CAPXSGO:CAP -1.57%65 Operating Margin % is 1.84% as of Mar. 2026, which is 90% below its 10-year median of 17.76. GuruFocus rates XSGO:CAP with a GF Score™ of 65/100 and a GF Value™ of CLP6,884.00 (Fairly Valued). The stock has 9 warning signs investors should review. Among 616 Steel companies, CAP ranks worse than 51.95% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. CAP's Operating Income for the
three
months ended in Mar. 2026 was CLP8,294 Mil. CAP's Revenue for the
three
months ended in Mar. 2026 was CLP450,401 Mil. Therefore, CAP's Operating Margin % for the quarter that ended in Mar. 2026 was 1.84%.
Warning Sign:
CAP SA operating margin has been in a 5-year decline. The average rate of decline per year is -37.1%.
The historical rank and industry rank for CAP's Operating Margin % or its related term are showing as below:
XSGO:CAP'
s Operating Margin % Range Over the Past 10 Years
Min: -2.39 Med: 17.76 Max: 40.83
Current: 2.75
XSGO:CAP's Operating Margin % is ranked worse than 51.95% of 616
companies
in the Steel industry
Industry Median: 3
vs XSGO:CAP: 2.75
CAP's 5-Year Average Operating Margin % Growth Rate was -37.10% per year.
CAP's Operating Income for the
three
months ended in Mar. 2026 was CLP8,294 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CLP50,963 Mil.
Warning Sign:
CAP SA has recorded a loss in operating income at least once over the past 3 years.
CAP (XSGO:CAP) 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.
CAP Operating Margin % Related Terms
CAP Operating Margin % Historical Data
* Premium members only.
The historical data trend for CAP'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.
XSGO:CAP vs NUE, STLD, RS: Operating Margin % Comparison
For the Steel subindustry, CAP'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.
CAP Operating Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, CAP's Operating Margin % distribution charts can be found below:
* The bar in red indicates where CAP'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.
CAP'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.
CAP (XSGO:CAP) has a Operating Margin % of 1.84% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on CAP and its competitors. This is 90% below median its historical median of 17.76. According to the industry distribution chart, CAP ranks #320 out of 616 companies in the Steel industry, placing it in the top 51.9%.
Is CAP's Operating Margin % too high?
CAP's current Operating Margin % of 1.84% is 90% below median its 10-year median of 17.76. The Steel industry median Operating Margin % is 3.00. CAP's value of 1.84% is 38.7% below this industry median. Based on the distribution chart, CAP ranks #320 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, CAP has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CAP's Operating Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, CAP ranks #320 out of 616 companies for Operating Margin %. This places CAP in the lower half of its industry. The industry median Operating Margin % is 3.00. CAP's value of 1.84% is 38.7% below this benchmark. While the company's 10-year median is 17.76 vs. the industry median of 3.00, CAP 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 Steel company?
The median Operating Margin % among Steel companies is 3.00, based on 616 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. CAP's current Operating Margin % of 1.84% is 38.7% 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 CAP and its competitors. For the Steel industry, the median Operating Margin % is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CAP's current Operating Margin % is 1.84%, which is 90% below median its own 10-year median of 17.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CAP stock overvalued right now?
Based on GuruFocus' analysis, CAP (XSGO:CAP) is currently considered Fairly Valued. The stock's GF Value™ is CLP6,884.00, compared to a current price of CLP6,507.70 — trading 5.5% below its estimated fair value. The current Operating Margin % is 1.84%, which is 90% below median its 10-year median of 17.76 and 38.7% below the Steel industry median of 3.00. CAP's overall GF Score™ is 65/100 with 9 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 CAP (XSGO:CAP), the current Operating Margin % is 1.84% 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 CAP (XSGO:CAP) Overvalued in 2026?
Based on GuruFocus' analysis, CAP stock appears to be undervalued.
The current stock price of CLP6,507.70 is trading 5.5% below its estimated GF Value™ of CLP6,884.00.
GuruFocus considers CAP to be Fairly Valued.
Key valuation signals for XSGO:CAP:
Operating Margin %: 1.84% (90% below median its 10-year median of 17.76)
GF Value™: CLP6,884.00 vs. price of CLP6,507.70 (5.5% below fair value)
Industry Position: 38.7% below the Steel median (#320 of 616)
No single metric tells the full story. See the XSGO:CAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CAP SA is a Chile-based holding company. The company, through its subsidiaries, is engaged in mining, steel production, steel processing, and infrastructure business. The company manages three business areas: iron ore (CAP Mining), steel production (CAP Steel) and CAP Steel Solutions. The company's main customers are located in Bahrain, Chile, China, Japan, Korea, Malaysia, and the USA. The firm's CAP Mining business division is engaged in the production of iron ore and pellets. CAP Steel operates through its subsidiary Compania Siderurgica Huachipato S.A, which sells steel products to distributors and construction companies, and CAP Steel Solutions main purpose is the manufacture, distribution, import and export of all kinds of steel and metal products.
65GF Score
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