A.Plus Group Holdings (HKSE:01841) Operating Margin %: -3.84% (As of Mar. 2026)

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HKSE:01841 A.Plus Group Holdings Ltd HKSE:01841
57 GF Score
Price HK$0.48
GF Value HK$0.22
Valuation Significantly Overvalued
! 2 Warning Signs
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What is A.Plus Group Holdings Operating Margin %?

A.Plus Group Holdings HKSE:01841 +13.10% 57 Operating Margin % is -3.84% as of Mar. 2026. GuruFocus rates HKSE:01841 with a GF Score™ of 57/100 and a GF Value™ of HK$0.22 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,071 Business Services companies, A.Plus Group Holdings ranks worse than 50.61% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. A.Plus Group Holdings's Operating Income for the six months ended in Mar. 2026 was HK$-1.9 Mil. A.Plus Group Holdings's Revenue for the six months ended in Mar. 2026 was HK$49.7 Mil. Therefore, A.Plus Group Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was -3.84%.

The historical rank and industry rank for A.Plus Group Holdings's Operating Margin % or its related term are showing as below:

HKSE:01841' s Operating Margin % Range Over the Past 10 Years
Min: -2.52   Med: 17.85   Max: 28.31
Current: 6.23


HKSE:01841's Operating Margin % is ranked worse than
50.61% of 1071 companies
in the Business Services industry
Industry Median: 6.35 vs HKSE:01841: 6.23

A.Plus Group Holdings's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

A.Plus Group Holdings's Operating Income for the six months ended in Mar. 2026 was HK$-1.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was HK$6.9 Mil.


A.Plus Group Holdings  (HKSE:01841) 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 Nokia’s 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.


A.Plus Group Holdings Operating Margin % Related Terms


A.Plus Group Holdings Operating Margin % Historical Data

* Premium members only.

The historical data trend for A.Plus Group 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.

A.Plus Group Holdings Operating Margin % Chart

A.Plus Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.82 14.39 6.60 -2.52 6.23

A.Plus Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.63 14.74 -33.60 14.45 -3.84

HKSE:01841 vs CTAS, CPRT, GPN: Operating Margin % Comparison

For the Specialty Business Services subindustry, A.Plus Group 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.


A.Plus Group Holdings Operating Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, A.Plus Group Holdings's Operating Margin % distribution charts can be found below:

* The bar in red indicates where A.Plus Group Holdings's Operating Margin % falls into.


HKSE:01841
57GF Score
A.Plus Group Holdings Ltd HKSE:01841
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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A.Plus Group 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.

A.Plus Group Holdings's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=6.891 / 110.63
=6.23 %

A.Plus Group Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-1.911 / 49.732
=-3.84 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -3.84% mean?
A.Plus Group Holdings (HKSE:01841) has a Operating Margin % of -3.84% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on A.Plus Group Holdings and its competitors. According to the industry distribution chart, A.Plus Group Holdings ranks #542 out of 1071 companies in the Business Services industry, placing it in the top 50.6%.
Is A.Plus Group Holdings' Operating Margin % too high?
A.Plus Group Holdings' current Operating Margin % is -3.84%. Based on the distribution chart, A.Plus Group Holdings ranks #542 out of 1071 companies in the Business Services industry, which is below the industry midpoint. Overall, A.Plus Group Holdings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A.Plus Group Holdings' Operating Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, A.Plus Group Holdings ranks #542 out of 1071 companies for Operating Margin %. This places A.Plus Group Holdings in the lower half of its industry. The industry median Operating Margin % is 6.35. 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 Business Services company?
The median Operating Margin % among Business Services companies is 6.35, based on 1,071 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 A.Plus Group Holdings and its competitors. For the Business Services industry, the median Operating Margin % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A.Plus Group Holdings's current Operating Margin % is -3.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.Plus Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, A.Plus Group Holdings (HKSE:01841) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.48 — trading 115.9% above its estimated fair value. The current Operating Margin % is -3.84%. A.Plus Group Holdings' overall GF Score™ is 57/100 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 A.Plus Group Holdings (HKSE:01841), the current Operating Margin % is -3.84% 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 A.Plus Group Holdings (HKSE:01841) Overvalued in 2026?

Based on GuruFocus' analysis, A.Plus Group Holdings stock appears to be overvalued. The current stock price of HK$0.48 is trading 115.9% above its estimated GF Value™ of HK$0.22. GuruFocus considers A.Plus Group Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01841:

  • Operating Margin %: -3.84%
  • GF Value™: HK$0.22 vs. price of HK$0.48 (115.9% above fair value)
  • GF Score™: 57/100 with 2 warning signs

No single metric tells the full story. See the HKSE:01841 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


A.Plus Group Holdings Business Description

Address 35-45B Bonham Strand, 2nd Floor, Sheung Wan, Hong Kong, HKG
A.Plus Group Holdings Ltd is a Hong Kong-based investment holding company. It is principally engaged in the provision of financial printing services. Geographically, it derives revenue from Hong Kong. The company provides typesetting, design, translation, printing and delivery services in relation to financial reports, company announcements, shareholders circulars, debt offering documents, IPO prospectuses, and other documents.
57GF Score

Get the complete analysis for HKSE:01841

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.48
Price
HK$0.22
GF Value