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Fortress MineralsSGX:OAJ -6.00%55 Net Margin % is 16.78% as of May. 2026, which is 28% below its 10-year median of 23.18. GuruFocus rates SGX:OAJ with a GF Score™ of 55/100 and a GF Value™ of S$0.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 613 Steel companies, Fortress Minerals ranks better than 93.47% on this metric.
Fortress Minerals (SGX:OAJ) 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.
Fortress Minerals Net Margin % Related Terms
Fortress Minerals Net Margin % Historical Data
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The historical data trend for Fortress Minerals'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 Steel subindustry, Fortress Minerals'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.
Fortress Minerals Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Fortress Minerals's Net Margin % distribution charts can be found below:
* The bar in red indicates where Fortress Minerals'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.
Fortress Minerals (SGX:OAJ) has a Net Margin % of 16.78% as of May. 2026. Net margin is the ratio of total net income to net sales. View historical data on Fortress Minerals and its competitors. This is 28% below median its historical median of 23.18. Over the past decade, Fortress Minerals' Net Margin % has ranged from 11.55 to 38.25. According to the industry distribution chart, Fortress Minerals ranks #40 out of 613 companies in the Steel industry, placing it in the top 6.5%.
Is Fortress Minerals' Net Margin % too high?
Fortress Minerals' current Net Margin % of 16.78% is 28% below median its 10-year median of 23.18. Over the past 10 years, this metric has ranged from a low of 11.55 to a high of 38.25. The Steel industry median Net Margin % is 1.94. Fortress Minerals' value of 16.78% is 764.9% above this industry median. Based on the distribution chart, Fortress Minerals ranks #40 out of 613 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Fortress Minerals has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortress Minerals' Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Fortress Minerals ranks #40 out of 613 companies for Net Margin %. This places Fortress Minerals in the top 7% of its industry — outperforming the majority of peers. The industry median Net Margin % is 1.94. Fortress Minerals' value of 16.78% is 764.9% above this benchmark. Historically, Fortress Minerals' own Net Margin % has ranged from 11.55 to 38.25 over the past decade. While the company's 10-year median is 23.18 vs. the industry median of 1.94, Fortress Minerals 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 Steel company?
The median Net Margin % among Steel companies is 1.94, based on 613 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. Fortress Minerals's current Net Margin % of 16.78% is 764.9% 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 Fortress Minerals and its competitors. For the Steel industry, the median Net Margin % is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortress Minerals's current Net Margin % is 16.78%, which is 28% below median its own 10-year median of 23.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Minerals stock overvalued right now?
Based on GuruFocus' analysis, Fortress Minerals (SGX:OAJ) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.33, compared to a current price of S$0.24 — trading 28.8% below its estimated fair value. The current Net Margin % is 16.78%, which is 28% below median its 10-year median of 23.18 and 764.9% above the Steel industry median of 1.94. Fortress Minerals' overall GF Score™ is 55/100 with 4 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 Fortress Minerals (SGX:OAJ), the current Net Margin % is 16.78% as of May. 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 Fortress Minerals (SGX:OAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Fortress Minerals stock appears to be undervalued.
The current stock price of S$0.24 is trading 28.8% below its estimated GF Value™ of S$0.33.
GuruFocus considers Fortress Minerals to be Modestly Undervalued.
Key valuation signals for SGX:OAJ:
Net Margin %: 16.78% (28% below median its 10-year median of 23.18)
GF Value™: S$0.33 vs. price of S$0.24 (28.8% below fair value)
Industry Position: 764.9% above the Steel median (#40 of 613)
No single metric tells the full story. See the SGX:OAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in the exploration, mining, production, and sale of iron ore with low levels of impurities. It mines the iron ore from its East, Valley, and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from the sale of iron ore.
55GF Score
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