Black Rose Projects (WAR:BRP) Operating Margin %: -146.47% (As of Mar. 2026)


WAR:BRP Black Rose Projects SA WAR:BRP
36 GF Score
Price zł0.48
GF Value zł0.53
Valuation Fairly Valued
! 7 Warning Signs
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What is Black Rose Projects Operating Margin %?

Black Rose Projects WAR:BRP +1.27% 36 Operating Margin % is -146.47% as of Mar. 2026. GuruFocus rates WAR:BRP with a GF Score™ of 36/100 and a GF Value™ of zł0.53 (Fairly Valued). The stock has 7 warning signs investors should review. Among 553 Interactive Media companies, Black Rose Projects ranks worse than 94.21% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Black Rose Projects's Operating Income for the three months ended in Mar. 2026 was zł-0.25 Mil. Black Rose Projects's Revenue for the three months ended in Mar. 2026 was zł0.17 Mil. Therefore, Black Rose Projects's Operating Margin % for the quarter that ended in Mar. 2026 was -146.47%.

The historical rank and industry rank for Black Rose Projects's Operating Margin % or its related term are showing as below:

WAR:BRP' s Operating Margin % Range Over the Past 10 Years
Min: -186.76   Med: -3.81   Max: 59.12
Current: -185.37


WAR:BRP's Operating Margin % is ranked worse than
94.21% of 553 companies
in the Interactive Media industry
Industry Median: 2.99 vs WAR:BRP: -185.37

Black Rose Projects's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Black Rose Projects's Operating Income for the three months ended in Mar. 2026 was zł-0.25 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł-1.44 Mil.

Warning Sign:

Black Rose Projects SA had lost money in 83% of the time over the past 12quarters.


Black Rose Projects  (WAR:BRP) 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 Nokia’s 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.


Black Rose Projects Operating Margin % Related Terms


Black Rose Projects Operating Margin % Historical Data

* Premium members only.

The historical data trend for Black Rose Projects'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.

Black Rose Projects Operating Margin % Chart

Black Rose Projects Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial 56.01 2.92 -10.53 -87.82 -186.76

Black Rose Projects Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -36.71 26.39 -32.08 -386.27 -146.47

WAR:BRP vs NTES, EA, TTWO: Operating Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, Black Rose Projects'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.


Black Rose Projects Operating Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Black Rose Projects's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Black Rose Projects's Operating Margin % falls into.


WAR:BRP
36GF Score
Black Rose Projects SA WAR:BRP
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Rose Projects 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.

Black Rose Projects's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-1.524 / 0.816
=-186.76 %

Black Rose Projects's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-0.249 / 0.17
=-146.47 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -146.47% mean?
Black Rose Projects (WAR:BRP) has a Operating Margin % of -146.47% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Black Rose Projects and its competitors. According to the industry distribution chart, Black Rose Projects ranks #521 out of 553 companies in the Interactive Media industry, placing it in the top 94.2%.
Is Black Rose Projects' Operating Margin % too high?
Black Rose Projects' current Operating Margin % is -146.47%. Based on the distribution chart, Black Rose Projects ranks #521 out of 553 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Black Rose Projects has a GF Score™ of 36/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Rose Projects' Operating Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Black Rose Projects ranks #521 out of 553 companies for Operating Margin %. This places Black Rose Projects in the lower half of its industry. The industry median Operating Margin % is 2.99. 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 an Interactive Media company?
The median Operating Margin % among Interactive Media companies is 2.99, based on 553 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. 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 Black Rose Projects and its competitors. For the Interactive Media industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Rose Projects's current Operating Margin % is -146.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Rose Projects stock overvalued right now?
Based on GuruFocus' analysis, Black Rose Projects (WAR:BRP) is currently considered Fairly Valued. The stock's GF Value™ is zł0.53, compared to a current price of zł0.48 — trading 9.4% below its estimated fair value. The current Operating Margin % is -146.47%. Black Rose Projects' overall GF Score™ is 36/100 with 7 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 Black Rose Projects (WAR:BRP), the current Operating Margin % is -146.47% 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 Black Rose Projects (WAR:BRP) Overvalued in 2026?

Based on GuruFocus' analysis, Black Rose Projects stock appears to be undervalued. The current stock price of zł0.48 is trading 9.4% below its estimated GF Value™ of zł0.53. GuruFocus considers Black Rose Projects to be Fairly Valued.

Key valuation signals for WAR:BRP:

  • Operating Margin %: -146.47%
  • GF Value™: zł0.53 vs. price of zł0.48 (9.4% below fair value)
  • GF Score™: 36/100 with 7 warning signs

No single metric tells the full story. See the WAR:BRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Black Rose Projects Business Description

Address Tysiaclecia 1A, Dabrowa Gornicza, POL, 41-300
Black Rose Projects SA develops porting computer and mobile games. It offers porting games for the PC platforms, Nintendo Switch, and PlayStation 4 consoles. Its services include porting, publishing, and managing the sales of given projects.
36GF Score

Get the complete analysis for WAR:BRP

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł0.48
Price
zł0.53
GF Value