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.
Mitsubishi Estate Logistics REIT Investment Operating Margin % Related Terms
Mitsubishi Estate Logistics REIT Investment 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.
TSE:3481 vs PLD, PSA, EXR: Operating Margin % Comparison
For the REIT - Industrial subindustry, Mitsubishi Estate Logistics REIT Investment'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.
Mitsubishi Estate Logistics REIT Investment Operating Margin % vs REITs Industry
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.
Mitsubishi Estate Logistics REIT Investment (TSE:3481) has a Operating Margin % of 52.96% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Mitsubishi Estate Logistics REIT Investment and its competitors. This is near median its historical median of 52.81. Over the past decade, Mitsubishi Estate Logistics REIT Investment's Operating Margin % has ranged from 50.18 to 54.39. According to the industry distribution chart, Mitsubishi Estate Logistics REIT Investment ranks #375 out of 749 companies in the REITs industry, placing it in the top 50.1%.
Is Mitsubishi Estate Logistics REIT Investment's Operating Margin % too high?
Mitsubishi Estate Logistics REIT Investment's current Operating Margin % of 52.96% is near median its 10-year median of 52.81. Over the past 10 years, this metric has ranged from a low of 50.18 to a high of 54.39. The REITs industry median Operating Margin % is 52.71. Mitsubishi Estate Logistics REIT Investment's value of 52.96% is 0.5% above this industry median. Based on the distribution chart, Mitsubishi Estate Logistics REIT Investment ranks #375 out of 749 companies in the REITs industry, which is below the industry midpoint. Overall, Mitsubishi Estate Logistics REIT Investment has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Estate Logistics REIT Investment's Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Mitsubishi Estate Logistics REIT Investment ranks #375 out of 749 companies for Operating Margin %. This places Mitsubishi Estate Logistics REIT Investment in the lower half of its industry. The industry median Operating Margin % is 52.71. Mitsubishi Estate Logistics REIT Investment's value of 52.96% is 0.5% above this benchmark. Historically, Mitsubishi Estate Logistics REIT Investment's own Operating Margin % has ranged from 50.18 to 54.39 over the past decade. While the company's 10-year median is 52.81 vs. the industry median of 52.71, Mitsubishi Estate Logistics REIT Investment has consistently been above 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 52.71, based on 749 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. Mitsubishi Estate Logistics REIT Investment's current Operating Margin % of 52.96% is 0.5% above 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 Mitsubishi Estate Logistics REIT Investment and its competitors. For the REITs industry, the median Operating Margin % is 52.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Estate Logistics REIT Investment's current Operating Margin % is 52.96%, which is near median its own 10-year median of 52.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Estate Logistics REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Estate Logistics REIT Investment (TSE:3481) is currently considered Fairly Valued. The stock's GF Value™ is 円132,482.72, compared to a current price of 円120,600.00 — trading 9% below its estimated fair value. The current Operating Margin % is 52.96%, which is near median its 10-year median of 52.81 and 0.5% above the REITs industry median of 52.71. Mitsubishi Estate Logistics REIT Investment's overall GF Score™ is 74/100 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 Mitsubishi Estate Logistics REIT Investment (TSE:3481), the current Operating Margin % is 52.96% 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 Mitsubishi Estate Logistics REIT Investment (TSE:3481) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsubishi Estate Logistics REIT Investment stock appears to be undervalued.
The current stock price of 円120,600.00 is trading 9% below its estimated GF Value™ of 円132,482.72.
GuruFocus considers Mitsubishi Estate Logistics REIT Investment to be Fairly Valued.
Key valuation signals for TSE:3481:
Operating Margin %: 52.96% (near median its 10-year median of 52.81)
GF Value™: 円132,482.72 vs. price of 円120,600.00 (9% below fair value)
Industry Position: 0.5% above the REITs median (#375 of 749)
No single metric tells the full story. See the TSE:3481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsubishi Estate Logistics REIT Investment Business Description
Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties, mainly located in the Tokyo metropolitan area.
74GF Score
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