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Anhui Province Natural Gas Development Co (SHSE:603689) 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.
Anhui Province Natural Gas Development Co Operating Margin % Related Terms
Anhui Province Natural Gas Development Co Operating Margin % Historical Data
* 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.
Anhui Province Natural Gas Development Co Operating Margin % Chart
Anhui Province Natural Gas Development Co Annual Data
SHSE:603689 vs WMB, EPD, KMI: Operating Margin % Comparison
For the Oil & Gas Midstream subindustry, Anhui Province Natural Gas Development 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.
Anhui Province Natural Gas Development Co Operating Margin % vs Oil & Gas Industry
Anhui Province Natural Gas Development Co Operating Margin % Calculation
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.
* 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.
Anhui Province Natural Gas Development Co (SHSE:603689) has a Operating Margin % of 11.76% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Anhui Province Natural Gas Development Co and its competitors. This is 77% above median its historical median of 6.66. Over the past decade, Anhui Province Natural Gas Development Co's Operating Margin % has ranged from 5.65 to 9.24. According to the industry distribution chart, Anhui Province Natural Gas Development Co ranks #392 out of 918 companies in the Oil & Gas industry, placing it in the top 42.7%.
Is Anhui Province Natural Gas Development Co's Operating Margin % too high?
Anhui Province Natural Gas Development Co's current Operating Margin % of 11.76% is 77% above median its 10-year median of 6.66. Over the past 10 years, this metric has ranged from a low of 5.65 to a high of 9.24. The Oil & Gas industry median Operating Margin % is 7.11. Anhui Province Natural Gas Development Co's value of 11.76% is 65.4% above this industry median. Based on the distribution chart, Anhui Province Natural Gas Development Co ranks #392 out of 918 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Anhui Province Natural Gas Development Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Anhui Province Natural Gas Development Co's Operating Margin % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Anhui Province Natural Gas Development Co ranks #392 out of 918 companies for Operating Margin %. This puts Anhui Province Natural Gas Development Co in the upper half of its industry. The industry median Operating Margin % is 7.11. Anhui Province Natural Gas Development Co's value of 11.76% is 65.4% above this benchmark. Historically, Anhui Province Natural Gas Development Co's own Operating Margin % has ranged from 5.65 to 9.24 over the past decade. While the company's 10-year median is 6.66 vs. the industry median of 7.11, Anhui Province Natural Gas Development 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 an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 7.11, based on 918 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. Anhui Province Natural Gas Development Co's current Operating Margin % of 11.76% is 65.4% 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 Anhui Province Natural Gas Development Co and its competitors. For the Oil & Gas industry, the median Operating Margin % is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anhui Province Natural Gas Development Co's current Operating Margin % is 11.76%, which is 77% above median its own 10-year median of 6.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anhui Province Natural Gas Development Co stock overvalued right now?
Based on GuruFocus' analysis, Anhui Province Natural Gas Development Co (SHSE:603689) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.28, compared to a current price of ¥7.55 — trading 3.7% above its estimated fair value. The current Operating Margin % is 11.76%, which is 77% above median its 10-year median of 6.66 and 65.4% above the Oil & Gas industry median of 7.11. Anhui Province Natural Gas Development Co's overall GF Score™ is 63/100 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 Anhui Province Natural Gas Development Co (SHSE:603689), the current Operating Margin % is 11.76% 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 Anhui Province Natural Gas Development Co (SHSE:603689) Overvalued in 2026?
Based on GuruFocus' analysis, Anhui Province Natural Gas Development Co stock appears to be overvalued.
The current stock price of ¥7.55 is trading 3.7% above its estimated GF Value™ of ¥7.28.
GuruFocus considers Anhui Province Natural Gas Development Co to be Fairly Valued.
Key valuation signals for SHSE:603689:
Operating Margin %: 11.76% (77% above median its 10-year median of 6.66)
GF Value™: ¥7.28 vs. price of ¥7.55 (3.7% above fair value)
Industry Position: 65.4% above the Oil & Gas median (#392 of 918)
No single metric tells the full story. See the SHSE:603689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anhui Province Natural Gas Development Co Business Description
Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.
63GF Score
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