Vishay IntertechnologyVSH -5.72%59 Operating Margin % is 2.64% as of Mar. 2026, which is 78% below its 10-year median of 11.82. GuruFocus rates VSH with a GF Score™ of 59/100 and a GF Value™ of $20.91 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 1,023 Semiconductors companies, Vishay Intertechnology ranks worse than 58.85% on this metric.
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.
Vishay Intertechnology Operating Margin % Related Terms
Vishay Intertechnology Operating Margin % Historical Data
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The historical data trend for Vishay Intertechnology'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.
VSH vs SLAB, NVTS, MXL: Operating Margin % Comparison
For the Semiconductors subindustry, Vishay Intertechnology'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.
Vishay Intertechnology Operating Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Vishay Intertechnology's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Vishay Intertechnology'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.
Vishay Intertechnology'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.
Vishay Intertechnology (VSH) has a Operating Margin % of 2.64% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Vishay Intertechnology and its competitors. This is 78% below median its historical median of 11.82. Over the past decade, Vishay Intertechnology's Operating Margin % has ranged from 1.85 to 17.60. According to the industry distribution chart, Vishay Intertechnology ranks #602 out of 1023 companies in the Semiconductors industry, placing it in the top 58.8%.
Is Vishay Intertechnology's Operating Margin % too high?
Vishay Intertechnology's current Operating Margin % of 2.64% is 78% below median its 10-year median of 11.82. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 17.60. The Semiconductors industry median Operating Margin % is 5.18. Vishay Intertechnology's value of 2.64% is 49% below this industry median. Based on the distribution chart, Vishay Intertechnology ranks #602 out of 1023 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Vishay Intertechnology has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vishay Intertechnology's Operating Margin % compare to SLAB and NVTS?
According to the Semiconductors industry distribution chart, Vishay Intertechnology ranks #602 out of 1023 companies for Operating Margin %. This places Vishay Intertechnology in the lower half of its industry. The industry median Operating Margin % is 5.18. Vishay Intertechnology's value of 2.64% is 49% below this benchmark. Historically, Vishay Intertechnology's own Operating Margin % has ranged from 1.85 to 17.60 over the past decade. While the company's 10-year median is 11.82 vs. the industry median of 5.18, Vishay Intertechnology has consistently been below 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 Semiconductors company?
The median Operating Margin % among Semiconductors companies is 5.18, based on 1,023 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. Vishay Intertechnology's current Operating Margin % of 2.64% is 49% below 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 Vishay Intertechnology and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vishay Intertechnology's current Operating Margin % is 2.64%, which is 78% below median its own 10-year median of 11.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vishay Intertechnology stock overvalued right now?
Based on GuruFocus' analysis, Vishay Intertechnology (VSH) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.91, compared to a current price of $55.59 — trading 165.9% above its estimated fair value. The current Operating Margin % is 2.64%, which is 78% below median its 10-year median of 11.82 and 49% below the Semiconductors industry median of 5.18. Vishay Intertechnology's overall GF Score™ is 59/100 with 12 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 Vishay Intertechnology (VSH), the current Operating Margin % is 2.64% as of Mar. 2026. 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 Vishay Intertechnology (VSH) Overvalued in 2026?
Based on GuruFocus' analysis, Vishay Intertechnology stock appears to be overvalued.
The current stock price of $55.59 is trading 165.9% above its estimated GF Value™ of $20.91.
GuruFocus considers Vishay Intertechnology to be Significantly Overvalued.
Key valuation signals for VSH:
Operating Margin %: 2.64% (78% below median its 10-year median of 11.82)
GF Value™: $20.91 vs. price of $55.59 (165.9% above fair value)
Industry Position: 49% below the Semiconductors median (#602 of 1023)
No single metric tells the full story. See the VSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vishay Intertechnology Inc provides a broad product portfolio of discrete semiconductors and passive electronic components to original equipment manufacturers and distributors. These products are found in industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical markets and serve customer all over the world. Its product segments consist of two general classes: semiconductors and passive components. The company's operating segment includes metal oxide semiconductor field-effect transistors, diodes, optoelectronic components, resistors, inductors, and capacitors. Revenue mainly comes from resistors, which are basic components used in all forms of electronic circuitry to adjust and regulate levels of voltage and current.
59GF Score
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