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Elite Material CoTPE:2383 -6.67%74 Operating Margin % is 21.58% as of Mar. 2026, which is 23% above its 10-year median of 17.49. GuruFocus rates TPE:2383 with a GF Score™ of 74/100 and a GF Value™ of NT$1,410.83 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,475 Hardware companies, Elite Material Co ranks better than 92.69% on this metric.
Elite Material Co (TPE:2383) 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.
Elite Material Co Operating Margin % Related Terms
Elite Material Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for Elite Material 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.
TPE:2383 vs APH, GLW, TEL: Operating Margin % Comparison
For the Electronic Components subindustry, Elite Material 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.
Elite Material Co Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Elite Material Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Elite Material 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.
Elite Material 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.
Elite Material Co (TPE:2383) has a Operating Margin % of 21.58% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Elite Material Co and its competitors. This is 23% above median its historical median of 17.49. Over the past decade, Elite Material Co's Operating Margin % has ranged from 12.05 to 20.55. According to the industry distribution chart, Elite Material Co ranks #181 out of 2475 companies in the Hardware industry, placing it in the top 7.3%.
Is Elite Material Co's Operating Margin % too high?
Elite Material Co's current Operating Margin % of 21.58% is 23% above median its 10-year median of 17.49. Over the past 10 years, this metric has ranged from a low of 12.05 to a high of 20.55. The Hardware industry median Operating Margin % is 3.84. Elite Material Co's value of 21.58% is 462% above this industry median. Based on the distribution chart, Elite Material Co ranks #181 out of 2475 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Elite Material Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's Operating Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Elite Material Co ranks #181 out of 2475 companies for Operating Margin %. This places Elite Material Co in the top 7% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.84. Elite Material Co's value of 21.58% is 462% above this benchmark. Historically, Elite Material Co's own Operating Margin % has ranged from 12.05 to 20.55 over the past decade. While the company's 10-year median is 17.49 vs. the industry median of 3.84, Elite Material 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 3.84, based on 2,475 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. Elite Material Co's current Operating Margin % of 21.58% is 462% 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 Elite Material Co and its competitors. For the Hardware industry, the median Operating Margin % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Material Co's current Operating Margin % is 21.58%, which is 23% above median its own 10-year median of 17.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,410.83, compared to a current price of NT$4,755.00 — trading 237% above its estimated fair value. The current Operating Margin % is 21.58%, which is 23% above median its 10-year median of 17.49 and 462% above the Hardware industry median of 3.84. Elite Material Co's overall GF Score™ is 74/100 with 2 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 Elite Material Co (TPE:2383), the current Operating Margin % is 21.58% 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 Elite Material Co (TPE:2383) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued.
The current stock price of NT$4,755.00 is trading 237% above its estimated GF Value™ of NT$1,410.83.
GuruFocus considers Elite Material Co to be Significantly Overvalued.
Key valuation signals for TPE:2383:
Operating Margin %: 21.58% (23% above median its 10-year median of 17.49)
GF Value™: NT$1,410.83 vs. price of NT$4,755.00 (237% above fair value)
Industry Position: 462% above the Hardware median (#181 of 2475)
No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
74GF 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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