DKK-TOATSE:6848 +0.12%76 Operating Margin % is 2.20% as of Mar. 2026, which is 79% below its 10-year median of 10.56. GuruFocus rates TSE:6848 with a GF Score™ of 76/100 and a GF Value™ of 円867.68 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,479 Hardware companies, DKK-TOA ranks worse than 56.03% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. DKK-TOA's Operating Income for the
three
months ended in Mar. 2026 was 円111 Mil. DKK-TOA's Revenue for the
three
months ended in Mar. 2026 was 円5,051 Mil. Therefore, DKK-TOA's Operating Margin % for the quarter that ended in Mar. 2026 was 2.20%.
Warning Sign:
DKK-TOA Corp operating margin has been in a 5-year decline. The average rate of decline per year is -21.7%.
The historical rank and industry rank for DKK-TOA's Operating Margin % or its related term are showing as below:
TSE:6848'
s Operating Margin % Range Over the Past 10 Years
Min: 2.73 Med: 10.56 Max: 11.65
Current: 2.73
TSE:6848's Operating Margin % is ranked worse than 56.03% of 2479
companies
in the Hardware industry
Industry Median: 3.8
vs TSE:6848: 2.73
DKK-TOA's 5-Year Average Operating Margin % Growth Rate was -21.70% per year.
DKK-TOA's Operating Income for the
three
months ended in Mar. 2026 was 円111 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円486 Mil.
DKK-TOA (TSE:6848) 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.
DKK-TOA Operating Margin % Related Terms
DKK-TOA Operating Margin % Historical Data
* Premium members only.
The historical data trend for DKK-TOA'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:6848 vs COHR, KEYS, GRMN: Operating Margin % Comparison
For the Scientific & Technical Instruments subindustry, DKK-TOA'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.
DKK-TOA Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, DKK-TOA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where DKK-TOA'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.
DKK-TOA's Operating Margin % for the fiscal year that ended in Mar. 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.
DKK-TOA (TSE:6848) has a Operating Margin % of 2.20% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on DKK-TOA and its competitors. This is 79% below median its historical median of 10.56. Over the past decade, DKK-TOA's Operating Margin % has ranged from 2.73 to 11.65. According to the industry distribution chart, DKK-TOA ranks #1389 out of 2479 companies in the Hardware industry, placing it in the top 56%.
Is DKK-TOA's Operating Margin % too high?
DKK-TOA's current Operating Margin % of 2.20% is 79% below median its 10-year median of 10.56. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 11.65. The Hardware industry median Operating Margin % is 3.80. DKK-TOA's value of 2.20% is 42.1% below this industry median. Based on the distribution chart, DKK-TOA ranks #1389 out of 2479 companies in the Hardware industry, which is below the industry midpoint. Overall, DKK-TOA has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKK-TOA's Operating Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, DKK-TOA ranks #1389 out of 2479 companies for Operating Margin %. This places DKK-TOA in the lower half of its industry. The industry median Operating Margin % is 3.80. DKK-TOA's value of 2.20% is 42.1% below this benchmark. Historically, DKK-TOA's own Operating Margin % has ranged from 2.73 to 11.65 over the past decade. While the company's 10-year median is 10.56 vs. the industry median of 3.80, DKK-TOA 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.80, based on 2,479 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. DKK-TOA's current Operating Margin % of 2.20% is 42.1% 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 DKK-TOA and its competitors. For the Hardware industry, the median Operating Margin % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DKK-TOA's current Operating Margin % is 2.20%, which is 79% below median its own 10-year median of 10.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKK-TOA stock overvalued right now?
Based on GuruFocus' analysis, DKK-TOA (TSE:6848) is currently considered Fairly Valued. The stock's GF Value™ is 円867.68, compared to a current price of 円851.00 — trading 1.9% below its estimated fair value. The current Operating Margin % is 2.20%, which is 79% below median its 10-year median of 10.56 and 42.1% below the Hardware industry median of 3.80. DKK-TOA's overall GF Score™ is 76/100 with 7 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 DKK-TOA (TSE:6848), the current Operating Margin % is 2.20% as of Mar. 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 DKK-TOA (TSE:6848) Overvalued in 2026?
Based on GuruFocus' analysis, DKK-TOA stock appears to be undervalued.
The current stock price of 円851.00 is trading 1.9% below its estimated GF Value™ of 円867.68.
GuruFocus considers DKK-TOA to be Fairly Valued.
Key valuation signals for TSE:6848:
Operating Margin %: 2.20% (79% below median its 10-year median of 10.56)
GF Value™: 円867.68 vs. price of 円851.00 (1.9% below fair value)
Industry Position: 42.1% below the Hardware median (#1389 of 2479)
No single metric tells the full story. See the TSE:6848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DKK-TOA Corp engages in the manufacture and sale of analytical and various measuring instruments. It also manufactures and sells toxic and deleterious agents and reagents, and accepts contracts for instrumentation, electrical and telecommunications works. The company offers analytical instruments, such as laboratory analyzers, portable and handheld analyzers, and EOL products; and industrial, environmental, medical, and other measuring and analytical instruments. It also provides process analyzers; analyzers for water and waste water treatment, boiler water applications, and oil refineries; water quality analyzers/systems and ambient air/emission gas analyzers; and pH measurement and oxidation-reduction potential measurement products.
76GF Score
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