Ta Chan Securities CoROCO:6020 60 Operating Margin % is 52.46% as of Dec. 2025, which is 58% above its 10-year median of 33.24. GuruFocus rates ROCO:6020 with a GF Score™ of 60/100 and a GF Value™ of NT$17.47 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 667 Capital Markets companies, Ta Chan Securities Co ranks better than 65.37% on this metric.
Ta Chan Securities Co (ROCO:6020) 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.
Ta Chan Securities Co Operating Margin % Related Terms
Ta Chan Securities Co Operating Margin % Historical Data
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The historical data trend for Ta Chan 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:6020 vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Ta Chan 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.
Ta Chan Securities Co Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Ta Chan Securities Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ta Chan Securities Co's Operating Margin % falls into.
Ta Chan 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.
Ta Chan 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.
Ta Chan Securities Co (ROCO:6020) has a Operating Margin % of 52.46% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Ta Chan Securities Co and its competitors. This is 58% above median its historical median of 33.24. According to the industry distribution chart, Ta Chan Securities Co ranks #231 out of 667 companies in the Capital Markets industry, placing it in the top 34.6%.
Is Ta Chan Securities Co's Operating Margin % too high?
Ta Chan Securities Co's current Operating Margin % of 52.46% is 58% above median its 10-year median of 33.24. The Capital Markets industry median Operating Margin % is 7.13. Ta Chan Securities Co's value of 52.46% is 635.8% above this industry median. Based on the distribution chart, Ta Chan Securities Co ranks #231 out of 667 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Ta Chan Securities Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ta Chan Securities Co's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Ta Chan Securities Co ranks #231 out of 667 companies for Operating Margin %. This puts Ta Chan Securities Co in the upper half of its industry. The industry median Operating Margin % is 7.13. Ta Chan Securities Co's value of 52.46% is 635.8% above this benchmark. While the company's 10-year median is 33.24 vs. the industry median of 7.13, Ta Chan 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 7.13, based on 667 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. Ta Chan Securities Co's current Operating Margin % of 52.46% is 635.8% 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 Ta Chan Securities Co and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ta Chan Securities Co's current Operating Margin % is 52.46%, which is 58% above median its own 10-year median of 33.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta Chan Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Ta Chan Securities Co (ROCO:6020) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$17.47, compared to a current price of NT$22.85 — trading 30.8% above its estimated fair value. The current Operating Margin % is 52.46%, which is 58% above median its 10-year median of 33.24 and 635.8% above the Capital Markets industry median of 7.13. Ta Chan Securities Co's overall GF Score™ is 60/100 with 6 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 Ta Chan Securities Co (ROCO:6020), the current Operating Margin % is 52.46% 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 Ta Chan Securities Co (ROCO:6020) Overvalued in 2026?
Based on GuruFocus' analysis, Ta Chan Securities Co stock appears to be overvalued.
The current stock price of NT$22.85 is trading 30.8% above its estimated GF Value™ of NT$17.47.
GuruFocus considers Ta Chan Securities Co to be Modestly Overvalued.
Key valuation signals for ROCO:6020:
Operating Margin %: 52.46% (58% above median its 10-year median of 33.24)
GF Value™: NT$17.47 vs. price of NT$22.85 (30.8% above fair value)
Industry Position: 635.8% above the Capital Markets median (#231 of 667)
No single metric tells the full story. See the ROCO:6020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ta Chan Securities Co Ltd is a securities service provider institution. The company is engaged in brokerage, trade, and underwriting of securities, futures, and margin trading. It is also involved in the securities lending business. Its segments include Brokerage Department, Investment Banking Department, Proprietary Trading Department, and Other Departments. It generates the majority of its revenue from the Proprietary Trading business.
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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