Munsin Garment (ROCO:2916) Operating Margin %: 19.11% (As of Dec. 2025) — 133% Above Median

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ROCO:2916 Munsin Garment Corp ROCO:2916
80 GF Score
Price NT$40.10
GF Value NT$46.88
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Munsin Garment Operating Margin %?

Munsin Garment ROCO:2916 -0.99% 80 Operating Margin % is 19.11% as of Dec. 2025, which is 133% above its 10-year median of 8.20. GuruFocus rates ROCO:2916 with a GF Score™ of 80/100 and a GF Value™ of NT$46.88 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,038 Manufacturing - Apparel & Accessories companies, Munsin Garment ranks better than 86.9% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Munsin Garment's Operating Income for the three months ended in Dec. 2025 was NT$117 Mil. Munsin Garment's Revenue for the three months ended in Dec. 2025 was NT$614 Mil. Therefore, Munsin Garment's Operating Margin % for the quarter that ended in Dec. 2025 was 19.11%.

Good Sign:

Munsin Garment Corp operating margin is expanding. Margin expansion is usually a good sign.

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

ROCO:2916' s Operating Margin % Range Over the Past 10 Years
Min: 4.08   Med: 8.2   Max: 15.23
Current: 14.21


ROCO:2916's Operating Margin % is ranked better than
86.9% of 1038 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.12 vs ROCO:2916: 14.21

Munsin Garment's 5-Year Average Operating Margin % Growth Rate was 15.60% per year.

Munsin Garment's Operating Income for the three months ended in Dec. 2025 was NT$117 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$278 Mil.


Munsin Garment  (ROCO:2916) 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.


Munsin Garment Operating Margin % Related Terms


Munsin Garment Operating Margin % Historical Data

* Premium members only.

The historical data trend for Munsin Garment'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.

Munsin Garment Operating Margin % Chart

Munsin Garment 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 9.11 13.32 15.23 14.45 14.21

Munsin Garment 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 20.03 16.05 12.78 4.88 19.11

ROCO:2916 vs RL, LEVI, VFC: Operating Margin % Comparison

For the Apparel Manufacturing subindustry, Munsin Garment'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.


Munsin Garment Operating Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Munsin Garment's Operating Margin % falls into.


ROCO:2916
80GF Score
Munsin Garment Corp ROCO:2916
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Munsin Garment 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.

Munsin Garment'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 )
=278.239 / 1958.266
=14.21 %

Munsin Garment'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 )
=117.28 / 613.865
=19.11 %

* 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 19.11% mean?
Munsin Garment (ROCO:2916) has a Operating Margin % of 19.11% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Munsin Garment and its competitors. This is 133% above median its historical median of 8.20. Over the past decade, Munsin Garment's Operating Margin % has ranged from 4.08 to 15.23. According to the industry distribution chart, Munsin Garment ranks #136 out of 1038 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 13.1%.
Is Munsin Garment's Operating Margin % too high?
Munsin Garment's current Operating Margin % of 19.11% is 133% above median its 10-year median of 8.20. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 15.23. The Manufacturing - Apparel & Accessories industry median Operating Margin % is 4.12. Munsin Garment's value of 19.11% is 363.8% above this industry median. Based on the distribution chart, Munsin Garment ranks #136 out of 1038 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Munsin Garment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's Operating Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Munsin Garment ranks #136 out of 1038 companies for Operating Margin %. This places Munsin Garment in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 4.12. Munsin Garment's value of 19.11% is 363.8% above this benchmark. Historically, Munsin Garment's own Operating Margin % has ranged from 4.08 to 15.23 over the past decade. While the company's 10-year median is 8.20 vs. the industry median of 4.12, Munsin Garment 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.12, based on 1,038 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. Munsin Garment's current Operating Margin % of 19.11% is 363.8% 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 Munsin Garment and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munsin Garment's current Operating Margin % is 19.11%, which is 133% above median its own 10-year median of 8.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.88, compared to a current price of NT$40.10 — trading 14.5% below its estimated fair value. The current Operating Margin % is 19.11%, which is 133% above median its 10-year median of 8.20 and 363.8% above the Manufacturing - Apparel & Accessories industry median of 4.12. Munsin Garment's overall GF Score™ is 80/100 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 Munsin Garment (ROCO:2916), the current Operating Margin % is 19.11% 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 Munsin Garment (ROCO:2916) Overvalued in 2026?

Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued. The current stock price of NT$40.10 is trading 14.5% below its estimated GF Value™ of NT$46.88. GuruFocus considers Munsin Garment to be Modestly Undervalued.

Key valuation signals for ROCO:2916:

  • Operating Margin %: 19.11% (133% above median its 10-year median of 8.20)
  • GF Value™: NT$46.88 vs. price of NT$40.10 (14.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 363.8% above the Manufacturing - Apparel & Accessories median (#136 of 1038)

No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Munsin Garment Business Description

Address Wuquan 6th Road, No. 18, Wugu District, New Taipei City, TWN
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
80GF Score

Get the complete analysis for ROCO:2916

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

NT$40.10
Price
NT$46.88
GF Value