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MX OnXKRX:347890 +0.92%76 Operating Margin % is 1.39% as of Mar. 2026, which is 94% below its 10-year median of 25.01. GuruFocus rates XKRX:347890 with a GF Score™ of 76/100 and a GF Value™ of ₩16,701.31 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,475 Hardware companies, MX On ranks worse than 79.39% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. MX On's Operating Income for the
three
months ended in Mar. 2026 was ₩502 Mil. MX On's Revenue for the
three
months ended in Mar. 2026 was ₩36,035 Mil. Therefore, MX On's Operating Margin % for the quarter that ended in Mar. 2026 was 1.39%.
The historical rank and industry rank for MX On's Operating Margin % or its related term are showing as below:
XKRX:347890'
s Operating Margin % Range Over the Past 10 Years
Min: -9.36 Med: 25.01 Max: 32.58
Current: -7.25
XKRX:347890's Operating Margin % is ranked worse than 79.39% of 2475
companies
in the Hardware industry
Industry Median: 3.84
vs XKRX:347890: -7.25
MX On's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
MX On's Operating Income for the
three
months ended in Mar. 2026 was ₩502 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₩-6,464 Mil.
MX On (XKRX:347890) 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.
MX On Operating Margin % Related Terms
MX On Operating Margin % Historical Data
* Premium members only.
The historical data trend for MX On'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.
XKRX:347890 vs SNDK, DELL, STX: Operating Margin % Comparison
For the Computer Hardware subindustry, MX On'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.
MX On Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, MX On's Operating Margin % distribution charts can be found below:
* The bar in red indicates where MX On'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.
MX On'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.
MX On (XKRX:347890) has a Operating Margin % of 1.39% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on MX On and its competitors. This is 94% below median its historical median of 25.01. According to the industry distribution chart, MX On ranks #1965 out of 2475 companies in the Hardware industry, placing it in the top 79.4%.
Is MX On's Operating Margin % too high?
MX On's current Operating Margin % of 1.39% is 94% below median its 10-year median of 25.01. The Hardware industry median Operating Margin % is 3.84. MX On's value of 1.39% is 63.8% below this industry median. Based on the distribution chart, MX On ranks #1965 out of 2475 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, MX On has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MX On's Operating Margin % compare to SNDK and DELL?
According to the Hardware industry distribution chart, MX On ranks #1965 out of 2475 companies for Operating Margin %. This places MX On in the lower half of its industry. The industry median Operating Margin % is 3.84. MX On's value of 1.39% is 63.8% below this benchmark. While the company's 10-year median is 25.01 vs. the industry median of 3.84, MX On has consistently been below 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 3.84, based on 2,475 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. MX On's current Operating Margin % of 1.39% is 63.8% below 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 MX On and its competitors. For the Hardware industry, the median Operating Margin % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MX On's current Operating Margin % is 1.39%, which is 94% below median its own 10-year median of 25.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MX On stock overvalued right now?
Based on GuruFocus' analysis, MX On (XKRX:347890) is currently considered Possible Value Trap. The stock's GF Value™ is ₩16,701.31, compared to a current price of ₩4,370.00 — trading 73.8% below its estimated fair value. The current Operating Margin % is 1.39%, which is 94% below median its 10-year median of 25.01 and 63.8% below the Hardware industry median of 3.84. MX On's overall GF Score™ is 76/100 with 6 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 MX On (XKRX:347890), the current Operating Margin % is 1.39% as of Mar. 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 MX On (XKRX:347890) Overvalued in 2026?
Based on GuruFocus' analysis, MX On stock appears to be undervalued.
The current stock price of ₩4,370.00 is trading 73.8% below its estimated GF Value™ of ₩16,701.31.
GuruFocus considers MX On to be Possible Value Trap.
Key valuation signals for XKRX:347890:
Operating Margin %: 1.39% (94% below median its 10-year median of 25.01)
GF Value™: ₩16,701.31 vs. price of ₩4,370.00 (73.8% below fair value)
Industry Position: 63.8% below the Hardware median (#1965 of 2475)
No single metric tells the full story. See the XKRX:347890 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MX On Corp, formerly known as M2I Corp, is engaged in the manufacturing and export of HMI systems for industrial automation applications and other applications such as the information service system and building automation system. The company also provides smart SCADA (Supervisory Control And Data Acquisition), and smart factory solutions, which are essential components for building smart factories.
76GF Score
Get the complete analysis for XKRX:347890
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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