San HoldingsTSE:9628 -0.29%77 Operating Margin % is 8.51% as of Sep. 2025, which is 40% below its 10-year median of 14.16. GuruFocus rates TSE:9628 with a GF Score™ of 77/100 and a GF Value™ of 円2,103.01 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 95 Personal Services companies, San Holdings ranks better than 60% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. San Holdings's Operating Income for the
six
months ended in Sep. 2025 was 円1,552 Mil. San Holdings's Revenue for the
six
months ended in Sep. 2025 was 円18,233 Mil. Therefore, San Holdings's Operating Margin % for the quarter that ended in Sep. 2025 was 8.51%.
Good Sign:
San Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for San Holdings's Operating Margin % or its related term are showing as below:
TSE:9628'
s Operating Margin % Range Over the Past 10 Years
Min: 8.26 Med: 14.16 Max: 17.88
Current: 8.26
TSE:9628's Operating Margin % is ranked better than 60% of 95
companies
in the Personal Services industry
Industry Median: 6.61
vs TSE:9628: 8.26
San Holdings's 5-Year Average Operating Margin % Growth Rate was 1.70% per year.
San Holdings's Operating Income for the
six
months ended in Sep. 2025 was 円1,552 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was 円3,129 Mil.
San Holdings (TSE:9628) 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.
San Holdings Operating Margin % Related Terms
San Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for San 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.
TSE:9628 vs ROL, SCI, FTDR: Operating Margin % Comparison
For the Personal Services subindustry, San 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.
San Holdings Operating Margin % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, San Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where San 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.
San Holdings's Operating Margin % for the fiscal year that ended in Mar. 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.
San Holdings (TSE:9628) has a Operating Margin % of 8.51% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on San Holdings and its competitors. This is 40% below median its historical median of 14.16. Over the past decade, San Holdings' Operating Margin % has ranged from 8.26 to 17.88. According to the industry distribution chart, San Holdings ranks #38 out of 95 companies in the Personal Services industry, placing it in the top 40%.
Is San Holdings' Operating Margin % too high?
San Holdings' current Operating Margin % of 8.51% is 40% below median its 10-year median of 14.16. Over the past 10 years, this metric has ranged from a low of 8.26 to a high of 17.88. The Personal Services industry median Operating Margin % is 6.61. San Holdings' value of 8.51% is 28.7% above this industry median. Based on the distribution chart, San Holdings ranks #38 out of 95 companies in the Personal Services industry, which is above the industry midpoint. Overall, San Holdings has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Holdings' Operating Margin % compare to ROL and SCI?
According to the Personal Services industry distribution chart, San Holdings ranks #38 out of 95 companies for Operating Margin %. This puts San Holdings in the upper half of its industry. The industry median Operating Margin % is 6.61. San Holdings' value of 8.51% is 28.7% above this benchmark. Historically, San Holdings' own Operating Margin % has ranged from 8.26 to 17.88 over the past decade. While the company's 10-year median is 14.16 vs. the industry median of 6.61, San Holdings 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 Personal Services company?
The median Operating Margin % among Personal Services companies is 6.61, based on 95 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. San Holdings's current Operating Margin % of 8.51% is 28.7% 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 San Holdings and its competitors. For the Personal Services industry, the median Operating Margin % is 6.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Holdings's current Operating Margin % is 8.51%, which is 40% below median its own 10-year median of 14.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Holdings stock overvalued right now?
Based on GuruFocus' analysis, San Holdings (TSE:9628) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,103.01, compared to a current price of 円1,379.00 — trading 34.4% below its estimated fair value. The current Operating Margin % is 8.51%, which is 40% below median its 10-year median of 14.16 and 28.7% above the Personal Services industry median of 6.61. San Holdings' overall GF Score™ is 77/100 with 5 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 San Holdings (TSE:9628), the current Operating Margin % is 8.51% as of Sep. 2025. 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 San Holdings (TSE:9628) Overvalued in 2026?
Based on GuruFocus' analysis, San Holdings stock appears to be undervalued.
The current stock price of 円1,379.00 is trading 34.4% below its estimated GF Value™ of 円2,103.01.
GuruFocus considers San Holdings to be Significantly Undervalued.
Key valuation signals for TSE:9628:
Operating Margin %: 8.51% (40% below median its 10-year median of 14.16)
GF Value™: 円2,103.01 vs. price of 円1,379.00 (34.4% below fair value)
Industry Position: 28.7% above the Personal Services median (#38 of 95)
No single metric tells the full story. See the TSE:9628 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Holdings Inc is a Japan-based holding company along with its subsidiaries the firm is engaged in funerary business. It arranges funerals and provides funerary services according to individual customers.
77GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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