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Global TestingSGX:AYN 78 Operating Margin % is 8.82% as of Dec. 2025, which is 16% below its 10-year median of 10.53. GuruFocus rates SGX:AYN with a GF Score™ of 78/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 1,022 Semiconductors companies, Global Testing ranks better than 64.09% on this metric.
Global Testing (SGX:AYN) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Global Testing Operating Margin % Related Terms
Global Testing Operating Margin % Historical Data
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The historical data trend for Global Testing's Operating 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.
SGX:AYN vs AMAT, LRCX, KLAC: Operating Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, Global Testing's Operating Margin %, along with its competitors' market caps and Operating 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.
Global Testing Operating Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Global Testing's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Global Testing's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Global Testing (SGX:AYN) has a Operating Margin % of 8.82% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Global Testing and its competitors. This is 16% below median its historical median of 10.53. According to the industry distribution chart, Global Testing ranks #367 out of 1022 companies in the Semiconductors industry, placing it in the top 35.9%.
Is Global Testing's Operating Margin % too high?
Global Testing's current Operating Margin % of 8.82% is 16% below median its 10-year median of 10.53. The Semiconductors industry median Operating Margin % is 5.63. Global Testing's value of 8.82% is 56.8% above this industry median. Based on the distribution chart, Global Testing ranks #367 out of 1022 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Operating Margin % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #367 out of 1022 companies for Operating Margin %. This puts Global Testing in the upper half of its industry. The industry median Operating Margin % is 5.63. Global Testing's value of 8.82% is 56.8% above this benchmark. While the company's 10-year median is 10.53 vs. the industry median of 5.63, Global Testing 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 Operating Margin % for a Semiconductors company?
The median Operating Margin % among Semiconductors companies is 5.63, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Global Testing's current Operating Margin % of 8.82% is 56.8% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Global Testing and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current Operating Margin % is 8.82%, which is 16% below median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current Operating Margin % is 8.82%, which is 16% below median its 10-year median of 10.53 and 56.8% above the Semiconductors industry median of 5.63. Global Testing's overall GF Score™ is 78/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Global Testing (SGX:AYN), the current Operating Margin % is 8.82% as of Dec. 2025. 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 Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be undervalued.
The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
Operating Margin %: 8.82% (16% below median its 10-year median of 10.53)
GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
Industry Position: 56.8% above the Semiconductors median (#367 of 1022)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score
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