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Leadtek Research (TPE:2465) 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.
Leadtek Research Operating Margin % Related Terms
Leadtek Research Operating Margin % Historical Data
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The historical data trend for Leadtek Research'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:2465 vs DELL, ANET, SNDK: Operating Margin % Comparison
For the Computer Hardware subindustry, Leadtek Research'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.
Leadtek Research Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Leadtek Research's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Leadtek Research'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.
Leadtek Research'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.
Leadtek Research (TPE:2465) has a Operating Margin % of 6.87% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Leadtek Research and its competitors. According to the industry distribution chart, Leadtek Research ranks #1154 out of 2474 companies in the Hardware industry, placing it in the top 46.6%.
Is Leadtek Research's Operating Margin % too high?
Leadtek Research's current Operating Margin % is 6.87%. The Hardware industry median Operating Margin % is 4.10. Leadtek Research's value of 6.87% is 67.6% above this industry median. Based on the distribution chart, Leadtek Research ranks #1154 out of 2474 companies in the Hardware industry, which is above the industry midpoint. Overall, Leadtek Research has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Leadtek Research's Operating Margin % compare to DELL and ANET?
According to the Hardware industry distribution chart, Leadtek Research ranks #1154 out of 2474 companies for Operating Margin %. This puts Leadtek Research in the upper half of its industry. The industry median Operating Margin % is 4.10. Leadtek Research's value of 6.87% is 67.6% above this benchmark. 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 4.10, based on 2,474 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. Leadtek Research's current Operating Margin % of 6.87% is 67.6% 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 Leadtek Research and its competitors. For the Hardware industry, the median Operating Margin % is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leadtek Research's current Operating Margin % is 6.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leadtek Research stock overvalued right now?
Based on GuruFocus' analysis, Leadtek Research (TPE:2465) is currently considered Fairly Valued. The stock's GF Value™ is NT$94.60, compared to a current price of NT$85.90 — trading 9.2% below its estimated fair value. The current Operating Margin % is 6.87% and 67.6% above the Hardware industry median of 4.10. Leadtek Research's overall GF Score™ is 67/100 with 3 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 Leadtek Research (TPE:2465), the current Operating Margin % is 6.87% as of Jun. 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 Leadtek Research (TPE:2465) Overvalued in 2026?
Based on GuruFocus' analysis, Leadtek Research stock appears to be undervalued.
The current stock price of NT$85.90 is trading 9.2% below its estimated GF Value™ of NT$94.60.
GuruFocus considers Leadtek Research to be Fairly Valued.
Key valuation signals for TPE:2465:
Operating Margin %: 6.87%
GF Value™: NT$94.60 vs. price of NT$85.90 (9.2% below fair value)
Industry Position: 67.6% above the Hardware median (#1154 of 2474)
No single metric tells the full story. See the TPE:2465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leadtek Research Inc is the design, manufacturing, and trading of communication devices, computers, communications, telecommunications, and peripheral equipment. Company has two reportable segments: the computer product department and the smart healthcare department. The products offered by the company include computer entertainment graphics cards, AI Inference devices, AI cloud supercomputing workstations, GPU-based AI workstations, servers, and professional graphics cards (WinFast/RTX). The company has expanded beyond computer hardware into smart medical healthcare, offering AI-driven diagnostic devices, wearable ECG monitors, and health management platforms and others. Geographically, company's regional market includes Mainland China, Taiwan, USA, Hong Kong, Korea and other countries.
67GF 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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