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DawnTSE:2303 -0.08%83 Net Margin % is 34.12% as of Feb. 2026, which is 54% above its 10-year median of 22.22. GuruFocus rates TSE:2303 with a GF Score™ of 83/100 and a GF Value™ of 円1,338.46 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,834 Software companies, Dawn ranks better than 94.42% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Dawn's Net Income for the
three
months ended in Feb. 2026 was 円151 Mil. Dawn's Revenue for the
three
months ended in Feb. 2026 was 円444 Mil. Therefore, Dawn's net margin for the quarter that ended in Feb. 2026 was 34.12%.
The historical rank and industry rank for Dawn's Net Margin % or its related term are showing as below:
TSE:2303'
s Net Margin % Range Over the Past 10 Years
Min: 11.39 Med: 22.22 Max: 27.19
Current: 27.19
TSE:2303's Net Margin % is ranked better than 94.42% of 2834
companies
in the Software industry
Industry Median: 2.705
vs TSE:2303: 27.19
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.
Dawn Net Margin % Related Terms
Dawn Net Margin % Historical Data
* Premium members only.
The historical data trend for Dawn'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.
TSE:2303 vs QH, SHOP, UBER: Net Margin % Comparison
For the Software - Application subindustry, Dawn'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.
Dawn Net Margin % vs Software Industry
For the Software industry and Technology sector, Dawn's Net Margin % distribution charts can be found below:
* The bar in red indicates where Dawn'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.
Dawn (TSE:2303) has a Net Margin % of 34.12% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Dawn and its competitors. This is 54% above median its historical median of 22.22. Over the past decade, Dawn's Net Margin % has ranged from 11.39 to 27.19. According to the industry distribution chart, Dawn ranks #158 out of 2834 companies in the Software industry, placing it in the top 5.6%.
Is Dawn's Net Margin % too high?
Dawn's current Net Margin % of 34.12% is 54% above median its 10-year median of 22.22. Over the past 10 years, this metric has ranged from a low of 11.39 to a high of 27.19. The Software industry median Net Margin % is 2.71. Dawn's value of 34.12% is 1161.4% above this industry median. Based on the distribution chart, Dawn ranks #158 out of 2834 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dawn has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dawn's Net Margin % compare to QH and SHOP?
According to the Software industry distribution chart, Dawn ranks #158 out of 2834 companies for Net Margin %. This places Dawn in the top 6% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.71. Dawn's value of 34.12% is 1161.4% above this benchmark. Historically, Dawn's own Net Margin % has ranged from 11.39 to 27.19 over the past decade. While the company's 10-year median is 22.22 vs. the industry median of 2.71, Dawn 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 Software company?
The median Net Margin % among Software companies is 2.71, based on 2,834 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. Dawn's current Net Margin % of 34.12% is 1161.4% 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 Dawn and its competitors. For the Software industry, the median Net Margin % is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dawn's current Net Margin % is 34.12%, which is 54% above median its own 10-year median of 22.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dawn stock overvalued right now?
Based on GuruFocus' analysis, Dawn (TSE:2303) is currently considered Fairly Valued. The stock's GF Value™ is 円1,338.46, compared to a current price of 円1,318.00 — trading 1.5% below its estimated fair value. The current Net Margin % is 34.12%, which is 54% above median its 10-year median of 22.22 and 1161.4% above the Software industry median of 2.71. Dawn's overall GF Score™ is 83/100 with 1 warning sign 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 Dawn (TSE:2303), the current Net Margin % is 34.12% as of Feb. 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 Dawn (TSE:2303) Overvalued in 2026?
Based on GuruFocus' analysis, Dawn stock appears to be undervalued.
The current stock price of 円1,318.00 is trading 1.5% below its estimated GF Value™ of 円1,338.46.
GuruFocus considers Dawn to be Fairly Valued.
Key valuation signals for TSE:2303:
Net Margin %: 34.12% (54% above median its 10-year median of 22.22)
GF Value™: 円1,338.46 vs. price of 円1,318.00 (1.5% below fair value)
Industry Position: 1161.4% above the Software median (#158 of 2834)
No single metric tells the full story. See the TSE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dawn Corp is engaged in service building services such as FAQ Q and A location information service ASP, GPS map, GIS application development consulting contract research and development and sales of core GIS engine. It is a research and development company specialized in geographic information systems. Its system is used in the security and security of disaster prevention areas such as local governments, the crime prevention area for disaster prevention and the social infrastructure area of private enterprises.
83GF Score
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