Japan Logistics Fund (TSE:8967) 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.
Japan Logistics Fund Operating Margin % Related Terms
Japan Logistics Fund Operating Margin % Historical Data
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The historical data trend for Japan Logistics Fund'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:8967 vs PLD, PSA, EXR: Operating Margin % Comparison
For the REIT - Industrial subindustry, Japan Logistics Fund'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.
Japan Logistics Fund Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Logistics Fund's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Japan Logistics Fund's Operating Margin % falls into.
Japan Logistics Fund 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.
Japan Logistics Fund's Operating Margin % for the fiscal year that ended in Jul. 2025 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.
Japan Logistics Fund (TSE:8967) has a Operating Margin % of 57.60% as of Jan. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Japan Logistics Fund and its competitors. This is 10% above median its historical median of 52.21. Over the past decade, Japan Logistics Fund's Operating Margin % has ranged from 48.24 to 61.14. According to the industry distribution chart, Japan Logistics Fund ranks #320 out of 750 companies in the REITs industry, placing it in the top 42.7%.
Is Japan Logistics Fund's Operating Margin % too high?
Japan Logistics Fund's current Operating Margin % of 57.60% is 10% above median its 10-year median of 52.21. Over the past 10 years, this metric has ranged from a low of 48.24 to a high of 61.14. The REITs industry median Operating Margin % is 52.67. Japan Logistics Fund's value of 57.60% is 9.4% above this industry median. Based on the distribution chart, Japan Logistics Fund ranks #320 out of 750 companies in the REITs industry, which is above the industry midpoint. Overall, Japan Logistics Fund has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Logistics Fund's Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Japan Logistics Fund ranks #320 out of 750 companies for Operating Margin %. This puts Japan Logistics Fund in the upper half of its industry. The industry median Operating Margin % is 52.67. Japan Logistics Fund's value of 57.60% is 9.4% above this benchmark. Historically, Japan Logistics Fund's own Operating Margin % has ranged from 48.24 to 61.14 over the past decade. While the company's 10-year median is 52.21 vs. the industry median of 52.67, Japan Logistics Fund 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 REITs company?
The median Operating Margin % among REITs companies is 52.67, based on 750 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. Japan Logistics Fund's current Operating Margin % of 57.60% is 9.4% 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 Japan Logistics Fund and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Logistics Fund's current Operating Margin % is 57.60%, which is 10% above median its own 10-year median of 52.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Logistics Fund stock overvalued right now?
Based on GuruFocus' analysis, Japan Logistics Fund (TSE:8967) is currently considered Fairly Valued. The stock's GF Value™ is 円101,162.42, compared to a current price of 円93,800.00 — trading 7.3% below its estimated fair value. The current Operating Margin % is 57.60%, which is 10% above median its 10-year median of 52.21 and 9.4% above the REITs industry median of 52.67. Japan Logistics Fund's overall GF Score™ is 60/100 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 Japan Logistics Fund (TSE:8967), the current Operating Margin % is 57.60% as of Jan. 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 Japan Logistics Fund (TSE:8967) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Logistics Fund stock appears to be undervalued.
The current stock price of 円93,800.00 is trading 7.3% below its estimated GF Value™ of 円101,162.42.
GuruFocus considers Japan Logistics Fund to be Fairly Valued.
Key valuation signals for TSE:8967:
Operating Margin %: 57.60% (10% above median its 10-year median of 52.21)
GF Value™: 円101,162.42 vs. price of 円93,800.00 (7.3% below fair value)
Industry Position: 9.4% above the REITs median (#320 of 750)
No single metric tells the full story. See the TSE:8967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Logistics Fund Inc is a Real Estate Investment Trust dedicated to investing in logistics properties. Its investment targets shall be real estate used for logistics facilities. The real estate used for data centers and other telecommunication facilities and real estate that is not being used for logistics facilities at the time of acquisition but may be constructed, converted or redeveloped to be used for logistics facilities.
60GF Score
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