TTFB Co (ROCO:2729) Operating Margin %: 1.28% (As of Dec. 2025) — 87% Below Median

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ROCO:2729 TTFB Co Ltd ROCO:2729
80 GF Score
Price NT$161.50
GF Value NT$203.72
Valuation Modestly Undervalued
! 5 Warning Signs
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What is TTFB Co Operating Margin %?

TTFB Co ROCO:2729 +1.57% 80 Operating Margin % is 1.28% as of Dec. 2025, which is 87% below its 10-year median of 9.57. GuruFocus rates ROCO:2729 with a GF Score™ of 80/100 and a GF Value™ of NT$203.72 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 362 Restaurants companies, TTFB Co ranks better than 59.12% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. TTFB Co's Operating Income for the three months ended in Dec. 2025 was NT$19 Mil. TTFB Co's Revenue for the three months ended in Dec. 2025 was NT$1,487 Mil. Therefore, TTFB Co's Operating Margin % for the quarter that ended in Dec. 2025 was 1.28%.

Good Sign:

TTFB Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for TTFB Co's Operating Margin % or its related term are showing as below:

ROCO:2729' s Operating Margin % Range Over the Past 10 Years
Min: 3.62   Med: 9.57   Max: 10.71
Current: 6.03


ROCO:2729's Operating Margin % is ranked better than
59.12% of 362 companies
in the Restaurants industry
Industry Median: 4.4 vs ROCO:2729: 6.03

TTFB Co's 5-Year Average Operating Margin % Growth Rate was 0.60% per year.

TTFB Co's Operating Income for the three months ended in Dec. 2025 was NT$19 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$368 Mil.


TTFB Co  (ROCO:2729) 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 Nokia’s 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.


TTFB Co Operating Margin % Related Terms


TTFB Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for TTFB Co'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.

TTFB Co Operating Margin % Chart

TTFB Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.62 3.71 9.77 7.31 6.03

TTFB Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.68 7.17 7.08 8.40 1.28

ROCO:2729 vs MCD, SBUX, YUM: Operating Margin % Comparison

For the Restaurants subindustry, TTFB Co'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.


TTFB Co Operating Margin % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TTFB Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where TTFB Co's Operating Margin % falls into.


ROCO:2729
80GF Score
TTFB Co Ltd ROCO:2729
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TTFB Co Operating Margin % Calculation

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.

TTFB Co's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=368.147 / 6103.901
=6.03 %

TTFB Co's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=19.021 / 1487.092
=1.28 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 1.28% mean?
TTFB Co (ROCO:2729) has a Operating Margin % of 1.28% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on TTFB Co and its competitors. This is 87% below median its historical median of 9.57. Over the past decade, TTFB Co's Operating Margin % has ranged from 3.62 to 10.71. According to the industry distribution chart, TTFB Co ranks #148 out of 362 companies in the Restaurants industry, placing it in the top 40.9%.
Is TTFB Co's Operating Margin % too high?
TTFB Co's current Operating Margin % of 1.28% is 87% below median its 10-year median of 9.57. Over the past 10 years, this metric has ranged from a low of 3.62 to a high of 10.71. The Restaurants industry median Operating Margin % is 4.40. TTFB Co's value of 1.28% is 70.9% below this industry median. Based on the distribution chart, TTFB Co ranks #148 out of 362 companies in the Restaurants industry, which is above the industry midpoint. Overall, TTFB Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TTFB Co's Operating Margin % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, TTFB Co ranks #148 out of 362 companies for Operating Margin %. This puts TTFB Co in the upper half of its industry. The industry median Operating Margin % is 4.40. TTFB Co's value of 1.28% is 70.9% below this benchmark. Historically, TTFB Co's own Operating Margin % has ranged from 3.62 to 10.71 over the past decade. While the company's 10-year median is 9.57 vs. the industry median of 4.40, TTFB Co has consistently been below 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 Restaurants company?
The median Operating Margin % among Restaurants companies is 4.40, based on 362 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. TTFB Co's current Operating Margin % of 1.28% is 70.9% below 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 TTFB Co and its competitors. For the Restaurants industry, the median Operating Margin % is 4.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTFB Co's current Operating Margin % is 1.28%, which is 87% below median its own 10-year median of 9.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTFB Co stock overvalued right now?
Based on GuruFocus' analysis, TTFB Co (ROCO:2729) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$203.72, compared to a current price of NT$161.50 — trading 20.7% below its estimated fair value. The current Operating Margin % is 1.28%, which is 87% below median its 10-year median of 9.57 and 70.9% below the Restaurants industry median of 4.40. TTFB Co's overall GF Score™ is 80/100 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 TTFB Co (ROCO:2729), the current Operating Margin % is 1.28% 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 TTFB Co (ROCO:2729) Overvalued in 2026?

Based on GuruFocus' analysis, TTFB Co stock appears to be undervalued. The current stock price of NT$161.50 is trading 20.7% below its estimated GF Value™ of NT$203.72. GuruFocus considers TTFB Co to be Modestly Undervalued.

Key valuation signals for ROCO:2729:

  • Operating Margin %: 1.28% (87% below median its 10-year median of 9.57)
  • GF Value™: NT$203.72 vs. price of NT$161.50 (20.7% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 70.9% below the Restaurants median (#148 of 362)

No single metric tells the full story. See the ROCO:2729 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TTFB Co Business Description

Address Jianyi Road, 7th Floor - 1, No. 176, Zhonghe District, New Taipei City, TWN, 235
TTFB Co Ltd is engaged in the operation of the oriental food chain restaurant. The operates restaurants under different brands, which are Thai Town Cuisine, VeryThai Restaurant, SHANN Rice Bar, 1010 Hunan Cuisine, SHANN SHANN, YABI, BHEART Noodles, BO BO TTFB, and the Diner. The company's operating segments are reported as Taiwan, which derives maximum revenue from the Catering business segment, and Mainland China.
80GF Score

Get the complete analysis for ROCO:2729

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$161.50
Price
NT$203.72
GF Value