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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Associated International HotelsHKSE:00105 63 Operating Margin % is 52.44% as of Mar. 2026, which is 19% below its 10-year median of 64.61. GuruFocus rates HKSE:00105 with a GF Score™ of 63/100 and a GF Value™ of HK$5.18 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,748 Real Estate companies, Associated International Hotels ranks better than 86.84% on this metric.
Associated International Hotels Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.5%.
The historical rank and industry rank for Associated International Hotels's Operating Margin % or its related term are showing as below:
HKSE:00105'
s Operating Margin % Range Over the Past 10 Years
Min: 53.62 Med: 64.61 Max: 81.97
Current: 53.62
HKSE:00105's Operating Margin % is ranked better than 86.84% of 1748
companies
in the Real Estate industry
Industry Median: 12.795
vs HKSE:00105: 53.62
Associated International Hotels (HKSE:00105) 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 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.
Associated International Hotels Operating Margin % Related Terms
Associated International Hotels 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.
Associated International Hotels Operating Margin % Chart
HKSE:00105 vs CBRE, BEKE, JLL: Operating Margin % Comparison
For the Real Estate Services subindustry, Associated International Hotels'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.
Associated International Hotels Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Associated International Hotels's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Associated International Hotels's Operating Margin % falls into.
Associated International Hotels 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.
* 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.
Associated International Hotels (HKSE:00105) has a Operating Margin % of 52.44% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Associated International Hotels and its competitors. This is 19% below median its historical median of 64.61. Over the past decade, Associated International Hotels' Operating Margin % has ranged from 53.62 to 81.97. According to the industry distribution chart, Associated International Hotels ranks #230 out of 1748 companies in the Real Estate industry, placing it in the top 13.2%.
Is Associated International Hotels' Operating Margin % too high?
Associated International Hotels' current Operating Margin % of 52.44% is 19% below median its 10-year median of 64.61. Over the past 10 years, this metric has ranged from a low of 53.62 to a high of 81.97. The Real Estate industry median Operating Margin % is 12.80. Associated International Hotels' value of 52.44% is 309.8% above this industry median. Based on the distribution chart, Associated International Hotels ranks #230 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Associated International Hotels has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated International Hotels' Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Associated International Hotels ranks #230 out of 1748 companies for Operating Margin %. This places Associated International Hotels in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 12.80. Associated International Hotels' value of 52.44% is 309.8% above this benchmark. Historically, Associated International Hotels' own Operating Margin % has ranged from 53.62 to 81.97 over the past decade. While the company's 10-year median is 64.61 vs. the industry median of 12.80, Associated International Hotels 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 Real Estate company?
The median Operating Margin % among Real Estate companies is 12.80, based on 1,748 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. Associated International Hotels's current Operating Margin % of 52.44% is 309.8% 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 Associated International Hotels and its competitors. For the Real Estate industry, the median Operating Margin % is 12.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated International Hotels's current Operating Margin % is 52.44%, which is 19% below median its own 10-year median of 64.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated International Hotels stock overvalued right now?
Based on GuruFocus' analysis, Associated International Hotels (HKSE:00105) is currently considered Fairly Valued. The stock's GF Value™ is HK$5.18, compared to a current price of HK$5.20 — trading 0.4% above its estimated fair value. The current Operating Margin % is 52.44%, which is 19% below median its 10-year median of 64.61 and 309.8% above the Real Estate industry median of 12.80. Associated International Hotels' overall GF Score™ is 63/100 with 6 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 Associated International Hotels (HKSE:00105), the current Operating Margin % is 52.44% 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 Associated International Hotels (HKSE:00105) Overvalued in 2026?
Based on GuruFocus' analysis, Associated International Hotels stock appears to be overvalued.
The current stock price of HK$5.20 is trading 0.4% above its estimated GF Value™ of HK$5.18.
GuruFocus considers Associated International Hotels to be Fairly Valued.
Key valuation signals for HKSE:00105:
Operating Margin %: 52.44% (19% below median its 10-year median of 64.61)
GF Value™: HK$5.18 vs. price of HK$5.20 (0.4% above fair value)
Industry Position: 309.8% above the Real Estate median (#230 of 1748)
No single metric tells the full story. See the HKSE:00105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated International Hotels Ltd is a Hong-Kong investment holding company principally engaged in property-related businesses. Its only reportable segment is Property leasing. The company generates revenue from Interest income, Management fees, and Others. The properties under the company include iSQUARE, Good Luck Industrial Building as well as the offices in Euro Trade Centre in Hong Kong. Geographically, it derives revenue from Hong Kong.
63GF Score
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