Airport Facilities Co (TSE:8864) Operating Margin %: 17.02% (As of Mar. 2026) — Near Median


TSE:8864 Airport Facilities Co Ltd TSE:8864
81 GF Score
Price 円929.00
GF Value 円870.33
Valuation Fairly Valued
! 2 Warning Signs
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What is Airport Facilities Co Operating Margin %?

Airport Facilities Co TSE:8864 +1.20% 81 Operating Margin % is 17.02% as of Mar. 2026, which is 4% above its 10-year median of 16.35. GuruFocus rates TSE:8864 with a GF Score™ of 81/100 and a GF Value™ of 円870.33 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,745 Real Estate companies, Airport Facilities Co ranks better than 58.8% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Airport Facilities Co's Operating Income for the six months ended in Mar. 2026 was 円3,340 Mil. Airport Facilities Co's Revenue for the six months ended in Mar. 2026 was 円19,622 Mil. Therefore, Airport Facilities Co's Operating Margin % for the quarter that ended in Mar. 2026 was 17.02%.

Good Sign:

Airport Facilities Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

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

TSE:8864' s Operating Margin % Range Over the Past 10 Years
Min: 9.81   Med: 16.35   Max: 18.28
Current: 18.28


TSE:8864's Operating Margin % is ranked better than
58.8% of 1745 companies
in the Real Estate industry
Industry Median: 13.21 vs TSE:8864: 18.28

Airport Facilities Co's 5-Year Average Operating Margin % Growth Rate was 3.10% per year.

Airport Facilities Co's Operating Income for the six months ended in Mar. 2026 was 円3,340 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円6,724 Mil.


Airport Facilities Co  (TSE:8864) 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.


Airport Facilities Co Operating Margin % Related Terms


Airport Facilities Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Airport Facilities 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.

Airport Facilities Co Operating Margin % Chart

Airport Facilities Co 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 13.80 9.81 12.27 14.38 18.28

Airport Facilities Co 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 9.79 17.95 11.42 19.71 17.02

TSE:8864 vs CBRE, BEKE: Operating Margin % Comparison

For the Real Estate Services subindustry, Airport Facilities 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.


Airport Facilities Co Operating Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Airport Facilities Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Airport Facilities Co's Operating Margin % falls into.


TSE:8864
81GF Score
Airport Facilities Co Ltd TSE:8864
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Airport Facilities Co 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.

Airport Facilities Co'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 )
=6724 / 36792
=18.28 %

Airport Facilities Co'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 )
=3340 / 19622
=17.02 %

* 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 17.02% mean?
Airport Facilities Co (TSE:8864) has a Operating Margin % of 17.02% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Airport Facilities Co and its competitors. This is near median its historical median of 16.35. Over the past decade, Airport Facilities Co's Operating Margin % has ranged from 9.81 to 18.28. According to the industry distribution chart, Airport Facilities Co ranks #719 out of 1745 companies in the Real Estate industry, placing it in the top 41.2%.
Is Airport Facilities Co's Operating Margin % too high?
Airport Facilities Co's current Operating Margin % of 17.02% is near median its 10-year median of 16.35. Over the past 10 years, this metric has ranged from a low of 9.81 to a high of 18.28. The Real Estate industry median Operating Margin % is 13.21. Airport Facilities Co's value of 17.02% is 28.8% above this industry median. Based on the distribution chart, Airport Facilities Co ranks #719 out of 1745 companies in the Real Estate industry, which is above the industry midpoint. Overall, Airport Facilities Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Airport Facilities Co's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Airport Facilities Co ranks #719 out of 1745 companies for Operating Margin %. This puts Airport Facilities Co in the upper half of its industry. The industry median Operating Margin % is 13.21. Airport Facilities Co's value of 17.02% is 28.8% above this benchmark. Historically, Airport Facilities Co's own Operating Margin % has ranged from 9.81 to 18.28 over the past decade. While the company's 10-year median is 16.35 vs. the industry median of 13.21, Airport Facilities 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 13.21, based on 1,745 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. Airport Facilities Co's current Operating Margin % of 17.02% is 28.8% 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 Airport Facilities Co and its competitors. For the Real Estate industry, the median Operating Margin % is 13.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airport Facilities Co's current Operating Margin % is 17.02%, which is near median its own 10-year median of 16.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airport Facilities Co stock overvalued right now?
Based on GuruFocus' analysis, Airport Facilities Co (TSE:8864) is currently considered Fairly Valued. The stock's GF Value™ is 円870.33, compared to a current price of 円929.00 — trading 6.7% above its estimated fair value. The current Operating Margin % is 17.02%, which is near median its 10-year median of 16.35 and 28.8% above the Real Estate industry median of 13.21. Airport Facilities Co's overall GF Score™ is 81/100 with 2 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 Airport Facilities Co (TSE:8864), the current Operating Margin % is 17.02% 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 Airport Facilities Co (TSE:8864) Overvalued in 2026?

Based on GuruFocus' analysis, Airport Facilities Co stock appears to be overvalued. The current stock price of 円929.00 is trading 6.7% above its estimated GF Value™ of 円870.33. GuruFocus considers Airport Facilities Co to be Fairly Valued.

Key valuation signals for TSE:8864:

  • Operating Margin %: 17.02% (near median its 10-year median of 16.35)
  • GF Value™: 円870.33 vs. price of 円929.00 (6.7% above fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 28.8% above the Real Estate median (#719 of 1745)

No single metric tells the full story. See the TSE:8864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Airport Facilities Co Business Description

Address 1-6-5 Haneda Airport, Ota-ku, 6-7F, Sogo Building No. 5, Tokyo, JPN, 144-0041
Airport Facilities Co Ltd is engaged in real estate leasing, heat supply business, and water supply and drainage management businesses. The company generates the majority of its revenue from the Real Estate business.
81GF Score

Get the complete analysis for TSE:8864

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

円929.00
Price
円870.33
GF Value