PSP Swiss Property AGXSWX:PSPN 67 Operating Margin % is 84.69% as of Mar. 2026, which is 10% above its 10-year median of 77.30. GuruFocus rates XSWX:PSPN with a GF Score™ of 67/100 and a GF Value™ of CHF122.47 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,745 Real Estate companies, PSP Swiss Property AG ranks better than 98.34% on this metric.
PSP Swiss Property AG (XSWX:PSPN) 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.
PSP Swiss Property AG Operating Margin % Related Terms
PSP Swiss Property AG Operating Margin % Historical Data
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The historical data trend for PSP Swiss Property AG'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.
XSWX:PSPN vs CBRE, BEKE: Operating Margin % Comparison
For the Real Estate Services subindustry, PSP Swiss Property AG'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.
PSP Swiss Property AG Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Operating Margin % distribution charts can be found below:
* The bar in red indicates where PSP Swiss Property AG's Operating Margin % falls into.
PSP Swiss Property AG 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.
PSP Swiss Property AG'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.
PSP Swiss Property AG (XSWX:PSPN) has a Operating Margin % of 84.69% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PSP Swiss Property AG and its competitors. This is 10% above median its historical median of 77.30. Over the past decade, PSP Swiss Property AG's Operating Margin % has ranged from 65.73 to 86.34. According to the industry distribution chart, PSP Swiss Property AG ranks #29 out of 1745 companies in the Real Estate industry, placing it in the top 1.7%.
Is PSP Swiss Property AG's Operating Margin % too high?
PSP Swiss Property AG's current Operating Margin % of 84.69% is 10% above median its 10-year median of 77.30. Over the past 10 years, this metric has ranged from a low of 65.73 to a high of 86.34. The Real Estate industry median Operating Margin % is 13.21. PSP Swiss Property AG's value of 84.69% is 541.1% above this industry median. Based on the distribution chart, PSP Swiss Property AG ranks #29 out of 1745 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, PSP Swiss Property AG has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSP Swiss Property AG's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PSP Swiss Property AG ranks #29 out of 1745 companies for Operating Margin %. This places PSP Swiss Property AG in the top 2% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.21. PSP Swiss Property AG's value of 84.69% is 541.1% above this benchmark. Historically, PSP Swiss Property AG's own Operating Margin % has ranged from 65.73 to 86.34 over the past decade. While the company's 10-year median is 77.30 vs. the industry median of 13.21, PSP Swiss Property AG 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 13.21, based on 1,745 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. PSP Swiss Property AG's current Operating Margin % of 84.69% is 541.1% 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 PSP Swiss Property AG and its competitors. For the Real Estate industry, the median Operating Margin % is 13.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSP Swiss Property AG's current Operating Margin % is 84.69%, which is 10% above median its own 10-year median of 77.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSP Swiss Property AG stock overvalued right now?
Based on GuruFocus' analysis, PSP Swiss Property AG (XSWX:PSPN) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF122.47, compared to a current price of CHF145.70 — trading 19% above its estimated fair value. The current Operating Margin % is 84.69%, which is 10% above median its 10-year median of 77.30 and 541.1% above the Real Estate industry median of 13.21. PSP Swiss Property AG's overall GF Score™ is 67/100 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 PSP Swiss Property AG (XSWX:PSPN), the current Operating Margin % is 84.69% 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 PSP Swiss Property AG (XSWX:PSPN) Overvalued in 2026?
Based on GuruFocus' analysis, PSP Swiss Property AG stock appears to be overvalued.
The current stock price of CHF145.70 is trading 19% above its estimated GF Value™ of CHF122.47.
GuruFocus considers PSP Swiss Property AG to be Modestly Overvalued.
Key valuation signals for XSWX:PSPN:
Operating Margin %: 84.69% (10% above median its 10-year median of 77.30)
GF Value™: CHF122.47 vs. price of CHF145.70 (19% above fair value)
Industry Position: 541.1% above the Real Estate median (#29 of 1745)
No single metric tells the full story. See the XSWX:PSPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PSP Swiss Property AG is a general real estate company, with all its properties active in Switzerland. The company's operating segments are Real estate investments, Property management, and Holding. A majority of its revenue is generated from the Real estate investments segment, which comprises all properties of the Group, such as investment properties, investment properties for sale, own-used properties, development properties, as well as development projects for sale. Income in this segment is generated by the properties mainly in the form of rental income and net changes in fair value. The Property management segment includes all services and activities concerning the management of the company's real estate portfolio, and the Holding segment includes the traditional corporate functions.
67GF Score
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