Dawn (TSE:2303) EBITDA Margin %: 45.80% (As of Feb. 2026) — 45% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2303 Dawn Corp TSE:2303
83 GF Score
Price 円1,318.00
GF Value 円1,338.82
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Dawn EBITDA Margin %?

Dawn TSE:2303 -0.08% 83 EBITDA Margin % is 45.80% as of Feb. 2026, which is 45% above its 10-year median of 31.68. GuruFocus rates TSE:2303 with a GF Score™ of 83/100 and a GF Value™ of 円1,338.82 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,826 Software companies, Dawn ranks better than 93.17% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Dawn's EBITDA for the three months ended in Feb. 2026 was 円203 Mil. Dawn's Revenue for the three months ended in Feb. 2026 was 円444 Mil. Therefore, Dawn's EBITDA margin for the quarter that ended in Feb. 2026 was 45.80%.


Dawn  (TSE:2303) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Dawn EBITDA Margin % Related Terms


Dawn EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Dawn's EBITDA 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.

Dawn EBITDA Margin % Chart

Dawn Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.01 32.62 35.86 35.21 38.10

Dawn Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 26.37 37.60 45.80 38.58

TSE:2303 vs QH, SHOP, UBER: EBITDA Margin % Comparison

For the Software - Application subindustry, Dawn's EBITDA Margin %, along with its competitors' market caps and EBITDA 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.


Dawn EBITDA Margin % vs Software Industry

For the Software industry and Technology sector, Dawn's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Dawn's EBITDA Margin % falls into.


TSE:2303
83GF Score
Dawn Corp TSE:2303
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dawn EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Dawn's EBITDA Margin % for the fiscal year that ended in May. 2026 is calculated as

EBITDA Margin %=EBITDA (A: May. 2026 )/Revenue (A: May. 2026 )
=660.851/1734.668
=38.10 %

Dawn's EBITDA Margin % for the quarter that ended in Feb. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=203.241/443.713
=45.80 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 45.80% mean?
Dawn (TSE:2303) has a EBITDA Margin % of 45.80% as of Feb. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Dawn and its competitors. This is 45% above median its historical median of 31.68. Over the past decade, Dawn's EBITDA Margin % has ranged from 16.43 to 38.10. According to the industry distribution chart, Dawn ranks #193 out of 2826 companies in the Software industry, placing it in the top 6.8%.
Is Dawn's EBITDA Margin % too high?
Dawn's current EBITDA Margin % of 45.80% is 45% above median its 10-year median of 31.68. Over the past 10 years, this metric has ranged from a low of 16.43 to a high of 38.10. The Software industry median EBITDA Margin % is 8.18. Dawn's value of 45.80% is 459.9% above this industry median. Based on the distribution chart, Dawn ranks #193 out of 2826 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dawn has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dawn's EBITDA Margin % compare to QH and SHOP?
According to the Software industry distribution chart, Dawn ranks #193 out of 2826 companies for EBITDA Margin %. This places Dawn in the top 7% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.18. Dawn's value of 45.80% is 459.9% above this benchmark. Historically, Dawn's own EBITDA Margin % has ranged from 16.43 to 38.10 over the past decade. While the company's 10-year median is 31.68 vs. the industry median of 8.18, Dawn 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 EBITDA Margin % for a Software company?
The median EBITDA Margin % among Software companies is 8.18, based on 2,826 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dawn's current EBITDA Margin % of 45.80% is 459.9% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Dawn and its competitors. For the Software industry, the median EBITDA Margin % is 8.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dawn's current EBITDA Margin % is 45.80%, which is 45% above median its own 10-year median of 31.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dawn stock overvalued right now?
Based on GuruFocus' analysis, Dawn (TSE:2303) is currently considered Fairly Valued. The stock's GF Value™ is 円1,338.82, compared to a current price of 円1,318.00 — trading 1.6% below its estimated fair value. The current EBITDA Margin % is 45.80%, which is 45% above median its 10-year median of 31.68 and 459.9% above the Software industry median of 8.18. Dawn's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Dawn (TSE:2303), the current EBITDA Margin % is 45.80% as of Feb. 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 Dawn (TSE:2303) Overvalued in 2026?

Based on GuruFocus' analysis, Dawn stock appears to be undervalued. The current stock price of 円1,318.00 is trading 1.6% below its estimated GF Value™ of 円1,338.82. GuruFocus considers Dawn to be Fairly Valued.

Key valuation signals for TSE:2303:

  • EBITDA Margin %: 45.80% (45% above median its 10-year median of 31.68)
  • GF Value™: 円1,338.82 vs. price of 円1,318.00 (1.6% below fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 459.9% above the Software median (#193 of 2826)

No single metric tells the full story. See the TSE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dawn Business Description

Address 2-2-21 Sannomiya Grand Building 5th floor, Hyogo Prefecture, Kobe, JPN
Dawn Corp is engaged in service building services such as FAQ Q and A location information service ASP, GPS map, GIS application development consulting contract research and development and sales of core GIS engine. It is a research and development company specialized in geographic information systems. Its system is used in the security and security of disaster prevention areas such as local governments, the crime prevention area for disaster prevention and the social infrastructure area of private enterprises.
83GF Score

Get the complete analysis for TSE:2303

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,318.00
Price
円1,338.82
GF Value