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Nomura System CoTSE:3940 -1.54%71 Operating Margin % is 12.78% as of Jun. 2026, which is 18% below its 10-year median of 15.55. GuruFocus rates TSE:3940 with a GF Score™ of 71/100 and a GF Value™ of 円132.53 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,827 Software companies, Nomura System Co ranks better than 81.04% on this metric.
Nomura System Co (TSE:3940) 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 System Co Operating Margin % Related Terms
Nomura System Co Operating Margin % Historical Data
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The historical data trend for Nomura System 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.
TSE:3940 vs IBM, ACN, FISV: Operating Margin % Comparison
For the Information Technology Services subindustry, Nomura System 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.
Nomura System Co Operating Margin % vs Software Industry
For the Software industry and Technology sector, Nomura System Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Nomura System Co'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.
Nomura System Co's Operating Margin % for the fiscal year that ended in Dec. 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.
Nomura System Co (TSE:3940) has a Operating Margin % of 12.78% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nomura System Co and its competitors. This is 18% below median its historical median of 15.55. Over the past decade, Nomura System Co's Operating Margin % has ranged from 12.80 to 17.66. According to the industry distribution chart, Nomura System Co ranks #536 out of 2827 companies in the Software industry, placing it in the top 19%.
Is Nomura System Co's Operating Margin % too high?
Nomura System Co's current Operating Margin % of 12.78% is 18% below median its 10-year median of 15.55. Over the past 10 years, this metric has ranged from a low of 12.80 to a high of 17.66. The Software industry median Operating Margin % is 4.04. Nomura System Co's value of 12.78% is 216.3% above this industry median. Based on the distribution chart, Nomura System Co ranks #536 out of 2827 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Nomura System Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nomura System Co's Operating Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Nomura System Co ranks #536 out of 2827 companies for Operating Margin %. This places Nomura System Co in the top 19% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 4.04. Nomura System Co's value of 12.78% is 216.3% above this benchmark. Historically, Nomura System Co's own Operating Margin % has ranged from 12.80 to 17.66 over the past decade. While the company's 10-year median is 15.55 vs. the industry median of 4.04, Nomura System Co 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 Software company?
The median Operating Margin % among Software companies is 4.04, based on 2,827 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 System Co's current Operating Margin % of 12.78% is 216.3% 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 Nomura System Co and its competitors. For the Software industry, the median Operating Margin % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura System Co's current Operating Margin % is 12.78%, which is 18% below median its own 10-year median of 15.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura System Co stock overvalued right now?
Based on GuruFocus' analysis, Nomura System Co (TSE:3940) is currently considered Fairly Valued. The stock's GF Value™ is 円132.53, compared to a current price of 円128.00 — trading 3.4% below its estimated fair value. The current Operating Margin % is 12.78%, which is 18% below median its 10-year median of 15.55 and 216.3% above the Software industry median of 4.04. Nomura System Co's overall GF Score™ is 71/100 with 1 warning sign 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 System Co (TSE:3940), the current Operating Margin % is 12.78% as of Jun. 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 System Co (TSE:3940) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura System Co stock appears to be undervalued.
The current stock price of 円128.00 is trading 3.4% below its estimated GF Value™ of 円132.53.
GuruFocus considers Nomura System Co to be Fairly Valued.
Key valuation signals for TSE:3940:
Operating Margin %: 12.78% (18% below median its 10-year median of 15.55)
GF Value™: 円132.53 vs. price of 円128.00 (3.4% below fair value)
Industry Position: 216.3% above the Software median (#536 of 2827)
No single metric tells the full story. See the TSE:3940 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nomura System Corporation Co Ltd provides Erp Consultancy service and Network Consulting Service. It provides AP introduction consulting, SAP maintenance support center administration, RPA/AI consulting and Web system development consulting service.
71GF Score
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