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HBM NigeriaNSA:HBMNG 78 Operating Margin % is 42.18% as of Mar. 2026, which is 102% above its 10-year median of 20.93. GuruFocus rates NSA:HBMNG with a GF Score™ of 78/100 and a GF Value™ of ₦128.48 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 403 Building Materials companies, HBM Nigeria ranks better than 97.77% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. HBM Nigeria's Operating Income for the
three
months ended in Mar. 2026 was ₦141,268 Mil. HBM Nigeria's Revenue for the
three
months ended in Mar. 2026 was ₦334,882 Mil. Therefore, HBM Nigeria's Operating Margin % for the quarter that ended in Mar. 2026 was 42.18%.
Good Sign:
Lafarge Africa PLC operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for HBM Nigeria's Operating Margin % or its related term are showing as below:
NSA:HBMNG'
s Operating Margin % Range Over the Past 10 Years
Min: 2.4 Med: 20.93 Max: 39.77
Current: 39.77
NSA:HBMNG's Operating Margin % is ranked better than 97.77% of 403
companies
in the Building Materials industry
Industry Median: 7.62
vs NSA:HBMNG: 39.77
HBM Nigeria's 5-Year Average Operating Margin % Growth Rate was 11.40% per year.
HBM Nigeria's Operating Income for the
three
months ended in Mar. 2026 was ₦141,268 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₦458,501 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.
HBM Nigeria Operating Margin % Related Terms
HBM Nigeria Operating Margin % Historical Data
* Premium members only.
The historical data trend for HBM Nigeria'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.
NSA:HBMNG vs CRH, VMC, MLM: Operating Margin % Comparison
For the Building Materials subindustry, HBM Nigeria'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.
HBM Nigeria Operating Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, HBM Nigeria's Operating Margin % distribution charts can be found below:
* The bar in red indicates where HBM Nigeria'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.
HBM Nigeria'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.
HBM Nigeria (NSA:HBMNG) has a Operating Margin % of 42.18% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on HBM Nigeria and its competitors. This is 102% above median its historical median of 20.93. Over the past decade, HBM Nigeria's Operating Margin % has ranged from 2.40 to 39.77. According to the industry distribution chart, HBM Nigeria ranks #9 out of 403 companies in the Building Materials industry, placing it in the top 2.2%.
Is HBM Nigeria's Operating Margin % too high?
HBM Nigeria's current Operating Margin % of 42.18% is 102% above median its 10-year median of 20.93. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 39.77. The Building Materials industry median Operating Margin % is 7.62. HBM Nigeria's value of 42.18% is 453.5% above this industry median. Based on the distribution chart, HBM Nigeria ranks #9 out of 403 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, HBM Nigeria has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HBM Nigeria's Operating Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, HBM Nigeria ranks #9 out of 403 companies for Operating Margin %. This places HBM Nigeria in the top 2% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.62. HBM Nigeria's value of 42.18% is 453.5% above this benchmark. Historically, HBM Nigeria's own Operating Margin % has ranged from 2.40 to 39.77 over the past decade. While the company's 10-year median is 20.93 vs. the industry median of 7.62, HBM Nigeria 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 Building Materials company?
The median Operating Margin % among Building Materials companies is 7.62, based on 403 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. HBM Nigeria's current Operating Margin % of 42.18% is 453.5% 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 HBM Nigeria and its competitors. For the Building Materials industry, the median Operating Margin % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBM Nigeria's current Operating Margin % is 42.18%, which is 102% above median its own 10-year median of 20.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBM Nigeria stock overvalued right now?
Based on GuruFocus' analysis, HBM Nigeria (NSA:HBMNG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦128.48, compared to a current price of ₦335.00 — trading 160.7% above its estimated fair value. The current Operating Margin % is 42.18%, which is 102% above median its 10-year median of 20.93 and 453.5% above the Building Materials industry median of 7.62. HBM Nigeria's overall GF Score™ is 78/100 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 HBM Nigeria (NSA:HBMNG), the current Operating Margin % is 42.18% 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 HBM Nigeria (NSA:HBMNG) Overvalued in 2026?
Based on GuruFocus' analysis, HBM Nigeria stock appears to be overvalued.
The current stock price of ₦335.00 is trading 160.7% above its estimated GF Value™ of ₦128.48.
GuruFocus considers HBM Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:HBMNG:
Operating Margin %: 42.18% (102% above median its 10-year median of 20.93)
GF Value™: ₦128.48 vs. price of ₦335.00 (160.7% above fair value)
Industry Position: 453.5% above the Building Materials median (#9 of 403)
No single metric tells the full story. See the NSA:HBMNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. The brands in products portfolio of the company includes ECOPlanet Unicem, Elephant cement, ThermoSet, Watershield, Powermax, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment.
78GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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