Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
The historical rank and industry rank for National Electronics Holdings's Operating Margin % or its related term are showing as below:
HKSE:00213'
s Operating Margin % Range Over the Past 10 Years
Min: -14.2 Med: -0.7 Max: 3.99
Current: -1.72
HKSE:00213's Operating Margin % is ranked worse than 74.28% of 1042
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.075
vs HKSE:00213: -1.72
National Electronics Holdings Ltd has recorded a loss in operating income at least once over the past 3 years.
National Electronics Holdings (HKSE:00213) 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.
National Electronics Holdings Operating Margin % Related Terms
National Electronics Holdings 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.
National Electronics Holdings Operating Margin % Chart
HKSE:00213 vs NKE, DECK, ONON: Operating Margin % Comparison
For the Footwear & Accessories subindustry, National Electronics Holdings'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.
National Electronics Holdings Operating Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, National Electronics Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where National Electronics Holdings's Operating Margin % falls into.
National Electronics Holdings 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.
National Electronics Holdings (HKSE:00213) has a Operating Margin % of -3.08% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on National Electronics Holdings and its competitors. According to the industry distribution chart, National Electronics Holdings ranks #774 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 74.3%.
Is National Electronics Holdings' Operating Margin % too high?
National Electronics Holdings' current Operating Margin % is -3.08%. Based on the distribution chart, National Electronics Holdings ranks #774 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, National Electronics Holdings has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Electronics Holdings' Operating Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, National Electronics Holdings ranks #774 out of 1042 companies for Operating Margin %. This places National Electronics Holdings in the lower half of its industry. The industry median Operating Margin % is 4.08. 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.08, based on 1,042 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 National Electronics Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Electronics Holdings's current Operating Margin % is -3.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Electronics Holdings stock overvalued right now?
Based on GuruFocus' analysis, National Electronics Holdings (HKSE:00213) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.55, compared to a current price of HK$0.36 — trading 34.5% below its estimated fair value. The current Operating Margin % is -3.08%. National Electronics Holdings' overall GF Score™ is 41/100 with 8 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 National Electronics Holdings (HKSE:00213), the current Operating Margin % is -3.08% as of Sep. 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 National Electronics Holdings (HKSE:00213) Overvalued in 2026?
Based on GuruFocus' analysis, National Electronics Holdings stock appears to be undervalued.
The current stock price of HK$0.36 is trading 34.5% below its estimated GF Value™ of HK$0.55.
GuruFocus considers National Electronics Holdings to be Possible Value Trap.
Key valuation signals for HKSE:00213:
Operating Margin %: -3.08%
GF Value™: HK$0.55 vs. price of HK$0.36 (34.5% below fair value)
No single metric tells the full story. See the HKSE:00213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Electronics Holdings Business Description
National Electronics Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the manufacture, assembly, and sale of electronic watches and watch parts, trading of watch movements and watch parts, and property development and investment. The group's reportable and operating segments are: Manufacture of watches and trading of watch movements, which generate maximum revenue; Residential and other property development and investment; and Commercial property investment. Geographically, the group generates maximum revenue from Hong Kong and the PRC, followed by Europe, North America, and other regions.
41GF Score
Get the complete analysis for HKSE:00213
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00213 has been successfully added to your 
