Copa (TSE:7689) Operating Margin %: -34.04% (As of Feb. 2026)

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:7689 Copa Corp Inc TSE:7689
51 GF Score
Price 円303.00
GF Value 円427.23
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Copa Operating Margin %?

Copa TSE:7689 +2.36% 51 Operating Margin % is -34.04% as of Feb. 2026. GuruFocus rates TSE:7689 with a GF Score™ of 51/100 and a GF Value™ of 円427.23 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,013 Media - Diversified companies, Copa ranks worse than 78.97% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Copa's Operating Income for the six months ended in Feb. 2026 was 円-219 Mil. Copa's Revenue for the six months ended in Feb. 2026 was 円643 Mil. Therefore, Copa's Operating Margin % for the quarter that ended in Feb. 2026 was -34.04%.

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

TSE:7689' s Operating Margin % Range Over the Past 10 Years
Min: -16.83   Med: 2.57   Max: 15.39
Current: -15.24


TSE:7689's Operating Margin % is ranked worse than
78.97% of 1013 companies
in the Media - Diversified industry
Industry Median: 2.42 vs TSE:7689: -15.24

Copa's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Copa's Operating Income for the six months ended in Feb. 2026 was 円-219 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円-271 Mil.


Copa  (TSE:7689) 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.


Copa Operating Margin % Related Terms


Copa Operating Margin % Historical Data

* Premium members only.

The historical data trend for Copa'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.

Copa Operating Margin % Chart

Copa Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Feb23 Feb24 Feb25 Feb26
Operating Margin %
Get a 7-Day Free Trial 13.84 -4.53 -16.83 -13.73 -15.24

Copa Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 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 -30.74 -5.06 -27.71 -4.59 -34.04

TSE:7689 vs APP, OMC, TTD: Operating Margin % Comparison

For the Advertising Agencies subindustry, Copa'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.


Copa Operating Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Copa's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Copa's Operating Margin % falls into.


TSE:7689
51GF Score
Copa Corp Inc TSE:7689
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Copa 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.

Copa's Operating Margin % for the fiscal year that ended in Feb. 2026 is calculated as

Operating Margin %=Operating Income (A: Feb. 2026 ) / Revenue (A: Feb. 2026 )
=-271.138 / 1779.529
=-15.24 %

Copa'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 )
=-218.986 / 643.261
=-34.04 %

* 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 -34.04% mean?
Copa (TSE:7689) has a Operating Margin % of -34.04% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Copa and its competitors. According to the industry distribution chart, Copa ranks #800 out of 1013 companies in the Media - Diversified industry, placing it in the top 79%.
Is Copa's Operating Margin % too high?
Copa's current Operating Margin % is -34.04%. Based on the distribution chart, Copa ranks #800 out of 1013 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Copa has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Copa's Operating Margin % compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Copa ranks #800 out of 1013 companies for Operating Margin %. This places Copa in the lower half of its industry. The industry median Operating Margin % is 2.42. 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 Media - Diversified company?
The median Operating Margin % among Media - Diversified companies is 2.42, based on 1,013 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 Copa and its competitors. For the Media - Diversified industry, the median Operating Margin % is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Copa's current Operating Margin % is -34.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copa stock overvalued right now?
Based on GuruFocus' analysis, Copa (TSE:7689) is currently considered Modestly Undervalued. The stock's GF Value™ is 円427.23, compared to a current price of 円303.00 — trading 29.1% below its estimated fair value. The current Operating Margin % is -34.04%. Copa's overall GF Score™ is 51/100 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 Copa (TSE:7689), the current Operating Margin % is -34.04% 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 Copa (TSE:7689) Overvalued in 2026?

Based on GuruFocus' analysis, Copa stock appears to be undervalued. The current stock price of 円303.00 is trading 29.1% below its estimated GF Value™ of 円427.23. GuruFocus considers Copa to be Modestly Undervalued.

Key valuation signals for TSE:7689:

  • Operating Margin %: -34.04%
  • GF Value™: 円427.23 vs. price of 円303.00 (29.1% below fair value)
  • GF Score™: 51/100 with 1 warning sign

No single metric tells the full story. See the TSE:7689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Copa Business Description

Address 2-23-7 Ebisu Minami, Ebisu Park Hills 6th Floor, Shibuya-ku, Tokyo, JPN, 150-0022
Copa Corp Inc is engaged in demonstration sales and wholesale of products, television mail order appearances, online mail order sales, demonstration sales of school courses and temporary staffing, and sales consulting and sales promotion.
51GF Score

Get the complete analysis for TSE:7689

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

円303.00
Price
円427.23
GF Value