ZETT (TSE:8135) Operating Margin %: 2.48% (As of Mar. 2026) — 88% Above Median


TSE:8135 ZETT Corp TSE:8135
78 GF Score
Price 円420.00
GF Value 円400.41
Valuation Fairly Valued
! 3 Warning Signs
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What is ZETT Operating Margin %?

ZETT TSE:8135 +0.96% 78 Operating Margin % is 2.48% as of Mar. 2026, which is 88% above its 10-year median of 1.32. GuruFocus rates TSE:8135 with a GF Score™ of 78/100 and a GF Value™ of 円400.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 844 Travel & Leisure companies, ZETT ranks worse than 68.13% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. ZETT's Operating Income for the six months ended in Mar. 2026 was 円733 Mil. ZETT's Revenue for the six months ended in Mar. 2026 was 円29,509 Mil. Therefore, ZETT's Operating Margin % for the quarter that ended in Mar. 2026 was 2.48%.

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

TSE:8135' s Operating Margin % Range Over the Past 10 Years
Min: -0.34   Med: 1.32   Max: 2.14
Current: 2.14


TSE:8135's Operating Margin % is ranked worse than
68.13% of 844 companies
in the Travel & Leisure industry
Industry Median: 8.135 vs TSE:8135: 2.14

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

ZETT's Operating Income for the six months ended in Mar. 2026 was 円733 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,255 Mil.


ZETT  (TSE:8135) 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.


ZETT Operating Margin % Related Terms


ZETT Operating Margin % Historical Data

* Premium members only.

The historical data trend for ZETT'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.

ZETT Operating Margin % Chart

ZETT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 2.01 1.69 1.94 2.14

ZETT Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only 1.00 2.14 1.75 1.79 2.48

TSE:8135 vs AS, HAS, LTH: Operating Margin % Comparison

For the Leisure subindustry, ZETT'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.


ZETT Operating Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ZETT's Operating Margin % distribution charts can be found below:

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


TSE:8135
78GF Score
ZETT Corp TSE:8135
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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ZETT 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.

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

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=1255 / 58655
=2.14 %

ZETT's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=733 / 29509
=2.48 %

* 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 2.48% mean?
ZETT (TSE:8135) has a Operating Margin % of 2.48% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on ZETT and its competitors. This is 88% above median its historical median of 1.32. According to the industry distribution chart, ZETT ranks #575 out of 844 companies in the Travel & Leisure industry, placing it in the top 68.1%.
Is ZETT's Operating Margin % too high?
ZETT's current Operating Margin % of 2.48% is 88% above median its 10-year median of 1.32. The Travel & Leisure industry median Operating Margin % is 8.14. ZETT's value of 2.48% is 69.5% below this industry median. Based on the distribution chart, ZETT ranks #575 out of 844 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, ZETT has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ZETT's Operating Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, ZETT ranks #575 out of 844 companies for Operating Margin %. This places ZETT in the lower half of its industry. The industry median Operating Margin % is 8.14. ZETT's value of 2.48% is 69.5% below this benchmark. While the company's 10-year median is 1.32 vs. the industry median of 8.14, ZETT 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 Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.14, based on 844 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. ZETT's current Operating Margin % of 2.48% is 69.5% 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 ZETT and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZETT's current Operating Margin % is 2.48%, which is 88% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZETT stock overvalued right now?
Based on GuruFocus' analysis, ZETT (TSE:8135) is currently considered Fairly Valued. The stock's GF Value™ is 円400.41, compared to a current price of 円420.00 — trading 4.9% above its estimated fair value. The current Operating Margin % is 2.48%, which is 88% above median its 10-year median of 1.32 and 69.5% below the Travel & Leisure industry median of 8.14. ZETT's overall GF Score™ is 78/100 with 3 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 ZETT (TSE:8135), the current Operating Margin % is 2.48% 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 ZETT (TSE:8135) Overvalued in 2026?

Based on GuruFocus' analysis, ZETT stock appears to be overvalued. The current stock price of 円420.00 is trading 4.9% above its estimated GF Value™ of 円400.41. GuruFocus considers ZETT to be Fairly Valued.

Key valuation signals for TSE:8135:

  • Operating Margin %: 2.48% (88% above median its 10-year median of 1.32)
  • GF Value™: 円400.41 vs. price of 円420.00 (4.9% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 69.5% below the Travel & Leisure median (#575 of 844)

No single metric tells the full story. See the TSE:8135 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZETT Business Description

Address 1-2-16 Uragashida, Tennoji Ward, Osaka, JPN, 443 8601
ZETT Corp is a Japanese company engaged in the production, sales, import, and export of sporting goods.
78GF Score

Get the complete analysis for TSE:8135

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

円420.00
Price
円400.41
GF Value