Bega CheeseASX:BGA 73 Gross Margin % is 22.17% as of Dec. 2025, which is 11% above its 10-year median of 19.94. GuruFocus rates ASX:BGA with a GF Score™ of 73/100 and a GF Value™ of A$4.83 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,902 Consumer Packaged Goods companies, Bega Cheese ranks worse than 61.88% on this metric.
The historical rank and industry rank for Bega Cheese's Gross Margin % or its related term are showing as below:
ASX:BGA'
s Gross Margin % Range Over the Past 10 Years
Min: 12.82 Med: 19.94 Max: 23.12
Current: 21.08
During the past 13 years, the highestGross Margin % of Bega Cheese was 23.12%. The lowest was 12.82%. And the median was 19.94%.
ASX:BGA's Gross Margin % is ranked worse than 61.88% of 1902
companies
in the Consumer Packaged Goods industry
Industry Median: 26.37
vs ASX:BGA: 21.08
Bega Cheese had a gross margin of 22.17% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Bega Cheese was -0.70% per year.
Bega Cheese (ASX:BGA) 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
Bega Cheese had a gross margin of 22.17% for the quarter that ended in Dec. 2025 => Competition eroding margins
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.
Bega Cheese Gross Margin % Related Terms
Bega Cheese Gross Margin % Historical Data
* Premium members only.
The historical data trend for Bega Cheese'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.
For the Packaged Foods subindustry, Bega Cheese'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.
Bega Cheese Gross Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bega Cheese's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bega Cheese'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.
Bega Cheese (ASX:BGA) has a Gross Margin % of 22.17% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Bega Cheese and its competitors. This is 11% above median its historical median of 19.94. Over the past decade, Bega Cheese's Gross Margin % has ranged from 12.82 to 23.12. According to the industry distribution chart, Bega Cheese ranks #1177 out of 1902 companies in the Consumer Packaged Goods industry, placing it in the top 61.9%.
Is Bega Cheese's Gross Margin % too high?
Bega Cheese's current Gross Margin % of 22.17% is 11% above median its 10-year median of 19.94. Over the past 10 years, this metric has ranged from a low of 12.82 to a high of 23.12. The Consumer Packaged Goods industry median Gross Margin % is 26.37. Bega Cheese's value of 22.17% is 15.9% below this industry median. Based on the distribution chart, Bega Cheese ranks #1177 out of 1902 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Bega Cheese has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bega Cheese's Gross Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Bega Cheese ranks #1177 out of 1902 companies for Gross Margin %. This places Bega Cheese in the lower half of its industry. The industry median Gross Margin % is 26.37. Bega Cheese's value of 22.17% is 15.9% below this benchmark. Historically, Bega Cheese's own Gross Margin % has ranged from 12.82 to 23.12 over the past decade. While the company's 10-year median is 19.94 vs. the industry median of 26.37, Bega Cheese 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 Gross Margin % for a Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.37, based on 1,902 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. Bega Cheese's current Gross Margin % of 22.17% is 15.9% 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 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 Bega Cheese and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bega Cheese's current Gross Margin % is 22.17%, which is 11% above median its own 10-year median of 19.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bega Cheese stock overvalued right now?
Based on GuruFocus' analysis, Bega Cheese (ASX:BGA) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.83, compared to a current price of A$5.79 — trading 19.9% above its estimated fair value. The current Gross Margin % is 22.17%, which is 11% above median its 10-year median of 19.94 and 15.9% below the Consumer Packaged Goods industry median of 26.37. Bega Cheese's overall GF Score™ is 73/100 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 Bega Cheese (ASX:BGA), the current Gross Margin % is 22.17% 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 Bega Cheese (ASX:BGA) Overvalued in 2026?
Based on GuruFocus' analysis, Bega Cheese stock appears to be overvalued.
The current stock price of A$5.79 is trading 19.9% above its estimated GF Value™ of A$4.83.
GuruFocus considers Bega Cheese to be Modestly Overvalued.
Key valuation signals for ASX:BGA:
Gross Margin %: 22.17% (11% above median its 10-year median of 19.94)
GF Value™: A$4.83 vs. price of A$5.79 (19.9% above fair value)
Industry Position: 15.9% below the Consumer Packaged Goods median (#1177 of 1902)
No single metric tells the full story. See the ASX:BGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: The branded segment produces consumer packaged goods primarily sold through the supermarket and foodservice channels, while the bulk segment produces commodity dairy ingredients primarily sold through the business-to-business channel.
73GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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