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SAIC MotorSHSE:600104 -1.24%62 Operating Margin % is 4.34% as of Mar. 2026, which is 68% above its 10-year median of 2.59. GuruFocus rates SHSE:600104 with a GF Score™ of 62/100 and a GF Value™ of ¥13.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,320 Vehicles & Parts companies, SAIC Motor ranks worse than 68.41% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. SAIC Motor's Operating Income for the
three
months ended in Mar. 2026 was ¥6,090 Mil. SAIC Motor's Revenue for the
three
months ended in Mar. 2026 was ¥140,418 Mil. Therefore, SAIC Motor's Operating Margin % for the quarter that ended in Mar. 2026 was 4.34%.
Warning Sign:
SAIC Motor Corp Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.8%.
The historical rank and industry rank for SAIC Motor's Operating Margin % or its related term are showing as below:
SHSE:600104'
s Operating Margin % Range Over the Past 10 Years
Min: 1.92 Med: 2.59 Max: 3.44
Current: 2.65
SHSE:600104's Operating Margin % is ranked worse than 68.41% of 1320
companies
in the Vehicles & Parts industry
Industry Median: 4.905
vs SHSE:600104: 2.65
SAIC Motor's 5-Year Average Operating Margin % Growth Rate was -5.80% per year.
SAIC Motor's Operating Income for the
three
months ended in Mar. 2026 was ¥6,090 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ¥17,391 Mil.
SAIC Motor (SHSE:600104) 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.
SAIC Motor Operating Margin % Related Terms
SAIC Motor Operating Margin % Historical Data
* Premium members only.
The historical data trend for SAIC Motor'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.
SHSE:600104 vs TSLA, GM, F: Operating Margin % Comparison
For the Auto Manufacturers subindustry, SAIC Motor'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.
SAIC Motor Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SAIC Motor's Operating Margin % distribution charts can be found below:
* The bar in red indicates where SAIC Motor'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.
SAIC Motor'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.
SAIC Motor (SHSE:600104) has a Operating Margin % of 4.34% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on SAIC Motor and its competitors. This is 68% above median its historical median of 2.59. Over the past decade, SAIC Motor's Operating Margin % has ranged from 1.92 to 3.44. According to the industry distribution chart, SAIC Motor ranks #903 out of 1320 companies in the Vehicles & Parts industry, placing it in the top 68.4%.
Is SAIC Motor's Operating Margin % too high?
SAIC Motor's current Operating Margin % of 4.34% is 68% above median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 3.44. The Vehicles & Parts industry median Operating Margin % is 4.91. SAIC Motor's value of 4.34% is 11.5% below this industry median. Based on the distribution chart, SAIC Motor ranks #903 out of 1320 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, SAIC Motor has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAIC Motor's Operating Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, SAIC Motor ranks #903 out of 1320 companies for Operating Margin %. This places SAIC Motor in the lower half of its industry. The industry median Operating Margin % is 4.91. SAIC Motor's value of 4.34% is 11.5% below this benchmark. Historically, SAIC Motor's own Operating Margin % has ranged from 1.92 to 3.44 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 4.91, SAIC Motor has consistently been below 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 Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.91, based on 1,320 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. SAIC Motor's current Operating Margin % of 4.34% is 11.5% below 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 SAIC Motor and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAIC Motor's current Operating Margin % is 4.34%, which is 68% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAIC Motor stock overvalued right now?
Based on GuruFocus' analysis, SAIC Motor (SHSE:600104) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.95, compared to a current price of ¥10.39 — trading 25.5% below its estimated fair value. The current Operating Margin % is 4.34%, which is 68% above median its 10-year median of 2.59 and 11.5% below the Vehicles & Parts industry median of 4.91. SAIC Motor's overall GF Score™ is 62/100 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 SAIC Motor (SHSE:600104), the current Operating Margin % is 4.34% 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 SAIC Motor (SHSE:600104) Overvalued in 2026?
Based on GuruFocus' analysis, SAIC Motor stock appears to be undervalued.
The current stock price of ¥10.39 is trading 25.5% below its estimated GF Value™ of ¥13.95.
GuruFocus considers SAIC Motor to be Modestly Undervalued.
Key valuation signals for SHSE:600104:
Operating Margin %: 4.34% (68% above median its 10-year median of 2.59)
GF Value™: ¥13.95 vs. price of ¥10.39 (25.5% below fair value)
Industry Position: 11.5% below the Vehicles & Parts median (#903 of 1320)
No single metric tells the full story. See the SHSE:600104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. The company operates its business through two segments: the Vehicle and Parts Segment and the Financial Services Segment. The Vehicle and Parts segment focuses on the manufacturing and sale of automobiles and components. The Financial Services segment is engaged in offering various financial solutions. It generates the majority of its revenue from the Vehicle and Parts Segment.
62GF Score
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