Ray (TSE:4317) Total Operating Expense: 円3,219 Mil (TTM As of Feb. 2026)

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TSE:4317 Ray Corp TSE:4317
66 GF Score
Price 円539.00
GF Value 円406.59
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Ray Total Operating Expense?

Ray TSE:4317 +0.94% 66 Total Operating Expense is 円3,219 Mil as of Feb. 2026. GuruFocus rates TSE:4317 with a GF Score™ of 66/100 and a GF Value™ of 円406.59 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Ray's Total Operating Expense for the three months ended in Feb. 2026 was 円848 Mil. Ray's Total Operating Expense for the trailing twelve months (TTM) ended in Feb. 2026 was 円3,219 Mil.

Ray Total Operating Expense Related Terms

Ray Total Operating Expense Historical Data

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The historical data trend for Ray's Total Operating Expense 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 Total Operating Expense Chart

Ray Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,721.59 2,751.44 2,636.25 2,625.11 3,185.11

Ray Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
Total Operating Expense 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 772.65 757.45 807.43 847.59 806.33
TSE:4317
66GF Score
Ray Corp TSE:4317
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Ray Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円3,219 Mil.

* 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.

What does a Total Operating Expense of 円3,219 Mil mean?
Ray (TSE:4317) has a Total Operating Expense of 円3,219 Mil as of Feb. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Ray and its competitors.
Is Ray's Total Operating Expense too high?
Ray's current Total Operating Expense is 円3,219 Mil. Overall, Ray has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ray's Total Operating Expense compare to NFLX and DIS?
Ray's Total Operating Expense of 円3,219 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Media - Diversified company?
A good Total Operating Expense depends on the Media - Diversified industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Ray and its competitors. Ray's current Total Operating Expense is 円3,219 Mil. 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 Significantly Overvalued. The stock's GF Value™ is 円406.59, compared to a current price of 円539.00 — trading 32.6% above its estimated fair value. The current Total Operating Expense is 円3,219 Mil. Ray's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Ray (TSE:4317), the current Total Operating Expense is 円3,219 Mil 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 overvalued. The current stock price of 円539.00 is trading 32.6% above its estimated GF Value™ of 円406.59. GuruFocus considers Ray to be Significantly Overvalued.

Key valuation signals for TSE:4317:

  • Total Operating Expense: 円3,219 Mil
  • GF Value™: 円406.59 vs. price of 円539.00 (32.6% above fair value)
  • GF Score™: 66/100 with 2 warning signs

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.
66GF Score

Get the complete analysis for TSE:4317

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

円539.00
Price
円406.59
GF Value