Rayitek Hi-Tech Film CoSHSE:688323 -4.67%53 Gross Margin % is 17.37% as of Mar. 2026, which is 52% below its 10-year median of 36.36. GuruFocus rates SHSE:688323 with a GF Score™ of 53/100 and a GF Value™ of ¥20.83 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,449 Hardware companies, Rayitek Hi-Tech Film Co ranks worse than 66.88% on this metric.
SHSE:688323's Gross Margin % is ranked worse than 66.88% of 2449
companies
in the Hardware industry
Industry Median: 24.5
vs SHSE:688323: 17.59
Rayitek Hi-Tech Film Co had a gross margin of 17.37% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Rayitek Hi-Tech Film Co was -17.00% per year.
Rayitek Hi-Tech Film Co (SHSE:688323) 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
Rayitek Hi-Tech Film Co had a gross margin of 17.37% for the quarter that ended in Mar. 2026 => 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.
Rayitek Hi-Tech Film Co Gross Margin % Related Terms
Rayitek Hi-Tech Film Co Gross Margin % Historical Data
* 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.
SHSE:688323 vs APH, GLW: Gross Margin % Comparison
For the Electronic Components subindustry, Rayitek Hi-Tech Film Co'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.
Rayitek Hi-Tech Film Co Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Rayitek Hi-Tech Film Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Rayitek Hi-Tech Film Co'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.
Rayitek Hi-Tech Film Co (SHSE:688323) has a Gross Margin % of 17.37% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Rayitek Hi-Tech Film Co and its competitors. This is 52% below median its historical median of 36.36. Over the past decade, Rayitek Hi-Tech Film Co's Gross Margin % has ranged from 17.59 to 44.88. According to the industry distribution chart, Rayitek Hi-Tech Film Co ranks #1638 out of 2449 companies in the Hardware industry, placing it in the top 66.9%.
Is Rayitek Hi-Tech Film Co's Gross Margin % too high?
Rayitek Hi-Tech Film Co's current Gross Margin % of 17.37% is 52% below median its 10-year median of 36.36. Over the past 10 years, this metric has ranged from a low of 17.59 to a high of 44.88. The Hardware industry median Gross Margin % is 24.50. Rayitek Hi-Tech Film Co's value of 17.37% is 29.1% below this industry median. Based on the distribution chart, Rayitek Hi-Tech Film Co ranks #1638 out of 2449 companies in the Hardware industry, which is below the industry midpoint. Overall, Rayitek Hi-Tech Film Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rayitek Hi-Tech Film Co's Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Rayitek Hi-Tech Film Co ranks #1638 out of 2449 companies for Gross Margin %. This places Rayitek Hi-Tech Film Co in the lower half of its industry. The industry median Gross Margin % is 24.50. Rayitek Hi-Tech Film Co's value of 17.37% is 29.1% below this benchmark. Historically, Rayitek Hi-Tech Film Co's own Gross Margin % has ranged from 17.59 to 44.88 over the past decade. While the company's 10-year median is 36.36 vs. the industry median of 24.50, Rayitek Hi-Tech Film Co 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,449 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. Rayitek Hi-Tech Film Co's current Gross Margin % of 17.37% is 29.1% 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 Rayitek Hi-Tech Film Co and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rayitek Hi-Tech Film Co's current Gross Margin % is 17.37%, which is 52% below median its own 10-year median of 36.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rayitek Hi-Tech Film Co stock overvalued right now?
Based on GuruFocus' analysis, Rayitek Hi-Tech Film Co (SHSE:688323) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥20.83, compared to a current price of ¥38.95 — trading 87% above its estimated fair value. The current Gross Margin % is 17.37%, which is 52% below median its 10-year median of 36.36 and 29.1% below the Hardware industry median of 24.50. Rayitek Hi-Tech Film Co's overall GF Score™ is 53/100 with 5 warning signs to review. 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 Rayitek Hi-Tech Film Co (SHSE:688323), the current Gross Margin % is 17.37% 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 Rayitek Hi-Tech Film Co (SHSE:688323) Overvalued in 2026?
Based on GuruFocus' analysis, Rayitek Hi-Tech Film Co stock appears to be overvalued.
The current stock price of ¥38.95 is trading 87% above its estimated GF Value™ of ¥20.83.
GuruFocus considers Rayitek Hi-Tech Film Co to be Significantly Overvalued.
Key valuation signals for SHSE:688323:
Gross Margin %: 17.37% (52% below median its 10-year median of 36.36)
GF Value™: ¥20.83 vs. price of ¥38.95 (87% above fair value)
Industry Position: 29.1% below the Hardware median (#1638 of 2449)
No single metric tells the full story. See the SHSE:688323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.
53GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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