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Yuanta Futures CoROCO:6023 -0.34%69 Operating Margin % is 14.79% as of Dec. 2025, which is 64% above its 10-year median of 9.00. GuruFocus rates ROCO:6023 with a GF Score™ of 69/100 and a GF Value™ of NT$63.50 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 667 Capital Markets companies, Yuanta Futures Co ranks worse than 70.01% on this metric.
Yuanta Futures Co (ROCO:6023) 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.
Yuanta Futures Co Operating Margin % Related Terms
Yuanta Futures Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Yuanta Futures 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:6023 vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Yuanta Futures 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.
Yuanta Futures Co Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Yuanta Futures Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Yuanta Futures Co's Operating Margin % falls into.
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.
Yuanta Futures 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.
Yuanta Futures Co (ROCO:6023) has a Operating Margin % of 14.79% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Yuanta Futures Co and its competitors. This is 64% above median its historical median of 9.00. According to the industry distribution chart, Yuanta Futures Co ranks #467 out of 667 companies in the Capital Markets industry, placing it in the top 70%.
Is Yuanta Futures Co's Operating Margin % too high?
Yuanta Futures Co's current Operating Margin % of 14.79% is 64% above median its 10-year median of 9.00. The Capital Markets industry median Operating Margin % is 7.28. Yuanta Futures Co's value of 14.79% is 103.2% above this industry median. Based on the distribution chart, Yuanta Futures Co ranks #467 out of 667 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Yuanta Futures Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yuanta Futures Co's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Yuanta Futures Co ranks #467 out of 667 companies for Operating Margin %. This places Yuanta Futures Co in the lower half of its industry. The industry median Operating Margin % is 7.28. Yuanta Futures Co's value of 14.79% is 103.2% above this benchmark. While the company's 10-year median is 9.00 vs. the industry median of 7.28, Yuanta Futures 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 7.28, 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. Yuanta Futures Co's current Operating Margin % of 14.79% is 103.2% 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 Yuanta Futures Co and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yuanta Futures Co's current Operating Margin % is 14.79%, which is 64% above median its own 10-year median of 9.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuanta Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Yuanta Futures Co (ROCO:6023) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$63.50, compared to a current price of NT$87.10 — trading 37.2% above its estimated fair value. The current Operating Margin % is 14.79%, which is 64% above median its 10-year median of 9.00 and 103.2% above the Capital Markets industry median of 7.28. Yuanta Futures Co's overall GF Score™ is 69/100 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 Yuanta Futures Co (ROCO:6023), the current Operating Margin % is 14.79% 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 Yuanta Futures Co (ROCO:6023) Overvalued in 2026?
Based on GuruFocus' analysis, Yuanta Futures Co stock appears to be overvalued.
The current stock price of NT$87.10 is trading 37.2% above its estimated GF Value™ of NT$63.50.
GuruFocus considers Yuanta Futures Co to be Significantly Overvalued.
Key valuation signals for ROCO:6023:
Operating Margin %: 14.79% (64% above median its 10-year median of 9.00)
GF Value™: NT$63.50 vs. price of NT$87.10 (37.2% above fair value)
Industry Position: 103.2% above the Capital Markets median (#467 of 667)
No single metric tells the full story. See the ROCO:6023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yuanta Futures Co Ltd is Taiwan's futures company. The company is engaged in onshore and offshore futures brokerage business, futures dealing, futures consulting, futures business management, securities dealing, leverage transaction merchant, and a variety of futures-related businesses. Its operating segments include: Brokerage segment, Dealing segment, and Other segment. The company derives maximum revenue from Brokerage segment. Geographically, the company has its presence in Taiwan, Asia (excluding Taiwan), Europe, America and Other.
69GF Score
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