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CSI Solar CoSHSE:688472 -5.30%83 Net Margin % is 7.29% as of Mar. 2026, which is 35% above its 10-year median of 5.42. GuruFocus rates SHSE:688472 with a GF Score™ of 83/100 and a GF Value™ of ¥9.09 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,023 Semiconductors companies, CSI Solar Co ranks worse than 51.32% on this metric.
Net margin is calculated as Net Income divided by its Revenue. CSI Solar Co's Net Income for the
three
months ended in Mar. 2026 was ¥519 Mil. CSI Solar Co's Revenue for the
three
months ended in Mar. 2026 was ¥7,129 Mil. Therefore, CSI Solar Co's net margin for the quarter that ended in Mar. 2026 was 7.29%.
The historical rank and industry rank for CSI Solar Co's Net Margin % or its related term are showing as below:
SHSE:688472'
s Net Margin % Range Over the Past 10 Years
Min: 0.12 Med: 5.42 Max: 8.09
Current: 3.84
SHSE:688472's Net Margin % is ranked worse than 51.32% of 1023
companies
in the Semiconductors industry
Industry Median: 4.27
vs SHSE:688472: 3.84
CSI Solar Co (SHSE:688472) 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.
CSI Solar Co Net Margin % Related Terms
CSI Solar Co Net Margin % Historical Data
* Premium members only.
The historical data trend for CSI Solar Co'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.
SHSE:688472 vs FSLR, NXT, ENPH: Net Margin % Comparison
For the Solar subindustry, CSI Solar Co'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.
CSI Solar Co Net Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, CSI Solar Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where CSI Solar Co'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.
CSI Solar Co (SHSE:688472) has a Net Margin % of 7.29% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on CSI Solar Co and its competitors. This is 35% above median its historical median of 5.42. Over the past decade, CSI Solar Co's Net Margin % has ranged from 0.12 to 8.09. According to the industry distribution chart, CSI Solar Co ranks #525 out of 1023 companies in the Semiconductors industry, placing it in the top 51.3%.
Is CSI Solar Co's Net Margin % too high?
CSI Solar Co's current Net Margin % of 7.29% is 35% above median its 10-year median of 5.42. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 8.09. The Semiconductors industry median Net Margin % is 4.27. CSI Solar Co's value of 7.29% is 70.7% above this industry median. Based on the distribution chart, CSI Solar Co ranks #525 out of 1023 companies in the Semiconductors industry, which is below the industry midpoint. Overall, CSI Solar Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSI Solar Co's Net Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, CSI Solar Co ranks #525 out of 1023 companies for Net Margin %. This places CSI Solar Co in the lower half of its industry. The industry median Net Margin % is 4.27. CSI Solar Co's value of 7.29% is 70.7% above this benchmark. Historically, CSI Solar Co's own Net Margin % has ranged from 0.12 to 8.09 over the past decade. While the company's 10-year median is 5.42 vs. the industry median of 4.27, CSI Solar Co 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 Semiconductors company?
The median Net Margin % among Semiconductors companies is 4.27, based on 1,023 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. CSI Solar Co's current Net Margin % of 7.29% is 70.7% 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 CSI Solar Co and its competitors. For the Semiconductors industry, the median Net Margin % is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSI Solar Co's current Net Margin % is 7.29%, which is 35% above median its own 10-year median of 5.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSI Solar Co stock overvalued right now?
Based on GuruFocus' analysis, CSI Solar Co (SHSE:688472) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.09, compared to a current price of ¥9.30 — trading 2.3% above its estimated fair value. The current Net Margin % is 7.29%, which is 35% above median its 10-year median of 5.42 and 70.7% above the Semiconductors industry median of 4.27. CSI Solar Co's overall GF Score™ is 83/100 with 7 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 CSI Solar Co (SHSE:688472), the current Net Margin % is 7.29% 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 CSI Solar Co (SHSE:688472) Overvalued in 2026?
Based on GuruFocus' analysis, CSI Solar Co stock appears to be overvalued.
The current stock price of ¥9.30 is trading 2.3% above its estimated GF Value™ of ¥9.09.
GuruFocus considers CSI Solar Co to be Fairly Valued.
Key valuation signals for SHSE:688472:
Net Margin %: 7.29% (35% above median its 10-year median of 5.42)
GF Value™: ¥9.09 vs. price of ¥9.30 (2.3% above fair value)
Industry Position: 70.7% above the Semiconductors median (#525 of 1023)
No single metric tells the full story. See the SHSE:688472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSI Solar is a leading Chinese solar module producer. The company's products are available in over 160 countries and regions. CSI operates a vertically integrated production process, encompassing solar wafers, cells, and module production.
83GF Score
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