KGHM Polska MiedzKGHPF -12.87%64 Operating Margin % is 34.30% as of Mar. 2026, which is 172% above its 10-year median of 12.61. GuruFocus rates KGHPF with a GF Score™ of 64/100 and a GF Value™ of $41.26 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 841 Metals & Mining companies, KGHM Polska Miedz ranks better than 68.37% on this metric.
KGHM Polska Miedz SA has recorded a loss in operating income at least once over the past 3 years.
KGHM Polska Miedz (OTCPK:KGHPF) 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.
KGHM Polska Miedz Operating Margin % Related Terms
KGHM Polska Miedz Operating Margin % Historical Data
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The historical data trend for KGHM Polska Miedz'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.
For the Copper subindustry, KGHM Polska Miedz'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.
KGHM Polska Miedz Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Operating Margin % distribution charts can be found below:
* The bar in red indicates where KGHM Polska Miedz'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.
KGHM Polska Miedz'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.
KGHM Polska Miedz (KGHPF) has a Operating Margin % of 34.30% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on KGHM Polska Miedz and its competitors. This is 172% above median its historical median of 12.61. According to the industry distribution chart, KGHM Polska Miedz ranks #266 out of 841 companies in the Metals & Mining industry, placing it in the top 31.6%.
Is KGHM Polska Miedz's Operating Margin % too high?
KGHM Polska Miedz's current Operating Margin % of 34.30% is 172% above median its 10-year median of 12.61. The Metals & Mining industry median Operating Margin % is 5.79. KGHM Polska Miedz's value of 34.30% is 492.4% above this industry median. Based on the distribution chart, KGHM Polska Miedz ranks #266 out of 841 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, KGHM Polska Miedz has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's Operating Margin % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, KGHM Polska Miedz ranks #266 out of 841 companies for Operating Margin %. This puts KGHM Polska Miedz in the upper half of its industry. The industry median Operating Margin % is 5.79. KGHM Polska Miedz's value of 34.30% is 492.4% above this benchmark. While the company's 10-year median is 12.61 vs. the industry median of 5.79, KGHM Polska Miedz 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 Metals & Mining company?
The median Operating Margin % among Metals & Mining companies is 5.79, based on 841 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. KGHM Polska Miedz's current Operating Margin % of 34.30% is 492.4% 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 KGHM Polska Miedz and its competitors. For the Metals & Mining industry, the median Operating Margin % is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KGHM Polska Miedz's current Operating Margin % is 34.30%, which is 172% above median its own 10-year median of 12.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (KGHPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $41.26, compared to a current price of $88.50 — trading 114.5% above its estimated fair value. The current Operating Margin % is 34.30%, which is 172% above median its 10-year median of 12.61 and 492.4% above the Metals & Mining industry median of 5.79. KGHM Polska Miedz's overall GF Score™ is 64/100 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 KGHM Polska Miedz (KGHPF), the current Operating Margin % is 34.30% as of Mar. 2026. 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 KGHM Polska Miedz (KGHPF) Overvalued in 2026?
Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued.
The current stock price of $88.50 is trading 114.5% above its estimated GF Value™ of $41.26.
GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.
Key valuation signals for KGHPF:
Operating Margin %: 34.30% (172% above median its 10-year median of 12.61)
GF Value™: $41.26 vs. price of $88.50 (114.5% above fair value)
Industry Position: 492.4% above the Metals & Mining median (#266 of 841)
No single metric tells the full story. See the KGHPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
64GF Score
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