MIRARTH Real Estate Investment (TSE:3492) Operating Margin %: 59.71% (As of Feb. 2026) — Near 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:3492 MIRARTH Real Estate Investment Corp TSE:3492
51 GF Score
Price 円82,800.00
GF Value 円103,806.55
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is MIRARTH Real Estate Investment Operating Margin %?

MIRARTH Real Estate Investment TSE:3492 -0.24% 51 Operating Margin % is 59.71% as of Feb. 2026, which is 1% above its 10-year median of 59.11. GuruFocus rates TSE:3492 with a GF Score™ of 51/100 and a GF Value™ of 円103,806.55 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 746 REITs companies, MIRARTH Real Estate Investment ranks better than 62.73% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. MIRARTH Real Estate Investment's Operating Income for the six months ended in Feb. 2026 was 円3,321 Mil. MIRARTH Real Estate Investment's Revenue for the six months ended in Feb. 2026 was 円5,562 Mil. Therefore, MIRARTH Real Estate Investment's Operating Margin % for the quarter that ended in Feb. 2026 was 59.71%.

Good Sign:

MIRARTH Real Estate Investment Corp operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for MIRARTH Real Estate Investment's Operating Margin % or its related term are showing as below:

TSE:3492' s Operating Margin % Range Over the Past 10 Years
Min: 53.15   Med: 59.11   Max: 61.56
Current: 60.58


TSE:3492's Operating Margin % is ranked better than
62.73% of 746 companies
in the REITs industry
Industry Median: 52.725 vs TSE:3492: 60.58

MIRARTH Real Estate Investment's 5-Year Average Operating Margin % Growth Rate was 0.20% per year.

MIRARTH Real Estate Investment's Operating Income for the six months ended in Feb. 2026 was 円3,321 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円6,759 Mil.


MIRARTH Real Estate Investment  (TSE:3492) 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.


MIRARTH Real Estate Investment Operating Margin % Related Terms


MIRARTH Real Estate Investment Operating Margin % Historical Data

* Premium members only.

The historical data trend for MIRARTH Real Estate Investment'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.

MIRARTH Real Estate Investment Operating Margin % Chart

MIRARTH Real Estate Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Margin %
Get a 7-Day Free Trial 59.75 55.31 58.02 58.47 61.56

MIRARTH Real Estate Investment Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 58.17 58.74 61.69 61.43 59.71

TSE:3492 vs VICI, WPC: Operating Margin % Comparison

For the REIT - Diversified subindustry, MIRARTH Real Estate 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.


MIRARTH Real Estate Investment Operating Margin % vs REITs Industry

For the REITs industry and Real Estate sector, MIRARTH Real Estate Investment's Operating Margin % distribution charts can be found below:

* The bar in red indicates where MIRARTH Real Estate Investment's Operating Margin % falls into.


TSE:3492
51GF Score
MIRARTH Real Estate Investment Corp TSE:3492
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MIRARTH Real Estate Investment 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.

MIRARTH Real Estate Investment's Operating Margin % for the fiscal year that ended in Aug. 2025 is calculated as

Operating Margin %=Operating Income (A: Aug. 2025 ) / Revenue (A: Aug. 2025 )
=6729.102 / 10930.829
=61.56 %

MIRARTH Real Estate Investment's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as

Operating Margin %=Operating Income (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=3321.406 / 5562.26
=59.71 %

* 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 59.71% mean?
MIRARTH Real Estate Investment (TSE:3492) has a Operating Margin % of 59.71% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on MIRARTH Real Estate Investment and its competitors. This is near median its historical median of 59.11. Over the past decade, MIRARTH Real Estate Investment's Operating Margin % has ranged from 53.15 to 61.56. According to the industry distribution chart, MIRARTH Real Estate Investment ranks #278 out of 746 companies in the REITs industry, placing it in the top 37.3%.
Is MIRARTH Real Estate Investment's Operating Margin % too high?
MIRARTH Real Estate Investment's current Operating Margin % of 59.71% is near median its 10-year median of 59.11. Over the past 10 years, this metric has ranged from a low of 53.15 to a high of 61.56. The REITs industry median Operating Margin % is 52.73. MIRARTH Real Estate Investment's value of 59.71% is 13.2% above this industry median. Based on the distribution chart, MIRARTH Real Estate Investment ranks #278 out of 746 companies in the REITs industry, which is above the industry midpoint. Overall, MIRARTH Real Estate Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's Operating Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, MIRARTH Real Estate Investment ranks #278 out of 746 companies for Operating Margin %. This puts MIRARTH Real Estate Investment in the upper half of its industry. The industry median Operating Margin % is 52.73. MIRARTH Real Estate Investment's value of 59.71% is 13.2% above this benchmark. Historically, MIRARTH Real Estate Investment's own Operating Margin % has ranged from 53.15 to 61.56 over the past decade. While the company's 10-year median is 59.11 vs. the industry median of 52.73, MIRARTH Real Estate 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 52.73, 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. MIRARTH Real Estate Investment's current Operating Margin % of 59.71% is 13.2% 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 MIRARTH Real Estate Investment 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. MIRARTH Real Estate Investment's current Operating Margin % is 59.71%, which is near median its own 10-year median of 59.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円103,806.55, compared to a current price of 円82,800.00 — trading 20.2% below its estimated fair value. The current Operating Margin % is 59.71%, which is near median its 10-year median of 59.11 and 13.2% above the REITs industry median of 52.73. MIRARTH Real Estate Investment's overall GF Score™ is 51/100 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 MIRARTH Real Estate Investment (TSE:3492), the current Operating Margin % is 59.71% 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 MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?

Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued. The current stock price of 円82,800.00 is trading 20.2% below its estimated GF Value™ of 円103,806.55. GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.

Key valuation signals for TSE:3492:

  • Operating Margin %: 59.71% (near median its 10-year median of 59.11)
  • GF Value™: 円103,806.55 vs. price of 円82,800.00 (20.2% below fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 13.2% above the REITs median (#278 of 746)

No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MIRARTH Real Estate Investment Business Description

Industry Real EstateREITs
Address 2-2-1 Otemachi, Shin-Otemachi Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 107-0052
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
51GF Score

Get the complete analysis for TSE:3492

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

円82,800.00
Price
円103,806.55
GF Value