Nemetschek SEWBO:NEM +0.84%83 Operating Margin % is 23.06% as of Mar. 2026, which is 1% above its 10-year median of 22.92. GuruFocus rates WBO:NEM with a GF Score™ of 83/100 and a GF Value™ of €123.80 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,818 Software companies, Nemetschek SE ranks better than 93.47% on this metric.
Nemetschek SE (WBO:NEM) 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.
Nemetschek SE Operating Margin % Related Terms
Nemetschek SE Operating Margin % Historical Data
* Premium members only.
The historical data trend for Nemetschek SE'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.
WBO:NEM vs CRM, SHOP, UBER: Operating Margin % Comparison
For the Software - Application subindustry, Nemetschek SE'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.
Nemetschek SE Operating Margin % vs Software Industry
For the Software industry and Technology sector, Nemetschek SE's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Nemetschek SE'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.
Nemetschek SE'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.
Nemetschek SE (WBO:NEM) has a Operating Margin % of 23.06% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Nemetschek SE and its competitors. This is near median its historical median of 22.92. Over the past decade, Nemetschek SE's Operating Margin % has ranged from 20.02 to 26.92. According to the industry distribution chart, Nemetschek SE ranks #184 out of 2818 companies in the Software industry, placing it in the top 6.5%.
Is Nemetschek SE's Operating Margin % too high?
Nemetschek SE's current Operating Margin % of 23.06% is near median its 10-year median of 22.92. Over the past 10 years, this metric has ranged from a low of 20.02 to a high of 26.92. The Software industry median Operating Margin % is 3.88. Nemetschek SE's value of 23.06% is 495.1% above this industry median. Based on the distribution chart, Nemetschek SE ranks #184 out of 2818 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Nemetschek SE has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nemetschek SE's Operating Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Nemetschek SE ranks #184 out of 2818 companies for Operating Margin %. This places Nemetschek SE in the top 7% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.88. Nemetschek SE's value of 23.06% is 495.1% above this benchmark. Historically, Nemetschek SE's own Operating Margin % has ranged from 20.02 to 26.92 over the past decade. While the company's 10-year median is 22.92 vs. the industry median of 3.88, Nemetschek SE 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 Software company?
The median Operating Margin % among Software companies is 3.88, based on 2,818 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. Nemetschek SE's current Operating Margin % of 23.06% is 495.1% 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 Nemetschek SE and its competitors. For the Software industry, the median Operating Margin % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nemetschek SE's current Operating Margin % is 23.06%, which is near median its own 10-year median of 22.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nemetschek SE stock overvalued right now?
Based on GuruFocus' analysis, Nemetschek SE (WBO:NEM) is currently considered Significantly Undervalued. The stock's GF Value™ is €123.80, compared to a current price of €53.85 — trading 56.5% below its estimated fair value. The current Operating Margin % is 23.06%, which is near median its 10-year median of 22.92 and 495.1% above the Software industry median of 3.88. Nemetschek SE's overall GF Score™ is 83/100 with 1 warning sign 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 Nemetschek SE (WBO:NEM), the current Operating Margin % is 23.06% 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 Nemetschek SE (WBO:NEM) Overvalued in 2026?
Based on GuruFocus' analysis, Nemetschek SE stock appears to be undervalued.
The current stock price of €53.85 is trading 56.5% below its estimated GF Value™ of €123.80.
GuruFocus considers Nemetschek SE to be Significantly Undervalued.
Key valuation signals for WBO:NEM:
Operating Margin %: 23.06% (near median its 10-year median of 22.92)
GF Value™: €123.80 vs. price of €53.85 (56.5% below fair value)
Industry Position: 495.1% above the Software median (#184 of 2818)
No single metric tells the full story. See the WBO:NEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nemetschek is a German company that makes software products for the architecture, engineering, and construction industry, mainly, but also for the media and entertainment industry. Its software solutions cover the entire life cycle of building and infrastructure projects (design, build, and manage). In media and entertainment, it is one of the world's leading providers of software for the creation of 3D animation and visual effects in movies, TV shows, and gaming.
83GF Score
Get the complete analysis for WBO:NEM
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:NEM has been successfully added to your 
