Blue Square Real Estate (XTAE:BLSR) Operating Margin %: 59.20% (As of Mar. 2026) — 10% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTAE:BLSR Blue Square Real Estate Ltd XTAE:BLSR
76 GF Score
Price ₪313.00
GF Value ₪247.49
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Blue Square Real Estate Operating Margin %?

Blue Square Real Estate XTAE:BLSR -3.16% 76 Operating Margin % is 59.20% as of Mar. 2026, which is 10% below its 10-year median of 65.70. GuruFocus rates XTAE:BLSR with a GF Score™ of 76/100 and a GF Value™ of ₪247.49 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,747 Real Estate companies, Blue Square Real Estate ranks better than 84.49% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Blue Square Real Estate's Operating Income for the three months ended in Mar. 2026 was ₪85.3 Mil. Blue Square Real Estate's Revenue for the three months ended in Mar. 2026 was ₪144.1 Mil. Therefore, Blue Square Real Estate's Operating Margin % for the quarter that ended in Mar. 2026 was 59.20%.

Warning Sign:

Blue Square Real Estate Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.3%.

The historical rank and industry rank for Blue Square Real Estate's Operating Margin % or its related term are showing as below:

XTAE:BLSR' s Operating Margin % Range Over the Past 10 Years
Min: 50.56   Med: 65.7   Max: 91.15
Current: 50.56


XTAE:BLSR's Operating Margin % is ranked better than
84.49% of 1747 companies
in the Real Estate industry
Industry Median: 13.39 vs XTAE:BLSR: 50.56

Blue Square Real Estate's 5-Year Average Operating Margin % Growth Rate was -5.30% per year.

Blue Square Real Estate's Operating Income for the three months ended in Mar. 2026 was ₪85.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₪242.7 Mil.

Warning Sign:

Blue Square Real Estate Ltd has recorded a loss in operating income at least once over the past 3 years.


Blue Square Real Estate  (XTAE:BLSR) 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.


Blue Square Real Estate Operating Margin % Related Terms


Blue Square Real Estate Operating Margin % Historical Data

* Premium members only.

The historical data trend for Blue Square Real Estate'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.

Blue Square Real Estate Operating Margin % Chart

Blue Square Real Estate 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 67.46 63.93 60.27 59.11 57.87

Blue Square Real Estate 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 60.40 56.29 82.41 182.34 59.20

XTAE:BLSR vs CBRE, BEKE, JLL: Operating Margin % Comparison

For the Real Estate Services subindustry, Blue Square Real Estate'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.


Blue Square Real Estate Operating Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Blue Square Real Estate's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Blue Square Real Estate's Operating Margin % falls into.


XTAE:BLSR
76GF Score
Blue Square Real Estate Ltd XTAE:BLSR
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Square Real Estate 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.

Blue Square Real Estate'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 )
=325.815 / 563.02
=57.87 %

Blue Square Real Estate'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 )
=85.324 / 144.131
=59.20 %

* 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 59.20% mean?
Blue Square Real Estate (XTAE:BLSR) has a Operating Margin % of 59.20% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Blue Square Real Estate and its competitors. This is 10% below median its historical median of 65.70. Over the past decade, Blue Square Real Estate's Operating Margin % has ranged from 50.56 to 91.15. According to the industry distribution chart, Blue Square Real Estate ranks #271 out of 1747 companies in the Real Estate industry, placing it in the top 15.5%.
Is Blue Square Real Estate's Operating Margin % too high?
Blue Square Real Estate's current Operating Margin % of 59.20% is 10% below median its 10-year median of 65.70. Over the past 10 years, this metric has ranged from a low of 50.56 to a high of 91.15. The Real Estate industry median Operating Margin % is 13.39. Blue Square Real Estate's value of 59.20% is 342.1% above this industry median. Based on the distribution chart, Blue Square Real Estate ranks #271 out of 1747 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Blue Square Real Estate has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blue Square Real Estate's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Blue Square Real Estate ranks #271 out of 1747 companies for Operating Margin %. This places Blue Square Real Estate in the top 16% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.39. Blue Square Real Estate's value of 59.20% is 342.1% above this benchmark. Historically, Blue Square Real Estate's own Operating Margin % has ranged from 50.56 to 91.15 over the past decade. While the company's 10-year median is 65.70 vs. the industry median of 13.39, Blue Square Real Estate 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 13.39, based on 1,747 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. Blue Square Real Estate's current Operating Margin % of 59.20% is 342.1% 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 Blue Square Real Estate and its competitors. For the Real Estate industry, the median Operating Margin % is 13.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Square Real Estate's current Operating Margin % is 59.20%, which is 10% below median its own 10-year median of 65.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Square Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Blue Square Real Estate (XTAE:BLSR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪247.49, compared to a current price of ₪313.00 — trading 26.5% above its estimated fair value. The current Operating Margin % is 59.20%, which is 10% below median its 10-year median of 65.70 and 342.1% above the Real Estate industry median of 13.39. Blue Square Real Estate's overall GF Score™ is 76/100 with 8 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 Blue Square Real Estate (XTAE:BLSR), the current Operating Margin % is 59.20% 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 Blue Square Real Estate (XTAE:BLSR) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Square Real Estate stock appears to be overvalued. The current stock price of ₪313.00 is trading 26.5% above its estimated GF Value™ of ₪247.49. GuruFocus considers Blue Square Real Estate to be Modestly Overvalued.

Key valuation signals for XTAE:BLSR:

  • Operating Margin %: 59.20% (10% below median its 10-year median of 65.70)
  • GF Value™: ₪247.49 vs. price of ₪313.00 (26.5% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 342.1% above the Real Estate median (#271 of 1747)

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


Blue Square Real Estate Business Description

Address 132 Menachem Begin Road, 18th Floor, Azrieli Towers, Round Tower, Tel Aviv, ISR, 60972
Blue Square Real Estate Ltd is engaged in the development and rental of real estate properties. The company is engaged in innovation, development, and the improvement of commercial properties, shopping malls, logistics centers, and office towers. The company also undertakes residential, mixed-use, and urban renewal projects in high-demand regions.
76GF Score

Get the complete analysis for XTAE:BLSR

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

₪313.00
Price
₪247.49
GF Value