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Major Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -24.2%.
The historical rank and industry rank for Major Holdings's Operating Margin % or its related term are showing as below:
HKSE:01389'
s Operating Margin % Range Over the Past 10 Years
Min: -33.58 Med: -4.51 Max: 5.14
Current: -5.05
HKSE:01389's Operating Margin % is ranked worse than 82.13% of 207
companies
in the Beverages - Alcoholic industry
Industry Median: 8.21
vs HKSE:01389: -5.05
Major Holdings's 5-Year Average Operating Margin % Growth Rate was -24.20% per year.
Major Holdings's Operating Income for the
six
months ended in Mar. 2026 was HK$-0.77 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-2.67 Mil.
Major Holdings (HKSE:01389) 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.
Major Holdings Operating Margin % Related Terms
Major Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for Major Holdings'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.
For the Beverages - Wineries & Distilleries subindustry, Major 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.
Major Holdings Operating Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Major Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Major 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.
Major Holdings's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
Major Holdings (HKSE:01389) has a Operating Margin % of -2.78% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Major Holdings and its competitors. According to the industry distribution chart, Major Holdings ranks #170 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 82.1%.
Is Major Holdings' Operating Margin % too high?
Major Holdings' current Operating Margin % is -2.78%. Based on the distribution chart, Major Holdings ranks #170 out of 207 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Major Holdings has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Holdings' Operating Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Major Holdings ranks #170 out of 207 companies for Operating Margin %. This places Major Holdings in the lower half of its industry. The industry median Operating Margin % is 8.21. 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 Beverages - Alcoholic company?
The median Operating Margin % among Beverages - Alcoholic companies is 8.21, based on 207 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 Major Holdings and its competitors. For the Beverages - Alcoholic industry, the median Operating Margin % is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Holdings's current Operating Margin % is -2.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Holdings stock overvalued right now?
Based on GuruFocus' analysis, Major Holdings (HKSE:01389) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.50 — trading 233.3% above its estimated fair value. The current Operating Margin % is -2.78%. Major Holdings' overall GF Score™ is 36/100 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 Major Holdings (HKSE:01389), the current Operating Margin % is -2.78% 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 Major Holdings (HKSE:01389) Overvalued in 2026?
Based on GuruFocus' analysis, Major Holdings stock appears to be overvalued.
The current stock price of HK$0.50 is trading 233.3% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Major Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01389:
Operating Margin %: -2.78%
GF Value™: HK$0.15 vs. price of HK$0.50 (233.3% above fair value)
No single metric tells the full story. See the HKSE:01389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Holdings Ltd is an investment holding company. The company is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. The products of the company include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products, and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. The majority of the revenue of the company is derived from Hong Kong.
36GF Score
Get the complete analysis for HKSE:01389
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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