HKT Trust and HKTFRA:4HK 83 Operating Margin % is 25.44% as of Dec. 2025, which is 14% above its 10-year median of 22.38. GuruFocus rates FRA:4HK with a GF Score™ of 83/100 and a GF Value™ of €1.12 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 367 Telecommunication Services companies, HKT Trust and HKT ranks better than 80.93% on this metric.
HKT Trust and HKT Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for HKT Trust and HKT's Operating Margin % or its related term are showing as below:
FRA:4HK'
s Operating Margin % Range Over the Past 10 Years
Min: 20.16 Med: 22.38 Max: 24.38
Current: 23.3
FRA:4HK's Operating Margin % is ranked better than 80.93% of 367
companies
in the Telecommunication Services industry
Industry Median: 9.73
vs FRA:4HK: 23.30
HKT Trust and HKT's 5-Year Average Operating Margin % Growth Rate was 1.50% per year.
HKT Trust and HKT (FRA:4HK) 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.
HKT Trust and HKT Operating Margin % Related Terms
HKT Trust and HKT Operating Margin % Historical Data
* Premium members only.
The historical data trend for HKT Trust and HKT'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.
FRA:4HK vs TMUS, VZ, T: Operating Margin % Comparison
For the Telecom Services subindustry, HKT Trust and HKT'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.
HKT Trust and HKT Operating Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, HKT Trust and HKT's Operating Margin % distribution charts can be found below:
* The bar in red indicates where HKT Trust and HKT'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.
HKT Trust and HKT's Operating Margin % for the fiscal year that ended in Dec. 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.
HKT Trust and HKT (FRA:4HK) has a Operating Margin % of 25.44% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on HKT Trust and HKT and its competitors. This is 14% above median its historical median of 22.38. Over the past decade, HKT Trust and HKT's Operating Margin % has ranged from 20.16 to 24.38. According to the industry distribution chart, HKT Trust and HKT ranks #70 out of 367 companies in the Telecommunication Services industry, placing it in the top 19.1%.
Is HKT Trust and HKT's Operating Margin % too high?
HKT Trust and HKT's current Operating Margin % of 25.44% is 14% above median its 10-year median of 22.38. Over the past 10 years, this metric has ranged from a low of 20.16 to a high of 24.38. The Telecommunication Services industry median Operating Margin % is 9.73. HKT Trust and HKT's value of 25.44% is 161.5% above this industry median. Based on the distribution chart, HKT Trust and HKT ranks #70 out of 367 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, HKT Trust and HKT has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HKT Trust and HKT's Operating Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, HKT Trust and HKT ranks #70 out of 367 companies for Operating Margin %. This places HKT Trust and HKT in the top 19% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 9.73. HKT Trust and HKT's value of 25.44% is 161.5% above this benchmark. Historically, HKT Trust and HKT's own Operating Margin % has ranged from 20.16 to 24.38 over the past decade. While the company's 10-year median is 22.38 vs. the industry median of 9.73, HKT Trust and HKT 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 Telecommunication Services company?
The median Operating Margin % among Telecommunication Services companies is 9.73, based on 367 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. HKT Trust and HKT's current Operating Margin % of 25.44% is 161.5% 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 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 HKT Trust and HKT and its competitors. For the Telecommunication Services industry, the median Operating Margin % is 9.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HKT Trust and HKT's current Operating Margin % is 25.44%, which is 14% above median its own 10-year median of 22.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HKT Trust and HKT stock overvalued right now?
Based on GuruFocus' analysis, HKT Trust and HKT (FRA:4HK) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.12, compared to a current price of €1.28 — trading 14.3% above its estimated fair value. The current Operating Margin % is 25.44%, which is 14% above median its 10-year median of 22.38 and 161.5% above the Telecommunication Services industry median of 9.73. HKT Trust and HKT's overall GF Score™ is 83/100 with 5 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 HKT Trust and HKT (FRA:4HK), the current Operating Margin % is 25.44% 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 HKT Trust and HKT (FRA:4HK) Overvalued in 2026?
Based on GuruFocus' analysis, HKT Trust and HKT stock appears to be overvalued.
The current stock price of €1.28 is trading 14.3% above its estimated GF Value™ of €1.12.
GuruFocus considers HKT Trust and HKT to be Modestly Overvalued.
Key valuation signals for FRA:4HK:
Operating Margin %: 25.44% (14% above median its 10-year median of 22.38)
GF Value™: €1.12 vs. price of €1.28 (14.3% above fair value)
Industry Position: 161.5% above the Telecommunication Services median (#70 of 367)
No single metric tells the full story. See the FRA:4HK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HKT Trust and HKT Ltd is a triple-play telecommunications provider that operates through three segments, telecommunications services, mobile, and Other businesses. Telecommunication services are the larger business segment and generates revenue by providing technology and telecommunications and related services including enterprise solutions, total home solutions, healthtech services, and media entertainment. The Mobile segment represents mobile telecommunications businesses in Hong Kong, and the other segment comprises other new businesses such as The Club's loyalty platform and HKT Financial Services, and corporate support functions. The company's key revenue is generated from Hong Kong.
83GF Score
Get the complete analysis for FRA:4HK
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
FRA:4HK has been successfully added to your 
