Hangcha Group CoSHSE:603298 +5.19%92 Operating Margin % is 10.48% as of Mar. 2026, which is 29% above its 10-year median of 8.13. GuruFocus rates SHSE:603298 with a GF Score™ of 92/100 and a GF Value™ of ¥22.35 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 209 Farm & Heavy Construction Machinery companies, Hangcha Group Co ranks better than 78.47% on this metric.
Hangcha Group Co Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Hangcha Group Co's Operating Margin % or its related term are showing as below:
SHSE:603298'
s Operating Margin % Range Over the Past 10 Years
Min: 6.34 Med: 8.13 Max: 12.78
Current: 12.57
SHSE:603298's Operating Margin % is ranked better than 78.47% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 6.91
vs SHSE:603298: 12.57
Hangcha Group Co's 5-Year Average Operating Margin % Growth Rate was 16.00% per year.
Hangcha Group Co (SHSE:603298) 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.
Hangcha Group Co Operating Margin % Related Terms
Hangcha Group Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Hangcha Group 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.
SHSE:603298 vs CAT, DE, PCAR: Operating Margin % Comparison
For the Farm & Heavy Construction Machinery subindustry, Hangcha Group 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.
Hangcha Group Co Operating Margin % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Hangcha Group Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Hangcha Group 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.
Hangcha Group 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.
Hangcha Group Co (SHSE:603298) has a Operating Margin % of 10.48% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Hangcha Group Co and its competitors. This is 29% above median its historical median of 8.13. Over the past decade, Hangcha Group Co's Operating Margin % has ranged from 6.34 to 12.78. According to the industry distribution chart, Hangcha Group Co ranks #45 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 21.5%.
Is Hangcha Group Co's Operating Margin % too high?
Hangcha Group Co's current Operating Margin % of 10.48% is 29% above median its 10-year median of 8.13. Over the past 10 years, this metric has ranged from a low of 6.34 to a high of 12.78. The Farm & Heavy Construction Machinery industry median Operating Margin % is 6.91. Hangcha Group Co's value of 10.48% is 51.7% above this industry median. Based on the distribution chart, Hangcha Group Co ranks #45 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Hangcha Group Co has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hangcha Group Co's Operating Margin % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Hangcha Group Co ranks #45 out of 209 companies for Operating Margin %. This places Hangcha Group Co in the top 22% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.91. Hangcha Group Co's value of 10.48% is 51.7% above this benchmark. Historically, Hangcha Group Co's own Operating Margin % has ranged from 6.34 to 12.78 over the past decade. While the company's 10-year median is 8.13 vs. the industry median of 6.91, Hangcha Group 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 Farm & Heavy Construction Machinery company?
The median Operating Margin % among Farm & Heavy Construction Machinery companies is 6.91, based on 209 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. Hangcha Group Co's current Operating Margin % of 10.48% is 51.7% 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 Hangcha Group Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Operating Margin % is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangcha Group Co's current Operating Margin % is 10.48%, which is 29% above median its own 10-year median of 8.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangcha Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hangcha Group Co (SHSE:603298) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥22.35, compared to a current price of ¥26.37 — trading 18% above its estimated fair value. The current Operating Margin % is 10.48%, which is 29% above median its 10-year median of 8.13 and 51.7% above the Farm & Heavy Construction Machinery industry median of 6.91. Hangcha Group Co's overall GF Score™ is 92/100 with 2 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 Hangcha Group Co (SHSE:603298), the current Operating Margin % is 10.48% 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 Hangcha Group Co (SHSE:603298) Overvalued in 2026?
Based on GuruFocus' analysis, Hangcha Group Co stock appears to be overvalued.
The current stock price of ¥26.37 is trading 18% above its estimated GF Value™ of ¥22.35.
GuruFocus considers Hangcha Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:603298:
Operating Margin %: 10.48% (29% above median its 10-year median of 8.13)
GF Value™: ¥22.35 vs. price of ¥26.37 (18% above fair value)
Industry Position: 51.7% above the Farm & Heavy Construction Machinery median (#45 of 209)
No single metric tells the full story. See the SHSE:603298 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangcha Group Co Ltd is engaged in manufacturing of forklift truck. Its products include IC forklift truck, Electric forklift truck, warehouse equipment, tow tractors, side loading forklifts, explosion proof forklifts, empty container handlers and among others.
92GF Score
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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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