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Verite CoTSE:9904 +0.41%72 Operating Margin % is 5.45% as of Mar. 2026, which is 41% below its 10-year median of 9.22. GuruFocus rates TSE:9904 with a GF Score™ of 72/100 and a GF Value™ of 円473.48 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Verite Co ranks better than 68.82% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Verite Co's Operating Income for the
three
months ended in Mar. 2026 was 円160 Mil. Verite Co's Revenue for the
three
months ended in Mar. 2026 was 円2,938 Mil. Therefore, Verite Co's Operating Margin % for the quarter that ended in Mar. 2026 was 5.45%.
Warning Sign:
Verite Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.2%.
The historical rank and industry rank for Verite Co's Operating Margin % or its related term are showing as below:
TSE:9904'
s Operating Margin % Range Over the Past 10 Years
Min: 3.44 Med: 9.22 Max: 12.24
Current: 7.43
TSE:9904's Operating Margin % is ranked better than 68.82% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 3.905
vs TSE:9904: 7.43
Verite Co's 5-Year Average Operating Margin % Growth Rate was -5.20% per year.
Verite Co's Operating Income for the
three
months ended in Mar. 2026 was 円160 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円701 Mil.
Verite Co (TSE:9904) 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.
Verite Co Operating Margin % Related Terms
Verite Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Verite 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.
For the Luxury Goods subindustry, Verite 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.
Verite Co Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Verite Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Verite 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.
Verite Co'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.
Verite Co (TSE:9904) has a Operating Margin % of 5.45% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Verite Co and its competitors. This is 41% below median its historical median of 9.22. Over the past decade, Verite Co's Operating Margin % has ranged from 3.44 to 12.24. According to the industry distribution chart, Verite Co ranks #353 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 31.2%.
Is Verite Co's Operating Margin % too high?
Verite Co's current Operating Margin % of 5.45% is 41% below median its 10-year median of 9.22. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 12.24. The Retail - Cyclical industry median Operating Margin % is 3.91. Verite Co's value of 5.45% is 39.6% above this industry median. Based on the distribution chart, Verite Co ranks #353 out of 1132 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Verite Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Verite Co's Operating Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Verite Co ranks #353 out of 1132 companies for Operating Margin %. This puts Verite Co in the upper half of its industry. The industry median Operating Margin % is 3.91. Verite Co's value of 5.45% is 39.6% above this benchmark. Historically, Verite Co's own Operating Margin % has ranged from 3.44 to 12.24 over the past decade. While the company's 10-year median is 9.22 vs. the industry median of 3.91, Verite 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 Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.91, based on 1,132 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. Verite Co's current Operating Margin % of 5.45% is 39.6% 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 Verite Co and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verite Co's current Operating Margin % is 5.45%, which is 41% below median its own 10-year median of 9.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verite Co stock overvalued right now?
Based on GuruFocus' analysis, Verite Co (TSE:9904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円473.48, compared to a current price of 円242.00 — trading 48.9% below its estimated fair value. The current Operating Margin % is 5.45%, which is 41% below median its 10-year median of 9.22 and 39.6% above the Retail - Cyclical industry median of 3.91. Verite Co's overall GF Score™ is 72/100 with 4 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 Verite Co (TSE:9904), the current Operating Margin % is 5.45% 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 Verite Co (TSE:9904) Overvalued in 2026?
Based on GuruFocus' analysis, Verite Co stock appears to be undervalued.
The current stock price of 円242.00 is trading 48.9% below its estimated GF Value™ of 円473.48.
GuruFocus considers Verite Co to be Significantly Undervalued.
Key valuation signals for TSE:9904:
Operating Margin %: 5.45% (41% below median its 10-year median of 9.22)
GF Value™: 円473.48 vs. price of 円242.00 (48.9% below fair value)
Industry Position: 39.6% above the Retail - Cyclical median (#353 of 1132)
No single metric tells the full story. See the TSE:9904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Verite Co Ltd is engaged in operating jewellery specialty retail chain. The company is engaged in manufacture and sale of precious metal, clock, and fashion goods. The firm offers customer service and after sales service which include repair, processing and renovation.
72GF 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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