Union Steel HoldingsSGX:ZB9 45 Net Margin % is 8.20% as of Dec. 2025, which is 54% above its 10-year median of 5.31. GuruFocus rates SGX:ZB9 with a GF Score™ of 45/100 and a GF Value™ of S$0.50 (Fairly Valued). The stock has 5 warning signs investors should review. Among 240 Waste Management companies, Union Steel Holdings ranks better than 66.25% on this metric.
The historical rank and industry rank for Union Steel Holdings's Net Margin % or its related term are showing as below:
SGX:ZB9'
s Net Margin % Range Over the Past 10 Years
Min: -19.3 Med: 5.31 Max: 11.08
Current: 7.78
SGX:ZB9's Net Margin % is ranked better than 66.25% of 240
companies
in the Waste Management industry
Industry Median: 3.835
vs SGX:ZB9: 7.78
Union Steel Holdings (SGX:ZB9) 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.
Union Steel Holdings Net Margin % Related Terms
Union Steel Holdings Net Margin % Historical Data
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The historical data trend for Union Steel 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.
For the Waste Management subindustry, Union Steel 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.
Union Steel Holdings Net Margin % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Union Steel Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where Union Steel 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.
Union Steel Holdings (SGX:ZB9) has a Net Margin % of 8.20% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Union Steel Holdings and its competitors. This is 54% above median its historical median of 5.31. According to the industry distribution chart, Union Steel Holdings ranks #81 out of 240 companies in the Waste Management industry, placing it in the top 33.7%.
Is Union Steel Holdings' Net Margin % too high?
Union Steel Holdings' current Net Margin % of 8.20% is 54% above median its 10-year median of 5.31. The Waste Management industry median Net Margin % is 3.84. Union Steel Holdings' value of 8.20% is 113.8% above this industry median. Based on the distribution chart, Union Steel Holdings ranks #81 out of 240 companies in the Waste Management industry, which is above the industry midpoint. Overall, Union Steel Holdings has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Union Steel Holdings' Net Margin % compare to WM and RSG?
According to the Waste Management industry distribution chart, Union Steel Holdings ranks #81 out of 240 companies for Net Margin %. This puts Union Steel Holdings in the upper half of its industry. The industry median Net Margin % is 3.84. Union Steel Holdings' value of 8.20% is 113.8% above this benchmark. While the company's 10-year median is 5.31 vs. the industry median of 3.84, Union Steel Holdings 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 Waste Management company?
The median Net Margin % among Waste Management companies is 3.84, based on 240 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. Union Steel Holdings's current Net Margin % of 8.20% is 113.8% 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 Union Steel Holdings and its competitors. For the Waste Management industry, the median Net Margin % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Steel Holdings's current Net Margin % is 8.20%, which is 54% above median its own 10-year median of 5.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Steel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Union Steel Holdings (SGX:ZB9) is currently considered Fairly Valued. The stock's GF Value™ is S$0.50, compared to a current price of S$0.49 — trading 2% below its estimated fair value. The current Net Margin % is 8.20%, which is 54% above median its 10-year median of 5.31 and 113.8% above the Waste Management industry median of 3.84. Union Steel Holdings' overall GF Score™ is 45/100 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 Union Steel Holdings (SGX:ZB9), the current Net Margin % is 8.20% as of Dec. 2025. 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 Union Steel Holdings (SGX:ZB9) Overvalued in 2026?
Based on GuruFocus' analysis, Union Steel Holdings stock appears to be undervalued.
The current stock price of S$0.49 is trading 2% below its estimated GF Value™ of S$0.50.
GuruFocus considers Union Steel Holdings to be Fairly Valued.
Key valuation signals for SGX:ZB9:
Net Margin %: 8.20% (54% above median its 10-year median of 5.31)
GF Value™: S$0.50 vs. price of S$0.49 (2% below fair value)
Industry Position: 113.8% above the Waste Management median (#81 of 240)
No single metric tells the full story. See the SGX:ZB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals, which include import and export of scrap metals, waste collection services, trading, and leasing of metal products.; Scaffolding that provides scaffolding services and related consultancy services; Engineering, including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; and Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore, followed by India, Thailand, Malaysia, Indonesia, Pakistan, China, Bangladesh, and Other Countries.
45GF Score
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