TOPBI International Holdings (TPE:2929) Operating Margin %: -22.93% (As of Dec. 2025)


TPE:2929 TOPBI International Holdings Ltd TPE:2929
69 GF Score
Price NT$5.90
GF Value NT$7.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is TOPBI International Holdings Operating Margin %?

TOPBI International Holdings TPE:2929 +0.85% 69 Operating Margin % is -22.93% as of Dec. 2025. GuruFocus rates TPE:2929 with a GF Score™ of 69/100 and a GF Value™ of NT$7.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,035 Manufacturing - Apparel & Accessories companies, TOPBI International Holdings ranks worse than 85.8% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. TOPBI International Holdings's Operating Income for the three months ended in Dec. 2025 was NT$-128 Mil. TOPBI International Holdings's Revenue for the three months ended in Dec. 2025 was NT$558 Mil. Therefore, TOPBI International Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was -22.93%.

Good Sign:

TOPBI International Holdings Ltd operating margin is expanding. Margin expansion is usually a good sign.

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

TPE:2929' s Operating Margin % Range Over the Past 10 Years
Min: -86.56   Med: -0.24   Max: 21.68
Current: -9.76


TPE:2929's Operating Margin % is ranked worse than
85.8% of 1035 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.07 vs TPE:2929: -9.76

TOPBI International Holdings's 5-Year Average Operating Margin % Growth Rate was 54.60% per year.

TOPBI International Holdings's Operating Income for the three months ended in Dec. 2025 was NT$-128 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-171 Mil.


TOPBI International Holdings  (TPE:2929) 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.


TOPBI International Holdings Operating Margin % Related Terms


TOPBI International Holdings Operating Margin % Historical Data

* Premium members only.

The historical data trend for TOPBI International Holdings'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.

TOPBI International Holdings Operating Margin % Chart

TOPBI International Holdings 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 -24.78 -5.43 -0.17 -0.30 -9.76

TOPBI International Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 5.46 -1.49 -6.14 -3.90 -22.93

TPE:2929 vs RL, LEVI, VFC: Operating Margin % Comparison

For the Apparel Manufacturing subindustry, TOPBI International Holdings'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.


TOPBI International Holdings Operating Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TOPBI International Holdings's Operating Margin % distribution charts can be found below:

* The bar in red indicates where TOPBI International Holdings's Operating Margin % falls into.


TPE:2929
69GF Score
TOPBI International Holdings Ltd TPE:2929
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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TOPBI International Holdings 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.

TOPBI International Holdings'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 )
=-171.096 / 1753.536
=-9.76 %

TOPBI International Holdings's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=-127.973 / 558.072
=-22.93 %

* 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 -22.93% mean?
TOPBI International Holdings (TPE:2929) has a Operating Margin % of -22.93% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on TOPBI International Holdings and its competitors. According to the industry distribution chart, TOPBI International Holdings ranks #888 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 85.8%.
Is TOPBI International Holdings' Operating Margin % too high?
TOPBI International Holdings' current Operating Margin % is -22.93%. Based on the distribution chart, TOPBI International Holdings ranks #888 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, TOPBI International Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOPBI International Holdings' Operating Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TOPBI International Holdings ranks #888 out of 1035 companies for Operating Margin %. This places TOPBI International Holdings in the lower half of its industry. The industry median Operating Margin % is 4.07. 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.07, based on 1,035 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. 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 TOPBI International Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOPBI International Holdings's current Operating Margin % is -22.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOPBI International Holdings stock overvalued right now?
Based on GuruFocus' analysis, TOPBI International Holdings (TPE:2929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$7.80, compared to a current price of NT$5.90 — trading 24.4% below its estimated fair value. The current Operating Margin % is -22.93%. TOPBI International Holdings' overall GF Score™ is 69/100 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 TOPBI International Holdings (TPE:2929), the current Operating Margin % is -22.93% 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 TOPBI International Holdings (TPE:2929) Overvalued in 2026?

Based on GuruFocus' analysis, TOPBI International Holdings stock appears to be undervalued. The current stock price of NT$5.90 is trading 24.4% below its estimated GF Value™ of NT$7.80. GuruFocus considers TOPBI International Holdings to be Modestly Undervalued.

Key valuation signals for TPE:2929:

  • Operating Margin %: -22.93%
  • GF Value™: NT$7.80 vs. price of NT$5.90 (24.4% below fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the TPE:2929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOPBI International Holdings Business Description

Address No.97, Xinhu 1st Road, 2nd Floor, Neihu District, Taipei, TWN, 11494
TOPBI International Holdings Ltd is a children's clothing manufacturer. Its products, which it sells under the TOPBI (Amoy) brand, are designed for middle-class families with children under 16 years old. Nearly half of the company's sales are from items designed for the 1- to 3-year-old age group. TOPBI sells its products through both company-owned stores and third-party distributors. The company focuses on reaching customers in the developing market in China, and its roughly 1,500 stores are in more than a dozen Chinese provinces.
69GF Score

Get the complete analysis for TPE:2929

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

NT$5.90
Price
NT$7.80
GF Value