Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ningbo Water Meter (Group) CoSHSE:603700 -1.34%71 Operating Margin % is 5.87% as of Mar. 2026, which is 62% below its 10-year median of 15.51. GuruFocus rates SHSE:603700 with a GF Score™ of 71/100 and a GF Value™ of ¥14.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,036 Industrial Products companies, Ningbo Water Meter (Group) Co ranks better than 54.35% on this metric.
Ningbo Water Meter (Group) Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -22.2%.
The historical rank and industry rank for Ningbo Water Meter (Group) Co's Operating Margin % or its related term are showing as below:
SHSE:603700'
s Operating Margin % Range Over the Past 10 Years
Min: 6.15 Med: 15.51 Max: 19.85
Current: 7.36
SHSE:603700's Operating Margin % is ranked better than 54.35% of 3036
companies
in the Industrial Products industry
Industry Median: 6.495
vs SHSE:603700: 7.36
Ningbo Water Meter (Group) Co (SHSE:603700) 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.
Ningbo Water Meter (Group) Co Operating Margin % Related Terms
Ningbo Water Meter (Group) 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.
Ningbo Water Meter (Group) Co Operating Margin % Chart
SHSE:603700 vs VRT, BE: Operating Margin % Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (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.
Ningbo Water Meter (Group) Co Operating Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ningbo Water Meter (Group) Co's Operating Margin % falls into.
Ningbo Water Meter (Group) 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.
Ningbo Water Meter (Group) Co (SHSE:603700) has a Operating Margin % of 5.87% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ningbo Water Meter (Group) Co and its competitors. This is 62% below median its historical median of 15.51. Over the past decade, Ningbo Water Meter (Group) Co's Operating Margin % has ranged from 6.15 to 19.85. According to the industry distribution chart, Ningbo Water Meter (Group) Co ranks #1386 out of 3036 companies in the Industrial Products industry, placing it in the top 45.7%.
Is Ningbo Water Meter (Group) Co's Operating Margin % too high?
Ningbo Water Meter (Group) Co's current Operating Margin % of 5.87% is 62% below median its 10-year median of 15.51. Over the past 10 years, this metric has ranged from a low of 6.15 to a high of 19.85. The Industrial Products industry median Operating Margin % is 6.50. Ningbo Water Meter (Group) Co's value of 5.87% is 9.6% below this industry median. Based on the distribution chart, Ningbo Water Meter (Group) Co ranks #1386 out of 3036 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Ningbo Water Meter (Group) Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Water Meter (Group) Co's Operating Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Water Meter (Group) Co ranks #1386 out of 3036 companies for Operating Margin %. This puts Ningbo Water Meter (Group) Co in the upper half of its industry. The industry median Operating Margin % is 6.50. Ningbo Water Meter (Group) Co's value of 5.87% is 9.6% below this benchmark. Historically, Ningbo Water Meter (Group) Co's own Operating Margin % has ranged from 6.15 to 19.85 over the past decade. While the company's 10-year median is 15.51 vs. the industry median of 6.50, Ningbo Water Meter (Group) Co 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 an Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.50, based on 3,036 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. Ningbo Water Meter (Group) Co's current Operating Margin % of 5.87% is 9.6% 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 Ningbo Water Meter (Group) Co and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Water Meter (Group) Co's current Operating Margin % is 5.87%, which is 62% below median its own 10-year median of 15.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Water Meter (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co (SHSE:603700) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.24, compared to a current price of ¥11.06 — trading 22.3% below its estimated fair value. The current Operating Margin % is 5.87%, which is 62% below median its 10-year median of 15.51 and 9.6% below the Industrial Products industry median of 6.50. Ningbo Water Meter (Group) Co's overall GF Score™ is 71/100 with 3 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 Ningbo Water Meter (Group) Co (SHSE:603700), the current Operating Margin % is 5.87% 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 Ningbo Water Meter (Group) Co (SHSE:603700) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co stock appears to be undervalued.
The current stock price of ¥11.06 is trading 22.3% below its estimated GF Value™ of ¥14.24.
GuruFocus considers Ningbo Water Meter (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:603700:
Operating Margin %: 5.87% (62% below median its 10-year median of 15.51)
GF Value™: ¥14.24 vs. price of ¥11.06 (22.3% below fair value)
Industry Position: 9.6% below the Industrial Products median (#1386 of 3036)
No single metric tells the full story. See the SHSE:603700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.
71GF Score
Get the complete analysis for SHSE:603700
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603700 has been successfully added to your 
