Eldorado GoldHAM:ELO1 +1.72%92 Operating Margin % is 49.10% as of Mar. 2026, which is 190% above its 10-year median of 16.94. GuruFocus rates HAM:ELO1 with a GF Score™ of 92/100 and a GF Value™ of €27.34. The stock has 2 warning signs investors should review. Among 841 Metals & Mining companies, Eldorado Gold ranks better than 90.01% 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.
Eldorado Gold Operating Margin % Related Terms
Eldorado Gold Operating Margin % Historical Data
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The historical data trend for Eldorado Gold'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.
HAM:ELO1 vs NEM, AU: Operating Margin % Comparison
For the Gold subindustry, Eldorado Gold'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.
Eldorado Gold Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Eldorado Gold's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Eldorado Gold'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.
Eldorado Gold'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.
Eldorado Gold (HAM:ELO1) has a Operating Margin % of 49.10% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Eldorado Gold and its competitors. This is 190% above median its historical median of 16.94. According to the industry distribution chart, Eldorado Gold ranks #84 out of 841 companies in the Metals & Mining industry, placing it in the top 10%.
Is Eldorado Gold's Operating Margin % too high?
Eldorado Gold's current Operating Margin % of 49.10% is 190% above median its 10-year median of 16.94. The Metals & Mining industry median Operating Margin % is 5.79. Eldorado Gold's value of 49.10% is 748% above this industry median. Based on the distribution chart, Eldorado Gold ranks #84 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Eldorado Gold has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Eldorado Gold's Operating Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Eldorado Gold ranks #84 out of 841 companies for Operating Margin %. This places Eldorado Gold in the top 10% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.79. Eldorado Gold's value of 49.10% is 748% above this benchmark. While the company's 10-year median is 16.94 vs. the industry median of 5.79, Eldorado Gold 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. Eldorado Gold's current Operating Margin % of 49.10% is 748% 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 Eldorado Gold 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. Eldorado Gold's current Operating Margin % is 49.10%, which is 190% above median its own 10-year median of 16.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eldorado Gold stock overvalued right now?
Eldorado Gold (HAM:ELO1) has a current Operating Margin % of 49.10%. The stock's GF Value™ is €27.34, compared to a current price of €25.98 — trading 5% below its estimated fair value. The current Operating Margin % is 49.10%, which is 190% above median its 10-year median of 16.94 and 748% above the Metals & Mining industry median of 5.79. Eldorado Gold's overall GF Score™ is 92/100 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 Eldorado Gold (HAM:ELO1), the current Operating Margin % is 49.10% 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 Eldorado Gold (HAM:ELO1) Overvalued in 2026?
Based on GuruFocus' analysis, Eldorado Gold stock appears to be undervalued.
The current stock price of €25.98 is trading 5% below its estimated GF Value™ of €27.34.
Key valuation signals for HAM:ELO1:
Operating Margin %: 49.10% (190% above median its 10-year median of 16.94)
GF Value™: €27.34 vs. price of €25.98 (5% below fair value)
Industry Position: 748% above the Metals & Mining median (#84 of 841)
No single metric tells the full story. See the HAM:ELO1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, and Greece. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects. It has three geographical segments: The Turkiye reporting segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkiye. The Canada reporting segment that derives maximum revenue, includes Lamaque and exploration activities in Canada. The Greece reporting segment includes the Olympias mine, the Skouries and Perama Hill projects and exploration activities in Greece.
92GF Score
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