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China Bills FinanceTPE:2820 62 Net Margin % is 53.05% as of Dec. 2025, which is 17% below its 10-year median of 64.07. GuruFocus rates TPE:2820 with a GF Score™ of 62/100 and a GF Value™ of NT$24.43 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 776 Capital Markets companies, China Bills Finance ranks better than 87.89% on this metric.
The historical rank and industry rank for China Bills Finance's Net Margin % or its related term are showing as below:
TPE:2820'
s Net Margin % Range Over the Past 10 Years
Min: 60.37 Med: 64.07 Max: 69.63
Current: 60.37
TPE:2820's Net Margin % is ranked better than 87.89% of 776
companies
in the Capital Markets industry
Industry Median: 14.7
vs TPE:2820: 60.37
China Bills Finance (TPE:2820) 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.
China Bills Finance Net Margin % Related Terms
China Bills Finance Net Margin % Historical Data
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The historical data trend for China Bills Finance'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 Capital Markets subindustry, China Bills Finance'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.
China Bills Finance Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, China Bills Finance's Net Margin % distribution charts can be found below:
* The bar in red indicates where China Bills Finance'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.
China Bills Finance (TPE:2820) has a Net Margin % of 53.05% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on China Bills Finance and its competitors. This is 17% below median its historical median of 64.07. Over the past decade, China Bills Finance's Net Margin % has ranged from 60.37 to 69.63. According to the industry distribution chart, China Bills Finance ranks #94 out of 776 companies in the Capital Markets industry, placing it in the top 12.1%.
Is China Bills Finance's Net Margin % too high?
China Bills Finance's current Net Margin % of 53.05% is 17% below median its 10-year median of 64.07. Over the past 10 years, this metric has ranged from a low of 60.37 to a high of 69.63. The Capital Markets industry median Net Margin % is 14.70. China Bills Finance's value of 53.05% is 260.9% above this industry median. Based on the distribution chart, China Bills Finance ranks #94 out of 776 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, China Bills Finance has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Bills Finance's Net Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, China Bills Finance ranks #94 out of 776 companies for Net Margin %. This places China Bills Finance in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 14.70. China Bills Finance's value of 53.05% is 260.9% above this benchmark. Historically, China Bills Finance's own Net Margin % has ranged from 60.37 to 69.63 over the past decade. While the company's 10-year median is 64.07 vs. the industry median of 14.70, China Bills Finance 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 14.70, based on 776 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. China Bills Finance's current Net Margin % of 53.05% is 260.9% 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 China Bills Finance and its competitors. For the Capital Markets industry, the median Net Margin % is 14.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Bills Finance's current Net Margin % is 53.05%, which is 17% below median its own 10-year median of 64.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Bills Finance stock overvalued right now?
Based on GuruFocus' analysis, China Bills Finance (TPE:2820) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$24.43, compared to a current price of NT$16.65 — trading 31.8% below its estimated fair value. The current Net Margin % is 53.05%, which is 17% below median its 10-year median of 64.07 and 260.9% above the Capital Markets industry median of 14.70. China Bills Finance's overall GF Score™ is 62/100 with 2 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 China Bills Finance (TPE:2820), the current Net Margin % is 53.05% 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 China Bills Finance (TPE:2820) Overvalued in 2026?
Based on GuruFocus' analysis, China Bills Finance stock appears to be undervalued.
The current stock price of NT$16.65 is trading 31.8% below its estimated GF Value™ of NT$24.43.
GuruFocus considers China Bills Finance to be Significantly Undervalued.
Key valuation signals for TPE:2820:
Net Margin %: 53.05% (17% below median its 10-year median of 64.07)
GF Value™: NT$24.43 vs. price of NT$16.65 (31.8% below fair value)
Industry Position: 260.9% above the Capital Markets median (#94 of 776)
No single metric tells the full story. See the TPE:2820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Bills Finance Corp focuses on corporate financing and fixed-income commodities. The company's business activities consist of certifying and underwriting of short-term bills and bank debentures; brokering or undertaking proprietary trading of short-term bills, bank debentures, government and corporate bonds, and foreign bonds; guaranteeing short-term bills; providing financial consulting services to enterprises; processing interbank call loans; equity investments; fixed-income security trading; (h) foreign-currency bills investment; and doing other businesses as authorized by relevant authorities. Its business is concentrated in Taiwan.
62GF Score
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