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President SecuritiesTPE:2855 -1.17%77 Operating Margin % is 53.73% as of Dec. 2025, which is 48% above its 10-year median of 36.30. GuruFocus rates TPE:2855 with a GF Score™ of 77/100 and a GF Value™ of NT$26.08 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 665 Capital Markets companies, President Securities ranks better than 75.49% on this metric.
President Securities Corp has recorded a loss in operating income at least once over the past 3 years.
President Securities (TPE:2855) 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.
President Securities Operating Margin % Related Terms
President Securities Operating Margin % Historical Data
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The historical data trend for President Securities'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:2855 vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, President Securities'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.
President Securities Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, President Securities's Operating Margin % distribution charts can be found below:
* The bar in red indicates where President Securities's Operating Margin % falls into.
President Securities 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.
President Securities'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.
President Securities (TPE:2855) has a Operating Margin % of 53.73% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on President Securities and its competitors. This is 48% above median its historical median of 36.30. According to the industry distribution chart, President Securities ranks #163 out of 665 companies in the Capital Markets industry, placing it in the top 24.5%.
Is President Securities' Operating Margin % too high?
President Securities' current Operating Margin % of 53.73% is 48% above median its 10-year median of 36.30. The Capital Markets industry median Operating Margin % is 7.60. President Securities' value of 53.73% is 607% above this industry median. Based on the distribution chart, President Securities ranks #163 out of 665 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, President Securities has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does President Securities' Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, President Securities ranks #163 out of 665 companies for Operating Margin %. This places President Securities in the top 25% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.60. President Securities' value of 53.73% is 607% above this benchmark. While the company's 10-year median is 36.30 vs. the industry median of 7.60, President Securities 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 Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.60, based on 665 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. President Securities's current Operating Margin % of 53.73% is 607% 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 President Securities and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Securities's current Operating Margin % is 53.73%, which is 48% above median its own 10-year median of 36.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Securities stock overvalued right now?
Based on GuruFocus' analysis, President Securities (TPE:2855) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.08, compared to a current price of NT$46.35 — trading 77.7% above its estimated fair value. The current Operating Margin % is 53.73%, which is 48% above median its 10-year median of 36.30 and 607% above the Capital Markets industry median of 7.60. President Securities' overall GF Score™ is 77/100 with 10 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 President Securities (TPE:2855), the current Operating Margin % is 53.73% 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 President Securities (TPE:2855) Overvalued in 2026?
Based on GuruFocus' analysis, President Securities stock appears to be overvalued.
The current stock price of NT$46.35 is trading 77.7% above its estimated GF Value™ of NT$26.08.
GuruFocus considers President Securities to be Significantly Overvalued.
Key valuation signals for TPE:2855:
Operating Margin %: 53.73% (48% above median its 10-year median of 36.30)
GF Value™: NT$26.08 vs. price of NT$46.35 (77.7% above fair value)
Industry Position: 607% above the Capital Markets median (#163 of 665)
No single metric tells the full story. See the TPE:2855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
President Securities Corp engaged in underwriting of securities, dealing or brokerage business of securities at the securities exchange markets and business premises, registration and transfer agency service for securities, margin loans and short sales business of securities, securities lending and borrowing business, futures introducing brokerage services, futures dealing, issuance of call (put) warrants, wealth management business, and trust business. Its operating segments include Brokerage, Proprietary Trading, Financial Instrument, and Reinvestment segments, with the Brokerage segment generating maximum revenue from consigned trading of the listed securities, margin trading, and short sale, assistance in futures trading, and other instruments trading, as approved by the regulations.
77GF 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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