KeppelKPELY 76 Operating Margin % is 15.75% as of Dec. 2025, which is 4% below its 10-year median of 16.33. GuruFocus rates KPELY with a GF Score™ of 76/100 and a GF Value™ of $10.07 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 545 Conglomerates companies, Keppel ranks better than 86.42% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Keppel's Operating Income for the
six
months ended in Dec. 2025 was $404 Mil. Keppel's Revenue for the
six
months ended in Dec. 2025 was $2,566 Mil. Therefore, Keppel's Operating Margin % for the quarter that ended in Dec. 2025 was 15.75%.
Good Sign:
Keppel Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Keppel's Operating Margin % or its related term are showing as below:
KPELY'
s Operating Margin % Range Over the Past 10 Years
Min: 0.14 Med: 16.33 Max: 19.81
Current: 17.88
KPELY's Operating Margin % is ranked better than 86.42% of 545
companies
in the Conglomerates industry
Industry Median: 5.93
vs KPELY: 17.88
Keppel's 5-Year Average Operating Margin % Growth Rate was 108.00% per year.
Keppel's Operating Income for the
six
months ended in Dec. 2025 was $404 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $885 Mil.
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.
Keppel Operating Margin % Related Terms
Keppel Operating Margin % Historical Data
* Premium members only.
The historical data trend for Keppel'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 Conglomerates subindustry, Keppel'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.
Keppel Operating Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Keppel's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Keppel'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.
Keppel'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.
Keppel (KPELY) has a Operating Margin % of 15.75% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Keppel and its competitors. This is near median its historical median of 16.33. Over the past decade, Keppel's Operating Margin % has ranged from 0.14 to 19.81. According to the industry distribution chart, Keppel ranks #74 out of 545 companies in the Conglomerates industry, placing it in the top 13.6%.
Is Keppel's Operating Margin % too high?
Keppel's current Operating Margin % of 15.75% is near median its 10-year median of 16.33. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 19.81. The Conglomerates industry median Operating Margin % is 5.93. Keppel's value of 15.75% is 165.6% above this industry median. Based on the distribution chart, Keppel ranks #74 out of 545 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Keppel has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keppel's Operating Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Keppel ranks #74 out of 545 companies for Operating Margin %. This places Keppel in the top 14% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.93. Keppel's value of 15.75% is 165.6% above this benchmark. Historically, Keppel's own Operating Margin % has ranged from 0.14 to 19.81 over the past decade. While the company's 10-year median is 16.33 vs. the industry median of 5.93, Keppel 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 Conglomerates company?
The median Operating Margin % among Conglomerates companies is 5.93, based on 545 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. Keppel's current Operating Margin % of 15.75% is 165.6% 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 Keppel and its competitors. For the Conglomerates 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. Keppel's current Operating Margin % is 15.75%, which is near median its own 10-year median of 16.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keppel stock overvalued right now?
Based on GuruFocus' analysis, Keppel (KPELY) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.07, compared to a current price of $17.11 — trading 69.9% above its estimated fair value. The current Operating Margin % is 15.75%, which is near median its 10-year median of 16.33 and 165.6% above the Conglomerates industry median of 5.93. Keppel's overall GF Score™ is 76/100 with 6 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 Keppel (KPELY), the current Operating Margin % is 15.75% 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 Keppel (KPELY) Overvalued in 2026?
Based on GuruFocus' analysis, Keppel stock appears to be overvalued.
The current stock price of $17.11 is trading 69.9% above its estimated GF Value™ of $10.07.
GuruFocus considers Keppel to be Significantly Overvalued.
Key valuation signals for KPELY:
Operating Margin %: 15.75% (near median its 10-year median of 16.33)
GF Value™: $10.07 vs. price of $17.11 (69.9% above fair value)
Industry Position: 165.6% above the Conglomerates median (#74 of 545)
No single metric tells the full story. See the KPELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore-based Keppel is an alternative asset manager and operator with SGD 95 billion of funds under management as of the end of December 2025. The group's key segments are infrastructure, real estate, and connectivity (including telecommunication services and operation of data centers). Most of its earnings are derived from its infrastructure segment, where it invests and operates in a portfolio of infrastructure assets. The group also has a fund management platform comprising listed and unlisted investment trusts that generates recurring fee income.
76GF Score
Get the complete analysis for KPELY
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
KPELY has been successfully added to your 
