Salzgitter AG (FRA:SZGA) Operating Margin %: -0.92% (As of Mar. 2026)


FRA:SZGA Salzgitter AG FRA:SZGA
62 GF Score
Price €4.58
GF Value €1.99
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Salzgitter AG Operating Margin %?

Salzgitter AG FRA:SZGA -6.91% 62 Operating Margin % is -0.92% as of Mar. 2026. GuruFocus rates FRA:SZGA with a GF Score™ of 62/100 and a GF Value™ of €1.99 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 616 Steel companies, Salzgitter AG ranks worse than 78.41% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Salzgitter AG's Operating Income for the three months ended in Mar. 2026 was €-22 Mil. Salzgitter AG's Revenue for the three months ended in Mar. 2026 was €2,345 Mil. Therefore, Salzgitter AG's Operating Margin % for the quarter that ended in Mar. 2026 was -0.92%.

The historical rank and industry rank for Salzgitter AG's Operating Margin % or its related term are showing as below:

FRA:SZGA' s Operating Margin % Range Over the Past 10 Years
Min: -5.14   Med: 1.34   Max: 8.08
Current: -1.35


FRA:SZGA's Operating Margin % is ranked worse than
78.41% of 616 companies
in the Steel industry
Industry Median: 3 vs FRA:SZGA: -1.35

Salzgitter AG's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Salzgitter AG's Operating Income for the three months ended in Mar. 2026 was €-22 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €-121 Mil.

Warning Sign:

Salzgitter AG had lost money in 67% of the time over the past 12quarters.


Salzgitter AG  (FRA:SZGA) 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 Nokia’s 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.


Salzgitter AG Operating Margin % Related Terms


Salzgitter AG Operating Margin % Historical Data

* Premium members only.

The historical data trend for Salzgitter AG'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.

Salzgitter AG Operating Margin % Chart

Salzgitter AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.78 8.08 2.17 -5.14 -1.68

Salzgitter AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.19 -2.81 1.09 -2.75 -0.92

FRA:SZGA vs NUE, STLD, RS: Operating Margin % Comparison

For the Steel subindustry, Salzgitter AG'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.


Salzgitter AG Operating Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Salzgitter AG's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Salzgitter AG's Operating Margin % falls into.


FRA:SZGA
62GF Score
Salzgitter AG FRA:SZGA
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Salzgitter AG Operating Margin % Calculation

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.

Salzgitter AG's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-150.9 / 8981.3
=-1.68 %

Salzgitter AG's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-21.6 / 2345.1
=-0.92 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -0.92% mean?
Salzgitter AG (FRA:SZGA) has a Operating Margin % of -0.92% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Salzgitter AG and its competitors. According to the industry distribution chart, Salzgitter AG ranks #483 out of 616 companies in the Steel industry, placing it in the top 78.4%.
Is Salzgitter AG's Operating Margin % too high?
Salzgitter AG's current Operating Margin % is -0.92%. Based on the distribution chart, Salzgitter AG ranks #483 out of 616 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Salzgitter AG has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salzgitter AG's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Salzgitter AG ranks #483 out of 616 companies for Operating Margin %. This places Salzgitter AG in the lower half of its industry. The industry median Operating Margin % is 3.00. 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 Steel company?
The median Operating Margin % among Steel companies is 3.00, based on 616 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. 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 Salzgitter AG and its competitors. For the Steel industry, the median Operating Margin % is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salzgitter AG's current Operating Margin % is -0.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salzgitter AG stock overvalued right now?
Based on GuruFocus' analysis, Salzgitter AG (FRA:SZGA) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.99, compared to a current price of €4.58 — trading 130.2% above its estimated fair value. The current Operating Margin % is -0.92%. Salzgitter AG's overall GF Score™ is 62/100 with 4 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 Salzgitter AG (FRA:SZGA), the current Operating Margin % is -0.92% 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 Salzgitter AG (FRA:SZGA) Overvalued in 2026?

Based on GuruFocus' analysis, Salzgitter AG stock appears to be overvalued. The current stock price of €4.58 is trading 130.2% above its estimated GF Value™ of €1.99. GuruFocus considers Salzgitter AG to be Significantly Overvalued.

Key valuation signals for FRA:SZGA:

  • Operating Margin %: -0.92%
  • GF Value™: €1.99 vs. price of €4.58 (130.2% above fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the FRA:SZGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Salzgitter AG Business Description

Address Eisenhuttenstrasse 99, Salzgitter, DEU, 38239
Salzgitter AG operates as a holding company. It has four divisions: Steel Production, Steel Processing, Trading and Technology. The majority is derived from the Steel Production segment, which manufactures high-quality branded steel & special steel. Its core product offerings include strip steel articles, seamless and welded steel pipes and tubes, and heavy plate count.
62GF Score

Get the complete analysis for FRA:SZGA

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.58
Price
€1.99
GF Value