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Jiaxing ZMAX Optech CoSHSE:688307 +12.61%78 Operating Margin % is 9.34% as of Mar. 2026, which is 16% below its 10-year median of 11.08. GuruFocus rates SHSE:688307 with a GF Score™ of 78/100 and a GF Value™ of ¥41.64 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,476 Hardware companies, Jiaxing ZMAX Optech Co ranks better than 75.4% on this metric.
Jiaxing ZMAX Optech Co (SHSE:688307) 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.
Jiaxing ZMAX Optech Co Operating Margin % Related Terms
Jiaxing ZMAX Optech Co Operating Margin % Historical Data
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The historical data trend for Jiaxing ZMAX Optech 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:688307 vs APH, GLW: Operating Margin % Comparison
For the Electronic Components subindustry, Jiaxing ZMAX Optech 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.
Jiaxing ZMAX Optech Co Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Jiaxing ZMAX Optech Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Jiaxing ZMAX Optech Co's Operating Margin % falls into.
Jiaxing ZMAX Optech 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.
Jiaxing ZMAX Optech 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.
Jiaxing ZMAX Optech Co (SHSE:688307) has a Operating Margin % of 9.34% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Jiaxing ZMAX Optech Co and its competitors. This is 16% below median its historical median of 11.08. Over the past decade, Jiaxing ZMAX Optech Co's Operating Margin % has ranged from 6.55 to 12.00. According to the industry distribution chart, Jiaxing ZMAX Optech Co ranks #609 out of 2476 companies in the Hardware industry, placing it in the top 24.6%.
Is Jiaxing ZMAX Optech Co's Operating Margin % too high?
Jiaxing ZMAX Optech Co's current Operating Margin % of 9.34% is 16% below median its 10-year median of 11.08. Over the past 10 years, this metric has ranged from a low of 6.55 to a high of 12.00. The Hardware industry median Operating Margin % is 3.81. Jiaxing ZMAX Optech Co's value of 9.34% is 145.1% above this industry median. Based on the distribution chart, Jiaxing ZMAX Optech Co ranks #609 out of 2476 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Jiaxing ZMAX Optech Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jiaxing ZMAX Optech Co's Operating Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Jiaxing ZMAX Optech Co ranks #609 out of 2476 companies for Operating Margin %. This places Jiaxing ZMAX Optech Co in the top 25% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.81. Jiaxing ZMAX Optech Co's value of 9.34% is 145.1% above this benchmark. Historically, Jiaxing ZMAX Optech Co's own Operating Margin % has ranged from 6.55 to 12.00 over the past decade. While the company's 10-year median is 11.08 vs. the industry median of 3.81, Jiaxing ZMAX Optech 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.81, based on 2,476 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. Jiaxing ZMAX Optech Co's current Operating Margin % of 9.34% is 145.1% 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 Jiaxing ZMAX Optech Co and its competitors. For the Hardware industry, the median Operating Margin % is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiaxing ZMAX Optech Co's current Operating Margin % is 9.34%, which is 16% below median its own 10-year median of 11.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiaxing ZMAX Optech Co stock overvalued right now?
Based on GuruFocus' analysis, Jiaxing ZMAX Optech Co (SHSE:688307) is currently considered Fairly Valued. The stock's GF Value™ is ¥41.64, compared to a current price of ¥45.19 — trading 8.5% above its estimated fair value. The current Operating Margin % is 9.34%, which is 16% below median its 10-year median of 11.08 and 145.1% above the Hardware industry median of 3.81. Jiaxing ZMAX Optech Co's overall GF Score™ is 78/100 with 6 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 Jiaxing ZMAX Optech Co (SHSE:688307), the current Operating Margin % is 9.34% 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 Jiaxing ZMAX Optech Co (SHSE:688307) Overvalued in 2026?
Based on GuruFocus' analysis, Jiaxing ZMAX Optech Co stock appears to be overvalued.
The current stock price of ¥45.19 is trading 8.5% above its estimated GF Value™ of ¥41.64.
GuruFocus considers Jiaxing ZMAX Optech Co to be Fairly Valued.
Key valuation signals for SHSE:688307:
Operating Margin %: 9.34% (16% below median its 10-year median of 11.08)
GF Value™: ¥41.64 vs. price of ¥45.19 (8.5% above fair value)
Industry Position: 145.1% above the Hardware median (#609 of 2476)
No single metric tells the full story. See the SHSE:688307 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiaxing ZMAX Optech Co Ltd is a precision optical lens product and technology development service provider. It develops various 4K/8K ultra-high-definition optics for various fields such as smart IoT, smart driving, smart terminals, smart home, and machine vision.
78GF Score
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