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Net margin is calculated as Net Income divided by its Revenue. Vicon Holdings's Net Income for the
six
months ended in Mar. 2026 was HK$-1.1 Mil. Vicon Holdings's Revenue for the
six
months ended in Mar. 2026 was HK$117.6 Mil. Therefore, Vicon Holdings's net margin for the quarter that ended in Mar. 2026 was -0.90%.
The historical rank and industry rank for Vicon Holdings's Net Margin % or its related term are showing as below:
HKSE:03878'
s Net Margin % Range Over the Past 10 Years
Min: -20.23 Med: 1.8 Max: 11.46
Current: 1.9
HKSE:03878's Net Margin % is ranked worse than 63.81% of 1774
companies
in the Construction industry
Industry Median: 3.79
vs HKSE:03878: 1.90
Vicon Holdings (HKSE:03878) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Vicon Holdings Net Margin % Related Terms
Vicon Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for Vicon Holdings's Net 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.
HKSE:03878 vs PWR, FIX, EME: Net Margin % Comparison
For the Engineering & Construction subindustry, Vicon Holdings's Net Margin %, along with its competitors' market caps and Net 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.
Vicon Holdings Net Margin % vs Construction Industry
For the Construction industry and Industrials sector, Vicon Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where Vicon Holdings's Net Margin % falls into.
* 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.
Vicon Holdings (HKSE:03878) has a Net Margin % of -0.90% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Vicon Holdings and its competitors. According to the industry distribution chart, Vicon Holdings ranks #1132 out of 1774 companies in the Construction industry, placing it in the top 63.8%.
Is Vicon Holdings' Net Margin % too high?
Vicon Holdings' current Net Margin % is -0.90%. Based on the distribution chart, Vicon Holdings ranks #1132 out of 1774 companies in the Construction industry, which is below the industry midpoint. Overall, Vicon Holdings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicon Holdings' Net Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Vicon Holdings ranks #1132 out of 1774 companies for Net Margin %. This places Vicon Holdings in the lower half of its industry. The industry median Net Margin % is 3.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Construction company?
The median Net Margin % among Construction companies is 3.79, based on 1,774 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Vicon Holdings and its competitors. For the Construction industry, the median Net Margin % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicon Holdings's current Net Margin % is -0.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vicon Holdings (HKSE:03878) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.11, compared to a current price of HK$0.19 — trading 76.4% above its estimated fair value. The current Net Margin % is -0.90%. Vicon Holdings' overall GF Score™ is 58/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Vicon Holdings (HKSE:03878), the current Net Margin % is -0.90% 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 Vicon Holdings (HKSE:03878) Overvalued in 2026?
Based on GuruFocus' analysis, Vicon Holdings stock appears to be overvalued.
The current stock price of HK$0.19 is trading 76.4% above its estimated GF Value™ of HK$0.11.
GuruFocus considers Vicon Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:03878:
Net Margin %: -0.90%
GF Value™: HK$0.11 vs. price of HK$0.19 (76.4% above fair value)
No single metric tells the full story. See the HKSE:03878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vicon Holdings Ltd is a Hong Kong-based investment company. The company is engaged in foundation works and ancillary services. Geographically, the company derives the maximum of its revenue from Hong Kong. The company segments include construction works and leasing of construction machinery. The company earns maximum revenue from the construction segment. The company's foundation projects involve different types of construction works, such as piling construction, ELS works, pile cap construction, and general building work in Hong Kong.
58GF Score
Get the complete analysis for HKSE:03878
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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