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Tokyotokeiba CoTSE:9672 -1.32%88 Operating Margin % is 34.08% as of Dec. 2025, which is 3% below its 10-year median of 35.01. GuruFocus rates TSE:9672 with a GF Score™ of 88/100 and a GF Value™ of 円4,879.81 (Fairly Valued). The stock has 3 warning signs investors should review. Among 840 Travel & Leisure companies, Tokyotokeiba Co ranks better than 96.07% on this metric.
Tokyotokeiba Co (TSE:9672) 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.
Tokyotokeiba Co Operating Margin % Related Terms
Tokyotokeiba Co Operating Margin % Historical Data
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The historical data trend for Tokyotokeiba 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.
TSE:9672 vs FLUT, DKNG, SGHC: Operating Margin % Comparison
For the Gambling subindustry, Tokyotokeiba 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.
Tokyotokeiba Co Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tokyotokeiba Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Tokyotokeiba Co'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.
Tokyotokeiba Co's Operating Margin % for the fiscal year that ended in Dec. 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.
Tokyotokeiba Co (TSE:9672) has a Operating Margin % of 34.08% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Tokyotokeiba Co and its competitors. This is near median its historical median of 35.01. Over the past decade, Tokyotokeiba Co's Operating Margin % has ranged from 25.87 to 40.26. According to the industry distribution chart, Tokyotokeiba Co ranks #33 out of 840 companies in the Travel & Leisure industry, placing it in the top 3.9%.
Is Tokyotokeiba Co's Operating Margin % too high?
Tokyotokeiba Co's current Operating Margin % of 34.08% is near median its 10-year median of 35.01. Over the past 10 years, this metric has ranged from a low of 25.87 to a high of 40.26. The Travel & Leisure industry median Operating Margin % is 8.07. Tokyotokeiba Co's value of 34.08% is 322.6% above this industry median. Based on the distribution chart, Tokyotokeiba Co ranks #33 out of 840 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyotokeiba Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyotokeiba Co's Operating Margin % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Tokyotokeiba Co ranks #33 out of 840 companies for Operating Margin %. This places Tokyotokeiba Co in the top 4% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 8.07. Tokyotokeiba Co's value of 34.08% is 322.6% above this benchmark. Historically, Tokyotokeiba Co's own Operating Margin % has ranged from 25.87 to 40.26 over the past decade. While the company's 10-year median is 35.01 vs. the industry median of 8.07, Tokyotokeiba 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 Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.07, based on 840 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. Tokyotokeiba Co's current Operating Margin % of 34.08% is 322.6% 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 Tokyotokeiba Co and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyotokeiba Co's current Operating Margin % is 34.08%, which is near median its own 10-year median of 35.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyotokeiba Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyotokeiba Co (TSE:9672) is currently considered Fairly Valued. The stock's GF Value™ is 円4,879.81, compared to a current price of 円4,850.00 — trading 0.6% below its estimated fair value. The current Operating Margin % is 34.08%, which is near median its 10-year median of 35.01 and 322.6% above the Travel & Leisure industry median of 8.07. Tokyotokeiba Co's overall GF Score™ is 88/100 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 Tokyotokeiba Co (TSE:9672), the current Operating Margin % is 34.08% as of Dec. 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 Tokyotokeiba Co (TSE:9672) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyotokeiba Co stock appears to be undervalued.
The current stock price of 円4,850.00 is trading 0.6% below its estimated GF Value™ of 円4,879.81.
GuruFocus considers Tokyotokeiba Co to be Fairly Valued.
Key valuation signals for TSE:9672:
Operating Margin %: 34.08% (near median its 10-year median of 35.01)
GF Value™: 円4,879.81 vs. price of 円4,850.00 (0.6% below fair value)
Industry Position: 322.6% above the Travel & Leisure median (#33 of 840)
No single metric tells the full story. See the TSE:9672 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyotokeiba Co Ltd is a gambling company engaged in horse racing. The company has four business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan.
88GF Score
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