Aristocrat LeisureASX:ALL +2.40%93 Gross Margin % is 61.33% as of Mar. 2026, which is 10% above its 10-year median of 55.97. GuruFocus rates ASX:ALL with a GF Score™ of 93/100 and a GF Value™ of A$53.17 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 793 Travel & Leisure companies, Aristocrat Leisure ranks better than 71.63% on this metric.
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
Aristocrat Leisure had a gross margin of 61.33% 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.
Aristocrat Leisure Gross Margin % Related Terms
Aristocrat Leisure Gross Margin % Historical Data
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The historical data trend for Aristocrat Leisure'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.
ASX:ALL vs FLUT, DKNG, LNWO: Gross Margin % Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure'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.
Aristocrat Leisure (ASX:ALL) has a Gross Margin % of 61.33% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Aristocrat Leisure and its competitors. This is 10% above median its historical median of 55.97. Over the past decade, Aristocrat Leisure's Gross Margin % has ranged from 47.27 to 60.94. According to the industry distribution chart, Aristocrat Leisure ranks #225 out of 793 companies in the Travel & Leisure industry, placing it in the top 28.4%.
Is Aristocrat Leisure's Gross Margin % too high?
Aristocrat Leisure's current Gross Margin % of 61.33% is 10% above median its 10-year median of 55.97. Over the past 10 years, this metric has ranged from a low of 47.27 to a high of 60.94. The Travel & Leisure industry median Gross Margin % is 44.02. Aristocrat Leisure's value of 61.33% is 39.3% above this industry median. Based on the distribution chart, Aristocrat Leisure ranks #225 out of 793 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Aristocrat Leisure has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's Gross Margin % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #225 out of 793 companies for Gross Margin %. This puts Aristocrat Leisure in the upper half of its industry. The industry median Gross Margin % is 44.02. Aristocrat Leisure's value of 61.33% is 39.3% above this benchmark. Historically, Aristocrat Leisure's own Gross Margin % has ranged from 47.27 to 60.94 over the past decade. While the company's 10-year median is 55.97 vs. the industry median of 44.02, Aristocrat Leisure 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 44.02, based on 793 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. Aristocrat Leisure's current Gross Margin % of 61.33% is 39.3% 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 Aristocrat Leisure and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 44.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current Gross Margin % is 61.33%, which is 10% above median its own 10-year median of 55.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Based on GuruFocus' analysis, Aristocrat Leisure (ASX:ALL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$53.17, compared to a current price of A$59.38 — trading 11.7% above its estimated fair value. The current Gross Margin % is 61.33%, which is 10% above median its 10-year median of 55.97 and 39.3% above the Travel & Leisure industry median of 44.02. Aristocrat Leisure's overall GF Score™ is 93/100 with 1 warning sign 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 Aristocrat Leisure (ASX:ALL), the current Gross Margin % is 61.33% 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 Aristocrat Leisure (ASX:ALL) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of A$59.38 is trading 11.7% above its estimated GF Value™ of A$53.17.
GuruFocus considers Aristocrat Leisure to be Modestly Overvalued.
Key valuation signals for ASX:ALL:
Gross Margin %: 61.33% (10% above median its 10-year median of 55.97)
GF Value™: A$53.17 vs. price of A$59.38 (11.7% above fair value)
Industry Position: 39.3% above the Travel & Leisure median (#225 of 793)
No single metric tells the full story. See the ASX:ALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
93GF Score
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