Top Bright Holding CoTPE:8499 -2.24%82 Operating Margin % is 23.48% as of Dec. 2025, which is 23% below its 10-year median of 30.58. GuruFocus rates TPE:8499 with a GF Score™ of 82/100 and a GF Value™ of NT$219.83 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,472 Hardware companies, Top Bright Holding Co ranks better than 94.13% on this metric.
Top Bright Holding Co (TPE:8499) 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.
Top Bright Holding Co Operating Margin % Related Terms
Top Bright Holding Co Operating Margin % Historical Data
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The historical data trend for Top Bright Holding 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.
TPE:8499 vs APH, GLW, TEL: Operating Margin % Comparison
For the Electronic Components subindustry, Top Bright Holding 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.
Top Bright Holding Co Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Top Bright Holding Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Top Bright Holding Co's Operating Margin % falls into.
Top Bright Holding 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.
Top Bright Holding Co'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.
Top Bright Holding Co (TPE:8499) has a Operating Margin % of 23.48% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Top Bright Holding Co and its competitors. This is 23% below median its historical median of 30.58. Over the past decade, Top Bright Holding Co's Operating Margin % has ranged from 21.83 to 38.21. According to the industry distribution chart, Top Bright Holding Co ranks #145 out of 2472 companies in the Hardware industry, placing it in the top 5.9%.
Is Top Bright Holding Co's Operating Margin % too high?
Top Bright Holding Co's current Operating Margin % of 23.48% is 23% below median its 10-year median of 30.58. Over the past 10 years, this metric has ranged from a low of 21.83 to a high of 38.21. The Hardware industry median Operating Margin % is 3.80. Top Bright Holding Co's value of 23.48% is 517.9% above this industry median. Based on the distribution chart, Top Bright Holding Co ranks #145 out of 2472 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Top Bright Holding Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Top Bright Holding Co's Operating Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Top Bright Holding Co ranks #145 out of 2472 companies for Operating Margin %. This places Top Bright Holding Co in the top 6% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.80. Top Bright Holding Co's value of 23.48% is 517.9% above this benchmark. Historically, Top Bright Holding Co's own Operating Margin % has ranged from 21.83 to 38.21 over the past decade. While the company's 10-year median is 30.58 vs. the industry median of 3.80, Top Bright Holding Co 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.80, based on 2,472 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. Top Bright Holding Co's current Operating Margin % of 23.48% is 517.9% 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 Top Bright Holding Co and its competitors. For the Hardware industry, the median Operating Margin % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Bright Holding Co's current Operating Margin % is 23.48%, which is 23% below median its own 10-year median of 30.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Bright Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Top Bright Holding Co (TPE:8499) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$219.83, compared to a current price of NT$305.00 — trading 38.7% above its estimated fair value. The current Operating Margin % is 23.48%, which is 23% below median its 10-year median of 30.58 and 517.9% above the Hardware industry median of 3.80. Top Bright Holding Co's overall GF Score™ is 82/100 with 6 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 Top Bright Holding Co (TPE:8499), the current Operating Margin % is 23.48% 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 Top Bright Holding Co (TPE:8499) Overvalued in 2026?
Based on GuruFocus' analysis, Top Bright Holding Co stock appears to be overvalued.
The current stock price of NT$305.00 is trading 38.7% above its estimated GF Value™ of NT$219.83.
GuruFocus considers Top Bright Holding Co to be Significantly Overvalued.
Key valuation signals for TPE:8499:
Operating Margin %: 23.48% (23% below median its 10-year median of 30.58)
GF Value™: NT$219.83 vs. price of NT$305.00 (38.7% above fair value)
Industry Position: 517.9% above the Hardware median (#145 of 2472)
No single metric tells the full story. See the TPE:8499 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Bright Holding Co Ltd is a Taiwan-based company engaged in the research, manufacture, and sale of electronic weighing and electronic materials. The company operates through two segments namely Electronic Materials Department and The Scales Department. It generates maximum revenue from the Electronic Material segment. The company's products include Conductive tape, Conductive foam, Conductive film, Insulation Tape, Shock-absorbing sealing material, Thermal interface material, Smart Barcode Scale, Smart weighing instrument, Traceability scale, and others. Geographically, it derives a majority of its revenue from China and also has a presence in Asia, Europe, America, Africa, and Oceania.
82GF Score
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