Singapore AirlinesSINGF 78 Operating Margin % is 14.60% as of Mar. 2026, which is 89% above its 10-year median of 7.72. GuruFocus rates SINGF with a GF Score™ of 78/100 and a GF Value™ of $5.26 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,007 Transportation companies, Singapore Airlines ranks better than 64.15% on this metric.
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.
Singapore Airlines Operating Margin % Related Terms
Singapore Airlines Operating Margin % Historical Data
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The historical data trend for Singapore Airlines'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.
SINGF vs DAL, UAL, LUV: Operating Margin % Comparison
For the Airlines subindustry, Singapore Airlines'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.
Singapore Airlines Operating Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Singapore Airlines's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Singapore Airlines'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.
Singapore Airlines's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
Singapore Airlines (SINGF) has a Operating Margin % of 14.60% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Singapore Airlines and its competitors. This is 89% above median its historical median of 7.72. According to the industry distribution chart, Singapore Airlines ranks #361 out of 1007 companies in the Transportation industry, placing it in the top 35.8%.
Is Singapore Airlines' Operating Margin % too high?
Singapore Airlines' current Operating Margin % of 14.60% is 89% above median its 10-year median of 7.72. The Transportation industry median Operating Margin % is 7.37. Singapore Airlines' value of 14.60% is 98.1% above this industry median. Based on the distribution chart, Singapore Airlines ranks #361 out of 1007 companies in the Transportation industry, which is above the industry midpoint. Overall, Singapore Airlines has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Operating Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #361 out of 1007 companies for Operating Margin %. This puts Singapore Airlines in the upper half of its industry. The industry median Operating Margin % is 7.37. Singapore Airlines' value of 14.60% is 98.1% above this benchmark. While the company's 10-year median is 7.72 vs. the industry median of 7.37, Singapore Airlines 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.37, based on 1,007 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. Singapore Airlines's current Operating Margin % of 14.60% is 98.1% 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 Singapore Airlines and its competitors. For the Transportation industry, the median Operating Margin % is 7.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current Operating Margin % is 14.60%, which is 89% above median its own 10-year median of 7.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGF) is currently considered Fairly Valued. The stock's GF Value™ is $5.26, compared to a current price of $5.69 — trading 8.2% above its estimated fair value. The current Operating Margin % is 14.60%, which is 89% above median its 10-year median of 7.72 and 98.1% above the Transportation industry median of 7.37. Singapore Airlines' overall GF Score™ is 78/100 with 9 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 Singapore Airlines (SINGF), the current Operating Margin % is 14.60% 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 Singapore Airlines (SINGF) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued.
The current stock price of $5.69 is trading 8.2% above its estimated GF Value™ of $5.26.
GuruFocus considers Singapore Airlines to be Fairly Valued.
Key valuation signals for SINGF:
Operating Margin %: 14.60% (89% above median its 10-year median of 7.72)
GF Value™: $5.26 vs. price of $5.69 (8.2% above fair value)
Industry Position: 98.1% above the Transportation median (#361 of 1007)
No single metric tells the full story. See the SINGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
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