Base FoodTSE:2936 +0.73%60 Operating Margin % is 3.61% as of Feb. 2026. GuruFocus rates TSE:2936 with a GF Score™ of 60/100 and a GF Value™ of 円451.87 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,951 Consumer Packaged Goods companies, Base Food ranks worse than 71.71% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Base Food's Operating Income for the
six
months ended in Feb. 2026 was 円270 Mil. Base Food's Revenue for the
six
months ended in Feb. 2026 was 円7,497 Mil. Therefore, Base Food's Operating Margin % for the quarter that ended in Feb. 2026 was 3.61%.
The historical rank and industry rank for Base Food's Operating Margin % or its related term are showing as below:
TSE:2936'
s Operating Margin % Range Over the Past 10 Years
Min: -10.44 Med: -7.13 Max: 1.43
Current: 1.43
TSE:2936's Operating Margin % is ranked worse than 71.71% of 1951
companies
in the Consumer Packaged Goods industry
Industry Median: 5.26
vs TSE:2936: 1.43
Base Food's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Base Food's Operating Income for the
six
months ended in Feb. 2026 was 円270 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円217 Mil.
Warning Sign:
Base Food Inc has recorded a loss in operating income at least once over the past 3 years.
Base Food (TSE:2936) 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.
Base Food Operating Margin % Related Terms
Base Food Operating Margin % Historical Data
* Premium members only.
The historical data trend for Base Food'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:2936 vs KHC, GIS: Operating Margin % Comparison
For the Packaged Foods subindustry, Base Food'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.
Base Food Operating Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Base Food's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Base Food'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.
Base Food's Operating Margin % for the fiscal year that ended in Feb. 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.
Base Food (TSE:2936) has a Operating Margin % of 3.61% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Base Food and its competitors. According to the industry distribution chart, Base Food ranks #1399 out of 1951 companies in the Consumer Packaged Goods industry, placing it in the top 71.7%.
Is Base Food's Operating Margin % too high?
Base Food's current Operating Margin % is 3.61%. The Consumer Packaged Goods industry median Operating Margin % is 5.26. Base Food's value of 3.61% is 31.4% below this industry median. Based on the distribution chart, Base Food ranks #1399 out of 1951 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Base Food has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Base Food's Operating Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Base Food ranks #1399 out of 1951 companies for Operating Margin %. This places Base Food in the lower half of its industry. The industry median Operating Margin % is 5.26. Base Food's value of 3.61% is 31.4% below this benchmark. 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 Consumer Packaged Goods company?
The median Operating Margin % among Consumer Packaged Goods companies is 5.26, based on 1,951 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. Base Food's current Operating Margin % of 3.61% is 31.4% 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 Base Food and its competitors. For the Consumer Packaged Goods industry, the median Operating Margin % is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Base Food's current Operating Margin % is 3.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Base Food stock overvalued right now?
Based on GuruFocus' analysis, Base Food (TSE:2936) is currently considered Significantly Undervalued. The stock's GF Value™ is 円451.87, compared to a current price of 円275.00 — trading 39.1% below its estimated fair value. The current Operating Margin % is 3.61% and 31.4% below the Consumer Packaged Goods industry median of 5.26. Base Food's overall GF Score™ is 60/100 with 5 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 Base Food (TSE:2936), the current Operating Margin % is 3.61% as of Feb. 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 Base Food (TSE:2936) Overvalued in 2026?
Based on GuruFocus' analysis, Base Food stock appears to be undervalued.
The current stock price of 円275.00 is trading 39.1% below its estimated GF Value™ of 円451.87.
GuruFocus considers Base Food to be Significantly Undervalued.
Key valuation signals for TSE:2936:
Operating Margin %: 3.61%
GF Value™: 円451.87 vs. price of 円275.00 (39.1% below fair value)
Industry Position: 31.4% below the Consumer Packaged Goods median (#1399 of 1951)
No single metric tells the full story. See the TSE:2936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Base Food Inc is engaged in the development and sale of complete nutrition food. The company offers base bread, base pasta and base cookies related products.
60GF 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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