TBS HoldingsTSE:9401 -2.60%74 Operating Margin % is 0.11% as of Mar. 2026, which is 98% below its 10-year median of 5.13. GuruFocus rates TSE:9401 with a GF Score™ of 74/100 and a GF Value™ of 円4,688.90 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,023 Media - Diversified companies, TBS Holdings ranks better than 61.58% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. TBS Holdings's Operating Income for the
three
months ended in Mar. 2026 was 円116 Mil. TBS Holdings's Revenue for the
three
months ended in Mar. 2026 was 円105,566 Mil. Therefore, TBS Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 0.11%.
Good Sign:
TBS Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for TBS Holdings's Operating Margin % or its related term are showing as below:
TSE:9401'
s Operating Margin % Range Over the Past 10 Years
Min: 3.33 Med: 5.13 Max: 5.83
Current: 5.83
TSE:9401's Operating Margin % is ranked better than 61.58% of 1023
companies
in the Media - Diversified industry
Industry Median: 2.51
vs TSE:9401: 5.83
TBS Holdings's 5-Year Average Operating Margin % Growth Rate was 5.60% per year.
TBS Holdings's Operating Income for the
three
months ended in Mar. 2026 was 円116 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円24,750 Mil.
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.
TBS Holdings Operating Margin % Related Terms
TBS Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for TBS Holdings'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.
For the Broadcasting subindustry, TBS Holdings'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.
TBS Holdings Operating Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TBS Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where TBS Holdings'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.
TBS Holdings'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.
TBS Holdings (TSE:9401) has a Operating Margin % of 0.11% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TBS Holdings and its competitors. This is 98% below median its historical median of 5.13. Over the past decade, TBS Holdings' Operating Margin % has ranged from 3.33 to 5.83. According to the industry distribution chart, TBS Holdings ranks #393 out of 1023 companies in the Media - Diversified industry, placing it in the top 38.4%.
Is TBS Holdings' Operating Margin % too high?
TBS Holdings' current Operating Margin % of 0.11% is 98% below median its 10-year median of 5.13. Over the past 10 years, this metric has ranged from a low of 3.33 to a high of 5.83. The Media - Diversified industry median Operating Margin % is 2.51. TBS Holdings' value of 0.11% is 95.6% below this industry median. Based on the distribution chart, TBS Holdings ranks #393 out of 1023 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, TBS Holdings has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBS Holdings' Operating Margin % compare to NXST?
According to the Media - Diversified industry distribution chart, TBS Holdings ranks #393 out of 1023 companies for Operating Margin %. This puts TBS Holdings in the upper half of its industry. The industry median Operating Margin % is 2.51. TBS Holdings' value of 0.11% is 95.6% below this benchmark. Historically, TBS Holdings' own Operating Margin % has ranged from 3.33 to 5.83 over the past decade. While the company's 10-year median is 5.13 vs. the industry median of 2.51, TBS Holdings 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 Media - Diversified company?
The median Operating Margin % among Media - Diversified companies is 2.51, based on 1,023 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. TBS Holdings's current Operating Margin % of 0.11% is 95.6% 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 TBS Holdings and its competitors. For the Media - Diversified industry, the median Operating Margin % is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBS Holdings's current Operating Margin % is 0.11%, which is 98% below median its own 10-year median of 5.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBS Holdings stock overvalued right now?
Based on GuruFocus' analysis, TBS Holdings (TSE:9401) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,688.90, compared to a current price of 円6,025.00 — trading 28.5% above its estimated fair value. The current Operating Margin % is 0.11%, which is 98% below median its 10-year median of 5.13 and 95.6% below the Media - Diversified industry median of 2.51. TBS Holdings' overall GF Score™ is 74/100 with 8 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 TBS Holdings (TSE:9401), the current Operating Margin % is 0.11% 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 TBS Holdings (TSE:9401) Overvalued in 2026?
Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued.
The current stock price of 円6,025.00 is trading 28.5% above its estimated GF Value™ of 円4,688.90.
GuruFocus considers TBS Holdings to be Modestly Overvalued.
Key valuation signals for TSE:9401:
Operating Margin %: 0.11% (98% below median its 10-year median of 5.13)
GF Value™: 円4,688.90 vs. price of 円6,025.00 (28.5% above fair value)
Industry Position: 95.6% below the Media - Diversified median (#393 of 1023)
No single metric tells the full story. See the TSE:9401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
74GF Score
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