Icape HoldingXPAR:ALICA -1.45%83 Operating Margin % is 3.95% as of Dec. 2025, which is 11% above its 10-year median of 3.56. GuruFocus rates XPAR:ALICA with a GF Score™ of 83/100 and a GF Value™ of €11.06 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,472 Hardware companies, Icape Holding ranks worse than 50.97% 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.
Icape Holding Operating Margin % Related Terms
Icape Holding Operating Margin % Historical Data
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The historical data trend for Icape Holding'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.
XPAR:ALICA vs APH, GLW, TEL: Operating Margin % Comparison
For the Electronic Components subindustry, Icape Holding'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.
Icape Holding Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Icape Holding's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Icape Holding'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.
Icape Holding'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.
Icape Holding (XPAR:ALICA) has a Operating Margin % of 3.95% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Icape Holding and its competitors. This is 11% above median its historical median of 3.56. Over the past decade, Icape Holding's Operating Margin % has ranged from 1.55 to 5.10. According to the industry distribution chart, Icape Holding ranks #1260 out of 2472 companies in the Hardware industry, placing it in the top 51%.
Is Icape Holding's Operating Margin % too high?
Icape Holding's current Operating Margin % of 3.95% is 11% above median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 5.10. The Hardware industry median Operating Margin % is 3.81. Icape Holding's value of 3.95% is 3.7% above this industry median. Based on the distribution chart, Icape Holding ranks #1260 out of 2472 companies in the Hardware industry, which is below the industry midpoint. Overall, Icape Holding has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icape Holding's Operating Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Icape Holding ranks #1260 out of 2472 companies for Operating Margin %. This places Icape Holding in the lower half of its industry. The industry median Operating Margin % is 3.81. Icape Holding's value of 3.95% is 3.7% above this benchmark. Historically, Icape Holding's own Operating Margin % has ranged from 1.55 to 5.10 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 3.81, Icape Holding 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 3.81, 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. Icape Holding's current Operating Margin % of 3.95% is 3.7% 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 Icape Holding and its competitors. For the Hardware industry, the median Operating Margin % is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icape Holding's current Operating Margin % is 3.95%, which is 11% above median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icape Holding stock overvalued right now?
Based on GuruFocus' analysis, Icape Holding (XPAR:ALICA) is currently considered Possible Value Trap. The stock's GF Value™ is €11.06, compared to a current price of €6.82 — trading 38.3% below its estimated fair value. The current Operating Margin % is 3.95%, which is 11% above median its 10-year median of 3.56 and 3.7% above the Hardware industry median of 3.81. Icape Holding's overall GF Score™ is 83/100 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 Icape Holding (XPAR:ALICA), the current Operating Margin % is 3.95% 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 Icape Holding (XPAR:ALICA) Overvalued in 2026?
Based on GuruFocus' analysis, Icape Holding stock appears to be undervalued.
The current stock price of €6.82 is trading 38.3% below its estimated GF Value™ of €11.06.
GuruFocus considers Icape Holding to be Possible Value Trap.
Key valuation signals for XPAR:ALICA:
Operating Margin %: 3.95% (11% above median its 10-year median of 3.56)
GF Value™: €11.06 vs. price of €6.82 (38.3% below fair value)
Industry Position: 3.7% above the Hardware median (#1260 of 2472)
No single metric tells the full story. See the XPAR:ALICA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icape Holding SA is engaged in the distribution, trade, and production of printed circuit boards (PCB), which are essential components used across the electronics industry, including the business, telecommunications, automotive, connected objects, home automation, e-mobility, medical, power, multimedia, and IT industries. Its segemnts are: It operates through the Trade in printed circuit boards (PCB) - Americas; Trade and production of printed circuit boards (PCB); Trade and production of printed circuit boards (PCB) - Central Europe; Trade in printed circuit boards (PCB) - Asia and the Rest of the World, which generates maximum revenue; Trade and production of technical parts (Tech Parts) - Europe; and Trade and production of technical parts (Tech Parts) - Rest of the World.
83GF Score
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