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BRC AsiaSGX:BEC +0.24%100 Operating Margin % is 6.88% as of Mar. 2026, which is 22% above its 10-year median of 5.64. GuruFocus rates SGX:BEC with a GF Score™ of 100/100 and a GF Value™ of S$2.86 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 611 Steel companies, BRC Asia ranks better than 72.01% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. BRC Asia's Operating Income for the
six
months ended in Mar. 2026 was S$64 Mil. BRC Asia's Revenue for the
six
months ended in Mar. 2026 was S$931 Mil. Therefore, BRC Asia's Operating Margin % for the quarter that ended in Mar. 2026 was 6.88%.
Good Sign:
BRC Asia Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for BRC Asia's Operating Margin % or its related term are showing as below:
SGX:BEC'
s Operating Margin % Range Over the Past 10 Years
Min: 1.13 Med: 5.64 Max: 7.19
Current: 7.19
SGX:BEC's Operating Margin % is ranked better than 72.01% of 611
companies
in the Steel industry
Industry Median: 3.01
vs SGX:BEC: 7.19
BRC Asia's 5-Year Average Operating Margin % Growth Rate was 3.70% per year.
BRC Asia's Operating Income for the
six
months ended in Mar. 2026 was S$64 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was S$127 Mil.
BRC Asia (SGX:BEC) 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.
BRC Asia Operating Margin % Related Terms
BRC Asia Operating Margin % Historical Data
* Premium members only.
The historical data trend for BRC Asia'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.
SGX:BEC vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, BRC Asia'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.
BRC Asia Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, BRC Asia's Operating Margin % distribution charts can be found below:
* The bar in red indicates where BRC Asia'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.
BRC Asia's Operating Margin % for the fiscal year that ended in Sep. 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.
BRC Asia (SGX:BEC) has a Operating Margin % of 6.88% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on BRC Asia and its competitors. This is 22% above median its historical median of 5.64. Over the past decade, BRC Asia's Operating Margin % has ranged from 1.13 to 7.19. According to the industry distribution chart, BRC Asia ranks #171 out of 611 companies in the Steel industry, placing it in the top 28%.
Is BRC Asia's Operating Margin % too high?
BRC Asia's current Operating Margin % of 6.88% is 22% above median its 10-year median of 5.64. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 7.19. The Steel industry median Operating Margin % is 3.01. BRC Asia's value of 6.88% is 128.6% above this industry median. Based on the distribution chart, BRC Asia ranks #171 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, BRC Asia has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BRC Asia's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, BRC Asia ranks #171 out of 611 companies for Operating Margin %. This puts BRC Asia in the upper half of its industry. The industry median Operating Margin % is 3.01. BRC Asia's value of 6.88% is 128.6% above this benchmark. Historically, BRC Asia's own Operating Margin % has ranged from 1.13 to 7.19 over the past decade. While the company's 10-year median is 5.64 vs. the industry median of 3.01, BRC Asia 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 Steel company?
The median Operating Margin % among Steel companies is 3.01, based on 611 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. BRC Asia's current Operating Margin % of 6.88% is 128.6% 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 BRC Asia and its competitors. For the Steel industry, the median Operating Margin % is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRC Asia's current Operating Margin % is 6.88%, which is 22% above median its own 10-year median of 5.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRC Asia stock overvalued right now?
Based on GuruFocus' analysis, BRC Asia (SGX:BEC) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.86, compared to a current price of S$4.20 — trading 46.9% above its estimated fair value. The current Operating Margin % is 6.88%, which is 22% above median its 10-year median of 5.64 and 128.6% above the Steel industry median of 3.01. BRC Asia's overall GF Score™ is 100/100 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 BRC Asia (SGX:BEC), the current Operating Margin % is 6.88% as of Mar. 2026. 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 BRC Asia (SGX:BEC) Overvalued in 2026?
Based on GuruFocus' analysis, BRC Asia stock appears to be overvalued.
The current stock price of S$4.20 is trading 46.9% above its estimated GF Value™ of S$2.86.
GuruFocus considers BRC Asia to be Significantly Overvalued.
Key valuation signals for SGX:BEC:
Operating Margin %: 6.88% (22% above median its 10-year median of 5.64)
GF Value™: S$2.86 vs. price of S$4.20 (46.9% above fair value)
Industry Position: 128.6% above the Steel median (#171 of 611)
No single metric tells the full story. See the SGX:BEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BRC Asia Ltd is principally engaged in the prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. The company's reportable segments are: (i) The fabrication and manufacturing segment is involved in the business of processing and prefabrication of steel reinforcement, including sale of standard-length rebar, for use in concrete. (ii) Trading segment is involved in trading of steel and steel related products in both domestic and international market. (iii) Others relates to leasing of properties. The majority of the company's revenue is derived from the Fabrication and manufacturing segment. Geographically, it derives the maximum revenue from Singapore.
100GF Score
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