DMCI HoldingsPHS:DMC -1.61%73 Operating Margin % is 18.47% as of Mar. 2026, which is 20% below its 10-year median of 23.22. GuruFocus rates PHS:DMC with a GF Score™ of 73/100 and a GF Value™ of ₱10.39 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 545 Conglomerates companies, DMCI Holdings ranks better than 81.28% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. DMCI Holdings's Operating Income for the
three
months ended in Mar. 2026 was ₱5,746 Mil. DMCI Holdings's Revenue for the
three
months ended in Mar. 2026 was ₱31,100 Mil. Therefore, DMCI Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 18.47%.
Good Sign:
DMCI Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for DMCI Holdings's Operating Margin % or its related term are showing as below:
PHS:DMC'
s Operating Margin % Range Over the Past 10 Years
Min: 10.36 Med: 23.22 Max: 34.53
Current: 15.28
PHS:DMC's Operating Margin % is ranked better than 81.28% of 545
companies
in the Conglomerates industry
Industry Median: 5.93
vs PHS:DMC: 15.28
DMCI Holdings's 5-Year Average Operating Margin % Growth Rate was 5.40% per year.
DMCI Holdings's Operating Income for the
three
months ended in Mar. 2026 was ₱5,746 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₱16,481 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.
DMCI Holdings Operating Margin % Related Terms
DMCI Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for DMCI Holdings'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.
PHS:DMC vs HON, MMM: Operating Margin % Comparison
For the Conglomerates subindustry, DMCI Holdings'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.
DMCI Holdings Operating Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, DMCI Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where DMCI Holdings'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.
DMCI Holdings'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.
DMCI Holdings (PHS:DMC) has a Operating Margin % of 18.47% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on DMCI Holdings and its competitors. This is 20% below median its historical median of 23.22. Over the past decade, DMCI Holdings' Operating Margin % has ranged from 10.36 to 34.53. According to the industry distribution chart, DMCI Holdings ranks #102 out of 545 companies in the Conglomerates industry, placing it in the top 18.7%.
Is DMCI Holdings' Operating Margin % too high?
DMCI Holdings' current Operating Margin % of 18.47% is 20% below median its 10-year median of 23.22. Over the past 10 years, this metric has ranged from a low of 10.36 to a high of 34.53. The Conglomerates industry median Operating Margin % is 5.93. DMCI Holdings' value of 18.47% is 211.5% above this industry median. Based on the distribution chart, DMCI Holdings ranks #102 out of 545 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, DMCI Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMCI Holdings' Operating Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, DMCI Holdings ranks #102 out of 545 companies for Operating Margin %. This places DMCI Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.93. DMCI Holdings' value of 18.47% is 211.5% above this benchmark. Historically, DMCI Holdings' own Operating Margin % has ranged from 10.36 to 34.53 over the past decade. While the company's 10-year median is 23.22 vs. the industry median of 5.93, DMCI Holdings 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. DMCI Holdings's current Operating Margin % of 18.47% is 211.5% 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 DMCI Holdings 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. DMCI Holdings's current Operating Margin % is 18.47%, which is 20% below median its own 10-year median of 23.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMCI Holdings stock overvalued right now?
Based on GuruFocus' analysis, DMCI Holdings (PHS:DMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱10.39, compared to a current price of ₱7.93 — trading 23.7% below its estimated fair value. The current Operating Margin % is 18.47%, which is 20% below median its 10-year median of 23.22 and 211.5% above the Conglomerates industry median of 5.93. DMCI Holdings' overall GF Score™ is 73/100 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 DMCI Holdings (PHS:DMC), the current Operating Margin % is 18.47% 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 DMCI Holdings (PHS:DMC) Overvalued in 2026?
Based on GuruFocus' analysis, DMCI Holdings stock appears to be undervalued.
The current stock price of ₱7.93 is trading 23.7% below its estimated GF Value™ of ₱10.39.
GuruFocus considers DMCI Holdings to be Modestly Undervalued.
Key valuation signals for PHS:DMC:
Operating Margin %: 18.47% (20% below median its 10-year median of 23.22)
GF Value™: ₱10.39 vs. price of ₱7.93 (23.7% below fair value)
Industry Position: 211.5% above the Conglomerates median (#102 of 545)
No single metric tells the full story. See the PHS:DMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DMCI Holdings Inc is an engineering conglomerate in the Philippines, operating in construction, real estate, coal mining, nickel mining, power generation, and water distribution businesses. The activities of the company include construction-related businesses such as the production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, water services, and others. It organizes its business into operating segments: construction and others, coal mining, nickel mining, real estate, on-grid power, off-grid power, water, and cement manufacturing. It generates the majority of its revenue from the coal mining segment.
73GF Score
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