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Mainland Headwear HoldingsHKSE:01100 +0.68%91 Operating Margin % is 8.70% as of Dec. 2025, which is 8% above its 10-year median of 8.05. GuruFocus rates HKSE:01100 with a GF Score™ of 91/100 and a GF Value™ of HK$1.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,037 Manufacturing - Apparel & Accessories companies, Mainland Headwear Holdings ranks better than 69.62% on this metric.
The historical rank and industry rank for Mainland Headwear Holdings's Operating Margin % or its related term are showing as below:
HKSE:01100'
s Operating Margin % Range Over the Past 10 Years
Min: 5.43 Med: 8.05 Max: 13.96
Current: 8.05
HKSE:01100's Operating Margin % is ranked better than 69.62% of 1037
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.09
vs HKSE:01100: 8.05
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.
Mainland Headwear Holdings Operating Margin % Related Terms
Mainland Headwear 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.
HKSE:01100 vs NKE, DECK, ONON: Operating Margin % Comparison
For the Footwear & Accessories subindustry, Mainland Headwear 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.
Mainland Headwear Holdings Operating Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mainland Headwear Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Mainland Headwear Holdings'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.
Mainland Headwear Holdings'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.
Mainland Headwear Holdings (HKSE:01100) has a Operating Margin % of 8.70% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Mainland Headwear Holdings and its competitors. This is near median its historical median of 8.05. Over the past decade, Mainland Headwear Holdings' Operating Margin % has ranged from 5.43 to 13.96. According to the industry distribution chart, Mainland Headwear Holdings ranks #315 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 30.4%.
Is Mainland Headwear Holdings' Operating Margin % too high?
Mainland Headwear Holdings' current Operating Margin % of 8.70% is near median its 10-year median of 8.05. Over the past 10 years, this metric has ranged from a low of 5.43 to a high of 13.96. The Manufacturing - Apparel & Accessories industry median Operating Margin % is 4.09. Mainland Headwear Holdings' value of 8.70% is 112.7% above this industry median. Based on the distribution chart, Mainland Headwear Holdings ranks #315 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Mainland Headwear Holdings has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainland Headwear Holdings' Operating Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mainland Headwear Holdings ranks #315 out of 1037 companies for Operating Margin %. This puts Mainland Headwear Holdings in the upper half of its industry. The industry median Operating Margin % is 4.09. Mainland Headwear Holdings' value of 8.70% is 112.7% above this benchmark. Historically, Mainland Headwear Holdings' own Operating Margin % has ranged from 5.43 to 13.96 over the past decade. While the company's 10-year median is 8.05 vs. the industry median of 4.09, Mainland Headwear Holdings 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.09, based on 1,037 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. Mainland Headwear Holdings's current Operating Margin % of 8.70% is 112.7% 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 Mainland Headwear Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mainland Headwear Holdings's current Operating Margin % is 8.70%, which is near median its own 10-year median of 8.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainland Headwear Holdings stock overvalued right now?
Based on GuruFocus' analysis, Mainland Headwear Holdings (HKSE:01100) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.80, compared to a current price of HK$1.47 — trading 18.3% below its estimated fair value. The current Operating Margin % is 8.70%, which is near median its 10-year median of 8.05 and 112.7% above the Manufacturing - Apparel & Accessories industry median of 4.09. Mainland Headwear Holdings' overall GF Score™ is 91/100 with 3 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 Mainland Headwear Holdings (HKSE:01100), the current Operating Margin % is 8.70% as of Dec. 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 Mainland Headwear Holdings (HKSE:01100) Overvalued in 2026?
Based on GuruFocus' analysis, Mainland Headwear Holdings stock appears to be undervalued.
The current stock price of HK$1.47 is trading 18.3% below its estimated GF Value™ of HK$1.80.
GuruFocus considers Mainland Headwear Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:01100:
Operating Margin %: 8.70% (near median its 10-year median of 8.05)
GF Value™: HK$1.80 vs. price of HK$1.47 (18.3% below fair value)
Industry Position: 112.7% above the Manufacturing - Apparel & Accessories median (#315 of 1037)
No single metric tells the full story. See the HKSE:01100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the U.S. as the main market; followed by the European market. The key revenue is derived from the Manufacturing segment.
91GF Score
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