Mycronic ABMICLF +13.56%91 Operating Margin % is 35.92% as of Mar. 2026, which is 39% above its 10-year median of 25.85. GuruFocus rates MICLF with a GF Score™ of 91/100 and a GF Value™ of $22.18 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,038 Industrial Products companies, Mycronic AB ranks better than 96.05% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Mycronic AB's Operating Income for the
three
months ended in Mar. 2026 was $96.5 Mil. Mycronic AB's Revenue for the
three
months ended in Mar. 2026 was $268.6 Mil. Therefore, Mycronic AB's Operating Margin % for the quarter that ended in Mar. 2026 was 35.92%.
Good Sign:
Mycronic AB operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Mycronic AB's Operating Margin % or its related term are showing as below:
MICLF'
s Operating Margin % Range Over the Past 10 Years
Min: 17.48 Med: 25.85 Max: 29.79
Current: 25.04
MICLF's Operating Margin % is ranked better than 96.05% of 3038
companies
in the Industrial Products industry
Industry Median: 6.53
vs MICLF: 25.04
Mycronic AB's 5-Year Average Operating Margin % Growth Rate was 3.70% per year.
Mycronic AB's Operating Income for the
three
months ended in Mar. 2026 was $96.5 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $221.5 Mil.
Mycronic AB (OTCPK:MICLF) 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.
Mycronic AB Operating Margin % Related Terms
Mycronic AB Operating Margin % Historical Data
* Premium members only.
The historical data trend for Mycronic AB'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.
MICLF vs GEV, ETN, PH: Operating Margin % Comparison
For the Specialty Industrial Machinery subindustry, Mycronic AB'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.
Mycronic AB Operating Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mycronic AB's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Mycronic AB'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.
Mycronic AB'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.
Mycronic AB (MICLF) has a Operating Margin % of 35.92% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Mycronic AB and its competitors. This is 39% above median its historical median of 25.85. Over the past decade, Mycronic AB's Operating Margin % has ranged from 17.48 to 29.79. According to the industry distribution chart, Mycronic AB ranks #120 out of 3038 companies in the Industrial Products industry, placing it in the top 3.9%.
Is Mycronic AB's Operating Margin % too high?
Mycronic AB's current Operating Margin % of 35.92% is 39% above median its 10-year median of 25.85. Over the past 10 years, this metric has ranged from a low of 17.48 to a high of 29.79. The Industrial Products industry median Operating Margin % is 6.53. Mycronic AB's value of 35.92% is 450.1% above this industry median. Based on the distribution chart, Mycronic AB ranks #120 out of 3038 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mycronic AB has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mycronic AB's Operating Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mycronic AB ranks #120 out of 3038 companies for Operating Margin %. This places Mycronic AB in the top 4% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.53. Mycronic AB's value of 35.92% is 450.1% above this benchmark. Historically, Mycronic AB's own Operating Margin % has ranged from 17.48 to 29.79 over the past decade. While the company's 10-year median is 25.85 vs. the industry median of 6.53, Mycronic AB 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 an Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.53, based on 3,038 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. Mycronic AB's current Operating Margin % of 35.92% is 450.1% 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 Mycronic AB and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mycronic AB's current Operating Margin % is 35.92%, which is 39% above median its own 10-year median of 25.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mycronic AB stock overvalued right now?
Based on GuruFocus' analysis, Mycronic AB (MICLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.18, compared to a current price of $32.92 — trading 48.4% above its estimated fair value. The current Operating Margin % is 35.92%, which is 39% above median its 10-year median of 25.85 and 450.1% above the Industrial Products industry median of 6.53. Mycronic AB's overall GF Score™ is 91/100 with 4 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 Mycronic AB (MICLF), the current Operating Margin % is 35.92% 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 Mycronic AB (MICLF) Overvalued in 2026?
Based on GuruFocus' analysis, Mycronic AB stock appears to be overvalued.
The current stock price of $32.92 is trading 48.4% above its estimated GF Value™ of $22.18.
GuruFocus considers Mycronic AB to be Significantly Overvalued.
Key valuation signals for MICLF:
Operating Margin %: 35.92% (39% above median its 10-year median of 25.85)
GF Value™: $22.18 vs. price of $32.92 (48.4% above fair value)
Industry Position: 450.1% above the Industrial Products median (#120 of 3038)
No single metric tells the full story. See the MICLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mycronic AB develops solutions for electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, & markets mask writers & measuring machines for the production of photomasks for displays; The PCB Assembly Solutions division develops, manufactures, and markets flexible PCB assembly solutions, including jet printing, stencil printing, 3D inspection, component placement, and automated storage solutions. The High Volume division develops, manufactures, & markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes production solutions with high levels of differentiation. The majority of its revenue is generated from the PCB Generators segment.
91GF Score
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