Dyno NobelASX:DNL +0.26%61 Operating Margin % is 9.52% as of Mar. 2026, which is 9% below its 10-year median of 10.45. GuruFocus rates ASX:DNL with a GF Score™ of 61/100 and a GF Value™ of A$2.23 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,585 Chemicals companies, Dyno Nobel ranks better than 82.71% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Dyno Nobel's Operating Income for the
six
months ended in Mar. 2026 was A$153 Mil. Dyno Nobel's Revenue for the
six
months ended in Mar. 2026 was A$1,610 Mil. Therefore, Dyno Nobel's Operating Margin % for the quarter that ended in Mar. 2026 was 9.52%.
Good Sign:
Dyno Nobel Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Dyno Nobel's Operating Margin % or its related term are showing as below:
ASX:DNL'
s Operating Margin % Range Over the Past 10 Years
Min: 5.53 Med: 10.45 Max: 20.26
Current: 14.91
ASX:DNL's Operating Margin % is ranked better than 82.71% of 1585
companies
in the Chemicals industry
Industry Median: 6.02
vs ASX:DNL: 14.91
Dyno Nobel's 5-Year Average Operating Margin % Growth Rate was 1.70% per year.
Dyno Nobel's Operating Income for the
six
months ended in Mar. 2026 was A$153 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was A$558 Mil.
Dyno Nobel (ASX:DNL) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Dyno Nobel Operating Margin % Related Terms
Dyno Nobel Operating Margin % Historical Data
* Premium members only.
The historical data trend for Dyno Nobel's Operating 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.
ASX:DNL vs LIN, SHW, ECL: Operating Margin % Comparison
For the Specialty Chemicals subindustry, Dyno Nobel's Operating Margin %, along with its competitors' market caps and Operating 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.
Dyno Nobel Operating Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dyno Nobel's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Dyno Nobel's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Dyno Nobel's Operating Margin % for the fiscal year that ended in Sep. 2025 is calculated as
* 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.
Dyno Nobel (ASX:DNL) has a Operating Margin % of 9.52% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Dyno Nobel and its competitors. This is near median its historical median of 10.45. Over the past decade, Dyno Nobel's Operating Margin % has ranged from 5.53 to 20.26. According to the industry distribution chart, Dyno Nobel ranks #274 out of 1585 companies in the Chemicals industry, placing it in the top 17.3%.
Is Dyno Nobel's Operating Margin % too high?
Dyno Nobel's current Operating Margin % of 9.52% is near median its 10-year median of 10.45. Over the past 10 years, this metric has ranged from a low of 5.53 to a high of 20.26. The Chemicals industry median Operating Margin % is 6.02. Dyno Nobel's value of 9.52% is 58.1% above this industry median. Based on the distribution chart, Dyno Nobel ranks #274 out of 1585 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Dyno Nobel has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dyno Nobel's Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Dyno Nobel ranks #274 out of 1585 companies for Operating Margin %. This places Dyno Nobel in the top 17% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.02. Dyno Nobel's value of 9.52% is 58.1% above this benchmark. Historically, Dyno Nobel's own Operating Margin % has ranged from 5.53 to 20.26 over the past decade. While the company's 10-year median is 10.45 vs. the industry median of 6.02, Dyno Nobel 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 Operating Margin % for a Chemicals company?
The median Operating Margin % among Chemicals companies is 6.02, based on 1,585 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dyno Nobel's current Operating Margin % of 9.52% is 58.1% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Dyno Nobel and its competitors. For the Chemicals industry, the median Operating Margin % is 6.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dyno Nobel's current Operating Margin % is 9.52%, which is near median its own 10-year median of 10.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dyno Nobel stock overvalued right now?
Based on GuruFocus' analysis, Dyno Nobel (ASX:DNL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.23, compared to a current price of A$3.86 — trading 73.1% above its estimated fair value. The current Operating Margin % is 9.52%, which is near median its 10-year median of 10.45 and 58.1% above the Chemicals industry median of 6.02. Dyno Nobel's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Dyno Nobel (ASX:DNL), the current Operating Margin % is 9.52% 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 Dyno Nobel (ASX:DNL) Overvalued in 2026?
Based on GuruFocus' analysis, Dyno Nobel stock appears to be overvalued.
The current stock price of A$3.86 is trading 73.1% above its estimated GF Value™ of A$2.23.
GuruFocus considers Dyno Nobel to be Significantly Overvalued.
Key valuation signals for ASX:DNL:
Operating Margin %: 9.52% (near median its 10-year median of 10.45)
GF Value™: A$2.23 vs. price of A$3.86 (73.1% above fair value)
Industry Position: 58.1% above the Chemicals median (#274 of 1585)
No single metric tells the full story. See the ASX:DNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dyno Nobel is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives traditionally contributed around 80% of EBIT, but with the sale of the fertilizers business, this moves to 100%.
61GF Score
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