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The Hour GlassSGX:AGS -1.09%89 Net Margin % is 14.35% as of Mar. 2026, which is 26% above its 10-year median of 11.39. GuruFocus rates SGX:AGS with a GF Score™ of 89/100 and a GF Value™ of S$2.07 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,129 Retail - Cyclical companies, The Hour Glass ranks better than 91.59% on this metric.
Net margin is calculated as Net Income divided by its Revenue. The Hour Glass's Net Income for the
six
months ended in Mar. 2026 was S$104 Mil. The Hour Glass's Revenue for the
six
months ended in Mar. 2026 was S$723 Mil. Therefore, The Hour Glass's net margin for the quarter that ended in Mar. 2026 was 14.35%.
The historical rank and industry rank for The Hour Glass's Net Margin % or its related term are showing as below:
SGX:AGS'
s Net Margin % Range Over the Past 10 Years
Min: 7 Med: 11.39 Max: 15.35
Current: 13.41
SGX:AGS's Net Margin % is ranked better than 91.59% of 1129
companies
in the Retail - Cyclical industry
Industry Median: 2.41
vs SGX:AGS: 13.41
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.
The Hour Glass Net Margin % Related Terms
The Hour Glass Net Margin % Historical Data
* Premium members only.
The historical data trend for The Hour Glass'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.
For the Luxury Goods subindustry, The Hour Glass'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.
The Hour Glass Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Hour Glass's Net Margin % distribution charts can be found below:
* The bar in red indicates where The Hour Glass'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.
The Hour Glass (SGX:AGS) has a Net Margin % of 14.35% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on The Hour Glass and its competitors. This is 26% above median its historical median of 11.39. Over the past decade, The Hour Glass' Net Margin % has ranged from 7.00 to 15.35. According to the industry distribution chart, The Hour Glass ranks #95 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 8.4%.
Is The Hour Glass' Net Margin % too high?
The Hour Glass' current Net Margin % of 14.35% is 26% above median its 10-year median of 11.39. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 15.35. The Retail - Cyclical industry median Net Margin % is 2.41. The Hour Glass' value of 14.35% is 495.4% above this industry median. Based on the distribution chart, The Hour Glass ranks #95 out of 1129 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, The Hour Glass has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Hour Glass' Net Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, The Hour Glass ranks #95 out of 1129 companies for Net Margin %. This places The Hour Glass in the top 8% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.41. The Hour Glass' value of 14.35% is 495.4% above this benchmark. Historically, The Hour Glass' own Net Margin % has ranged from 7.00 to 15.35 over the past decade. While the company's 10-year median is 11.39 vs. the industry median of 2.41, The Hour Glass 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 Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.41, based on 1,129 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. The Hour Glass's current Net Margin % of 14.35% is 495.4% 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 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 The Hour Glass and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Hour Glass's current Net Margin % is 14.35%, which is 26% above median its own 10-year median of 11.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hour Glass stock overvalued right now?
Based on GuruFocus' analysis, The Hour Glass (SGX:AGS) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.07, compared to a current price of S$2.73 — trading 31.9% above its estimated fair value. The current Net Margin % is 14.35%, which is 26% above median its 10-year median of 11.39 and 495.4% above the Retail - Cyclical industry median of 2.41. The Hour Glass' overall GF Score™ is 89/100 with 5 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 The Hour Glass (SGX:AGS), the current Net Margin % is 14.35% 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 The Hour Glass (SGX:AGS) Overvalued in 2026?
Based on GuruFocus' analysis, The Hour Glass stock appears to be overvalued.
The current stock price of S$2.73 is trading 31.9% above its estimated GF Value™ of S$2.07.
GuruFocus considers The Hour Glass to be Significantly Overvalued.
Key valuation signals for SGX:AGS:
Net Margin %: 14.35% (26% above median its 10-year median of 11.39)
GF Value™: S$2.07 vs. price of S$2.73 (31.9% above fair value)
Industry Position: 495.4% above the Retail - Cyclical median (#95 of 1129)
No single metric tells the full story. See the SGX:AGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Hour Glass Ltd is a Singapore-based investment holding company. Along with its subsidiaries, the company is engaged in retailing and distribution of watches, jewellery, and other luxury products, investment in properties, and investment holding. It retails watches, jewellery, and other luxury products of brands such as Rolex, Patek Philippe, Akrivia, Daniel Roth, Hublot, Biver, Omega, Bvlgari, Cartier, and others through boutique stores across Singapore, Malaysia, Thailand, Vietnam, Hong Kong, Japan, Australia, and New Zealand. Geographically, the group generates maximum revenue from Southeast Asia and Oceania, followed by Northeast Asia.
89GF Score
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