Saibo Co (TSE:3123) Operating Margin %: 3.86% (As of Mar. 2026) — 57% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3123 Saibo Co Ltd TSE:3123
66 GF Score
Price 円638.00
GF Value 円504.23
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Saibo Co Operating Margin %?

Saibo Co TSE:3123 +0.63% 66 Operating Margin % is 3.86% as of Mar. 2026, which is 57% below its 10-year median of 9.03. GuruFocus rates TSE:3123 with a GF Score™ of 66/100 and a GF Value™ of 円504.23 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,040 Manufacturing - Apparel & Accessories companies, Saibo Co ranks better than 74.81% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Saibo Co's Operating Income for the three months ended in Mar. 2026 was 円97 Mil. Saibo Co's Revenue for the three months ended in Mar. 2026 was 円2,526 Mil. Therefore, Saibo Co's Operating Margin % for the quarter that ended in Mar. 2026 was 3.86%.

Warning Sign:

Saibo Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.7%.

The historical rank and industry rank for Saibo Co's Operating Margin % or its related term are showing as below:

TSE:3123' s Operating Margin % Range Over the Past 10 Years
Min: -2.14   Med: 9.03   Max: 10.84
Current: 9.59


TSE:3123's Operating Margin % is ranked better than
74.81% of 1040 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.215 vs TSE:3123: 9.59

Saibo Co's 5-Year Average Operating Margin % Growth Rate was -1.70% per year.

Saibo Co's Operating Income for the three months ended in Mar. 2026 was 円97 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円992 Mil.


Saibo Co  (TSE:3123) 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 Nokia’s 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.


Saibo Co Operating Margin % Related Terms


Saibo Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Saibo Co'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.

Saibo Co Operating Margin % Chart

Saibo Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.21 10.73 8.64 7.83 9.59

Saibo Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 12.21 12.59 9.25 3.86

Saibo Co Operating Margin % Competitor Comparison

For the Textile Manufacturing subindustry, Saibo Co'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.


Saibo Co Operating Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Saibo Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Saibo Co's Operating Margin % falls into.


TSE:3123
66GF Score
Saibo Co Ltd TSE:3123
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saibo Co 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.

Saibo Co's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=992.046 / 10349.902
=9.59 %

Saibo Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=97.47 / 2525.502
=3.86 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 3.86% mean?
Saibo Co (TSE:3123) has a Operating Margin % of 3.86% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Saibo Co and its competitors. This is 57% below median its historical median of 9.03. According to the industry distribution chart, Saibo Co ranks #262 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 25.2%.
Is Saibo Co's Operating Margin % too high?
Saibo Co's current Operating Margin % of 3.86% is 57% below median its 10-year median of 9.03. The Manufacturing - Apparel & Accessories industry median Operating Margin % is 4.22. Saibo Co's value of 3.86% is 8.4% below this industry median. Based on the distribution chart, Saibo Co ranks #262 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Saibo Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saibo Co's Operating Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Saibo Co ranks #262 out of 1040 companies for Operating Margin %. This puts Saibo Co in the upper half of its industry. The industry median Operating Margin % is 4.22. Saibo Co's value of 3.86% is 8.4% below this benchmark. While the company's 10-year median is 9.03 vs. the industry median of 4.22, Saibo Co 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.22, based on 1,040 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. Saibo Co's current Operating Margin % of 3.86% is 8.4% 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 Saibo Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saibo Co's current Operating Margin % is 3.86%, which is 57% below median its own 10-year median of 9.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saibo Co stock overvalued right now?
Based on GuruFocus' analysis, Saibo Co (TSE:3123) is currently considered Modestly Overvalued. The stock's GF Value™ is 円504.23, compared to a current price of 円638.00 — trading 26.5% above its estimated fair value. The current Operating Margin % is 3.86%, which is 57% below median its 10-year median of 9.03 and 8.4% below the Manufacturing - Apparel & Accessories industry median of 4.22. Saibo Co's overall GF Score™ is 66/100 with 6 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 Saibo Co (TSE:3123), the current Operating Margin % is 3.86% 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 Saibo Co (TSE:3123) Overvalued in 2026?

Based on GuruFocus' analysis, Saibo Co stock appears to be overvalued. The current stock price of 円638.00 is trading 26.5% above its estimated GF Value™ of 円504.23. GuruFocus considers Saibo Co to be Modestly Overvalued.

Key valuation signals for TSE:3123:

  • Operating Margin %: 3.86% (57% below median its 10-year median of 9.03)
  • GF Value™: 円504.23 vs. price of 円638.00 (26.5% above fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 8.4% below the Manufacturing - Apparel & Accessories median (#262 of 1040)

No single metric tells the full story. See the TSE:3123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saibo Co Business Description

Address 1-1-70 Maekawa, Kawaguchi City, Saitama, JPN, 333-0842
Saibo Co Ltd is a Japan-based company engages in the manufacture and sale of textile products. It is also engaged in the leasing of real estate business.
66GF Score

Get the complete analysis for TSE:3123

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円638.00
Price
円504.23
GF Value