DHA:BATBC'
s Operating Margin % Range Over the Past 10 Years
Min: 24.19 Med: 35.01 Max: 40.29
Current: 24.19
DHA:BATBC's Operating Margin % is ranked better than 77.08% of 48
companies
in the Tobacco Products industry
Industry Median: 9.365
vs DHA:BATBC: 24.19
British American Tobacco Bangladesh Co (DHA:BATBC) 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.
British American Tobacco Bangladesh Co Operating Margin % Related Terms
British American Tobacco Bangladesh Co Operating 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.
British American Tobacco Bangladesh Co Operating Margin % Chart
British American Tobacco Bangladesh Co Annual Data
DHA:BATBC vs PM, MO, TPB: Operating Margin % Comparison
For the Tobacco subindustry, British American Tobacco Bangladesh Co'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.
British American Tobacco Bangladesh Co Operating Margin % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco Bangladesh Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where British American Tobacco Bangladesh Co's Operating Margin % falls into.
British American Tobacco Bangladesh Co Operating Margin % Calculation
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.
* 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.
British American Tobacco Bangladesh Co (DHA:BATBC) has a Operating Margin % of 37.95% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on British American Tobacco Bangladesh Co and its competitors. This is near median its historical median of 35.01. Over the past decade, British American Tobacco Bangladesh Co's Operating Margin % has ranged from 24.19 to 40.29. According to the industry distribution chart, British American Tobacco Bangladesh Co ranks #11 out of 48 companies in the Tobacco Products industry, placing it in the top 22.9%.
Is British American Tobacco Bangladesh Co's Operating Margin % too high?
British American Tobacco Bangladesh Co's current Operating Margin % of 37.95% is near median its 10-year median of 35.01. Over the past 10 years, this metric has ranged from a low of 24.19 to a high of 40.29. The Tobacco Products industry median Operating Margin % is 9.37. British American Tobacco Bangladesh Co's value of 37.95% is 305.2% above this industry median. Based on the distribution chart, British American Tobacco Bangladesh Co ranks #11 out of 48 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, British American Tobacco Bangladesh Co has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco Bangladesh Co's Operating Margin % compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Bangladesh Co ranks #11 out of 48 companies for Operating Margin %. This places British American Tobacco Bangladesh Co in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 9.37. British American Tobacco Bangladesh Co's value of 37.95% is 305.2% above this benchmark. Historically, British American Tobacco Bangladesh Co's own Operating Margin % has ranged from 24.19 to 40.29 over the past decade. While the company's 10-year median is 35.01 vs. the industry median of 9.37, British American Tobacco Bangladesh 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 Operating Margin % for a Tobacco Products company?
The median Operating Margin % among Tobacco Products companies is 9.37, based on 48 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. British American Tobacco Bangladesh Co's current Operating Margin % of 37.95% is 305.2% 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 British American Tobacco Bangladesh Co and its competitors. For the Tobacco Products industry, the median Operating Margin % is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Bangladesh Co's current Operating Margin % is 37.95%, which is near median its own 10-year median of 35.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British American Tobacco Bangladesh Co stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco Bangladesh Co (DHA:BATBC) is currently considered Possible Value Trap. The stock's GF Value™ is BDT309.31, compared to a current price of BDT217.50 — trading 29.7% below its estimated fair value. The current Operating Margin % is 37.95%, which is near median its 10-year median of 35.01 and 305.2% above the Tobacco Products industry median of 9.37. British American Tobacco Bangladesh Co's overall GF Score™ is 85/100 with 9 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 British American Tobacco Bangladesh Co (DHA:BATBC), the current Operating Margin % is 37.95% 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 British American Tobacco Bangladesh Co (DHA:BATBC) Overvalued in 2026?
Based on GuruFocus' analysis, British American Tobacco Bangladesh Co stock appears to be undervalued.
The current stock price of BDT217.50 is trading 29.7% below its estimated GF Value™ of BDT309.31.
GuruFocus considers British American Tobacco Bangladesh Co to be Possible Value Trap.
Key valuation signals for DHA:BATBC:
Operating Margin %: 37.95% (near median its 10-year median of 35.01)
GF Value™: BDT309.31 vs. price of BDT217.50 (29.7% below fair value)
Industry Position: 305.2% above the Tobacco Products median (#11 of 48)
No single metric tells the full story. See the DHA:BATBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
British American Tobacco Bangladesh Co Business Description
British American Tobacco Bangladesh Co Ltd is engaged in the manufacturing and marketing of cigarettes in Bangladesh. It manufactures and markets brands including Benson & Hedges, John Player Gold Leaf, John Player Series, Capstan, Lucky Strike, Star, Royals, Derby, Pilot, and Hollywood.
85GF Score
Get the complete analysis for DHA:BATBC
Operating 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
DHA:BATBC has been successfully added to your 
