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Concord Securities CoROCO:6016 +1.78%64 Operating Margin % is 45.71% as of Dec. 2025, which is 157% above its 10-year median of 17.76. GuruFocus rates ROCO:6016 with a GF Score™ of 64/100 and a GF Value™ of NT$11.85 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 666 Capital Markets companies, Concord Securities Co ranks better than 61.56% on this metric.
Concord Securities Co Ltd has recorded a loss in operating income at least once over the past 3 years.
Concord Securities Co (ROCO:6016) 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.
Concord Securities Co Operating Margin % Related Terms
Concord Securities Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Concord Securities 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.
ROCO:6016 vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Concord Securities 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.
Concord Securities Co Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Concord Securities Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Concord Securities Co's Operating Margin % falls into.
Concord Securities 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.
Concord Securities Co'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.
Concord Securities Co (ROCO:6016) has a Operating Margin % of 45.71% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Concord Securities Co and its competitors. This is 157% above median its historical median of 17.76. According to the industry distribution chart, Concord Securities Co ranks #256 out of 666 companies in the Capital Markets industry, placing it in the top 38.4%.
Is Concord Securities Co's Operating Margin % too high?
Concord Securities Co's current Operating Margin % of 45.71% is 157% above median its 10-year median of 17.76. The Capital Markets industry median Operating Margin % is 7.44. Concord Securities Co's value of 45.71% is 514.4% above this industry median. Based on the distribution chart, Concord Securities Co ranks #256 out of 666 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Concord Securities Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Concord Securities Co's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Concord Securities Co ranks #256 out of 666 companies for Operating Margin %. This puts Concord Securities Co in the upper half of its industry. The industry median Operating Margin % is 7.44. Concord Securities Co's value of 45.71% is 514.4% above this benchmark. While the company's 10-year median is 17.76 vs. the industry median of 7.44, Concord Securities Co 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.44, based on 666 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. Concord Securities Co's current Operating Margin % of 45.71% is 514.4% 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 Concord Securities Co and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Concord Securities Co's current Operating Margin % is 45.71%, which is 157% above median its own 10-year median of 17.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Concord Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Concord Securities Co (ROCO:6016) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$11.85, compared to a current price of NT$25.75 — trading 117.3% above its estimated fair value. The current Operating Margin % is 45.71%, which is 157% above median its 10-year median of 17.76 and 514.4% above the Capital Markets industry median of 7.44. Concord Securities Co's overall GF Score™ is 64/100 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 Concord Securities Co (ROCO:6016), the current Operating Margin % is 45.71% 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 Concord Securities Co (ROCO:6016) Overvalued in 2026?
Based on GuruFocus' analysis, Concord Securities Co stock appears to be overvalued.
The current stock price of NT$25.75 is trading 117.3% above its estimated GF Value™ of NT$11.85.
GuruFocus considers Concord Securities Co to be Significantly Overvalued.
Key valuation signals for ROCO:6016:
Operating Margin %: 45.71% (157% above median its 10-year median of 17.76)
GF Value™: NT$11.85 vs. price of NT$25.75 (117.3% above fair value)
Industry Position: 514.4% above the Capital Markets median (#256 of 666)
No single metric tells the full story. See the ROCO:6016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Concord Securities Co Ltd. is a Taiwan-based company that engages in transactions such as securities, proprietary and brokerage, underwriting, financing, customer acquisition, and short sales; providing agency services for share affairs; assisting in futures trading; and other businesses as approved by relevant authorities. The company's reporting segments are Proprietary, Brokerage, Underwriting, and Other. The majority of its revenue is generated from the Proprietary segment, which engages in trading securities and futures transactions for hedging. The brokerage department engages in securities brokerage, margin purchase, and short sale. The underwriting department engages in efforts underwriting or firm commitment underwritings.
64GF Score
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