Operating Margin % is calculated as Operating Income divided by its Revenue. Vario Secure's Operating Income for the
six
months ended in Feb. 2026 was 円-11 Mil. Vario Secure's Revenue for the
six
months ended in Feb. 2026 was 円1,423 Mil. Therefore, Vario Secure's Operating Margin % for the quarter that ended in Feb. 2026 was -0.79%.
Warning Sign:
Vario Secure Inc operating margin has been in a 5-year decline. The average rate of decline per year is -24.4%.
The historical rank and industry rank for Vario Secure's Operating Margin % or its related term are showing as below:
TSE:4494'
s Operating Margin % Range Over the Past 10 Years
Min: 8.14 Med: 22.07 Max: 31.4
Current: 10.63
TSE:4494's Operating Margin % is ranked better than 71.12% of 2822
companies
in the Software industry
Industry Median: 3.885
vs TSE:4494: 10.63
Vario Secure's 5-Year Average Operating Margin % Growth Rate was -24.40% per year.
Vario Secure (TSE:4494) 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.
Vario Secure Operating Margin % Related Terms
Vario Secure Operating Margin % Historical Data
* Premium members only.
The historical data trend for Vario Secure'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:4494 vs MSFT, ORCL, PLTR: Operating Margin % Comparison
For the Software - Infrastructure subindustry, Vario Secure'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.
Vario Secure Operating Margin % vs Software Industry
For the Software industry and Technology sector, Vario Secure's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Vario Secure'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.
Vario Secure's Operating Margin % for the fiscal year that ended in Feb. 2026 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.
Vario Secure (TSE:4494) has a Operating Margin % of -0.79% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Vario Secure and its competitors. Over the past decade, Vario Secure's Operating Margin % has ranged from 8.14 to 31.40. According to the industry distribution chart, Vario Secure ranks #815 out of 2822 companies in the Software industry, placing it in the top 28.9%.
Is Vario Secure's Operating Margin % too high?
Vario Secure's current Operating Margin % is -0.79%. Over the past 10 years, this metric has ranged from a low of 8.14 to a high of 31.40. Based on the distribution chart, Vario Secure ranks #815 out of 2822 companies in the Software industry, which is above the industry midpoint. Overall, Vario Secure has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vario Secure's Operating Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Vario Secure ranks #815 out of 2822 companies for Operating Margin %. This puts Vario Secure in the upper half of its industry. The industry median Operating Margin % is 3.89. Historically, Vario Secure's own Operating Margin % has ranged from 8.14 to 31.40 over the past decade. 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 3.89, based on 2,822 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. 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 Vario Secure and its competitors. For the Software industry, the median Operating Margin % is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vario Secure's current Operating Margin % is -0.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vario Secure stock overvalued right now?
Based on GuruFocus' analysis, Vario Secure (TSE:4494) is currently considered Modestly Undervalued. The stock's GF Value™ is 円760.08, compared to a current price of 円680.00 — trading 10.5% below its estimated fair value. The current Operating Margin % is -0.79%. Vario Secure's overall GF Score™ is 50/100 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 Vario Secure (TSE:4494), the current Operating Margin % is -0.79% 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 Vario Secure (TSE:4494) Overvalued in 2026?
Based on GuruFocus' analysis, Vario Secure stock appears to be undervalued.
The current stock price of 円680.00 is trading 10.5% below its estimated GF Value™ of 円760.08.
GuruFocus considers Vario Secure to be Modestly Undervalued.
Key valuation signals for TSE:4494:
Operating Margin %: -0.79%
GF Value™: 円760.08 vs. price of 円680.00 (10.5% below fair value)
No single metric tells the full story. See the TSE:4494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vario Secure Inc is engaged in providing internet security services that protect the network environment of enterprises from various threats arising from internet usage, by utilizing its in-house developed security instruments and operating system. The company provides one-stop security services, from installation and implementation to operation, monitoring, and support, for small and medium-sized enterprises that struggle to spare dedicated personnel for IT issues, which are becoming increasingly sophisticated and complicated daily. The Company operates in a single segment, the Internet security services business.
50GF Score
Get the complete analysis for TSE:4494
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:4494 has been successfully added to your 
