Tze Shin International Co (TPE:2611) Operating Margin %: 9.97% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2611 Tze Shin International Co Ltd TPE:2611
66 GF Score
Price NT$13.40
GF Value NT$18.37
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Tze Shin International Co Operating Margin %?

Tze Shin International Co TPE:2611 -1.83% 66 Operating Margin % is 9.97% as of Mar. 2026. GuruFocus rates TPE:2611 with a GF Score™ of 66/100 and a GF Value™ of NT$18.37 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,003 Transportation companies, Tze Shin International Co ranks worse than 78.96% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tze Shin International Co's Operating Income for the three months ended in Mar. 2026 was NT$35.2 Mil. Tze Shin International Co's Revenue for the three months ended in Mar. 2026 was NT$353.4 Mil. Therefore, Tze Shin International Co's Operating Margin % for the quarter that ended in Mar. 2026 was 9.97%.

The historical rank and industry rank for Tze Shin International Co's Operating Margin % or its related term are showing as below:

TPE:2611' s Operating Margin % Range Over the Past 10 Years
Min: -21.52   Med: -1.81   Max: 1.76
Current: 1.7


TPE:2611's Operating Margin % is ranked worse than
78.96% of 1003 companies
in the Transportation industry
Industry Median: 7.26 vs TPE:2611: 1.70

Tze Shin International Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Tze Shin International Co's Operating Income for the three months ended in Mar. 2026 was NT$35.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$38.6 Mil.

Warning Sign:

Tze Shin International Co Ltd had lost money in 50% of the time over the past 12quarters.


Tze Shin International Co  (TPE:2611) 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 Nokia’s 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.


Tze Shin International Co Operating Margin % Related Terms


Tze Shin International Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Tze Shin International 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.

Tze Shin International Co Operating Margin % Chart

Tze Shin International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.03 -1.75 -7.60 -2.54 1.70

Tze Shin International Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.79 3.20 -7.58 5.53 9.97

Tze Shin International Co Operating Margin % Competitor Comparison

For the Marine Shipping subindustry, Tze Shin International 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.


Tze Shin International Co Operating Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Tze Shin International Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Tze Shin International Co's Operating Margin % falls into.


TPE:2611
66GF Score
Tze Shin International Co Ltd TPE:2611
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tze Shin International 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.

Tze Shin International Co's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=11.436 / 672.112
=1.70 %

Tze Shin International Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=35.228 / 353.426
=9.97 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 9.97% mean?
Tze Shin International Co (TPE:2611) has a Operating Margin % of 9.97% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Tze Shin International Co and its competitors. According to the industry distribution chart, Tze Shin International Co ranks #792 out of 1003 companies in the Transportation industry, placing it in the top 79%.
Is Tze Shin International Co's Operating Margin % too high?
Tze Shin International Co's current Operating Margin % is 9.97%. The Transportation industry median Operating Margin % is 7.26. Tze Shin International Co's value of 9.97% is 37.3% above this industry median. Based on the distribution chart, Tze Shin International Co ranks #792 out of 1003 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Tze Shin International Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tze Shin International Co's Operating Margin % compare to competitors?
According to the Transportation industry distribution chart, Tze Shin International Co ranks #792 out of 1003 companies for Operating Margin %. This places Tze Shin International Co in the lower half of its industry. The industry median Operating Margin % is 7.26. Tze Shin International Co's value of 9.97% is 37.3% 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 Transportation company?
The median Operating Margin % among Transportation companies is 7.26, based on 1,003 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. Tze Shin International Co's current Operating Margin % of 9.97% is 37.3% 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 Tze Shin International Co and its competitors. For the Transportation industry, the median Operating Margin % is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tze Shin International Co's current Operating Margin % is 9.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tze Shin International Co stock overvalued right now?
Based on GuruFocus' analysis, Tze Shin International Co (TPE:2611) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.37, compared to a current price of NT$13.40 — trading 27.1% below its estimated fair value. The current Operating Margin % is 9.97% and 37.3% above the Transportation industry median of 7.26. Tze Shin International Co's overall GF Score™ is 66/100 with 9 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 Tze Shin International Co (TPE:2611), the current Operating Margin % is 9.97% 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 Tze Shin International Co (TPE:2611) Overvalued in 2026?

Based on GuruFocus' analysis, Tze Shin International Co stock appears to be undervalued. The current stock price of NT$13.40 is trading 27.1% below its estimated GF Value™ of NT$18.37. GuruFocus considers Tze Shin International Co to be Modestly Undervalued.

Key valuation signals for TPE:2611:

  • Operating Margin %: 9.97%
  • GF Value™: NT$18.37 vs. price of NT$13.40 (27.1% below fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 37.3% above the Transportation median (#792 of 1003)

No single metric tells the full story. See the TPE:2611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tze Shin International Co Business Description

Address Section 3, Civic Boulevard, 6th Floor, No. 206, Da\'an District, Taipei, TWN, 104
Tze Shin International Co Ltd operates in the shipping and ports industry. The Company offers long-distance container transshipment; Shipside transportation operations; container haulage; truck freight: transportation of chemicals, gasoline, and diesel tanks, lease of containers, racks, and equipment; and bulk goods; and entrust of construction companies to build commercial, industrial buildings, and public housing for sale and leasing. The company's revenue mainly comes from transportation services and the operation of international tourist hotels. The segments include: Hotel segment, Transportation segment, Construction segment and Other segment, of which Hotel segment derives maximum revenue.
66GF Score

Get the complete analysis for TPE:2611

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$13.40
Price
NT$18.37
GF Value