China Television Co (TPE:9928) Operating Margin %: -15.39% (As of Dec. 2025)


TPE:9928 China Television Co TPE:9928
64 GF Score
Price NT$18.70
GF Value NT$15.65
Valuation Modestly Overvalued
! 6 Warning Signs
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What is China Television Co Operating Margin %?

China Television Co TPE:9928 64 Operating Margin % is -15.39% as of Dec. 2025. GuruFocus rates TPE:9928 with a GF Score™ of 64/100 and a GF Value™ of NT$15.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,011 Media - Diversified companies, China Television Co ranks worse than 81.01% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Television Co's Operating Income for the three months ended in Dec. 2025 was NT$-43.7 Mil. China Television Co's Revenue for the three months ended in Dec. 2025 was NT$284.0 Mil. Therefore, China Television Co's Operating Margin % for the quarter that ended in Dec. 2025 was -15.39%.

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

TPE:9928' s Operating Margin % Range Over the Past 10 Years
Min: -58.64   Med: -15.51   Max: -5.39
Current: -18.01


TPE:9928's Operating Margin % is ranked worse than
81.01% of 1011 companies
in the Media - Diversified industry
Industry Median: 2.42 vs TPE:9928: -18.01

China Television Co's 5-Year Average Operating Margin % Growth Rate was -1.00% per year.

China Television Co's Operating Income for the three months ended in Dec. 2025 was NT$-43.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-158.5 Mil.


China Television Co  (TPE:9928) 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.


China Television Co Operating Margin % Related Terms


China Television Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for China Television 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.

China Television Co Operating Margin % Chart

China Television 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 -12.19 -5.93 -5.39 -8.22 -18.01

China Television Co 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 -12.56 -19.54 -18.13 -20.06 -15.39

TPE:9928 vs NXST: Operating Margin % Comparison

For the Broadcasting subindustry, China Television 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.


China Television Co Operating Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Television Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where China Television Co's Operating Margin % falls into.


TPE:9928
64GF Score
China Television Co TPE:9928
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Television 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.

China Television 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 )
=-158.506 / 879.893
=-18.01 %

China Television Co'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 )
=-43.706 / 283.971
=-15.39 %

* 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 -15.39% mean?
China Television Co (TPE:9928) has a Operating Margin % of -15.39% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on China Television Co and its competitors. According to the industry distribution chart, China Television Co ranks #819 out of 1011 companies in the Media - Diversified industry, placing it in the top 81%.
Is China Television Co's Operating Margin % too high?
China Television Co's current Operating Margin % is -15.39%. Based on the distribution chart, China Television Co ranks #819 out of 1011 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, China Television Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Television Co's Operating Margin % compare to NXST?
According to the Media - Diversified industry distribution chart, China Television Co ranks #819 out of 1011 companies for Operating Margin %. This places China Television Co in the lower half of its industry. The industry median Operating Margin % is 2.42. 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 Media - Diversified company?
The median Operating Margin % among Media - Diversified companies is 2.42, based on 1,011 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 China Television Co and its competitors. For the Media - Diversified industry, the median Operating Margin % is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Television Co's current Operating Margin % is -15.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Television Co stock overvalued right now?
Based on GuruFocus' analysis, China Television Co (TPE:9928) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$15.65, compared to a current price of NT$18.70 — trading 19.5% above its estimated fair value. The current Operating Margin % is -15.39%. China Television Co's overall GF Score™ is 64/100 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 China Television Co (TPE:9928), the current Operating Margin % is -15.39% 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 China Television Co (TPE:9928) Overvalued in 2026?

Based on GuruFocus' analysis, China Television Co stock appears to be overvalued. The current stock price of NT$18.70 is trading 19.5% above its estimated GF Value™ of NT$15.65. GuruFocus considers China Television Co to be Modestly Overvalued.

Key valuation signals for TPE:9928:

  • Operating Margin %: -15.39%
  • GF Value™: NT$15.65 vs. price of NT$18.70 (19.5% above fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the TPE:9928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Television Co Business Description

Address No. 118, Chongyang Road, Nangang District, Taipei, TWN
China Television Co mainly engage in the production, broadcasting, and distribution of television programs, production and broadcasting of television advertisements, as well as retransmission and supply of international television programs. Its segments are Program Sales Segment, Advertising Segment, Other Segments. The company generates majority of revenue from Advertising Segment. It has presence in Taiwan, Asia, and Other countries. The company has presence in Taiwan.
64GF Score

Get the complete analysis for TPE:9928

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

NT$18.70
Price
NT$15.65
GF Value