Ray Go Solar Holdings Bhd (XKLS:03052) Operating Margin %: 6.56% (As of Apr. 2026) — Near Median


XKLS:03052 Ray Go Solar Holdings Bhd XKLS:03052
43 GF Score
Price RM0.17
GF Value RM0.24
! 7 Warning Signs
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What is Ray Go Solar Holdings Bhd Operating Margin %?

Ray Go Solar Holdings Bhd XKLS:03052 43 Operating Margin % is 6.56% as of Apr. 2026, which is 7% below its 10-year median of 7.04. GuruFocus rates XKLS:03052 with a GF Score™ of 43/100 and a GF Value™ of RM0.24. The stock has 7 warning signs investors should review.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ray Go Solar Holdings Bhd's Operating Income for the six months ended in Apr. 2026 was RM0.88 Mil. Ray Go Solar Holdings Bhd's Revenue for the six months ended in Apr. 2026 was RM13.44 Mil. Therefore, Ray Go Solar Holdings Bhd's Operating Margin % for the quarter that ended in Apr. 2026 was 6.56%.

The historical rank and industry rank for Ray Go Solar Holdings Bhd's Operating Margin % or its related term are showing as below:

XKLS:03052' s Operating Margin % Range Over the Past 10 Years
Min: -23.3   Med: 7.04   Max: 17.91
Current: 5.31


XKLS:03052's Operating Margin % is not ranked
in the Semiconductors industry.
Industry Median: 5.24 vs XKLS:03052: 5.31

Ray Go Solar Holdings Bhd's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Ray Go Solar Holdings Bhd's Operating Income for the six months ended in Apr. 2026 was RM0.88 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was RM1.83 Mil.


Ray Go Solar Holdings Bhd  (XKLS:03052) 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.


Ray Go Solar Holdings Bhd Operating Margin % Related Terms


Ray Go Solar Holdings Bhd Operating Margin % Historical Data

* Premium members only.

The historical data trend for Ray Go Solar Holdings Bhd'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.

Ray Go Solar Holdings Bhd Operating Margin % Chart

Ray Go Solar Holdings Bhd Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Operating Margin %
Get a 7-Day Free Trial 17.91 -23.30 1.02 7.04 4.14

Ray Go Solar Holdings Bhd Semi-Annual Data
Oct19 Oct20 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 6.47 7.57 3.31 4.51 6.56

XKLS:03052 vs FSLR, NXT, ENPH: Operating Margin % Comparison

For the Solar subindustry, Ray Go Solar Holdings Bhd'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.


Ray Go Solar Holdings Bhd Operating Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Ray Go Solar Holdings Bhd's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Ray Go Solar Holdings Bhd's Operating Margin % falls into.


XKLS:03052
43GF Score
Ray Go Solar Holdings Bhd XKLS:03052
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ray Go Solar Holdings Bhd 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.

Ray Go Solar Holdings Bhd's Operating Margin % for the fiscal year that ended in Oct. 2025 is calculated as

Operating Margin %=Operating Income (A: Oct. 2025 ) / Revenue (A: Oct. 2025 )
=1.269 / 30.686
=4.14 %

Ray Go Solar Holdings Bhd's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as

Operating Margin %=Operating Income (Q: Apr. 2026 ) / Revenue (Q: Apr. 2026 )
=0.882 / 13.444
=6.56 %

* 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 6.56% mean?
Ray Go Solar Holdings Bhd (XKLS:03052) has a Operating Margin % of 6.56% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ray Go Solar Holdings Bhd and its competitors. This is near median its historical median of 7.04.
Is Ray Go Solar Holdings Bhd's Operating Margin % too high?
Ray Go Solar Holdings Bhd's current Operating Margin % of 6.56% is near median its 10-year median of 7.04. The Semiconductors industry median Operating Margin % is 5.24. Ray Go Solar Holdings Bhd's value of 6.56% is 25.2% above this industry median. Overall, Ray Go Solar Holdings Bhd has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Ray Go Solar Holdings Bhd's Operating Margin % compare to FSLR and NXT?
Ray Go Solar Holdings Bhd's Operating Margin % of 6.56% can be compared against companies in the Semiconductors industry. The industry median Operating Margin % is 5.24. Ray Go Solar Holdings Bhd's value of 6.56% is 25.2% above this benchmark. While the company's 10-year median is 7.04 vs. the industry median of 5.24, Ray Go Solar Holdings Bhd 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 5.24, based on 1,021 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. Ray Go Solar Holdings Bhd's current Operating Margin % of 6.56% is 25.2% 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 Ray Go Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Go Solar Holdings Bhd's current Operating Margin % is 6.56%, which is near median its own 10-year median of 7.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Go Solar Holdings Bhd stock overvalued right now?
Ray Go Solar Holdings Bhd (XKLS:03052) has a current Operating Margin % of 6.56%. The stock's GF Value™ is RM0.24, compared to a current price of RM0.17 — trading 29.2% below its estimated fair value. The current Operating Margin % is 6.56%, which is near median its 10-year median of 7.04 and 25.2% above the Semiconductors industry median of 5.24. Ray Go Solar Holdings Bhd's overall GF Score™ is 43/100 with 7 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 Ray Go Solar Holdings Bhd (XKLS:03052), the current Operating Margin % is 6.56% as of Apr. 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 Go Solar Holdings Bhd (XKLS:03052) Overvalued in 2026?

Based on GuruFocus' analysis, Ray Go Solar Holdings Bhd stock appears to be undervalued. The current stock price of RM0.17 is trading 29.2% below its estimated GF Value™ of RM0.24.

Key valuation signals for XKLS:03052:

  • Operating Margin %: 6.56% (near median its 10-year median of 7.04)
  • GF Value™: RM0.24 vs. price of RM0.17 (29.2% below fair value)
  • GF Score™: 43/100 with 7 warning signs
  • Industry Position: 25.2% above the Semiconductors median

No single metric tells the full story. See the XKLS:03052 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ray Go Solar Holdings Bhd Business Description

Address No. 44, Jalan Serendah 26/39, Hicom Industrial Estate, Shah Alam, SGR, MYS, 40400
Ray Go Solar Holdings Bhd is a solar engineering procurement construction (EPC) company providing integrated solar services throughout the entire process of installing a photovoltaic (PV) system. Its business segments include Sales of energy generated from solar projects; and Engineering, Procurement, Construction, and Commissions (EPCC) in solar projects; and operations and maintenance for solar projects. Maximum revenue for the company is derived from its EPCC segment. Geographically, it operates only in Malaysia.
43GF Score

Get the complete analysis for XKLS:03052

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

RM0.17
Price
RM0.24
GF Value