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The National Investor Co (ADX:TNI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
The National Investor Co had a gross margin of 90.88% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
The National Investor Co Gross Margin % Related Terms
The National Investor Co Gross Margin % Historical Data
* 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.
ADX:TNI vs BLK, BX, KKR: Gross Margin % Comparison
For the Asset Management subindustry, The National Investor Co's Gross Margin %, along with its competitors' market caps and Gross 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.
The National Investor Co Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, The National Investor Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where The National Investor Co's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
The National Investor Co (ADX:TNI) has a Gross Margin % of 90.88% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on The National Investor Co and its competitors. This is 34% above median its historical median of 67.78. Over the past decade, The National Investor Co's Gross Margin % has ranged from 42.68 to 90.03.
Is The National Investor Co's Gross Margin % too high?
The National Investor Co's current Gross Margin % of 90.88% is 34% above median its 10-year median of 67.78. Over the past 10 years, this metric has ranged from a low of 42.68 to a high of 90.03. The Asset Management industry median Gross Margin % is 56.54. The National Investor Co's value of 90.88% is 60.7% above this industry median. Overall, The National Investor Co has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does The National Investor Co's Gross Margin % compare to BLK and BX?
The National Investor Co's Gross Margin % of 90.88% can be compared against companies in the Asset Management industry. The industry median Gross Margin % is 56.54. The National Investor Co's value of 90.88% is 60.7% above this benchmark. Historically, The National Investor Co's own Gross Margin % has ranged from 42.68 to 90.03 over the past decade. While the company's 10-year median is 67.78 vs. the industry median of 56.54, The National Investor Co 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 Gross Margin % for an Asset Management company?
The median Gross Margin % among Asset Management companies is 56.54, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The National Investor Co's current Gross Margin % of 90.88% is 60.7% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on The National Investor Co and its competitors. For the Asset Management industry, the median Gross Margin % is 56.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The National Investor Co's current Gross Margin % is 90.88%, which is 34% above median its own 10-year median of 67.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The National Investor Co stock overvalued right now?
The National Investor Co (ADX:TNI) has a current Gross Margin % of 90.88%. The stock's GF Value™ is د.إ0.94, compared to a current price of د.إ0.64 — trading 32% below its estimated fair value. The current Gross Margin % is 90.88%, which is 34% above median its 10-year median of 67.78 and 60.7% above the Asset Management industry median of 56.54. The National Investor Co's overall GF Score™ is 31/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For The National Investor Co (ADX:TNI), the current Gross Margin % is 90.88% 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 The National Investor Co (ADX:TNI) Overvalued in 2026?
Based on GuruFocus' analysis, The National Investor Co stock appears to be undervalued.
The current stock price of د.إ0.64 is trading 32% below its estimated GF Value™ of د.إ0.94.
Key valuation signals for ADX:TNI:
Gross Margin %: 90.88% (34% above median its 10-year median of 67.78)
GF Value™: د.إ0.94 vs. price of د.إ0.64 (32% below fair value)
Industry Position: 60.7% above the Asset Management median
No single metric tells the full story. See the ADX:TNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The National Investor Co and its subsidiaries are managed as an integrated investment and financial services company. The principal activities of the Group are private equity, real estate investment, and provision of consultancy, economic feasibility consultancy and studies, commercial agencies, and hospitality.
31GF Score
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