Mustang Industrial (ROCO:5460) Operating Margin %: -6.09% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:5460 Mustang Industrial Corp ROCO:5460
61 GF Score
Price NT$16.60
GF Value NT$9.63
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Mustang Industrial Operating Margin %?

Mustang Industrial ROCO:5460 -0.30% 61 Operating Margin % is -6.09% as of Dec. 2025. GuruFocus rates ROCO:5460 with a GF Score™ of 61/100 and a GF Value™ of NT$9.63 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 3,031 Industrial Products companies, Mustang Industrial ranks worse than 85.85% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mustang Industrial's Operating Income for the three months ended in Dec. 2025 was NT$-3.4 Mil. Mustang Industrial's Revenue for the three months ended in Dec. 2025 was NT$56.6 Mil. Therefore, Mustang Industrial's Operating Margin % for the quarter that ended in Dec. 2025 was -6.09%.

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

ROCO:5460' s Operating Margin % Range Over the Past 10 Years
Min: -7.85   Med: 0.15   Max: 9.06
Current: -7.21


ROCO:5460's Operating Margin % is ranked worse than
85.85% of 3031 companies
in the Industrial Products industry
Industry Median: 6.51 vs ROCO:5460: -7.21

Mustang Industrial's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Mustang Industrial's Operating Income for the three months ended in Dec. 2025 was NT$-3.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-16.8 Mil.


Mustang Industrial  (ROCO:5460) 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.


Mustang Industrial Operating Margin % Related Terms


Mustang Industrial Operating Margin % Historical Data

* Premium members only.

The historical data trend for Mustang Industrial'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.

Mustang Industrial Operating Margin % Chart

Mustang Industrial 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 -0.26 -7.85 -6.78 -2.28 -7.20

Mustang Industrial 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 -0.87 -12.69 -3.89 -6.34 -6.09

ROCO:5460 vs CRS, ATI, MLI: Operating Margin % Comparison

For the Metal Fabrication subindustry, Mustang Industrial'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.


Mustang Industrial Operating Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mustang Industrial's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Mustang Industrial's Operating Margin % falls into.


ROCO:5460
61GF Score
Mustang Industrial Corp ROCO:5460
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustang Industrial 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.

Mustang Industrial'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 )
=-16.812 / 233.338
=-7.20 %

Mustang Industrial'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 )
=-3.447 / 56.631
=-6.09 %

* 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 -6.09% mean?
Mustang Industrial (ROCO:5460) has a Operating Margin % of -6.09% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Mustang Industrial and its competitors. According to the industry distribution chart, Mustang Industrial ranks #2602 out of 3031 companies in the Industrial Products industry, placing it in the top 85.8%.
Is Mustang Industrial's Operating Margin % too high?
Mustang Industrial's current Operating Margin % is -6.09%. Based on the distribution chart, Mustang Industrial ranks #2602 out of 3031 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Mustang Industrial has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustang Industrial's Operating Margin % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Mustang Industrial ranks #2602 out of 3031 companies for Operating Margin %. This places Mustang Industrial in the lower half of its industry. The industry median Operating Margin % is 6.51. 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 an Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.51, based on 3,031 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. 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 Mustang Industrial and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustang Industrial's current Operating Margin % is -6.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustang Industrial stock overvalued right now?
Based on GuruFocus' analysis, Mustang Industrial (ROCO:5460) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$9.63, compared to a current price of NT$16.60 — trading 72.4% above its estimated fair value. The current Operating Margin % is -6.09%. Mustang Industrial's overall GF Score™ is 61/100 with 1 warning sign 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 Mustang Industrial (ROCO:5460), the current Operating Margin % is -6.09% 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 Mustang Industrial (ROCO:5460) Overvalued in 2026?

Based on GuruFocus' analysis, Mustang Industrial stock appears to be overvalued. The current stock price of NT$16.60 is trading 72.4% above its estimated GF Value™ of NT$9.63. GuruFocus considers Mustang Industrial to be Significantly Overvalued.

Key valuation signals for ROCO:5460:

  • Operating Margin %: -6.09%
  • GF Value™: NT$9.63 vs. price of NT$16.60 (72.4% above fair value)
  • GF Score™: 61/100 with 1 warning sign

No single metric tells the full story. See the ROCO:5460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mustang Industrial Business Description

Address No. 1, Lane 429, Min\'an Road, Xinzhuang District, New Taipei, TWN, 242
Mustang Industrial Corp is engaged in the manufacture and distribution of metal stamping components in Taiwan. Its products include shielding frames and metal covers, brackets, chassis, antenna springs, and shielding cans, among others.
61GF Score

Get the complete analysis for ROCO:5460

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

NT$16.60
Price
NT$9.63
GF Value