Varsav Game Studios (WAR:VAR) Operating Margin %: 51.29% (As of Mar. 2026)


WAR:VAR Varsav Game Studios SA WAR:VAR
53 GF Score
Price zł0.44
GF Value zł0.69
Valuation Possible Value Trap
! 5 Warning Signs
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What is Varsav Game Studios Operating Margin %?

Varsav Game Studios WAR:VAR -3.93% 53 Operating Margin % is 51.29% as of Mar. 2026. GuruFocus rates WAR:VAR with a GF Score™ of 53/100 and a GF Value™ of zł0.69 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 553 Interactive Media companies, Varsav Game Studios ranks better than 98.01% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Varsav Game Studios's Operating Income for the three months ended in Mar. 2026 was zł0.22 Mil. Varsav Game Studios's Revenue for the three months ended in Mar. 2026 was zł0.43 Mil. Therefore, Varsav Game Studios's Operating Margin % for the quarter that ended in Mar. 2026 was 51.29%.

The historical rank and industry rank for Varsav Game Studios's Operating Margin % or its related term are showing as below:

WAR:VAR' s Operating Margin % Range Over the Past 10 Years
Min: -1280.09   Med: -53.95   Max: 116.7
Current: 63.33


WAR:VAR's Operating Margin % is ranked better than
98.01% of 553 companies
in the Interactive Media industry
Industry Median: 2.99 vs WAR:VAR: 63.33

Varsav Game Studios's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Varsav Game Studios's Operating Income for the three months ended in Mar. 2026 was zł0.22 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł1.22 Mil.


Varsav Game Studios  (WAR:VAR) 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.


Varsav Game Studios Operating Margin % Related Terms


Varsav Game Studios Operating Margin % Historical Data

* Premium members only.

The historical data trend for Varsav Game Studios'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.

Varsav Game Studios Operating Margin % Chart

Varsav Game Studios Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -62.34 116.70 40.61 43.35 46.41

Varsav Game Studios 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 -72.02 97.84 23.73 69.29 51.29

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

For the Electronic Gaming & Multimedia subindustry, Varsav Game Studios'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.


Varsav Game Studios Operating Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Varsav Game Studios's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Varsav Game Studios's Operating Margin % falls into.


WAR:VAR
53GF Score
Varsav Game Studios SA WAR:VAR
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Varsav Game Studios 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.

Varsav Game Studios'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 )
=0.775 / 1.67
=46.41 %

Varsav Game Studios'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 )
=0.219 / 0.427
=51.29 %

* 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 51.29% mean?
Varsav Game Studios (WAR:VAR) has a Operating Margin % of 51.29% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Varsav Game Studios and its competitors. According to the industry distribution chart, Varsav Game Studios ranks #11 out of 553 companies in the Interactive Media industry, placing it in the top 2%.
Is Varsav Game Studios' Operating Margin % too high?
Varsav Game Studios' current Operating Margin % is 51.29%. The Interactive Media industry median Operating Margin % is 2.99. Varsav Game Studios' value of 51.29% is 1615.4% above this industry median. Based on the distribution chart, Varsav Game Studios ranks #11 out of 553 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Varsav Game Studios has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Varsav Game Studios' Operating Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Varsav Game Studios ranks #11 out of 553 companies for Operating Margin %. This places Varsav Game Studios in the top 2% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.99. Varsav Game Studios' value of 51.29% is 1615.4% above this benchmark. 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. Varsav Game Studios's current Operating Margin % of 51.29% is 1615.4% 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 Varsav Game Studios 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. Varsav Game Studios's current Operating Margin % is 51.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varsav Game Studios stock overvalued right now?
Based on GuruFocus' analysis, Varsav Game Studios (WAR:VAR) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.69, compared to a current price of zł0.44 — trading 36.2% below its estimated fair value. The current Operating Margin % is 51.29% and 1615.4% above the Interactive Media industry median of 2.99. Varsav Game Studios' overall GF Score™ is 53/100 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 Varsav Game Studios (WAR:VAR), the current Operating Margin % is 51.29% 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 Varsav Game Studios (WAR:VAR) Overvalued in 2026?

Based on GuruFocus' analysis, Varsav Game Studios stock appears to be undervalued. The current stock price of zł0.44 is trading 36.2% below its estimated GF Value™ of zł0.69. GuruFocus considers Varsav Game Studios to be Possible Value Trap.

Key valuation signals for WAR:VAR:

  • Operating Margin %: 51.29%
  • GF Value™: zł0.69 vs. price of zł0.44 (36.2% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 1615.4% above the Interactive Media median (#11 of 553)

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


Varsav Game Studios Business Description

Address Aleje Jerozolimskie 123A, Warsaw, POL, 02-017
Varsav Game Studios SA is a Poland-based company. It is mainly engaged in the production of PC and mobile games and applications. The company offers various services to the gaming industry, including portfolio building and providing technological and financial support. Games developed by the company include Bee Simulator, AR Kicker, Crowd Dragons, Metamorphosis, and Interkosmos.
53GF Score

Get the complete analysis for WAR:VAR

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

zł0.44
Price
zł0.69
GF Value