Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Link HoldingsHKSE:08237 34 Operating Margin % is 274.92% as of Dec. 2025. GuruFocus rates HKSE:08237 with a GF Score™ of 34/100 and a GF Value™ of HK$0.15 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 840 Travel & Leisure companies, Link Holdings ranks worse than 97.5% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Link Holdings's Operating Income for the
six
months ended in Dec. 2025 was HK$-0.82 Mil. Link Holdings's Revenue for the
six
months ended in Dec. 2025 was HK$-0.30 Mil. Therefore, Link Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 274.92%.
Warning Sign:
Link Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -60%.
The historical rank and industry rank for Link Holdings's Operating Margin % or its related term are showing as below:
HKSE:08237'
s Operating Margin % Range Over the Past 10 Years
Min: -173.36 Med: -35.63 Max: 18.22
Current: -156.22
HKSE:08237's Operating Margin % is ranked worse than 97.5% of 840
companies
in the Travel & Leisure industry
Industry Median: 8.23
vs HKSE:08237: -156.22
Link Holdings's 5-Year Average Operating Margin % Growth Rate was -60.00% per year.
Link Holdings's Operating Income for the
six
months ended in Dec. 2025 was HK$-0.82 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-20.76 Mil.
Warning Sign:
Link Holdings Ltd has never been profitable in the past 3 years. It lost money every year.
Link Holdings (HKSE:08237) 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.
Link Holdings Operating Margin % Related Terms
Link Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for Link 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:08237 vs MAR, HLT, H: Operating Margin % Comparison
For the Lodging subindustry, Link 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.
Link Holdings Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Link Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Link 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.
Link Holdings's Operating Margin % for the fiscal year that ended in Dec. 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.
Link Holdings (HKSE:08237) has a Operating Margin % of 274.92% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Link Holdings and its competitors. According to the industry distribution chart, Link Holdings ranks #819 out of 840 companies in the Travel & Leisure industry, placing it in the top 97.5%.
Is Link Holdings' Operating Margin % too high?
Link Holdings' current Operating Margin % is 274.92%. The Travel & Leisure industry median Operating Margin % is 8.23. Link Holdings' value of 274.92% is 3240.5% above this industry median. Based on the distribution chart, Link Holdings ranks #819 out of 840 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Link Holdings has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Link Holdings' Operating Margin % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Link Holdings ranks #819 out of 840 companies for Operating Margin %. This places Link Holdings in the lower half of its industry. The industry median Operating Margin % is 8.23. Link Holdings' value of 274.92% is 3240.5% above this benchmark. 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 Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.23, based on 840 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. Link Holdings's current Operating Margin % of 274.92% is 3240.5% 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 Link Holdings and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Holdings's current Operating Margin % is 274.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Holdings stock overvalued right now?
Based on GuruFocus' analysis, Link Holdings (HKSE:08237) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$1.02 — trading 576.7% above its estimated fair value. The current Operating Margin % is 274.92% and 3240.5% above the Travel & Leisure industry median of 8.23. Link Holdings' overall GF Score™ is 34/100 with 8 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 Link Holdings (HKSE:08237), the current Operating Margin % is 274.92% 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 Link Holdings (HKSE:08237) Overvalued in 2026?
Based on GuruFocus' analysis, Link Holdings stock appears to be overvalued.
The current stock price of HK$1.02 is trading 576.7% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Link Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08237:
Operating Margin %: 274.92%
GF Value™: HK$0.15 vs. price of HK$1.02 (576.7% above fair value)
Industry Position: 3240.5% above the Travel & Leisure median (#819 of 840)
No single metric tells the full story. See the HKSE:08237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Link Holdings Ltd is an investment holding company engaged in the operation of hotel services and property investment in the Southeast Asia region. The Company's reportable segments are: operation of hotel business in Singapore, Indonesia, and Japan; and distressed debt asset management in the PRC. The majority of the Company's revenue is generated from the operation of the hotel business in Japan.
34GF Score
Get the complete analysis for HKSE:08237
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08237 has been successfully added to your 
