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Shangshan Gold International HoldingsHKSE:01939 54 Operating Margin % is 4.98% as of Sep. 2025, which is 59% below its 10-year median of 12.09. GuruFocus rates HKSE:01939 with a GF Score™ of 54/100 and a GF Value™ of HK$1.15 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Shangshan Gold International Holdings ranks worse than 92.48% on this metric.
HKSE:01939'
s Operating Margin % Range Over the Past 10 Years
Min: -44.8 Med: 12.09 Max: 33.81
Current: -16.39
HKSE:01939's Operating Margin % is ranked worse than 92.48% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 3.92
vs HKSE:01939: -16.39
Shangshan Gold International Holdings (HKSE:01939) 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.
Shangshan Gold International Holdings Operating Margin % Related Terms
Shangshan Gold International 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.
Shangshan Gold International Holdings Operating Margin % Chart
HKSE:01939 vs CASY, WSM, ULTA: Operating Margin % Comparison
For the Specialty Retail subindustry, Shangshan Gold International 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.
Shangshan Gold International Holdings Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shangshan Gold International Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Shangshan Gold International Holdings's Operating Margin % falls into.
Shangshan Gold International 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.
Shangshan Gold International Holdings (HKSE:01939) has a Operating Margin % of 4.98% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Shangshan Gold International Holdings and its competitors. This is 59% below median its historical median of 12.09. According to the industry distribution chart, Shangshan Gold International Holdings ranks #1045 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 92.5%.
Is Shangshan Gold International Holdings' Operating Margin % too high?
Shangshan Gold International Holdings' current Operating Margin % of 4.98% is 59% below median its 10-year median of 12.09. The Retail - Cyclical industry median Operating Margin % is 3.92. Shangshan Gold International Holdings' value of 4.98% is 27% above this industry median. Based on the distribution chart, Shangshan Gold International Holdings ranks #1045 out of 1130 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Shangshan Gold International Holdings has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shangshan Gold International Holdings' Operating Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Shangshan Gold International Holdings ranks #1045 out of 1130 companies for Operating Margin %. This places Shangshan Gold International Holdings in the lower half of its industry. The industry median Operating Margin % is 3.92. Shangshan Gold International Holdings' value of 4.98% is 27% above this benchmark. While the company's 10-year median is 12.09 vs. the industry median of 3.92, Shangshan Gold International 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 Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.92, based on 1,130 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. Shangshan Gold International Holdings's current Operating Margin % of 4.98% is 27% 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 Shangshan Gold International Holdings and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shangshan Gold International Holdings's current Operating Margin % is 4.98%, which is 59% below median its own 10-year median of 12.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shangshan Gold International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shangshan Gold International Holdings (HKSE:01939) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.15, compared to a current price of HK$0.40 — trading 65.7% below its estimated fair value. The current Operating Margin % is 4.98%, which is 59% below median its 10-year median of 12.09 and 27% above the Retail - Cyclical industry median of 3.92. Shangshan Gold International Holdings' overall GF Score™ is 54/100 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 Shangshan Gold International Holdings (HKSE:01939), the current Operating Margin % is 4.98% 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 Shangshan Gold International Holdings (HKSE:01939) Overvalued in 2026?
Based on GuruFocus' analysis, Shangshan Gold International Holdings stock appears to be undervalued.
The current stock price of HK$0.40 is trading 65.7% below its estimated GF Value™ of HK$1.15.
GuruFocus considers Shangshan Gold International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01939:
Operating Margin %: 4.98% (59% below median its 10-year median of 12.09)
GF Value™: HK$1.15 vs. price of HK$0.40 (65.7% below fair value)
Industry Position: 27% above the Retail - Cyclical median (#1045 of 1130)
No single metric tells the full story. See the HKSE:01939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shangshan Gold International Holdings Ltd Formerly Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.
54GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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