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Toly Bread CoSHSE:603866 -1.74%67 Net Margin % is 4.43% as of Mar. 2026, which is 63% below its 10-year median of 12.08. GuruFocus rates SHSE:603866 with a GF Score™ of 67/100 and a GF Value™ of ¥5.35 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 310 Retail - Defensive companies, Toly Bread Co ranks better than 79.35% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Toly Bread Co's Net Income for the
three
months ended in Mar. 2026 was ¥52 Mil. Toly Bread Co's Revenue for the
three
months ended in Mar. 2026 was ¥1,169 Mil. Therefore, Toly Bread Co's net margin for the quarter that ended in Mar. 2026 was 4.43%.
The historical rank and industry rank for Toly Bread Co's Net Margin % or its related term are showing as below:
SHSE:603866'
s Net Margin % Range Over the Past 10 Years
Min: 4.65 Med: 12.08 Max: 14.81
Current: 4.65
SHSE:603866's Net Margin % is ranked better than 79.35% of 310
companies
in the Retail - Defensive industry
Industry Median: 2.075
vs SHSE:603866: 4.65
Toly Bread Co (SHSE:603866) 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.
Toly Bread Co Net Margin % Related Terms
Toly Bread Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Toly Bread Co'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 Grocery Stores subindustry, Toly Bread 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.
Toly Bread Co Net Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Toly Bread Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Toly Bread 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.
Toly Bread Co (SHSE:603866) has a Net Margin % of 4.43% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Toly Bread Co and its competitors. This is 63% below median its historical median of 12.08. Over the past decade, Toly Bread Co's Net Margin % has ranged from 4.65 to 14.81. According to the industry distribution chart, Toly Bread Co ranks #64 out of 310 companies in the Retail - Defensive industry, placing it in the top 20.6%.
Is Toly Bread Co's Net Margin % too high?
Toly Bread Co's current Net Margin % of 4.43% is 63% below median its 10-year median of 12.08. Over the past 10 years, this metric has ranged from a low of 4.65 to a high of 14.81. The Retail - Defensive industry median Net Margin % is 2.08. Toly Bread Co's value of 4.43% is 113.5% above this industry median. Based on the distribution chart, Toly Bread Co ranks #64 out of 310 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Toly Bread Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toly Bread Co's Net Margin % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Toly Bread Co ranks #64 out of 310 companies for Net Margin %. This places Toly Bread Co in the top 21% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.08. Toly Bread Co's value of 4.43% is 113.5% above this benchmark. Historically, Toly Bread Co's own Net Margin % has ranged from 4.65 to 14.81 over the past decade. While the company's 10-year median is 12.08 vs. the industry median of 2.08, Toly Bread 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 Retail - Defensive company?
The median Net Margin % among Retail - Defensive companies is 2.08, based on 310 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. Toly Bread Co's current Net Margin % of 4.43% is 113.5% 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 Toly Bread Co and its competitors. For the Retail - Defensive industry, the median Net Margin % is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toly Bread Co's current Net Margin % is 4.43%, which is 63% below median its own 10-year median of 12.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toly Bread Co stock overvalued right now?
Based on GuruFocus' analysis, Toly Bread Co (SHSE:603866) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.35, compared to a current price of ¥3.96 — trading 26% below its estimated fair value. The current Net Margin % is 4.43%, which is 63% below median its 10-year median of 12.08 and 113.5% above the Retail - Defensive industry median of 2.08. Toly Bread Co's overall GF Score™ is 67/100 with 6 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 Toly Bread Co (SHSE:603866), the current Net Margin % is 4.43% 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 Toly Bread Co (SHSE:603866) Overvalued in 2026?
Based on GuruFocus' analysis, Toly Bread Co stock appears to be undervalued.
The current stock price of ¥3.96 is trading 26% below its estimated GF Value™ of ¥5.35.
GuruFocus considers Toly Bread Co to be Modestly Undervalued.
Key valuation signals for SHSE:603866:
Net Margin %: 4.43% (63% below median its 10-year median of 12.08)
GF Value™: ¥5.35 vs. price of ¥3.96 (26% below fair value)
Industry Position: 113.5% above the Retail - Defensive median (#64 of 310)
No single metric tells the full story. See the SHSE:603866 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toly Bread Co Ltd is a China-based company engaged in the production, processing, and sale of baked goods such as bread, cakes, moon cakes, and dumplings. Its products portfolio includes peach and plum, peach bread and peach moon cake.
67GF Score
Get the complete analysis for SHSE:603866
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