Ray Sigorta ASIST:RAYSG -0.58%54 Net Margin % is 10.28% as of Mar. 2026, which is 26% above its 10-year median of 8.19. GuruFocus rates IST:RAYSG with a GF Score™ of 54/100 and a GF Value™ of ₺617.41 (Significantly Undervalued). Among 506 Insurance companies, Ray Sigorta AS ranks better than 58.89% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Ray Sigorta AS's Net Income for the
three
months ended in Mar. 2026 was ₺912 Mil. Ray Sigorta AS's Revenue for the
three
months ended in Mar. 2026 was ₺8,871 Mil. Therefore, Ray Sigorta AS's net margin for the quarter that ended in Mar. 2026 was 10.28%.
The historical rank and industry rank for Ray Sigorta AS's Net Margin % or its related term are showing as below:
IST:RAYSG'
s Net Margin % Range Over the Past 10 Years
Min: 5.36 Med: 8.19 Max: 15.06
Current: 11.16
IST:RAYSG's Net Margin % is ranked better than 58.89% of 506
companies
in the Insurance industry
Industry Median: 9.275
vs IST:RAYSG: 11.16
Ray Sigorta AS (IST:RAYSG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Ray Sigorta AS Net Margin % Related Terms
Ray Sigorta AS Net Margin % Historical Data
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The historical data trend for Ray Sigorta AS's Net 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.
IST:RAYSG vs BRK.A, AIG, HIG: Net Margin % Comparison
For the Insurance - Diversified subindustry, Ray Sigorta AS's Net Margin %, along with its competitors' market caps and Net 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.
Ray Sigorta AS Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Ray Sigorta AS's Net Margin % distribution charts can be found below:
* The bar in red indicates where Ray Sigorta AS's Net 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.
Ray Sigorta AS (IST:RAYSG) has a Net Margin % of 10.28% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Ray Sigorta AS and its competitors. This is 26% above median its historical median of 8.19. Over the past decade, Ray Sigorta AS's Net Margin % has ranged from 5.36 to 15.06. According to the industry distribution chart, Ray Sigorta AS ranks #208 out of 506 companies in the Insurance industry, placing it in the top 41.1%.
Is Ray Sigorta AS's Net Margin % too high?
Ray Sigorta AS's current Net Margin % of 10.28% is 26% above median its 10-year median of 8.19. Over the past 10 years, this metric has ranged from a low of 5.36 to a high of 15.06. The Insurance industry median Net Margin % is 9.28. Ray Sigorta AS's value of 10.28% is 10.8% above this industry median. Based on the distribution chart, Ray Sigorta AS ranks #208 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, Ray Sigorta AS has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ray Sigorta AS's Net Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Ray Sigorta AS ranks #208 out of 506 companies for Net Margin %. This puts Ray Sigorta AS in the upper half of its industry. The industry median Net Margin % is 9.28. Ray Sigorta AS's value of 10.28% is 10.8% above this benchmark. Historically, Ray Sigorta AS's own Net Margin % has ranged from 5.36 to 15.06 over the past decade. While the company's 10-year median is 8.19 vs. the industry median of 9.28, Ray Sigorta AS 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 Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.28, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ray Sigorta AS's current Net Margin % of 10.28% is 10.8% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Ray Sigorta AS and its competitors. For the Insurance industry, the median Net Margin % is 9.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Sigorta AS's current Net Margin % is 10.28%, which is 26% above median its own 10-year median of 8.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Sigorta AS stock overvalued right now?
Based on GuruFocus' analysis, Ray Sigorta AS (IST:RAYSG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺617.41, compared to a current price of ₺188.00 — trading 69.6% below its estimated fair value. The current Net Margin % is 10.28%, which is 26% above median its 10-year median of 8.19 and 10.8% above the Insurance industry median of 9.28. Ray Sigorta AS's overall GF Score™ is 54/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Ray Sigorta AS (IST:RAYSG), the current Net Margin % is 10.28% 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 Ray Sigorta AS (IST:RAYSG) Overvalued in 2026?
Based on GuruFocus' analysis, Ray Sigorta AS stock appears to be undervalued.
The current stock price of ₺188.00 is trading 69.6% below its estimated GF Value™ of ₺617.41.
GuruFocus considers Ray Sigorta AS to be Significantly Undervalued.
Key valuation signals for IST:RAYSG:
Net Margin %: 10.28% (26% above median its 10-year median of 8.19)
GF Value™: ₺617.41 vs. price of ₺188.00 (69.6% below fair value)
Industry Position: 10.8% above the Insurance median (#208 of 506)
No single metric tells the full story. See the IST:RAYSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Sigorta AS is a Turkey-based insurance company. It offers motor, household and health insurances. The motor insurance covers accidents such as the collision of the car with other motor or no-motor vehicles used on the road or railroad. Its household insurance secures house and goods against many risks such as fire, robbery, earthquake, and floods. The health insurance product consists of emergency health insurance, complementary health insurance, health insurance for foreigners and travel health insurance. Additionally, it also provides contracted health institutions and contracted auto services.
54GF Score
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