KeyenceMEX:KEYN 100 Net Margin % is 40.04% as of Mar. 2026, which is 5% above its 10-year median of 38.14. GuruFocus rates MEX:KEYN with a GF Score™ of 100/100 and a GF Value™ of MXN8,912.52 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,472 Hardware companies, Keyence ranks better than 98.22% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Keyence's Net Income for the
three
months ended in Mar. 2026 was MXN15,230 Mil. Keyence's Revenue for the
three
months ended in Mar. 2026 was MXN38,033 Mil. Therefore, Keyence's net margin for the quarter that ended in Mar. 2026 was 40.04%.
The historical rank and industry rank for Keyence's Net Margin % or its related term are showing as below:
MEX:KEYN'
s Net Margin % Range Over the Past 10 Years
Min: 35.9 Med: 38.14 Max: 40.17
Current: 38.07
MEX:KEYN's Net Margin % is ranked better than 98.22% of 2472
companies
in the Hardware industry
Industry Median: 2.7
vs MEX:KEYN: 38.07
Keyence (MEX:KEYN) 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.
Keyence Net Margin % Related Terms
Keyence Net Margin % Historical Data
* Premium members only.
The historical data trend for Keyence'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.
MEX:KEYN vs COHR, KEYS, GRMN: Net Margin % Comparison
For the Scientific & Technical Instruments subindustry, Keyence'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.
Keyence Net Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Keyence's Net Margin % distribution charts can be found below:
* The bar in red indicates where Keyence'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.
Keyence (MEX:KEYN) has a Net Margin % of 40.04% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Keyence and its competitors. This is near median its historical median of 38.14. Over the past decade, Keyence's Net Margin % has ranged from 35.90 to 40.17. According to the industry distribution chart, Keyence ranks #44 out of 2472 companies in the Hardware industry, placing it in the top 1.8%.
Is Keyence's Net Margin % too high?
Keyence's current Net Margin % of 40.04% is near median its 10-year median of 38.14. Over the past 10 years, this metric has ranged from a low of 35.90 to a high of 40.17. The Hardware industry median Net Margin % is 2.70. Keyence's value of 40.04% is 1383% above this industry median. Based on the distribution chart, Keyence ranks #44 out of 2472 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Keyence has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Keyence's Net Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Keyence ranks #44 out of 2472 companies for Net Margin %. This places Keyence in the top 2% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.70. Keyence's value of 40.04% is 1383% above this benchmark. Historically, Keyence's own Net Margin % has ranged from 35.90 to 40.17 over the past decade. While the company's 10-year median is 38.14 vs. the industry median of 2.70, Keyence 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 a Hardware company?
The median Net Margin % among Hardware companies is 2.70, based on 2,472 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. Keyence's current Net Margin % of 40.04% is 1383% 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 Keyence and its competitors. For the Hardware industry, the median Net Margin % is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keyence's current Net Margin % is 40.04%, which is near median its own 10-year median of 38.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyence stock overvalued right now?
Based on GuruFocus' analysis, Keyence (MEX:KEYN) is currently considered Fairly Valued. The stock's GF Value™ is MXN8,912.52, compared to a current price of MXN8,631.00 — trading 3.2% below its estimated fair value. The current Net Margin % is 40.04%, which is near median its 10-year median of 38.14 and 1383% above the Hardware industry median of 2.70. Keyence's overall GF Score™ is 100/100 with 4 warning signs to review. 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 Keyence (MEX:KEYN), the current Net Margin % is 40.04% 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 Keyence (MEX:KEYN) Overvalued in 2026?
Based on GuruFocus' analysis, Keyence stock appears to be undervalued.
The current stock price of MXN8,631.00 is trading 3.2% below its estimated GF Value™ of MXN8,912.52.
GuruFocus considers Keyence to be Fairly Valued.
Key valuation signals for MEX:KEYN:
Net Margin %: 40.04% (near median its 10-year median of 38.14)
GF Value™: MXN8,912.52 vs. price of MXN8,631.00 (3.2% below fair value)
Industry Position: 1383% above the Hardware median (#44 of 2472)
No single metric tells the full story. See the MEX:KEYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keyence Corporation, founded in May 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, began as Lead Electric Co., Ltd. before rebranding to Keyence (derived from "KEY of sciENCE") in 1986. As a global leader in industrial automation, the company designs and manufactures a comprehensive range of high-precision products, including sensors (photoelectric, laser, proximity), machine vision systems, measurement instruments (laser displacement sensors, 3D scanners), control systems (PLCs, HMIs), laser markers, digital microscopes, and safety equipment.
100GF Score
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