TSA Group BhdXKLS:0297 +1.74%35 Operating Margin % is 7.88% as of Mar. 2026, which is 24% below its 10-year median of 10.40. GuruFocus rates XKLS:0297 with a GF Score™ of 35/100. The stock has 10 warning signs investors should review. Among 615 Steel companies, TSA Group Bhd ranks better than 81.63% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. TSA Group Bhd's Operating Income for the
three
months ended in Mar. 2026 was RM4.8 Mil. TSA Group Bhd's Revenue for the
three
months ended in Mar. 2026 was RM61.5 Mil. Therefore, TSA Group Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 7.88%.
Warning Sign:
TSA Group Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -6.5%.
The historical rank and industry rank for TSA Group Bhd's Operating Margin % or its related term are showing as below:
XKLS:0297'
s Operating Margin % Range Over the Past 10 Years
Min: 8.91 Med: 10.4 Max: 18.62
Current: 9.72
XKLS:0297's Operating Margin % is ranked better than 81.63% of 615
companies
in the Steel industry
Industry Median: 2.99
vs XKLS:0297: 9.72
TSA Group Bhd's 5-Year Average Operating Margin % Growth Rate was -6.50% per year.
TSA Group Bhd's Operating Income for the
three
months ended in Mar. 2026 was RM4.8 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM25.2 Mil.
TSA Group Bhd (XKLS:0297) 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.
TSA Group Bhd Operating Margin % Related Terms
TSA Group Bhd Operating Margin % Historical Data
* Premium members only.
The historical data trend for TSA Group Bhd'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.
XKLS:0297 vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, TSA Group Bhd'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.
TSA Group Bhd Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, TSA Group Bhd's Operating Margin % distribution charts can be found below:
* The bar in red indicates where TSA Group Bhd'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.
TSA Group Bhd'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.
TSA Group Bhd (XKLS:0297) has a Operating Margin % of 7.88% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TSA Group Bhd and its competitors. This is 24% below median its historical median of 10.40. Over the past decade, TSA Group Bhd's Operating Margin % has ranged from 8.91 to 18.62. According to the industry distribution chart, TSA Group Bhd ranks #113 out of 615 companies in the Steel industry, placing it in the top 18.4%.
Is TSA Group Bhd's Operating Margin % too high?
TSA Group Bhd's current Operating Margin % of 7.88% is 24% below median its 10-year median of 10.40. Over the past 10 years, this metric has ranged from a low of 8.91 to a high of 18.62. The Steel industry median Operating Margin % is 2.99. TSA Group Bhd's value of 7.88% is 163.5% above this industry median. Based on the distribution chart, TSA Group Bhd ranks #113 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, TSA Group Bhd has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does TSA Group Bhd's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, TSA Group Bhd ranks #113 out of 615 companies for Operating Margin %. This places TSA Group Bhd in the top 18% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.99. TSA Group Bhd's value of 7.88% is 163.5% above this benchmark. Historically, TSA Group Bhd's own Operating Margin % has ranged from 8.91 to 18.62 over the past decade. While the company's 10-year median is 10.40 vs. the industry median of 2.99, TSA Group Bhd 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 Steel company?
The median Operating Margin % among Steel companies is 2.99, based on 615 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. TSA Group Bhd's current Operating Margin % of 7.88% is 163.5% 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 TSA Group Bhd and its competitors. For the Steel industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSA Group Bhd's current Operating Margin % is 7.88%, which is 24% below median its own 10-year median of 10.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSA Group Bhd stock overvalued right now?
TSA Group Bhd (XKLS:0297) has a current Operating Margin % of 7.88%. The current Operating Margin % is 7.88%, which is 24% below median its 10-year median of 10.40 and 163.5% above the Steel industry median of 2.99. TSA Group Bhd's overall GF Score™ is 35/100 with 10 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 TSA Group Bhd (XKLS:0297), the current Operating Margin % is 7.88% 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.
TSA Group Bhd is engaged in trading, manufacturing and processing of metal products, mainly of stainless steel. It mainly trades in stainless steel plates, sheets, coils, pipes, square bars, flat bars, round bars, hexagon bars, angle bars, U-channels, chequered and perforated plates, shim and strips, wire, flanges, and pipe fittings. It also supplies products made from other metals comprising copper, aluminum, brass, bronze, lead, and carbon steel. Geographically it operates in Malaysia, Singapore, Bangladesh, Thailand, Indonesia and others, having key revenue from Malaysia.
35GF Score
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