Heineken Malaysia BhdXKLS:3255 -0.51%92 Operating Margin % is 21.29% as of Mar. 2026, which is 12% above its 10-year median of 18.93. GuruFocus rates XKLS:3255 with a GF Score™ of 92/100 and a GF Value™ of RM23.81 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Heineken Malaysia Bhd ranks better than 88.57% on this metric.
Heineken Malaysia Bhd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Heineken Malaysia Bhd's Operating Margin % or its related term are showing as below:
XKLS:3255'
s Operating Margin % Range Over the Past 10 Years
Min: 12.37 Med: 18.93 Max: 22.09
Current: 22.07
XKLS:3255's Operating Margin % is ranked better than 88.57% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 7.915
vs XKLS:3255: 22.07
Heineken Malaysia Bhd's 5-Year Average Operating Margin % Growth Rate was 10.90% per year.
Heineken Malaysia Bhd (XKLS:3255) 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.
Heineken Malaysia Bhd Operating Margin % Related Terms
Heineken Malaysia Bhd Operating Margin % Historical Data
* Premium members only.
The historical data trend for Heineken Malaysia 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:3255 vs STZ, TAP: Operating Margin % Comparison
For the Beverages - Brewers subindustry, Heineken Malaysia 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.
Heineken Malaysia Bhd Operating Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Malaysia Bhd's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Heineken Malaysia Bhd's Operating Margin % falls into.
Heineken Malaysia Bhd 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.
Heineken Malaysia 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.
Heineken Malaysia Bhd (XKLS:3255) has a Operating Margin % of 21.29% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Heineken Malaysia Bhd and its competitors. This is 12% above median its historical median of 18.93. Over the past decade, Heineken Malaysia Bhd's Operating Margin % has ranged from 12.37 to 22.09. According to the industry distribution chart, Heineken Malaysia Bhd ranks #24 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 11.4%.
Is Heineken Malaysia Bhd's Operating Margin % too high?
Heineken Malaysia Bhd's current Operating Margin % of 21.29% is 12% above median its 10-year median of 18.93. Over the past 10 years, this metric has ranged from a low of 12.37 to a high of 22.09. The Beverages - Alcoholic industry median Operating Margin % is 7.92. Heineken Malaysia Bhd's value of 21.29% is 169% above this industry median. Based on the distribution chart, Heineken Malaysia Bhd ranks #24 out of 210 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Heineken Malaysia Bhd has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heineken Malaysia Bhd's Operating Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Heineken Malaysia Bhd ranks #24 out of 210 companies for Operating Margin %. This places Heineken Malaysia Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.92. Heineken Malaysia Bhd's value of 21.29% is 169% above this benchmark. Historically, Heineken Malaysia Bhd's own Operating Margin % has ranged from 12.37 to 22.09 over the past decade. While the company's 10-year median is 18.93 vs. the industry median of 7.92, Heineken Malaysia 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 Beverages - Alcoholic company?
The median Operating Margin % among Beverages - Alcoholic companies is 7.92, based on 210 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. Heineken Malaysia Bhd's current Operating Margin % of 21.29% is 169% 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 Heineken Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median Operating Margin % is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken Malaysia Bhd's current Operating Margin % is 21.29%, which is 12% above median its own 10-year median of 18.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Heineken Malaysia Bhd (XKLS:3255) is currently considered Modestly Undervalued. The stock's GF Value™ is RM23.81, compared to a current price of RM19.36 — trading 18.7% below its estimated fair value. The current Operating Margin % is 21.29%, which is 12% above median its 10-year median of 18.93 and 169% above the Beverages - Alcoholic industry median of 7.92. Heineken Malaysia Bhd's overall GF Score™ is 92/100 with 2 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 Heineken Malaysia Bhd (XKLS:3255), the current Operating Margin % is 21.29% 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 Heineken Malaysia Bhd (XKLS:3255) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken Malaysia Bhd stock appears to be undervalued.
The current stock price of RM19.36 is trading 18.7% below its estimated GF Value™ of RM23.81.
GuruFocus considers Heineken Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:3255:
Operating Margin %: 21.29% (12% above median its 10-year median of 18.93)
GF Value™: RM23.81 vs. price of RM19.36 (18.7% below fair value)
Industry Position: 169% above the Beverages - Alcoholic median (#24 of 210)
No single metric tells the full story. See the XKLS:3255 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken Malaysia Bhd is engaged in the production, packaging, marketing, and distribution of beverages, mainly alcoholic. The portfolio of the company includes various brands such as The World-acclaimed iconic Asian beer - Tiger Beer, The crystal-cold filtered beer - Tiger Crystal, The New Zealand-inspired cider - Apple Fox Cider, Edelweiss, infused with juicy peach flavour, The premium Irish ale - Kilkenny, The real shandy - Anglia, and others.
92GF Score
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