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Tian Cheng HoldingsHKSE:02110 +1.35% Operating Margin % is -36.02% as of Nov. 2025. The stock has 3 warning signs investors should review. Among 1,766 Construction companies, Tian Cheng Holdings ranks worse than 93.94% on this metric.
The historical rank and industry rank for Tian Cheng Holdings's Operating Margin % or its related term are showing as below:
HKSE:02110'
s Operating Margin % Range Over the Past 10 Years
Min: -38.78 Med: 11.12 Max: 14.58
Current: -25.92
HKSE:02110's Operating Margin % is ranked worse than 93.94% of 1766
companies
in the Construction industry
Industry Median: 5.925
vs HKSE:02110: -25.92
Tian Cheng Holdings's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
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.
Tian Cheng Holdings Operating Margin % Related Terms
Tian Cheng Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for Tian Cheng 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.
HKSE:02110 vs PWR, FIX, EME: Operating Margin % Comparison
For the Engineering & Construction subindustry, Tian Cheng 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.
Tian Cheng Holdings Operating Margin % vs Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Tian Cheng 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.
Tian Cheng Holdings's Operating Margin % for the fiscal year that ended in May. 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.
Tian Cheng Holdings (HKSE:02110) has a Operating Margin % of -36.02% as of Nov. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Tian Cheng Holdings and its competitors. According to the industry distribution chart, Tian Cheng Holdings ranks #1659 out of 1766 companies in the Construction industry, placing it in the top 93.9%.
Is Tian Cheng Holdings' Operating Margin % too high?
Tian Cheng Holdings' current Operating Margin % is -36.02%. Based on the distribution chart, Tian Cheng Holdings ranks #1659 out of 1766 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Tian Cheng Holdings' Operating Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Tian Cheng Holdings ranks #1659 out of 1766 companies for Operating Margin %. This places Tian Cheng Holdings in the lower half of its industry. The industry median Operating Margin % is 5.93. 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 Construction company?
The median Operating Margin % among Construction companies is 5.93, based on 1,766 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 Tian Cheng Holdings and its competitors. For the Construction industry, the median Operating Margin % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Cheng Holdings's current Operating Margin % is -36.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.08 — trading 25% below its estimated fair value. The current Operating Margin % is -36.02%. 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 Tian Cheng Holdings (HKSE:02110), the current Operating Margin % is -36.02% as of Nov. 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.
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.
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