Fortress MineralsSGX:OAJ 54 Operating Margin % is 17.61% as of Feb. 2026, which is 49% below its 10-year median of 34.71. GuruFocus rates SGX:OAJ with a GF Score™ of 54/100 and a GF Value™ of S$0.15 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 615 Steel companies, Fortress Minerals ranks better than 94.96% on this metric.
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.
Fortress Minerals Operating Margin % Related Terms
Fortress Minerals Operating Margin % Historical Data
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The historical data trend for Fortress Minerals'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:OAJ vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, Fortress Minerals'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.
Fortress Minerals Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Fortress Minerals's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Fortress Minerals'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.
Fortress Minerals's Operating Margin % for the fiscal year that ended in Feb. 2026 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.
Fortress Minerals (SGX:OAJ) has a Operating Margin % of 17.61% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Fortress Minerals and its competitors. This is 49% below median its historical median of 34.71. Over the past decade, Fortress Minerals' Operating Margin % has ranged from 20.48 to 48.82. According to the industry distribution chart, Fortress Minerals ranks #31 out of 615 companies in the Steel industry, placing it in the top 5%.
Is Fortress Minerals' Operating Margin % too high?
Fortress Minerals' current Operating Margin % of 17.61% is 49% below median its 10-year median of 34.71. Over the past 10 years, this metric has ranged from a low of 20.48 to a high of 48.82. The Steel industry median Operating Margin % is 2.99. Fortress Minerals' value of 17.61% is 489% above this industry median. Based on the distribution chart, Fortress Minerals ranks #31 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Fortress Minerals has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortress Minerals' Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Fortress Minerals ranks #31 out of 615 companies for Operating Margin %. This places Fortress Minerals in the top 5% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.99. Fortress Minerals' value of 17.61% is 489% above this benchmark. Historically, Fortress Minerals' own Operating Margin % has ranged from 20.48 to 48.82 over the past decade. While the company's 10-year median is 34.71 vs. the industry median of 2.99, Fortress Minerals 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 2.99, based on 615 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. Fortress Minerals's current Operating Margin % of 17.61% is 489% 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 Fortress Minerals and its competitors. For the Steel industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortress Minerals's current Operating Margin % is 17.61%, which is 49% below median its own 10-year median of 34.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Minerals stock overvalued right now?
Based on GuruFocus' analysis, Fortress Minerals (SGX:OAJ) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.15, compared to a current price of S$0.25 — trading 66.7% above its estimated fair value. The current Operating Margin % is 17.61%, which is 49% below median its 10-year median of 34.71 and 489% above the Steel industry median of 2.99. Fortress Minerals' overall GF Score™ is 54/100 with 4 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 Fortress Minerals (SGX:OAJ), the current Operating Margin % is 17.61% as of Feb. 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 Fortress Minerals (SGX:OAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Fortress Minerals stock appears to be overvalued.
The current stock price of S$0.25 is trading 66.7% above its estimated GF Value™ of S$0.15.
GuruFocus considers Fortress Minerals to be Significantly Overvalued.
Key valuation signals for SGX:OAJ:
Operating Margin %: 17.61% (49% below median its 10-year median of 34.71)
GF Value™: S$0.15 vs. price of S$0.25 (66.7% above fair value)
Industry Position: 489% above the Steel median (#31 of 615)
No single metric tells the full story. See the SGX:OAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in the exploration, mining, production, and sale of iron ore with low levels of impurities. It mines the iron ore from its East, Valley, and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from the sale of iron ore.
54GF Score
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