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Asia CementTPE:1102 -2.01%83 Operating Margin % is 9.11% as of Dec. 2025, which is 21% below its 10-year median of 11.49. GuruFocus rates TPE:1102 with a GF Score™ of 83/100 and a GF Value™ of NT$35.73 (Fairly Valued). The stock has 6 warning signs investors should review. Among 403 Building Materials companies, Asia Cement ranks better than 66.75% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Asia Cement's Operating Income for the
three
months ended in Dec. 2025 was NT$1,630 Mil. Asia Cement's Revenue for the
three
months ended in Dec. 2025 was NT$17,890 Mil. Therefore, Asia Cement's Operating Margin % for the quarter that ended in Dec. 2025 was 9.11%.
Warning Sign:
Asia Cement Corp operating margin has been in a 5-year decline. The average rate of decline per year is -16%.
The historical rank and industry rank for Asia Cement's Operating Margin % or its related term are showing as below:
TPE:1102'
s Operating Margin % Range Over the Past 10 Years
Min: 8.94 Med: 11.49 Max: 25.84
Current: 11.51
TPE:1102's Operating Margin % is ranked better than 66.75% of 403
companies
in the Building Materials industry
Industry Median: 7.62
vs TPE:1102: 11.51
Asia Cement's 5-Year Average Operating Margin % Growth Rate was -16.00% per year.
Asia Cement's Operating Income for the
three
months ended in Dec. 2025 was NT$1,630 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$8,175 Mil.
Asia Cement (TPE:1102) 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.
Asia Cement Operating Margin % Related Terms
Asia Cement Operating Margin % Historical Data
* Premium members only.
The historical data trend for Asia Cement'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.
TPE:1102 vs CRH, VMC, MLM: Operating Margin % Comparison
For the Building Materials subindustry, Asia Cement'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.
Asia Cement Operating Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Asia Cement's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Asia Cement'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.
Asia Cement'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.
Asia Cement (TPE:1102) has a Operating Margin % of 9.11% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Asia Cement and its competitors. This is 21% below median its historical median of 11.49. Over the past decade, Asia Cement's Operating Margin % has ranged from 8.94 to 25.84. According to the industry distribution chart, Asia Cement ranks #134 out of 403 companies in the Building Materials industry, placing it in the top 33.3%.
Is Asia Cement's Operating Margin % too high?
Asia Cement's current Operating Margin % of 9.11% is 21% below median its 10-year median of 11.49. Over the past 10 years, this metric has ranged from a low of 8.94 to a high of 25.84. The Building Materials industry median Operating Margin % is 7.62. Asia Cement's value of 9.11% is 19.6% above this industry median. Based on the distribution chart, Asia Cement ranks #134 out of 403 companies in the Building Materials industry, which is above the industry midpoint. Overall, Asia Cement has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Cement's Operating Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Asia Cement ranks #134 out of 403 companies for Operating Margin %. This puts Asia Cement in the upper half of its industry. The industry median Operating Margin % is 7.62. Asia Cement's value of 9.11% is 19.6% above this benchmark. Historically, Asia Cement's own Operating Margin % has ranged from 8.94 to 25.84 over the past decade. While the company's 10-year median is 11.49 vs. the industry median of 7.62, Asia Cement 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 Building Materials company?
The median Operating Margin % among Building Materials companies is 7.62, based on 403 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. Asia Cement's current Operating Margin % of 9.11% is 19.6% 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 Asia Cement and its competitors. For the Building Materials industry, the median Operating Margin % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Cement's current Operating Margin % is 9.11%, which is 21% below median its own 10-year median of 11.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Cement stock overvalued right now?
Based on GuruFocus' analysis, Asia Cement (TPE:1102) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.73, compared to a current price of NT$34.20 — trading 4.3% below its estimated fair value. The current Operating Margin % is 9.11%, which is 21% below median its 10-year median of 11.49 and 19.6% above the Building Materials industry median of 7.62. Asia Cement's overall GF Score™ is 83/100 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 Asia Cement (TPE:1102), the current Operating Margin % is 9.11% as of Dec. 2025. 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 Asia Cement (TPE:1102) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Cement stock appears to be undervalued.
The current stock price of NT$34.20 is trading 4.3% below its estimated GF Value™ of NT$35.73.
GuruFocus considers Asia Cement to be Fairly Valued.
Key valuation signals for TPE:1102:
Operating Margin %: 9.11% (21% below median its 10-year median of 11.49)
GF Value™: NT$35.73 vs. price of NT$34.20 (4.3% below fair value)
Industry Position: 19.6% above the Building Materials median (#134 of 403)
No single metric tells the full story. See the TPE:1102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries, and engages in leasing activities. The company is also required to undertake reforestation activities in designated areas. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, and plaster among others. Its reportable segments are as follows: Cement which derives key revenue, Electric Power, Investment, Engineering, Transportation, Stainless Steel, and Leasing. The majority of Its revenue comes from Taiwan and China.
83GF Score
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