ManpowerGroup Greater China (HKSE:02180) Operating Margin %: 4.05% (As of Dec. 2025) — 17% Below Median

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HKSE:02180 ManpowerGroup Greater China Ltd HKSE:02180
93 GF Score
Price HK$4.61
GF Value HK$6.69
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is ManpowerGroup Greater China Operating Margin %?

ManpowerGroup Greater China HKSE:02180 93 Operating Margin % is 4.05% as of Dec. 2025, which is 17% below its 10-year median of 4.88. GuruFocus rates HKSE:02180 with a GF Score™ of 93/100 and a GF Value™ of HK$6.69 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,068 Business Services companies, ManpowerGroup Greater China ranks worse than 63.67% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. ManpowerGroup Greater China's Operating Income for the six months ended in Dec. 2025 was HK$156 Mil. ManpowerGroup Greater China's Revenue for the six months ended in Dec. 2025 was HK$3,851 Mil. Therefore, ManpowerGroup Greater China's Operating Margin % for the quarter that ended in Dec. 2025 was 4.05%.

Warning Sign:

ManpowerGroup Greater China Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -10.2%.

The historical rank and industry rank for ManpowerGroup Greater China's Operating Margin % or its related term are showing as below:

HKSE:02180' s Operating Margin % Range Over the Past 10 Years
Min: 2.84   Med: 4.88   Max: 5.72
Current: 3.41


HKSE:02180's Operating Margin % is ranked worse than
63.67% of 1068 companies
in the Business Services industry
Industry Median: 6.395 vs HKSE:02180: 3.41

ManpowerGroup Greater China's 5-Year Average Operating Margin % Growth Rate was -10.20% per year.

ManpowerGroup Greater China's Operating Income for the six months ended in Dec. 2025 was HK$156 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was HK$259 Mil.


ManpowerGroup Greater China  (HKSE:02180) 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.


ManpowerGroup Greater China Operating Margin % Related Terms


ManpowerGroup Greater China Operating Margin % Historical Data

* Premium members only.

The historical data trend for ManpowerGroup Greater China'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.

ManpowerGroup Greater China Operating Margin % Chart

ManpowerGroup Greater China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.86 3.44 3.06 2.84 3.41

ManpowerGroup Greater China Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.43 2.40 3.23 2.75 4.05

HKSE:02180 vs KFY, RHI, TNET: Operating Margin % Comparison

For the Staffing & Employment Services subindustry, ManpowerGroup Greater China'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.


ManpowerGroup Greater China Operating Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, ManpowerGroup Greater China's Operating Margin % distribution charts can be found below:

* The bar in red indicates where ManpowerGroup Greater China's Operating Margin % falls into.


HKSE:02180
93GF Score
ManpowerGroup Greater China Ltd HKSE:02180
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ManpowerGroup Greater China 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.

ManpowerGroup Greater China's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=259.963 / 7627.144
=3.41 %

ManpowerGroup Greater China's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=156.093 / 3850.878
=4.05 %

* 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 4.05% mean?
ManpowerGroup Greater China (HKSE:02180) has a Operating Margin % of 4.05% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on ManpowerGroup Greater China and its competitors. This is 17% below median its historical median of 4.88. Over the past decade, ManpowerGroup Greater China's Operating Margin % has ranged from 2.84 to 5.72. According to the industry distribution chart, ManpowerGroup Greater China ranks #680 out of 1068 companies in the Business Services industry, placing it in the top 63.7%.
Is ManpowerGroup Greater China's Operating Margin % too high?
ManpowerGroup Greater China's current Operating Margin % of 4.05% is 17% below median its 10-year median of 4.88. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 5.72. The Business Services industry median Operating Margin % is 6.40. ManpowerGroup Greater China's value of 4.05% is 36.7% below this industry median. Based on the distribution chart, ManpowerGroup Greater China ranks #680 out of 1068 companies in the Business Services industry, which is below the industry midpoint. Overall, ManpowerGroup Greater China has a GF Score™ of 93/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ManpowerGroup Greater China's Operating Margin % compare to KFY and RHI?
According to the Business Services industry distribution chart, ManpowerGroup Greater China ranks #680 out of 1068 companies for Operating Margin %. This places ManpowerGroup Greater China in the lower half of its industry. The industry median Operating Margin % is 6.40. ManpowerGroup Greater China's value of 4.05% is 36.7% below this benchmark. Historically, ManpowerGroup Greater China's own Operating Margin % has ranged from 2.84 to 5.72 over the past decade. While the company's 10-year median is 4.88 vs. the industry median of 6.40, ManpowerGroup Greater China has consistently been below 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 Business Services company?
The median Operating Margin % among Business Services companies is 6.40, based on 1,068 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. ManpowerGroup Greater China's current Operating Margin % of 4.05% is 36.7% below 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 ManpowerGroup Greater China and its competitors. For the Business Services industry, the median Operating Margin % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ManpowerGroup Greater China's current Operating Margin % is 4.05%, which is 17% below median its own 10-year median of 4.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ManpowerGroup Greater China stock overvalued right now?
Based on GuruFocus' analysis, ManpowerGroup Greater China (HKSE:02180) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$6.69, compared to a current price of HK$4.61 — trading 31.1% below its estimated fair value. The current Operating Margin % is 4.05%, which is 17% below median its 10-year median of 4.88 and 36.7% below the Business Services industry median of 6.40. ManpowerGroup Greater China's overall GF Score™ is 93/100 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 ManpowerGroup Greater China (HKSE:02180), the current Operating Margin % is 4.05% 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 ManpowerGroup Greater China (HKSE:02180) Overvalued in 2026?

Based on GuruFocus' analysis, ManpowerGroup Greater China stock appears to be undervalued. The current stock price of HK$4.61 is trading 31.1% below its estimated GF Value™ of HK$6.69. GuruFocus considers ManpowerGroup Greater China to be Significantly Undervalued.

Key valuation signals for HKSE:02180:

  • Operating Margin %: 4.05% (17% below median its 10-year median of 4.88)
  • GF Value™: HK$6.69 vs. price of HK$4.61 (31.1% below fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 36.7% below the Business Services median (#680 of 1068)

No single metric tells the full story. See the HKSE:02180 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ManpowerGroup Greater China Business Description

Address No. 999, Pudong Road (S, 36th Floor, Xin Mei Union Square, Pudong District, Shanghai, CHN
ManpowerGroup Greater China Ltd is engaged in the business of workforce solutions and services around the world in regions outside of Greater China; It provides flexible employment, talent hunting, recruitment process outsourcing, talent management, and training development. The segments of the company include The Workforce Solutions segment includes Flexible staffing services and Recruitment solutions services, and the Other HR Services segment provides HR services to customers who need assistance in outplacement, leadership development, career management, talent assessment, and training and development services. The company derives a majority of its revenue from the People's Republic of China, while it also has its presence in Hong Kong and Macau, and Taiwan.
93GF Score

Get the complete analysis for HKSE:02180

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

HK$4.61
Price
HK$6.69
GF Value