KYE Systems (TPE:2365) Operating Margin %: 3.93% (As of Dec. 2025) — 85% Above Median


TPE:2365 KYE Systems Corp TPE:2365
75 GF Score
Price NT$34.20
GF Value NT$35.42
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is KYE Systems Operating Margin %?

KYE Systems TPE:2365 -2.43% 75 Operating Margin % is 3.93% as of Dec. 2025, which is 85% above its 10-year median of 2.12. GuruFocus rates TPE:2365 with a GF Score™ of 75/100 and a GF Value™ of NT$35.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,471 Hardware companies, KYE Systems ranks better than 62.48% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. KYE Systems's Operating Income for the three months ended in Dec. 2025 was NT$9.6 Mil. KYE Systems's Revenue for the three months ended in Dec. 2025 was NT$244.9 Mil. Therefore, KYE Systems's Operating Margin % for the quarter that ended in Dec. 2025 was 3.93%.

Good Sign:

KYE Systems Corp operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for KYE Systems's Operating Margin % or its related term are showing as below:

TPE:2365' s Operating Margin % Range Over the Past 10 Years
Min: -4.48   Med: 2.12   Max: 9.31
Current: 6.19


TPE:2365's Operating Margin % is ranked better than
62.48% of 2471 companies
in the Hardware industry
Industry Median: 3.82 vs TPE:2365: 6.19

KYE Systems's 5-Year Average Operating Margin % Growth Rate was 0.80% per year.

KYE Systems's Operating Income for the three months ended in Dec. 2025 was NT$9.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$59.4 Mil.


KYE Systems  (TPE:2365) 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 Nokia’s 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.


KYE Systems Operating Margin % Related Terms


KYE Systems Operating Margin % Historical Data

* Premium members only.

The historical data trend for KYE Systems'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.

KYE Systems Operating Margin % Chart

KYE Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.35 1.03 0.90 7.56 6.19

KYE Systems Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Operating 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 2.21 3.00 6.71 10.97 3.93

TPE:2365 vs SNDK, DELL, STX: Operating Margin % Comparison

For the Computer Hardware subindustry, KYE Systems'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.


KYE Systems Operating Margin % vs Hardware Industry

For the Hardware industry and Technology sector, KYE Systems's Operating Margin % distribution charts can be found below:

* The bar in red indicates where KYE Systems's Operating Margin % falls into.


TPE:2365
75GF Score
KYE Systems Corp TPE:2365
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KYE Systems Operating Margin % Calculation

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.

KYE Systems's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=59.401 / 959.364
=6.19 %

KYE Systems's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=9.612 / 244.856
=3.93 %

* 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 Operating Margin % →
What does a Operating Margin % of 3.93% mean?
KYE Systems (TPE:2365) has a Operating Margin % of 3.93% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on KYE Systems and its competitors. This is 85% above median its historical median of 2.12. According to the industry distribution chart, KYE Systems ranks #927 out of 2471 companies in the Hardware industry, placing it in the top 37.5%.
Is KYE Systems' Operating Margin % too high?
KYE Systems' current Operating Margin % of 3.93% is 85% above median its 10-year median of 2.12. The Hardware industry median Operating Margin % is 3.82. KYE Systems' value of 3.93% is 2.9% above this industry median. Based on the distribution chart, KYE Systems ranks #927 out of 2471 companies in the Hardware industry, which is above the industry midpoint. Overall, KYE Systems has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KYE Systems' Operating Margin % compare to SNDK and DELL?
According to the Hardware industry distribution chart, KYE Systems ranks #927 out of 2471 companies for Operating Margin %. This puts KYE Systems in the upper half of its industry. The industry median Operating Margin % is 3.82. KYE Systems' value of 3.93% is 2.9% above this benchmark. While the company's 10-year median is 2.12 vs. the industry median of 3.82, KYE Systems 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.82, based on 2,471 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. KYE Systems's current Operating Margin % of 3.93% is 2.9% 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 KYE Systems and its competitors. For the Hardware industry, the median Operating Margin % is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KYE Systems's current Operating Margin % is 3.93%, which is 85% above median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KYE Systems stock overvalued right now?
Based on GuruFocus' analysis, KYE Systems (TPE:2365) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.42, compared to a current price of NT$34.20 — trading 3.4% below its estimated fair value. The current Operating Margin % is 3.93%, which is 85% above median its 10-year median of 2.12 and 2.9% above the Hardware industry median of 3.82. KYE Systems' overall GF Score™ is 75/100 with 3 warning signs to review. 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 KYE Systems (TPE:2365), the current Operating Margin % is 3.93% 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 KYE Systems (TPE:2365) Overvalued in 2026?

Based on GuruFocus' analysis, KYE Systems stock appears to be undervalued. The current stock price of NT$34.20 is trading 3.4% below its estimated GF Value™ of NT$35.42. GuruFocus considers KYE Systems to be Fairly Valued.

Key valuation signals for TPE:2365:

  • Operating Margin %: 3.93% (85% above median its 10-year median of 2.12)
  • GF Value™: NT$35.42 vs. price of NT$34.20 (3.4% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 2.9% above the Hardware median (#927 of 2471)

No single metric tells the full story. See the TPE:2365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KYE Systems Business Description

Address Number 492, Chongxin Road, 1st-8th Floor, Section 5, Sanchong District, New Taipei City, TWN, 24160
KYE Systems Corp is a Taiwan-based company mainly engaged in the manufacturing, processing and trading of computer peripheral products such as computer mice, keyboards, video image products such as network and security cameras, and consumer electronic products such as headphone speakers and game console peripherals. The operating segments of the company are Electronic Products and Others. The majority of revenue is derived from the Electronic Products segment. Geographically, the company operates in Asia, America, Europe and Taiwan. The maximum revenue is generated from America.
75GF Score

Get the complete analysis for TPE:2365

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

NT$34.20
Price
NT$35.42
GF Value