Capital SecuritiesTPE:6005 +0.65%79 Operating Margin % is 60.80% as of Dec. 2025, which is 63% above its 10-year median of 37.40. GuruFocus rates TPE:6005 with a GF Score™ of 79/100 and a GF Value™ of NT$31.79 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 664 Capital Markets companies, Capital Securities ranks better than 78.92% on this metric.
Capital Securities Corp has recorded a loss in operating income at least once over the past 3 years.
Capital Securities (TPE:6005) 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.
Capital Securities Operating Margin % Related Terms
Capital Securities Operating Margin % Historical Data
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The historical data trend for Capital 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:6005 vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Capital 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.
Capital Securities Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Capital Securities'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.
Capital 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.
Capital Securities (TPE:6005) has a Operating Margin % of 60.80% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Capital Securities and its competitors. This is 63% above median its historical median of 37.40. Over the past decade, Capital Securities' Operating Margin % has ranged from 5.95 to 49.66. According to the industry distribution chart, Capital Securities ranks #140 out of 664 companies in the Capital Markets industry, placing it in the top 21.1%.
Is Capital Securities' Operating Margin % too high?
Capital Securities' current Operating Margin % of 60.80% is 63% above median its 10-year median of 37.40. Over the past 10 years, this metric has ranged from a low of 5.95 to a high of 49.66. The Capital Markets industry median Operating Margin % is 6.96. Capital Securities' value of 60.80% is 774.2% above this industry median. Based on the distribution chart, Capital Securities ranks #140 out of 664 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Securities has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Securities ranks #140 out of 664 companies for Operating Margin %. This places Capital Securities in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.96. Capital Securities' value of 60.80% is 774.2% above this benchmark. Historically, Capital Securities' own Operating Margin % has ranged from 5.95 to 49.66 over the past decade. While the company's 10-year median is 37.40 vs. the industry median of 6.96, Capital 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 6.96, based on 664 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. Capital Securities's current Operating Margin % of 60.80% is 774.2% 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 Capital Securities and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Securities's current Operating Margin % is 60.80%, which is 63% above median its own 10-year median of 37.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$31.79, compared to a current price of NT$38.80 — trading 22.1% above its estimated fair value. The current Operating Margin % is 60.80%, which is 63% above median its 10-year median of 37.40 and 774.2% above the Capital Markets industry median of 6.96. Capital Securities' overall GF Score™ is 79/100 with 8 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 Capital Securities (TPE:6005), the current Operating Margin % is 60.80% 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued.
The current stock price of NT$38.80 is trading 22.1% above its estimated GF Value™ of NT$31.79.
GuruFocus considers Capital Securities to be Modestly Overvalued.
Key valuation signals for TPE:6005:
Operating Margin %: 60.80% (63% above median its 10-year median of 37.40)
GF Value™: NT$31.79 vs. price of NT$38.80 (22.1% above fair value)
Industry Position: 774.2% above the Capital Markets median (#140 of 664)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
79GF Score
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