Nomura Real Estate Master Fund (TSE:3462) 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.
Nomura Real Estate Master Fund Operating Margin % Related Terms
Nomura Real Estate Master Fund 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.
Nomura Real Estate Master Fund Operating Margin % Chart
TSE:3462 vs SPG, O, KIM: Operating Margin % Comparison
For the REIT - Retail subindustry, Nomura Real Estate Master Fund'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.
Nomura Real Estate Master Fund Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Master Fund's Operating Margin % falls into.
Nomura Real Estate Master Fund 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.
Nomura Real Estate Master Fund (TSE:3462) has a Operating Margin % of 38.50% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nomura Real Estate Master Fund and its competitors. This is near median its historical median of 39.84. Over the past decade, Nomura Real Estate Master Fund's Operating Margin % has ranged from 37.03 to 44.23. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #497 out of 750 companies in the REITs industry, placing it in the top 66.3%.
Is Nomura Real Estate Master Fund's Operating Margin % too high?
Nomura Real Estate Master Fund's current Operating Margin % of 38.50% is near median its 10-year median of 39.84. Over the past 10 years, this metric has ranged from a low of 37.03 to a high of 44.23. The REITs industry median Operating Margin % is 52.67. Nomura Real Estate Master Fund's value of 38.50% is 26.9% below this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #497 out of 750 companies in the REITs industry, which is below the industry midpoint. Overall, Nomura Real Estate Master Fund has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #497 out of 750 companies for Operating Margin %. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median Operating Margin % is 52.67. Nomura Real Estate Master Fund's value of 38.50% is 26.9% below this benchmark. Historically, Nomura Real Estate Master Fund's own Operating Margin % has ranged from 37.03 to 44.23 over the past decade. While the company's 10-year median is 39.84 vs. the industry median of 52.67, Nomura Real Estate Master Fund 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 52.67, based on 750 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. Nomura Real Estate Master Fund's current Operating Margin % of 38.50% is 26.9% 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 Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Operating Margin % is 38.50%, which is near median its own 10-year median of 39.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Real Estate Master Fund stock overvalued right now?
Based on GuruFocus' analysis, Nomura Real Estate Master Fund (TSE:3462) is currently considered Fairly Valued. The stock's GF Value™ is 円159,420.95, compared to a current price of 円149,600.00 — trading 6.2% below its estimated fair value. The current Operating Margin % is 38.50%, which is near median its 10-year median of 39.84 and 26.9% below the REITs industry median of 52.67. Nomura Real Estate Master Fund's overall GF Score™ is 57/100 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 Nomura Real Estate Master Fund (TSE:3462), the current Operating Margin % is 38.50% 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 Nomura Real Estate Master Fund (TSE:3462) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Real Estate Master Fund stock appears to be undervalued.
The current stock price of 円149,600.00 is trading 6.2% below its estimated GF Value™ of 円159,420.95.
GuruFocus considers Nomura Real Estate Master Fund to be Fairly Valued.
Key valuation signals for TSE:3462:
Operating Margin %: 38.50% (near median its 10-year median of 39.84)
GF Value™: 円159,420.95 vs. price of 円149,600.00 (6.2% below fair value)
Industry Position: 26.9% below the REITs median (#497 of 750)
No single metric tells the full story. See the TSE:3462 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nomura Real Estate Master Fund Business Description
Nomura Real Estate Master Fund Inc is a Japanese based company operates as a real estate investment trust. It is implementing medium- to long-term management Strategy, to achieve securing stable income over the medium to long term period, also ensures the steady growth of assets under management. The company invests in logistic facilities and commercial facilities in the Tokyo metropolitan area. It is managed by the fund manager Nomura Real Estate Asset Management Co Ltd.
57GF Score
Get the complete analysis for TSE:3462
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3462 has been successfully added to your 
