Ecora RoyaltiesFRA:HGR -3.28%54 Operating Margin % is 52.07% as of Dec. 2025, which is 21% below its 10-year median of 66.32. GuruFocus rates FRA:HGR with a GF Score™ of 54/100 and a GF Value™ of €0.76 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 841 Metals & Mining companies, Ecora Royalties ranks better than 89.3% 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.
Ecora Royalties Operating Margin % Related Terms
Ecora Royalties Operating Margin % Historical Data
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The historical data trend for Ecora Royalties'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.
For the Other Industrial Metals & Mining subindustry, Ecora Royalties'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.
Ecora Royalties Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ecora Royalties's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ecora Royalties'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.
Ecora Royalties'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.
Ecora Royalties (FRA:HGR) has a Operating Margin % of 52.07% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Ecora Royalties and its competitors. This is 21% below median its historical median of 66.32. Over the past decade, Ecora Royalties' Operating Margin % has ranged from 43.98 to 80.21. According to the industry distribution chart, Ecora Royalties ranks #90 out of 841 companies in the Metals & Mining industry, placing it in the top 10.7%.
Is Ecora Royalties' Operating Margin % too high?
Ecora Royalties' current Operating Margin % of 52.07% is 21% below median its 10-year median of 66.32. Over the past 10 years, this metric has ranged from a low of 43.98 to a high of 80.21. The Metals & Mining industry median Operating Margin % is 5.72. Ecora Royalties' value of 52.07% is 810.3% above this industry median. Based on the distribution chart, Ecora Royalties ranks #90 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Ecora Royalties has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecora Royalties' Operating Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Ecora Royalties ranks #90 out of 841 companies for Operating Margin %. This places Ecora Royalties in the top 11% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.72. Ecora Royalties' value of 52.07% is 810.3% above this benchmark. Historically, Ecora Royalties' own Operating Margin % has ranged from 43.98 to 80.21 over the past decade. While the company's 10-year median is 66.32 vs. the industry median of 5.72, Ecora Royalties 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 5.72, 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. Ecora Royalties's current Operating Margin % of 52.07% is 810.3% 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 Ecora Royalties and its competitors. For the Metals & Mining industry, the median Operating Margin % is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecora Royalties's current Operating Margin % is 52.07%, which is 21% below median its own 10-year median of 66.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecora Royalties stock overvalued right now?
Based on GuruFocus' analysis, Ecora Royalties (FRA:HGR) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.76, compared to a current price of €1.59 — trading 109.2% above its estimated fair value. The current Operating Margin % is 52.07%, which is 21% below median its 10-year median of 66.32 and 810.3% above the Metals & Mining industry median of 5.72. Ecora Royalties' overall GF Score™ is 54/100 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 Ecora Royalties (FRA:HGR), the current Operating Margin % is 52.07% 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 Ecora Royalties (FRA:HGR) Overvalued in 2026?
Based on GuruFocus' analysis, Ecora Royalties stock appears to be overvalued.
The current stock price of €1.59 is trading 109.2% above its estimated GF Value™ of €0.76.
GuruFocus considers Ecora Royalties to be Significantly Overvalued.
Key valuation signals for FRA:HGR:
Operating Margin %: 52.07% (21% below median its 10-year median of 66.32)
GF Value™: €0.76 vs. price of €1.59 (109.2% above fair value)
Industry Position: 810.3% above the Metals & Mining median (#90 of 841)
No single metric tells the full story. See the FRA:HGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecora Royalties PLC is a critical minerals focused royalty company with a portfolio of royalties and streams that generate cash flow. Its portfolio includes copper and other commodities related to electrification trends. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others. The company's segments include Cobalt, Royalty, Copper Royalties, Nickel Royalties, Steelmaking Royalties, Uranium Royalties, and Others. The majority of revenue is derived from the Steelmaking Royalties segment. Geographically, the maximum revenue is generated from the Americas royalties.
54GF Score
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