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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.
Activia Properties Operating Margin % Related Terms
Activia Properties Operating Margin % Historical Data
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The historical data trend for Activia Properties'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:3279 vs VICI, WPC: Operating Margin % Comparison
For the REIT - Diversified subindustry, Activia Properties'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.
Activia Properties Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Activia Properties's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Activia Properties'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.
Activia Properties's Operating Margin % for the fiscal year that ended in Nov. 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.
Activia Properties (TSE:3279) has a Operating Margin % of 51.74% as of Nov. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Activia Properties and its competitors. This is near median its historical median of 55.45. Over the past decade, Activia Properties' Operating Margin % has ranged from 51.16 to 57.31. According to the industry distribution chart, Activia Properties ranks #397 out of 746 companies in the REITs industry, placing it in the top 53.2%.
Is Activia Properties' Operating Margin % too high?
Activia Properties' current Operating Margin % of 51.74% is near median its 10-year median of 55.45. Over the past 10 years, this metric has ranged from a low of 51.16 to a high of 57.31. The REITs industry median Operating Margin % is 52.73. Activia Properties' value of 51.74% is 1.9% below this industry median. Based on the distribution chart, Activia Properties ranks #397 out of 746 companies in the REITs industry, which is below the industry midpoint. Overall, Activia Properties has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Activia Properties' Operating Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Activia Properties ranks #397 out of 746 companies for Operating Margin %. This places Activia Properties in the lower half of its industry. The industry median Operating Margin % is 52.73. Activia Properties' value of 51.74% is 1.9% below this benchmark. Historically, Activia Properties' own Operating Margin % has ranged from 51.16 to 57.31 over the past decade. While the company's 10-year median is 55.45 vs. the industry median of 52.73, Activia Properties 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 REITs company?
The median Operating Margin % among REITs companies is 52.73, based on 746 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. Activia Properties's current Operating Margin % of 51.74% is 1.9% 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 Activia Properties and its competitors. For the REITs industry, the median Operating Margin % is 52.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Activia Properties's current Operating Margin % is 51.74%, which is near median its own 10-year median of 55.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Activia Properties stock overvalued right now?
Based on GuruFocus' analysis, Activia Properties (TSE:3279) is currently considered Fairly Valued. The stock's GF Value™ is 円132,830.10, compared to a current price of 円136,700.00 — trading 2.9% above its estimated fair value. The current Operating Margin % is 51.74%, which is near median its 10-year median of 55.45 and 1.9% below the REITs industry median of 52.73. Activia Properties' overall GF Score™ is 69/100 with 10 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 Activia Properties (TSE:3279), the current Operating Margin % is 51.74% as of Nov. 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 Activia Properties (TSE:3279) Overvalued in 2026?
Based on GuruFocus' analysis, Activia Properties stock appears to be overvalued.
The current stock price of 円136,700.00 is trading 2.9% above its estimated GF Value™ of 円132,830.10.
GuruFocus considers Activia Properties to be Fairly Valued.
Key valuation signals for TSE:3279:
Operating Margin %: 51.74% (near median its 10-year median of 55.45)
GF Value™: 円132,830.10 vs. price of 円136,700.00 (2.9% above fair value)
Industry Position: 1.9% below the REITs median (#397 of 746)
No single metric tells the full story. See the TSE:3279 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. The majority of these properties are either urban retail units near train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.
69GF Score
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