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Sincere NavigationTPE:2605 +4.98%84 Operating Margin % is 37.48% as of Dec. 2025, which is 99% above its 10-year median of 18.80. GuruFocus rates TPE:2605 with a GF Score™ of 84/100 and a GF Value™ of NT$28.06 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,002 Transportation companies, Sincere Navigation ranks better than 77.54% on this metric.
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.
Sincere Navigation Operating Margin % Related Terms
Sincere Navigation Operating Margin % Historical Data
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The historical data trend for Sincere Navigation'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.
For the Marine Shipping subindustry, Sincere Navigation'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.
Sincere Navigation Operating Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Sincere Navigation's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Sincere Navigation'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.
Sincere Navigation'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.
Sincere Navigation (TPE:2605) has a Operating Margin % of 37.48% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Sincere Navigation and its competitors. This is 99% above median its historical median of 18.80. Over the past decade, Sincere Navigation's Operating Margin % has ranged from 8.36 to 24.78. According to the industry distribution chart, Sincere Navigation ranks #225 out of 1002 companies in the Transportation industry, placing it in the top 22.5%.
Is Sincere Navigation's Operating Margin % too high?
Sincere Navigation's current Operating Margin % of 37.48% is 99% above median its 10-year median of 18.80. Over the past 10 years, this metric has ranged from a low of 8.36 to a high of 24.78. The Transportation industry median Operating Margin % is 7.29. Sincere Navigation's value of 37.48% is 414.1% above this industry median. Based on the distribution chart, Sincere Navigation ranks #225 out of 1002 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Sincere Navigation has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Navigation's Operating Margin % compare to competitors?
According to the Transportation industry distribution chart, Sincere Navigation ranks #225 out of 1002 companies for Operating Margin %. This places Sincere Navigation in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.29. Sincere Navigation's value of 37.48% is 414.1% above this benchmark. Historically, Sincere Navigation's own Operating Margin % has ranged from 8.36 to 24.78 over the past decade. While the company's 10-year median is 18.80 vs. the industry median of 7.29, Sincere Navigation 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.29, based on 1,002 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. Sincere Navigation's current Operating Margin % of 37.48% is 414.1% 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 Sincere Navigation and its competitors. For the Transportation industry, the median Operating Margin % is 7.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sincere Navigation's current Operating Margin % is 37.48%, which is 99% above median its own 10-year median of 18.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Navigation stock overvalued right now?
Based on GuruFocus' analysis, Sincere Navigation (TPE:2605) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.06, compared to a current price of NT$31.65 — trading 12.8% above its estimated fair value. The current Operating Margin % is 37.48%, which is 99% above median its 10-year median of 18.80 and 414.1% above the Transportation industry median of 7.29. Sincere Navigation's overall GF Score™ is 84/100 with 7 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 Sincere Navigation (TPE:2605), the current Operating Margin % is 37.48% 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 Sincere Navigation (TPE:2605) Overvalued in 2026?
Based on GuruFocus' analysis, Sincere Navigation stock appears to be overvalued.
The current stock price of NT$31.65 is trading 12.8% above its estimated GF Value™ of NT$28.06.
GuruFocus considers Sincere Navigation to be Modestly Overvalued.
Key valuation signals for TPE:2605:
Operating Margin %: 37.48% (99% above median its 10-year median of 18.80)
GF Value™: NT$28.06 vs. price of NT$31.65 (12.8% above fair value)
Industry Position: 414.1% above the Transportation median (#225 of 1002)
No single metric tells the full story. See the TPE:2605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sincere Navigation Corp is a bulk shipping transportation company in Taiwan. The company's main business line is to provide an integrated shipping solution. It provides a consistent, high-quality transportation service to customers around the world in key industries such as coal and iron ore mining, steel, energy, and paper. It provides tug and barge services. Its segment includes the Bulk carrier and Oil tanker segments. It derives the majority of the revenue from the Bulk carrier segment.
84GF Score
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