hardware industry
Industry Median: 3.8
vs TSE:2162: 2.24
NMS Holdings's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
NMS Holdings's Operating Income for the
three
months ended in Mar. 2026 was 円502 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,695 Mil.
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.
NMS Holdings Operating Margin % Related Terms
NMS Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for NMS Holdings'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.
TSE:2162 vs APH, GLW: Operating Margin % Comparison
For the Electronic Components subindustry, NMS Holdings'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.
NMS Holdings Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, NMS Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where NMS Holdings'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.
NMS Holdings'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.
NMS Holdings (TSE:2162) has a Operating Margin % of 2.51% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on NMS Holdings and its competitors. This is 35% above median its historical median of 1.86. According to the industry distribution chart, NMS Holdings ranks #1460 out of 2479 companies in the Hardware industry, placing it in the top 58.9%.
Is NMS Holdings' Operating Margin % too high?
NMS Holdings' current Operating Margin % of 2.51% is 35% above median its 10-year median of 1.86. The Hardware industry median Operating Margin % is 3.80. NMS Holdings' value of 2.51% is 33.9% below this industry median. Based on the distribution chart, NMS Holdings ranks #1460 out of 2479 companies in the Hardware industry, which is below the industry midpoint. Overall, NMS Holdings has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NMS Holdings' Operating Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, NMS Holdings ranks #1460 out of 2479 companies for Operating Margin %. This places NMS Holdings in the lower half of its industry. The industry median Operating Margin % is 3.80. NMS Holdings' value of 2.51% is 33.9% below this benchmark. While the company's 10-year median is 1.86 vs. the industry median of 3.80, NMS Holdings has consistently been below 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.80, based on 2,479 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. NMS Holdings's current Operating Margin % of 2.51% is 33.9% below 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 NMS Holdings and its competitors. For the Hardware industry, the median Operating Margin % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMS Holdings's current Operating Margin % is 2.51%, which is 35% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMS Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMS Holdings (TSE:2162) is currently considered Significantly Overvalued. The stock's GF Value™ is 円335.22, compared to a current price of 円533.00 — trading 59% above its estimated fair value. The current Operating Margin % is 2.51%, which is 35% above median its 10-year median of 1.86 and 33.9% below the Hardware industry median of 3.80. NMS Holdings' overall GF Score™ is 46/100 with 9 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 NMS Holdings (TSE:2162), the current Operating Margin % is 2.51% 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 NMS Holdings (TSE:2162) Overvalued in 2026?
Based on GuruFocus' analysis, NMS Holdings stock appears to be overvalued.
The current stock price of 円533.00 is trading 59% above its estimated GF Value™ of 円335.22.
GuruFocus considers NMS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:2162:
Operating Margin %: 2.51% (35% above median its 10-year median of 1.86)
GF Value™: 円335.22 vs. price of 円533.00 (59% above fair value)
Industry Position: 33.9% below the Hardware median (#1460 of 2479)
No single metric tells the full story. See the TSE:2162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMS Holdings Corp is a Japan-based company. Its business activities are divided into four operating segments including Human resource solution business, Electronics manufacturing service (EMS) business, Vision ( neo EMS ), and Power supply business. The company offers staff members for contract manufacturing, engineer dispatch service, repairs and customer service. Its EMS business offers a wide range of services concerning board assembly through an integrated production process and firm management system. NMS also offers solutions for power supply and power supply-related products.
46GF Score
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