Anglogold AshantiFRA:HT3 -2.89%84 Operating Margin % is 56.06% as of Mar. 2026, which is 213% above its 10-year median of 17.92. GuruFocus rates FRA:HT3 with a GF Score™ of 84/100 and a GF Value™ of €47.07 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 841 Metals & Mining companies, Anglogold Ashanti ranks better than 91.91% 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.
Anglogold Ashanti Operating Margin % Related Terms
Anglogold Ashanti Operating Margin % Historical Data
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The historical data trend for Anglogold Ashanti'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:HT3 vs CDE, RGLD, AUGO: Operating Margin % Comparison
For the Gold subindustry, Anglogold Ashanti'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.
Anglogold Ashanti Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti'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.
Anglogold Ashanti'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.
Anglogold Ashanti (FRA:HT3) has a Operating Margin % of 56.06% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Anglogold Ashanti and its competitors. This is 213% above median its historical median of 17.92. Over the past decade, Anglogold Ashanti's Operating Margin % has ranged from 12.53 to 47.79. According to the industry distribution chart, Anglogold Ashanti ranks #68 out of 841 companies in the Metals & Mining industry, placing it in the top 8.1%.
Is Anglogold Ashanti's Operating Margin % too high?
Anglogold Ashanti's current Operating Margin % of 56.06% is 213% above median its 10-year median of 17.92. Over the past 10 years, this metric has ranged from a low of 12.53 to a high of 47.79. The Metals & Mining industry median Operating Margin % is 5.72. Anglogold Ashanti's value of 56.06% is 880.1% above this industry median. Based on the distribution chart, Anglogold Ashanti ranks #68 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Anglogold Ashanti has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Operating Margin % compare to CDE and RGLD?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #68 out of 841 companies for Operating Margin %. This places Anglogold Ashanti in the top 8% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.72. Anglogold Ashanti's value of 56.06% is 880.1% above this benchmark. Historically, Anglogold Ashanti's own Operating Margin % has ranged from 12.53 to 47.79 over the past decade. While the company's 10-year median is 17.92 vs. the industry median of 5.72, Anglogold Ashanti 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. Anglogold Ashanti's current Operating Margin % of 56.06% is 880.1% 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 Anglogold Ashanti 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. Anglogold Ashanti's current Operating Margin % is 56.06%, which is 213% above median its own 10-year median of 17.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (FRA:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €47.07, compared to a current price of €70.00 — trading 48.7% above its estimated fair value. The current Operating Margin % is 56.06%, which is 213% above median its 10-year median of 17.92 and 880.1% above the Metals & Mining industry median of 5.72. Anglogold Ashanti's overall GF Score™ is 84/100 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 Anglogold Ashanti (FRA:HT3), the current Operating Margin % is 56.06% 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 Anglogold Ashanti (FRA:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €70.00 is trading 48.7% above its estimated GF Value™ of €47.07.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for FRA:HT3:
Operating Margin %: 56.06% (213% above median its 10-year median of 17.92)
GF Value™: €47.07 vs. price of €70.00 (48.7% above fair value)
Industry Position: 880.1% above the Metals & Mining median (#68 of 841)
No single metric tells the full story. See the FRA:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
84GF Score
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