ASICSASCCY +1.47%89 Gross Margin % is 54.58% as of Mar. 2026, which is 13% above its 10-year median of 48.50. GuruFocus rates ASCCY with a GF Score™ of 89/100 and a GF Value™ of $25.66 (Fairly Valued). Among 1,028 Manufacturing - Apparel & Accessories companies, ASICS ranks better than 84.34% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. ASICS's Gross Profit for the
three
months ended in Mar. 2026 was $930 Mil. ASICS's Revenue for the
three
months ended in Mar. 2026 was $1,703 Mil. Therefore, ASICS's Gross Margin % for the quarter that ended in Mar. 2026 was 54.58%.
The historical rank and industry rank for ASICS's Gross Margin % or its related term are showing as below:
ASCCY'
s Gross Margin % Range Over the Past 10 Years
Min: 44.23 Med: 48.5 Max: 56.8
Current: 56.35
During the past 13 years, the highestGross Margin % of ASICS was 56.80%. The lowest was 44.23%. And the median was 48.50%.
ASICS had a gross margin of 54.58% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for ASICS was 4.10% per year.
ASICS (OTCPK:ASCCY) 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
ASICS had a gross margin of 54.58% for the quarter that ended in Mar. 2026 => 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.
ASICS Gross Margin % Related Terms
ASICS Gross Margin % Historical Data
* Premium members only.
The historical data trend for ASICS's Gross 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.
ASCCY vs NKE, DECK, ONON: Gross Margin % Comparison
For the Footwear & Accessories subindustry, ASICS'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.
ASICS Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ASICS'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.
ASICS (ASCCY) has a Gross Margin % of 54.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ASICS and its competitors. This is 13% above median its historical median of 48.50. Over the past decade, ASICS's Gross Margin % has ranged from 44.23 to 56.80. According to the industry distribution chart, ASICS ranks #161 out of 1028 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.7%.
Is ASICS's Gross Margin % too high?
ASICS's current Gross Margin % of 54.58% is 13% above median its 10-year median of 48.50. Over the past 10 years, this metric has ranged from a low of 44.23 to a high of 56.80. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.39. ASICS's value of 54.58% is 92.3% above this industry median. Based on the distribution chart, ASICS ranks #161 out of 1028 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, ASICS has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ASICS's Gross Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, ASICS ranks #161 out of 1028 companies for Gross Margin %. This places ASICS in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.39. ASICS's value of 54.58% is 92.3% above this benchmark. Historically, ASICS's own Gross Margin % has ranged from 44.23 to 56.80 over the past decade. While the company's 10-year median is 48.50 vs. the industry median of 28.39, ASICS 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 a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.39, based on 1,028 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. ASICS's current Gross Margin % of 54.58% is 92.3% 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 ASICS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASICS's current Gross Margin % is 54.58%, which is 13% above median its own 10-year median of 48.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASICS stock overvalued right now?
Based on GuruFocus' analysis, ASICS (ASCCY) is currently considered Fairly Valued. The stock's GF Value™ is $25.66, compared to a current price of $26.15 — trading 1.9% above its estimated fair value. The current Gross Margin % is 54.58%, which is 13% above median its 10-year median of 48.50 and 92.3% above the Manufacturing - Apparel & Accessories industry median of 28.39. ASICS's overall GF Score™ is 89/100. 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 ASICS (ASCCY), the current Gross Margin % is 54.58% 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 ASICS (ASCCY) Overvalued in 2026?
Based on GuruFocus' analysis, ASICS stock appears to be overvalued.
The current stock price of $26.15 is trading 1.9% above its estimated GF Value™ of $25.66.
GuruFocus considers ASICS to be Fairly Valued.
Key valuation signals for ASCCY:
Gross Margin %: 54.58% (13% above median its 10-year median of 48.50)
GF Value™: $25.66 vs. price of $26.15 (1.9% above fair value)
Industry Position: 92.3% above the Manufacturing - Apparel & Accessories median (#161 of 1028)
No single metric tells the full story. See the ASCCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
89GF Score
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