SP Group ASOCSE:SPG -1.07%95 Operating Margin % is 14.42% as of Mar. 2026, which is 50% above its 10-year median of 9.64. GuruFocus rates OCSE:SPG with a GF Score™ of 95/100 and a GF Value™ of kr329.50 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,584 Chemicals companies, SP Group AS ranks better than 78.85% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. SP Group AS's Operating Income for the
three
months ended in Mar. 2026 was kr139 Mil. SP Group AS's Revenue for the
three
months ended in Mar. 2026 was kr966 Mil. Therefore, SP Group AS's Operating Margin % for the quarter that ended in Mar. 2026 was 14.42%.
Good Sign:
SP Group AS operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for SP Group AS's Operating Margin % or its related term are showing as below:
OCSE:SPG'
s Operating Margin % Range Over the Past 10 Years
Min: 8.25 Med: 9.64 Max: 13.41
Current: 13.35
OCSE:SPG's Operating Margin % is ranked better than 78.85% of 1584
companies
in the Chemicals industry
Industry Median: 6.025
vs OCSE:SPG: 13.35
SP Group AS's 5-Year Average Operating Margin % Growth Rate was 6.00% per year.
SP Group AS's Operating Income for the
three
months ended in Mar. 2026 was kr139 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr418 Mil.
SP Group AS (OCSE:SPG) 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.
SP Group AS Operating Margin % Related Terms
SP Group AS Operating Margin % Historical Data
* Premium members only.
The historical data trend for SP Group AS'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.
OCSE:SPG vs LIN, SHW, ECL: Operating Margin % Comparison
For the Specialty Chemicals subindustry, SP Group AS'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.
SP Group AS Operating Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SP Group AS's Operating Margin % distribution charts can be found below:
* The bar in red indicates where SP Group AS'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.
SP Group AS'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.
SP Group AS (OCSE:SPG) has a Operating Margin % of 14.42% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on SP Group AS and its competitors. This is 50% above median its historical median of 9.64. Over the past decade, SP Group AS's Operating Margin % has ranged from 8.25 to 13.41. According to the industry distribution chart, SP Group AS ranks #335 out of 1584 companies in the Chemicals industry, placing it in the top 21.1%.
Is SP Group AS's Operating Margin % too high?
SP Group AS's current Operating Margin % of 14.42% is 50% above median its 10-year median of 9.64. Over the past 10 years, this metric has ranged from a low of 8.25 to a high of 13.41. The Chemicals industry median Operating Margin % is 6.03. SP Group AS's value of 14.42% is 139.3% above this industry median. Based on the distribution chart, SP Group AS ranks #335 out of 1584 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, SP Group AS has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SP Group AS's Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, SP Group AS ranks #335 out of 1584 companies for Operating Margin %. This places SP Group AS in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.03. SP Group AS's value of 14.42% is 139.3% above this benchmark. Historically, SP Group AS's own Operating Margin % has ranged from 8.25 to 13.41 over the past decade. While the company's 10-year median is 9.64 vs. the industry median of 6.03, SP Group AS 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 Chemicals company?
The median Operating Margin % among Chemicals companies is 6.03, based on 1,584 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. SP Group AS's current Operating Margin % of 14.42% is 139.3% 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 SP Group AS and its competitors. For the Chemicals industry, the median Operating Margin % is 6.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SP Group AS's current Operating Margin % is 14.42%, which is 50% above median its own 10-year median of 9.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Group AS stock overvalued right now?
Based on GuruFocus' analysis, SP Group AS (OCSE:SPG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr329.50, compared to a current price of kr414.50 — trading 25.8% above its estimated fair value. The current Operating Margin % is 14.42%, which is 50% above median its 10-year median of 9.64 and 139.3% above the Chemicals industry median of 6.03. SP Group AS's overall GF Score™ is 95/100 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 SP Group AS (OCSE:SPG), the current Operating Margin % is 14.42% 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 SP Group AS (OCSE:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, SP Group AS stock appears to be overvalued.
The current stock price of kr414.50 is trading 25.8% above its estimated GF Value™ of kr329.50.
GuruFocus considers SP Group AS to be Modestly Overvalued.
Key valuation signals for OCSE:SPG:
Operating Margin %: 14.42% (50% above median its 10-year median of 9.64)
GF Value™: kr329.50 vs. price of kr414.50 (25.8% above fair value)
Industry Position: 139.3% above the Chemicals median (#335 of 1584)
No single metric tells the full story. See the OCSE:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SP Group AS develops and manufactures solutions in plastics using multiple production technologies. It is a supplier of manufactured plastic products for the manufacturing industries. Its solutions include 3D print, Assembly, Blow Moulding, Injection Moulding, , Precision Plastic Machining, among others. Its segments include Denmark, Norway, Sweden, Finland, Latvia, Slovakia, The Netherlands, Poland, North America, China, and Thailand, with Denmark generating the majority of the revenue.
95GF Score
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