San Far Property (TPE:9946) Net Margin %: 36.33% (As of Mar. 2026) — 144% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:9946 San Far Property Ltd TPE:9946
40 GF Score
Price NT$18.15
! 6 Warning Signs
View Full Analysis

What is San Far Property Net Margin %?

San Far Property TPE:9946 -0.27% 40 Net Margin % is 36.33% as of Mar. 2026, which is 144% above its 10-year median of 14.91. GuruFocus rates TPE:9946 with a GF Score™ of 40/100. The stock has 6 warning signs investors should review. Among 1,754 Real Estate companies, San Far Property ranks better than 76.74% on this metric.

Net margin is calculated as Net Income divided by its Revenue. San Far Property's Net Income for the three months ended in Mar. 2026 was NT$831 Mil. San Far Property's Revenue for the three months ended in Mar. 2026 was NT$2,286 Mil. Therefore, San Far Property's net margin for the quarter that ended in Mar. 2026 was 36.33%.

The historical rank and industry rank for San Far Property's Net Margin % or its related term are showing as below:

TPE:9946' s Net Margin % Range Over the Past 10 Years
Min: 6.14   Med: 14.91   Max: 31.98
Current: 31.98


TPE:9946's Net Margin % is ranked better than
76.74% of 1754 companies
in the Real Estate industry
Industry Median: 7.98 vs TPE:9946: 31.98

San Far Property  (TPE:9946) 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.


San Far Property Net Margin % Related Terms


San Far Property Net Margin % Historical Data

* Premium members only.

The historical data trend for San Far Property'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.

San Far Property Net Margin % Chart

San Far Property Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.95 6.14 9.23 18.48 0.00

San Far Property Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -85.96 -191.36 -57.90 0.00 36.33

San Far Property Net Margin % Competitor Comparison

For the Real Estate - Diversified subindustry, San Far Property'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.


San Far Property Net Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, San Far Property's Net Margin % distribution charts can be found below:

* The bar in red indicates where San Far Property's Net Margin % falls into.


TPE:9946
40GF Score
San Far Property Ltd TPE:9946
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

San Far Property Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

San Far Property's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=0/0
= %

San Far Property's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=830.572/2286.025
=36.33 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 36.33% mean?
San Far Property (TPE:9946) has a Net Margin % of 36.33% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on San Far Property and its competitors. This is 144% above median its historical median of 14.91. Over the past decade, San Far Property's Net Margin % has ranged from 6.14 to 31.98. According to the industry distribution chart, San Far Property ranks #408 out of 1754 companies in the Real Estate industry, placing it in the top 23.3%.
Is San Far Property's Net Margin % too high?
San Far Property's current Net Margin % of 36.33% is 144% above median its 10-year median of 14.91. Over the past 10 years, this metric has ranged from a low of 6.14 to a high of 31.98. The Real Estate industry median Net Margin % is 7.98. San Far Property's value of 36.33% is 355.3% above this industry median. Based on the distribution chart, San Far Property ranks #408 out of 1754 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, San Far Property has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does San Far Property's Net Margin % compare to competitors?
According to the Real Estate industry distribution chart, San Far Property ranks #408 out of 1754 companies for Net Margin %. This places San Far Property in the top 23% of its industry — outperforming the majority of peers. The industry median Net Margin % is 7.98. San Far Property's value of 36.33% is 355.3% above this benchmark. Historically, San Far Property's own Net Margin % has ranged from 6.14 to 31.98 over the past decade. While the company's 10-year median is 14.91 vs. the industry median of 7.98, San Far Property 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 Real Estate company?
The median Net Margin % among Real Estate companies is 7.98, based on 1,754 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. San Far Property's current Net Margin % of 36.33% is 355.3% 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 San Far Property and its competitors. For the Real Estate industry, the median Net Margin % is 7.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Far Property's current Net Margin % is 36.33%, which is 144% above median its own 10-year median of 14.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Far Property stock overvalued right now?
San Far Property (TPE:9946) has a current Net Margin % of 36.33%. The current Net Margin % is 36.33%, which is 144% above median its 10-year median of 14.91 and 355.3% above the Real Estate industry median of 7.98. San Far Property's overall GF Score™ is 40/100 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 San Far Property (TPE:9946), the current Net Margin % is 36.33% 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.

San Far Property Business Description

Address No. 30, Section 3, Bode Road, 12th Floor, Songshan District, Taipei, TWN
San Far Property Ltd is a Taiwan-based real estate company. The main activities of the company include residential and building development, leasing and sales, and real estate leasing.
40GF Score

Get the complete analysis for TPE:9946

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$18.15
Price