Good Will Instrument CoTPE:2423 75 Operating Margin % is 17.92% as of Dec. 2025, which is 29% above its 10-year median of 13.87. GuruFocus rates TPE:2423 with a GF Score™ of 75/100 and a GF Value™ of NT$41.45 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,471 Hardware companies, Good Will Instrument Co ranks better than 90.21% on this metric.
Good Will Instrument Co (TPE:2423) 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.
Good Will Instrument Co Operating Margin % Related Terms
Good Will Instrument Co Operating Margin % Historical Data
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The historical data trend for Good Will Instrument 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:2423 vs COHR, KEYS, GRMN: Operating Margin % Comparison
For the Scientific & Technical Instruments subindustry, Good Will Instrument 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.
Good Will Instrument Co Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Good Will Instrument Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Good Will Instrument Co's Operating Margin % falls into.
Good Will Instrument Co Operating Margin % Calculation
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.
Good Will Instrument 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.
Good Will Instrument Co (TPE:2423) has a Operating Margin % of 17.92% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Good Will Instrument Co and its competitors. This is 29% above median its historical median of 13.87. Over the past decade, Good Will Instrument Co's Operating Margin % has ranged from 10.47 to 18.06. According to the industry distribution chart, Good Will Instrument Co ranks #242 out of 2471 companies in the Hardware industry, placing it in the top 9.8%.
Is Good Will Instrument Co's Operating Margin % too high?
Good Will Instrument Co's current Operating Margin % of 17.92% is 29% above median its 10-year median of 13.87. Over the past 10 years, this metric has ranged from a low of 10.47 to a high of 18.06. The Hardware industry median Operating Margin % is 3.80. Good Will Instrument Co's value of 17.92% is 371.6% above this industry median. Based on the distribution chart, Good Will Instrument Co ranks #242 out of 2471 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Good Will Instrument Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's Operating Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #242 out of 2471 companies for Operating Margin %. This places Good Will Instrument Co in the top 10% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.80. Good Will Instrument Co's value of 17.92% is 371.6% above this benchmark. Historically, Good Will Instrument Co's own Operating Margin % has ranged from 10.47 to 18.06 over the past decade. While the company's 10-year median is 13.87 vs. the industry median of 3.80, Good Will Instrument 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 3.80, based on 2,471 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. Good Will Instrument Co's current Operating Margin % of 17.92% is 371.6% 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 Good Will Instrument Co and its competitors. For the Hardware industry, the median Operating Margin % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Will Instrument Co's current Operating Margin % is 17.92%, which is 29% above median its own 10-year median of 13.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.45, compared to a current price of NT$78.20 — trading 88.7% above its estimated fair value. The current Operating Margin % is 17.92%, which is 29% above median its 10-year median of 13.87 and 371.6% above the Hardware industry median of 3.80. Good Will Instrument Co's overall GF Score™ is 75/100 with 5 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 Good Will Instrument Co (TPE:2423), the current Operating Margin % is 17.92% 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?
Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued.
The current stock price of NT$78.20 is trading 88.7% above its estimated GF Value™ of NT$41.45.
GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.
Key valuation signals for TPE:2423:
Operating Margin %: 17.92% (29% above median its 10-year median of 13.87)
GF Value™: NT$41.45 vs. price of NT$78.20 (88.7% above fair value)
Industry Position: 371.6% above the Hardware median (#242 of 2471)
No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
75GF 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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