Trellidor Holdings (JSE:TRL) Operating Margin %: 2.16% (As of Dec. 2025) — 83% Below Median


JSE:TRL Trellidor Holdings Ltd JSE:TRL
70 GF Score
Price R1.28
GF Value R1.44
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Trellidor Holdings Operating Margin %?

Trellidor Holdings JSE:TRL 70 Operating Margin % is 2.16% as of Dec. 2025, which is 83% below its 10-year median of 12.75. GuruFocus rates JSE:TRL with a GF Score™ of 70/100 and a GF Value™ of R1.44 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,070 Business Services companies, Trellidor Holdings ranks worse than 64.95% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Trellidor Holdings's Operating Income for the six months ended in Dec. 2025 was R3.5 Mil. Trellidor Holdings's Revenue for the six months ended in Dec. 2025 was R161.1 Mil. Therefore, Trellidor Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 2.16%.

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

JSE:TRL' s Operating Margin % Range Over the Past 10 Years
Min: -2.01   Med: 12.75   Max: 24.06
Current: 2.93


JSE:TRL's Operating Margin % is ranked worse than
64.95% of 1070 companies
in the Business Services industry
Industry Median: 6.33 vs JSE:TRL: 2.93

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

Trellidor Holdings's Operating Income for the six months ended in Dec. 2025 was R3.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R9.5 Mil.


Trellidor Holdings  (JSE:TRL) 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.


Trellidor Holdings Operating Margin % Related Terms


Trellidor Holdings Operating Margin % Historical Data

* Premium members only.

The historical data trend for Trellidor 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.

Trellidor Holdings Operating Margin % Chart

Trellidor Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.06 8.23 4.37 13.77 10.83

Trellidor Holdings Semi-Annual Data
Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only 12.34 17.52 16.49 3.69 2.16

JSE:TRL vs ALLE, MSA, ADT: Operating Margin % Comparison

For the Security & Protection Services subindustry, Trellidor 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.


Trellidor Holdings Operating Margin % vs Business Services Industry

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

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


JSE:TRL
70GF Score
Trellidor Holdings Ltd JSE:TRL
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Trellidor 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.

Trellidor Holdings's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as

Operating Margin %=Operating Income (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=39.756 / 367.138
=10.83 %

Trellidor Holdings'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 )
=3.482 / 161.115
=2.16 %

* 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 2.16% mean?
Trellidor Holdings (JSE:TRL) has a Operating Margin % of 2.16% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Trellidor Holdings and its competitors. This is 83% below median its historical median of 12.75. According to the industry distribution chart, Trellidor Holdings ranks #695 out of 1070 companies in the Business Services industry, placing it in the top 65%.
Is Trellidor Holdings' Operating Margin % too high?
Trellidor Holdings' current Operating Margin % of 2.16% is 83% below median its 10-year median of 12.75. The Business Services industry median Operating Margin % is 6.33. Trellidor Holdings' value of 2.16% is 65.9% below this industry median. Based on the distribution chart, Trellidor Holdings ranks #695 out of 1070 companies in the Business Services industry, which is below the industry midpoint. Overall, Trellidor Holdings has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trellidor Holdings' Operating Margin % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Trellidor Holdings ranks #695 out of 1070 companies for Operating Margin %. This places Trellidor Holdings in the lower half of its industry. The industry median Operating Margin % is 6.33. Trellidor Holdings' value of 2.16% is 65.9% below this benchmark. While the company's 10-year median is 12.75 vs. the industry median of 6.33, Trellidor Holdings 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 6.33, based on 1,070 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. Trellidor Holdings's current Operating Margin % of 2.16% is 65.9% 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 Trellidor Holdings and its competitors. For the Business Services industry, the median Operating Margin % is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trellidor Holdings's current Operating Margin % is 2.16%, which is 83% below median its own 10-year median of 12.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trellidor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Trellidor Holdings (JSE:TRL) is currently considered Modestly Undervalued. The stock's GF Value™ is R1.44, compared to a current price of R1.28 — trading 11.1% below its estimated fair value. The current Operating Margin % is 2.16%, which is 83% below median its 10-year median of 12.75 and 65.9% below the Business Services industry median of 6.33. Trellidor Holdings' overall GF Score™ is 70/100 with 5 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 Trellidor Holdings (JSE:TRL), the current Operating Margin % is 2.16% 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 Trellidor Holdings (JSE:TRL) Overvalued in 2026?

Based on GuruFocus' analysis, Trellidor Holdings stock appears to be undervalued. The current stock price of R1.28 is trading 11.1% below its estimated GF Value™ of R1.44. GuruFocus considers Trellidor Holdings to be Modestly Undervalued.

Key valuation signals for JSE:TRL:

  • Operating Margin %: 2.16% (83% below median its 10-year median of 12.75)
  • GF Value™: R1.44 vs. price of R1.28 (11.1% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 65.9% below the Business Services median (#695 of 1070)

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


Trellidor Holdings Business Description

Address 20 Aberdare Drive, Phoenix Industrial Park, Durban, NL, ZAF, 4001
Trellidor Holdings Ltd operates in the security and protection services industry. The group operating segments include Trellidor; and Holdings. Its Trellidor segment is engaged in the manufacture and distribution of custom-made barrier security products. Holdings is engaged in Management of the group treasury function and receives management fee income. It generates maximum revenue from the Trellidor segment. Geographically, it derives a majority of its revenue from South Africa, and also has its presence in Rest of Africa and Rest of the world.
70GF Score

Get the complete analysis for JSE:TRL

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

R1.28
Price
R1.44
GF Value