Jardine Matheson HoldingsFRA:H4W +4.15%78 Operating Margin % is 11.24% as of Dec. 2025, which is 13% above its 10-year median of 9.94. GuruFocus rates FRA:H4W with a GF Score™ of 78/100 and a GF Value™ of €36.45 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 545 Conglomerates companies, Jardine Matheson Holdings ranks better than 67.89% 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.
Jardine Matheson Holdings Operating Margin % Related Terms
Jardine Matheson Holdings 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.
FRA:H4W vs HON, MMM: Operating Margin % Comparison
For the Conglomerates subindustry, Jardine Matheson Holdings'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.
Jardine Matheson Holdings Operating Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Jardine Matheson Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Jardine Matheson Holdings'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.
Jardine Matheson Holdings'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.
Jardine Matheson Holdings (FRA:H4W) has a Operating Margin % of 11.24% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Jardine Matheson Holdings and its competitors. This is 13% above median its historical median of 9.94. Over the past decade, Jardine Matheson Holdings' Operating Margin % has ranged from 7.66 to 13.60. According to the industry distribution chart, Jardine Matheson Holdings ranks #175 out of 545 companies in the Conglomerates industry, placing it in the top 32.1%.
Is Jardine Matheson Holdings' Operating Margin % too high?
Jardine Matheson Holdings' current Operating Margin % of 11.24% is 13% above median its 10-year median of 9.94. Over the past 10 years, this metric has ranged from a low of 7.66 to a high of 13.60. The Conglomerates industry median Operating Margin % is 5.93. Jardine Matheson Holdings' value of 11.24% is 89.5% above this industry median. Based on the distribution chart, Jardine Matheson Holdings ranks #175 out of 545 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Jardine Matheson Holdings has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jardine Matheson Holdings' Operating Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Jardine Matheson Holdings ranks #175 out of 545 companies for Operating Margin %. This puts Jardine Matheson Holdings in the upper half of its industry. The industry median Operating Margin % is 5.93. Jardine Matheson Holdings' value of 11.24% is 89.5% above this benchmark. Historically, Jardine Matheson Holdings' own Operating Margin % has ranged from 7.66 to 13.60 over the past decade. While the company's 10-year median is 9.94 vs. the industry median of 5.93, Jardine Matheson Holdings 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 Conglomerates company?
The median Operating Margin % among Conglomerates companies is 5.93, based on 545 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. Jardine Matheson Holdings's current Operating Margin % of 11.24% is 89.5% 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 Jardine Matheson Holdings and its competitors. For the Conglomerates industry, the median Operating Margin % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jardine Matheson Holdings's current Operating Margin % is 11.24%, which is 13% above median its own 10-year median of 9.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Matheson Holdings stock overvalued right now?
Based on GuruFocus' analysis, Jardine Matheson Holdings (FRA:H4W) is currently considered Significantly Overvalued. The stock's GF Value™ is €36.45, compared to a current price of €56.50 — trading 55% above its estimated fair value. The current Operating Margin % is 11.24%, which is 13% above median its 10-year median of 9.94 and 89.5% above the Conglomerates industry median of 5.93. Jardine Matheson Holdings' overall GF Score™ is 78/100 with 3 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 Jardine Matheson Holdings (FRA:H4W), the current Operating Margin % is 11.24% 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 Jardine Matheson Holdings (FRA:H4W) Overvalued in 2026?
Based on GuruFocus' analysis, Jardine Matheson Holdings stock appears to be overvalued.
The current stock price of €56.50 is trading 55% above its estimated GF Value™ of €36.45.
GuruFocus considers Jardine Matheson Holdings to be Significantly Overvalued.
Key valuation signals for FRA:H4W:
Operating Margin %: 11.24% (13% above median its 10-year median of 9.94)
GF Value™: €36.45 vs. price of €56.50 (55% above fair value)
Industry Position: 89.5% above the Conglomerates median (#175 of 545)
No single metric tells the full story. See the FRA:H4W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jardine Matheson Holdings Ltd is a conglomerate of businesses operating in Greater China and Southeast Asia. The affiliates offer products and services in motor vehicles and related operations, property investment and development, food retailing, home furnishing, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining, and agribusiness. In terms of net income, key businesses within the group are Hong Kong Land and Dairy Farm, which are property investment firms and food retailers, respectively.
78GF Score
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