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FSPG Hi-Tech CoSZSE:000973 +0.21%60 Operating Margin % is 14.32% as of Mar. 2026, which is 73% above its 10-year median of 8.28. GuruFocus rates SZSE:000973 with a GF Score™ of 60/100 and a GF Value™ of ¥7.06 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,583 Chemicals companies, FSPG Hi-Tech Co ranks better than 58.56% on this metric.
FSPG Hi-Tech Co (SZSE:000973) 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.
FSPG Hi-Tech Co Operating Margin % Related Terms
FSPG Hi-Tech Co Operating Margin % Historical Data
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The historical data trend for FSPG Hi-Tech 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.
For the Chemicals subindustry, FSPG Hi-Tech 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.
FSPG Hi-Tech Co Operating Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, FSPG Hi-Tech Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where FSPG Hi-Tech 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.
FSPG Hi-Tech 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.
FSPG Hi-Tech Co (SZSE:000973) has a Operating Margin % of 14.32% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on FSPG Hi-Tech Co and its competitors. This is 73% above median its historical median of 8.28. Over the past decade, FSPG Hi-Tech Co's Operating Margin % has ranged from 4.37 to 11.36. According to the industry distribution chart, FSPG Hi-Tech Co ranks #656 out of 1583 companies in the Chemicals industry, placing it in the top 41.4%.
Is FSPG Hi-Tech Co's Operating Margin % too high?
FSPG Hi-Tech Co's current Operating Margin % of 14.32% is 73% above median its 10-year median of 8.28. Over the past 10 years, this metric has ranged from a low of 4.37 to a high of 11.36. The Chemicals industry median Operating Margin % is 6.62. FSPG Hi-Tech Co's value of 14.32% is 116.3% above this industry median. Based on the distribution chart, FSPG Hi-Tech Co ranks #656 out of 1583 companies in the Chemicals industry, which is above the industry midpoint. Overall, FSPG Hi-Tech Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FSPG Hi-Tech Co's Operating Margin % compare to DOW?
According to the Chemicals industry distribution chart, FSPG Hi-Tech Co ranks #656 out of 1583 companies for Operating Margin %. This puts FSPG Hi-Tech Co in the upper half of its industry. The industry median Operating Margin % is 6.62. FSPG Hi-Tech Co's value of 14.32% is 116.3% above this benchmark. Historically, FSPG Hi-Tech Co's own Operating Margin % has ranged from 4.37 to 11.36 over the past decade. While the company's 10-year median is 8.28 vs. the industry median of 6.62, FSPG Hi-Tech 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 Chemicals company?
The median Operating Margin % among Chemicals companies is 6.62, based on 1,583 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. FSPG Hi-Tech Co's current Operating Margin % of 14.32% is 116.3% 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 FSPG Hi-Tech Co and its competitors. For the Chemicals industry, the median Operating Margin % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSPG Hi-Tech Co's current Operating Margin % is 14.32%, which is 73% above median its own 10-year median of 8.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSPG Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, FSPG Hi-Tech Co (SZSE:000973) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥14.43 — trading 104.4% above its estimated fair value. The current Operating Margin % is 14.32%, which is 73% above median its 10-year median of 8.28 and 116.3% above the Chemicals industry median of 6.62. FSPG Hi-Tech Co's overall GF Score™ is 60/100 with 10 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 FSPG Hi-Tech Co (SZSE:000973), the current Operating Margin % is 14.32% 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 FSPG Hi-Tech Co (SZSE:000973) Overvalued in 2026?
Based on GuruFocus' analysis, FSPG Hi-Tech Co stock appears to be overvalued.
The current stock price of ¥14.43 is trading 104.4% above its estimated GF Value™ of ¥7.06.
GuruFocus considers FSPG Hi-Tech Co to be Significantly Overvalued.
Key valuation signals for SZSE:000973:
Operating Margin %: 14.32% (73% above median its 10-year median of 8.28)
GF Value™: ¥7.06 vs. price of ¥14.43 (104.4% above fair value)
Industry Position: 116.3% above the Chemicals median (#656 of 1583)
No single metric tells the full story. See the SZSE:000973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSPG Hi-Tech Co Ltd is a China-based company mainly engaged in the research and development, production, and sale of new energy, new materials, energy-saving technologies, and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw, and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing materials, such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use.
60GF Score
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