Ray (TSE:4317) OCF Margin %: 16.66% (As of Feb. 2026) — 47% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4317 Ray Corp TSE:4317
79 GF Score
Price 円493.00
GF Value 円565.59
Valuation Modestly Undervalued
View Full Analysis

What is Ray OCF Margin %?

Ray TSE:4317 +1.65% 79 OCF Margin % is 16.66% as of Feb. 2026, which is 47% above its 10-year median of 11.37. GuruFocus rates TSE:4317 with a GF Score™ of 79/100 and a GF Value™ of 円565.59 (Modestly Undervalued). Among 1,006 Media - Diversified companies, Ray ranks better than 79.22% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Ray's Cash Flow from Operations for the six months ended in Feb. 2026 was 円1,262 Mil. Ray's Revenue for the six months ended in Feb. 2026 was 円7,574 Mil. Therefore, Ray's OCF Margin % for the quarter that ended in Feb. 2026 was 16.66%.

As of today, Ray's current OCF Yield % is 36.70%.

The historical rank and industry rank for Ray's OCF Margin % or its related term are showing as below:

TSE:4317' s OCF Margin % Range Over the Past 10 Years
Min: 4.67   Med: 11.37   Max: 17.45
Current: 17.45


During the past 13 years, the highest OCF Margin % of Ray was 17.45%. The lowest was 4.67%. And the median was 11.37%.

TSE:4317's OCF Margin % is ranked better than
79.22% of 1006 companies
in the Media - Diversified industry
Industry Median: 5.895 vs TSE:4317: 17.45


Ray OCF Margin % Related Terms


Ray OCF Margin % Historical Data

* Premium members only.

The historical data trend for Ray's OCF 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.

Ray OCF Margin % Chart

Ray Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.30 5.79 9.33 16.12 22.40

Ray Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.81 27.97 7.13 18.48 16.66

TSE:4317 vs NFLX, DIS, WBD: OCF Margin % Comparison

For the Entertainment subindustry, Ray's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ray's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Ray's OCF Margin % falls into.


TSE:4317
79GF Score
Ray Corp TSE:4317
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ray OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Ray's OCF Margin for the fiscal year that ended in Feb. 2026 is calculated as

OCF Margin=Cash Flow from Operations (A: Feb. 2026 )/Revenue (A: Feb. 2026 )
=2341.903/10456.954
=22.40 %

Ray's OCF Margin for the quarter that ended in Feb. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=1262.013/7574.023
=16.66 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 16.66% mean?
Ray (TSE:4317) has a OCF Margin % of 16.66% as of Feb. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Ray and its competitors. This is 47% above median its historical median of 11.37. Over the past decade, Ray's OCF Margin % has ranged from 4.67 to 17.45. According to the industry distribution chart, Ray ranks #209 out of 1006 companies in the Media - Diversified industry, placing it in the top 20.8%.
Is Ray's OCF Margin % too high?
Ray's current OCF Margin % of 16.66% is 47% above median its 10-year median of 11.37. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 17.45. The Media - Diversified industry median OCF Margin % is 5.90. Ray's value of 16.66% is 182.6% above this industry median. Based on the distribution chart, Ray ranks #209 out of 1006 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Ray has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ray's OCF Margin % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Ray ranks #209 out of 1006 companies for OCF Margin %. This places Ray in the top 21% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 5.90. Ray's value of 16.66% is 182.6% above this benchmark. Historically, Ray's own OCF Margin % has ranged from 4.67 to 17.45 over the past decade. While the company's 10-year median is 11.37 vs. the industry median of 5.90, Ray 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 OCF Margin % for a Media - Diversified company?
The median OCF Margin % among Media - Diversified companies is 5.90, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ray's current OCF Margin % of 16.66% is 182.6% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Ray and its competitors. For the Media - Diversified industry, the median OCF Margin % is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray's current OCF Margin % is 16.66%, which is 47% above median its own 10-year median of 11.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray stock overvalued right now?
Based on GuruFocus' analysis, Ray (TSE:4317) is currently considered Modestly Undervalued. The stock's GF Value™ is 円565.59, compared to a current price of 円493.00 — trading 12.8% below its estimated fair value. The current OCF Margin % is 16.66%, which is 47% above median its 10-year median of 11.37 and 182.6% above the Media - Diversified industry median of 5.90. Ray's overall GF Score™ is 79/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Ray (TSE:4317), the current OCF Margin % is 16.66% 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 Ray (TSE:4317) Overvalued in 2026?

Based on GuruFocus' analysis, Ray stock appears to be undervalued. The current stock price of 円493.00 is trading 12.8% below its estimated GF Value™ of 円565.59. GuruFocus considers Ray to be Modestly Undervalued.

Key valuation signals for TSE:4317:

  • OCF Margin %: 16.66% (47% above median its 10-year median of 11.37)
  • GF Value™: 円565.59 vs. price of 円493.00 (12.8% below fair value)
  • GF Score™: 79/100
  • Industry Position: 182.6% above the Media - Diversified median (#209 of 1006)

No single metric tells the full story. See the TSE:4317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ray Business Description

Address 6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032
Ray Corp is a Japan-based advertising company that operates in two business segments. The Advertising Solution segment has two divisions: the SP and event division, which handles planning and production of sales promotions, campaigns, expos, and showrooms; and the TVCM division, which creates TV commercials and promotional videos. The Technical Solution segment includes a video equipment rental division for events and business presentations, and a post-production division offering video editing, DVD/Blu-ray, and CG production services.
79GF Score

Get the complete analysis for TSE:4317

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円493.00
Price
円565.59
GF Value