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NTT SystemWAR:NTT -0.65%72 Operating Margin % is 4.03% as of Mar. 2026, which is 102% above its 10-year median of 2.00. GuruFocus rates WAR:NTT with a GF Score™ of 72/100 and a GF Value™ of zł6.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,476 Hardware companies, NTT System ranks better than 50.81% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. NTT System's Operating Income for the
three
months ended in Mar. 2026 was zł12 Mil. NTT System's Revenue for the
three
months ended in Mar. 2026 was zł288 Mil. Therefore, NTT System's Operating Margin % for the quarter that ended in Mar. 2026 was 4.03%.
Good Sign:
NTT System SA operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for NTT System's Operating Margin % or its related term are showing as below:
WAR:NTT'
s Operating Margin % Range Over the Past 10 Years
Min: 0.23 Med: 2 Max: 3.95
Current: 3.95
WAR:NTT's Operating Margin % is ranked better than 50.81% of 2476
companies
in the Hardware industry
Industry Median: 3.81
vs WAR:NTT: 3.95
NTT System's 5-Year Average Operating Margin % Growth Rate was 9.10% per year.
NTT System's Operating Income for the
three
months ended in Mar. 2026 was zł12 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł56 Mil.
NTT System (WAR:NTT) 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.
NTT System Operating Margin % Related Terms
NTT System Operating Margin % Historical Data
* Premium members only.
The historical data trend for NTT System'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.
WAR:NTT vs SNDK, DELL, STX: Operating Margin % Comparison
For the Computer Hardware subindustry, NTT System'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.
NTT System Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, NTT System's Operating Margin % distribution charts can be found below:
* The bar in red indicates where NTT System'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.
NTT System'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.
NTT System (WAR:NTT) has a Operating Margin % of 4.03% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on NTT System and its competitors. This is 102% above median its historical median of 2.00. Over the past decade, NTT System's Operating Margin % has ranged from 0.23 to 3.95. According to the industry distribution chart, NTT System ranks #1218 out of 2476 companies in the Hardware industry, placing it in the top 49.2%.
Is NTT System's Operating Margin % too high?
NTT System's current Operating Margin % of 4.03% is 102% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 3.95. The Hardware industry median Operating Margin % is 3.81. NTT System's value of 4.03% is 5.8% above this industry median. Based on the distribution chart, NTT System ranks #1218 out of 2476 companies in the Hardware industry, which is above the industry midpoint. Overall, NTT System has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NTT System's Operating Margin % compare to SNDK and DELL?
According to the Hardware industry distribution chart, NTT System ranks #1218 out of 2476 companies for Operating Margin %. This puts NTT System in the upper half of its industry. The industry median Operating Margin % is 3.81. NTT System's value of 4.03% is 5.8% above this benchmark. Historically, NTT System's own Operating Margin % has ranged from 0.23 to 3.95 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 3.81, NTT System 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.81, based on 2,476 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. NTT System's current Operating Margin % of 4.03% is 5.8% 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 NTT System and its competitors. For the Hardware industry, the median Operating Margin % is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTT System's current Operating Margin % is 4.03%, which is 102% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTT System stock overvalued right now?
Based on GuruFocus' analysis, NTT System (WAR:NTT) is currently considered Significantly Overvalued. The stock's GF Value™ is zł6.80, compared to a current price of zł15.30 — trading 125% above its estimated fair value. The current Operating Margin % is 4.03%, which is 102% above median its 10-year median of 2.00 and 5.8% above the Hardware industry median of 3.81. NTT System's overall GF Score™ is 72/100 with 6 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 NTT System (WAR:NTT), the current Operating Margin % is 4.03% 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 NTT System (WAR:NTT) Overvalued in 2026?
Based on GuruFocus' analysis, NTT System stock appears to be overvalued.
The current stock price of zł15.30 is trading 125% above its estimated GF Value™ of zł6.80.
GuruFocus considers NTT System to be Significantly Overvalued.
Key valuation signals for WAR:NTT:
Operating Margin %: 4.03% (102% above median its 10-year median of 2.00)
GF Value™: zł6.80 vs. price of zł15.30 (125% above fair value)
Industry Position: 5.8% above the Hardware median (#1218 of 2476)
No single metric tells the full story. See the WAR:NTT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NTT System SA is a manufacturer of desktop computers, supplied both private label and brand commissioned. It is one of the distributors of accessories, components, and peripherals in Poland. The company serves institutional, individual and business clients. It offers news and promotion, servers, computers, e-sport system, tablets, inks and toners, and accessories.
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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