China SteelTPE:2002 +0.78%65 Operating Margin % is 0.51% as of Dec. 2025, which is 86% below its 10-year median of 3.76. GuruFocus rates TPE:2002 with a GF Score™ of 65/100 and a GF Value™ of NT$20.73 (Fairly Valued). The stock has 8 warning signs investors should review. Among 616 Steel companies, China Steel ranks worse than 77.92% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. China Steel's Operating Income for the
three
months ended in Dec. 2025 was NT$387 Mil. China Steel's Revenue for the
three
months ended in Dec. 2025 was NT$75,373 Mil. Therefore, China Steel's Operating Margin % for the quarter that ended in Dec. 2025 was 0.51%.
The historical rank and industry rank for China Steel's Operating Margin % or its related term are showing as below:
TPE:2002'
s Operating Margin % Range Over the Past 10 Years
Min: -1.22 Med: 3.76 Max: 17.06
Current: -1.22
TPE:2002's Operating Margin % is ranked worse than 77.92% of 616
companies
in the Steel industry
Industry Median: 3
vs TPE:2002: -1.22
China Steel's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
China Steel's Operating Income for the
three
months ended in Dec. 2025 was NT$387 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-3,877 Mil.
Warning Sign:
China Steel Corp has recorded a loss in operating income at least once over the past 3 years.
China Steel (TPE:2002) 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.
China Steel Operating Margin % Related Terms
China Steel Operating Margin % Historical Data
* Premium members only.
The historical data trend for China Steel'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:2002 vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, China Steel'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.
China Steel Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, China Steel's Operating Margin % distribution charts can be found below:
* The bar in red indicates where China Steel'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.
China Steel'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.
China Steel (TPE:2002) has a Operating Margin % of 0.51% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on China Steel and its competitors. This is 86% below median its historical median of 3.76. According to the industry distribution chart, China Steel ranks #480 out of 616 companies in the Steel industry, placing it in the top 77.9%.
Is China Steel's Operating Margin % too high?
China Steel's current Operating Margin % of 0.51% is 86% below median its 10-year median of 3.76. The Steel industry median Operating Margin % is 3.00. China Steel's value of 0.51% is 83% below this industry median. Based on the distribution chart, China Steel ranks #480 out of 616 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, China Steel has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Steel's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, China Steel ranks #480 out of 616 companies for Operating Margin %. This places China Steel in the lower half of its industry. The industry median Operating Margin % is 3.00. China Steel's value of 0.51% is 83% below this benchmark. While the company's 10-year median is 3.76 vs. the industry median of 3.00, China Steel 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 a Steel company?
The median Operating Margin % among Steel companies is 3.00, based on 616 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. China Steel's current Operating Margin % of 0.51% is 83% 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 China Steel and its competitors. For the Steel industry, the median Operating Margin % is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Steel's current Operating Margin % is 0.51%, which is 86% below median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Steel stock overvalued right now?
Based on GuruFocus' analysis, China Steel (TPE:2002) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.73, compared to a current price of NT$19.35 — trading 6.7% below its estimated fair value. The current Operating Margin % is 0.51%, which is 86% below median its 10-year median of 3.76 and 83% below the Steel industry median of 3.00. China Steel's overall GF Score™ is 65/100 with 8 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 China Steel (TPE:2002), the current Operating Margin % is 0.51% 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 China Steel (TPE:2002) Overvalued in 2026?
Based on GuruFocus' analysis, China Steel stock appears to be undervalued.
The current stock price of NT$19.35 is trading 6.7% below its estimated GF Value™ of NT$20.73.
GuruFocus considers China Steel to be Fairly Valued.
Key valuation signals for TPE:2002:
Operating Margin %: 0.51% (86% below median its 10-year median of 3.76)
GF Value™: NT$20.73 vs. price of NT$19.35 (6.7% below fair value)
Industry Position: 83% below the Steel median (#480 of 616)
No single metric tells the full story. See the TPE:2002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Steel Corp is a steelmaker in Taiwan. It manufactures and sells steel products and engages in mechanical, communications, and electrical engineering. The company's product portfolio includes plates, bars, wire rods, hot and cold rolled coils, electro-galvanized coils, electrical steel coils, and hot-dip galvanized coils. Along with its subsidiaries, the company operates in the following reportable segments: Steel Department and Non-Steel Department. A majority of its revenue is generated from the Steel department segment, which manufactures and sells steel products. Geographically, the company derives maximum revenue from Taiwan, followed by Vietnam, Malaysia, India, China, and other regions.
65GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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