Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Southwest Securities CoSHSE:600369 -0.73%52 Net Margin % is 44.38% as of Mar. 2026, which is 47% above its 10-year median of 30.14. GuruFocus rates SHSE:600369 with a GF Score™ of 52/100 and a GF Value™ of ¥6.41 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 775 Capital Markets companies, Southwest Securities Co ranks better than 74.58% on this metric.
The historical rank and industry rank for Southwest Securities Co's Net Margin % or its related term are showing as below:
SHSE:600369'
s Net Margin % Range Over the Past 10 Years
Min: 8.83 Med: 30.14 Max: 39.1
Current: 36.57
SHSE:600369's Net Margin % is ranked better than 74.58% of 775
companies
in the Capital Markets industry
Industry Median: 14.82
vs SHSE:600369: 36.57
Southwest Securities Co (SHSE:600369) 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.
Southwest Securities Co Net Margin % Related Terms
Southwest Securities Co Net Margin % Historical Data
* 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.
SHSE:600369 vs MS, GS, SCHW: Net Margin % Comparison
For the Capital Markets subindustry, Southwest Securities Co'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.
Southwest Securities Co Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Southwest Securities Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Southwest Securities Co'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.
Southwest Securities Co (SHSE:600369) has a Net Margin % of 44.38% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Southwest Securities Co and its competitors. This is 47% above median its historical median of 30.14. Over the past decade, Southwest Securities Co's Net Margin % has ranged from 8.83 to 39.10. According to the industry distribution chart, Southwest Securities Co ranks #197 out of 775 companies in the Capital Markets industry, placing it in the top 25.4%.
Is Southwest Securities Co's Net Margin % too high?
Southwest Securities Co's current Net Margin % of 44.38% is 47% above median its 10-year median of 30.14. Over the past 10 years, this metric has ranged from a low of 8.83 to a high of 39.10. The Capital Markets industry median Net Margin % is 14.82. Southwest Securities Co's value of 44.38% is 199.5% above this industry median. Based on the distribution chart, Southwest Securities Co ranks #197 out of 775 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Southwest Securities Co has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Securities Co's Net Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Southwest Securities Co ranks #197 out of 775 companies for Net Margin %. This puts Southwest Securities Co in the upper half of its industry. The industry median Net Margin % is 14.82. Southwest Securities Co's value of 44.38% is 199.5% above this benchmark. Historically, Southwest Securities Co's own Net Margin % has ranged from 8.83 to 39.10 over the past decade. While the company's 10-year median is 30.14 vs. the industry median of 14.82, Southwest Securities Co 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 Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.82, based on 775 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. Southwest Securities Co's current Net Margin % of 44.38% is 199.5% 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 Southwest Securities Co and its competitors. For the Capital Markets industry, the median Net Margin % is 14.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Securities Co's current Net Margin % is 44.38%, which is 47% above median its own 10-year median of 30.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southwest Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Southwest Securities Co (SHSE:600369) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥6.41, compared to a current price of ¥4.08 — trading 36.3% below its estimated fair value. The current Net Margin % is 44.38%, which is 47% above median its 10-year median of 30.14 and 199.5% above the Capital Markets industry median of 14.82. Southwest Securities Co's overall GF Score™ is 52/100 with 3 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 Southwest Securities Co (SHSE:600369), the current Net Margin % is 44.38% 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 Southwest Securities Co (SHSE:600369) Overvalued in 2026?
Based on GuruFocus' analysis, Southwest Securities Co stock appears to be undervalued.
The current stock price of ¥4.08 is trading 36.3% below its estimated GF Value™ of ¥6.41.
GuruFocus considers Southwest Securities Co to be Significantly Undervalued.
Key valuation signals for SHSE:600369:
Net Margin %: 44.38% (47% above median its 10-year median of 30.14)
GF Value™: ¥6.41 vs. price of ¥4.08 (36.3% below fair value)
Industry Position: 199.5% above the Capital Markets median (#197 of 775)
No single metric tells the full story. See the SHSE:600369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southwest Securities Co Ltd is a national securities company. Its business includes securities brokerage, securities underwriting and sponsorship, financial consulting, asset management, and margin financing. Through asset management, the company provides customers with its special and professional asset management services. It generates the majority of its revenue from the Brokerage business.
52GF Score
Get the complete analysis for SHSE:600369
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600369 has been successfully added to your 
