Torex Gold ResourcesFRA:73GN +3.19%95 Operating Margin % is 54.24% as of Mar. 2026, which is 80% above its 10-year median of 30.16. GuruFocus rates FRA:73GN with a GF Score™ of 95/100 and a GF Value™ of €28.09 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 841 Metals & Mining companies, Torex Gold Resources ranks better than 90.96% on this metric.
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.
Torex Gold Resources Operating Margin % Related Terms
Torex Gold Resources Operating Margin % Historical Data
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The historical data trend for Torex Gold Resources'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:73GN vs NEM, AU: Operating Margin % Comparison
For the Gold subindustry, Torex Gold Resources'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.
Torex Gold Resources Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Torex Gold Resources's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Torex Gold Resources'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.
Torex Gold Resources'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.
Torex Gold Resources (FRA:73GN) has a Operating Margin % of 54.24% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Torex Gold Resources and its competitors. This is 80% above median its historical median of 30.16. Over the past decade, Torex Gold Resources' Operating Margin % has ranged from 4.54 to 45.88. According to the industry distribution chart, Torex Gold Resources ranks #76 out of 841 companies in the Metals & Mining industry, placing it in the top 9%.
Is Torex Gold Resources' Operating Margin % too high?
Torex Gold Resources' current Operating Margin % of 54.24% is 80% above median its 10-year median of 30.16. Over the past 10 years, this metric has ranged from a low of 4.54 to a high of 45.88. The Metals & Mining industry median Operating Margin % is 5.79. Torex Gold Resources' value of 54.24% is 836.8% above this industry median. Based on the distribution chart, Torex Gold Resources ranks #76 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Torex Gold Resources has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Torex Gold Resources' Operating Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Torex Gold Resources ranks #76 out of 841 companies for Operating Margin %. This places Torex Gold Resources in the top 9% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.79. Torex Gold Resources' value of 54.24% is 836.8% above this benchmark. Historically, Torex Gold Resources' own Operating Margin % has ranged from 4.54 to 45.88 over the past decade. While the company's 10-year median is 30.16 vs. the industry median of 5.79, Torex Gold Resources 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 Metals & Mining company?
The median Operating Margin % among Metals & Mining companies is 5.79, based on 841 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. Torex Gold Resources's current Operating Margin % of 54.24% is 836.8% 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 Torex Gold Resources and its competitors. For the Metals & Mining industry, the median Operating Margin % is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Torex Gold Resources's current Operating Margin % is 54.24%, which is 80% above median its own 10-year median of 30.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torex Gold Resources stock overvalued right now?
Based on GuruFocus' analysis, Torex Gold Resources (FRA:73GN) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.09, compared to a current price of €34.27 — trading 22% above its estimated fair value. The current Operating Margin % is 54.24%, which is 80% above median its 10-year median of 30.16 and 836.8% above the Metals & Mining industry median of 5.79. Torex Gold Resources' overall GF Score™ is 95/100 with 2 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 Torex Gold Resources (FRA:73GN), the current Operating Margin % is 54.24% 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 Torex Gold Resources (FRA:73GN) Overvalued in 2026?
Based on GuruFocus' analysis, Torex Gold Resources stock appears to be overvalued.
The current stock price of €34.27 is trading 22% above its estimated GF Value™ of €28.09.
GuruFocus considers Torex Gold Resources to be Modestly Overvalued.
Key valuation signals for FRA:73GN:
Operating Margin %: 54.24% (80% above median its 10-year median of 30.16)
GF Value™: €28.09 vs. price of €34.27 (22% above fair value)
Industry Position: 836.8% above the Metals & Mining median (#76 of 841)
No single metric tells the full story. See the FRA:73GN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. It also owns the Los Reyes gold-silver project in Sinaloa, Mexico, and has acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, USA. The majority of the company's revenue is generated from the sale of gold, followed by silver and copper.
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