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Global TestingSGX:AYN 78 Gross Margin % is 19.86% as of Dec. 2025, which is 11% below its 10-year median of 22.39. GuruFocus rates SGX:AYN with a GF Score™ of 78/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 1,010 Semiconductors companies, Global Testing ranks worse than 64.46% on this metric.
Global Testing (SGX:AYN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Global Testing had a gross margin of 19.86% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Global Testing Gross Margin % Related Terms
Global Testing Gross Margin % Historical Data
* Premium members only.
The historical data trend for Global Testing's Gross 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.
SGX:AYN vs AMAT, LRCX, KLAC: Gross Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, Global Testing's Gross Margin %, along with its competitors' market caps and Gross 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.
Global Testing Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Global Testing's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Global Testing (SGX:AYN) has a Gross Margin % of 19.86% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Global Testing and its competitors. This is 11% below median its historical median of 22.39. Over the past decade, Global Testing's Gross Margin % has ranged from 4.09 to 35.03. According to the industry distribution chart, Global Testing ranks #651 out of 1010 companies in the Semiconductors industry, placing it in the top 64.5%.
Is Global Testing's Gross Margin % too high?
Global Testing's current Gross Margin % of 19.86% is 11% below median its 10-year median of 22.39. Over the past 10 years, this metric has ranged from a low of 4.09 to a high of 35.03. The Semiconductors industry median Gross Margin % is 29.66. Global Testing's value of 19.86% is 33% below this industry median. Based on the distribution chart, Global Testing ranks #651 out of 1010 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Gross Margin % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #651 out of 1010 companies for Gross Margin %. This places Global Testing in the lower half of its industry. The industry median Gross Margin % is 29.66. Global Testing's value of 19.86% is 33% below this benchmark. Historically, Global Testing's own Gross Margin % has ranged from 4.09 to 35.03 over the past decade. While the company's 10-year median is 22.39 vs. the industry median of 29.66, Global Testing 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 Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.66, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Global Testing's current Gross Margin % of 19.86% is 33% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Global Testing and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current Gross Margin % is 19.86%, which is 11% below median its own 10-year median of 22.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current Gross Margin % is 19.86%, which is 11% below median its 10-year median of 22.39 and 33% below the Semiconductors industry median of 29.66. Global Testing's overall GF Score™ is 78/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Global Testing (SGX:AYN), the current Gross Margin % is 19.86% 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 Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be undervalued.
The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
Gross Margin %: 19.86% (11% below median its 10-year median of 22.39)
GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
Industry Position: 33% below the Semiconductors median (#651 of 1010)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score
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