Black Pearl GroupASX:BPG +3.30%22 Gross Margin % is 77.72% as of Mar. 2026, which is 12% above its 10-year median of 69.57. GuruFocus rates ASX:BPG with a GF Score™ of 22/100 and a GF Value™ of A$1.57 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,680 Software companies, Black Pearl Group ranks better than 83.25% on this metric.
The historical rank and industry rank for Black Pearl Group's Gross Margin % or its related term are showing as below:
ASX:BPG'
s Gross Margin % Range Over the Past 10 Years
Min: 48.99 Med: 69.57 Max: 73.64
Current: 73.64
During the past 4 years, the highestGross Margin % of Black Pearl Group was 73.64%. The lowest was 48.99%. And the median was 69.57%.
ASX:BPG's Gross Margin % is ranked better than 83.25% of 2680
companies
in the Software industry
Industry Median: 40.445
vs ASX:BPG: 73.64
Black Pearl Group had a gross margin of 77.72% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Black Pearl Group was 0.00% per year.
Black Pearl Group (ASX:BPG) 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
Black Pearl Group had a gross margin of 77.72% 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.
Black Pearl Group Gross Margin % Related Terms
Black Pearl Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for Black Pearl Group'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:BPG vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Black Pearl Group'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.
Black Pearl Group Gross Margin % vs Software Industry
For the Software industry and Technology sector, Black Pearl Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Black Pearl Group'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.
Black Pearl Group (ASX:BPG) has a Gross Margin % of 77.72% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Black Pearl Group and its competitors. This is 12% above median its historical median of 69.57. Over the past decade, Black Pearl Group's Gross Margin % has ranged from 48.99 to 73.64. According to the industry distribution chart, Black Pearl Group ranks #449 out of 2680 companies in the Software industry, placing it in the top 16.8%.
Is Black Pearl Group's Gross Margin % too high?
Black Pearl Group's current Gross Margin % of 77.72% is 12% above median its 10-year median of 69.57. Over the past 10 years, this metric has ranged from a low of 48.99 to a high of 73.64. The Software industry median Gross Margin % is 40.45. Black Pearl Group's value of 77.72% is 92.2% above this industry median. Based on the distribution chart, Black Pearl Group ranks #449 out of 2680 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Black Pearl Group has a GF Score™ of 22/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Black Pearl Group's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Black Pearl Group ranks #449 out of 2680 companies for Gross Margin %. This places Black Pearl Group in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.45. Black Pearl Group's value of 77.72% is 92.2% above this benchmark. Historically, Black Pearl Group's own Gross Margin % has ranged from 48.99 to 73.64 over the past decade. While the company's 10-year median is 69.57 vs. the industry median of 40.45, Black Pearl Group 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 Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,680 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. Black Pearl Group's current Gross Margin % of 77.72% is 92.2% 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 Black Pearl Group and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Pearl Group's current Gross Margin % is 77.72%, which is 12% above median its own 10-year median of 69.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Pearl Group stock overvalued right now?
Based on GuruFocus' analysis, Black Pearl Group (ASX:BPG) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.57, compared to a current price of A$0.47 — trading 70.1% below its estimated fair value. The current Gross Margin % is 77.72%, which is 12% above median its 10-year median of 69.57 and 92.2% above the Software industry median of 40.45. Black Pearl Group's overall GF Score™ is 22/100 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 Black Pearl Group (ASX:BPG), the current Gross Margin % is 77.72% 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 Black Pearl Group (ASX:BPG) Overvalued in 2026?
Based on GuruFocus' analysis, Black Pearl Group stock appears to be undervalued.
The current stock price of A$0.47 is trading 70.1% below its estimated GF Value™ of A$1.57.
GuruFocus considers Black Pearl Group to be Possible Value Trap.
Key valuation signals for ASX:BPG:
Gross Margin %: 77.72% (12% above median its 10-year median of 69.57)
GF Value™: A$1.57 vs. price of A$0.47 (70.1% below fair value)
Industry Position: 92.2% above the Software median (#449 of 2680)
No single metric tells the full story. See the ASX:BPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Pearl Group Ltd is a data technology company that builds, acquires, and markets data-driven cloud services, consisting of a suite of productivity and demand generation applications for small and medium-sized businesses. The company had two reportable segments based on the company's product subscriptions available during the year: Pearl Diver and Newoldstamp. The company makes the majority of its revenue from subscriptions to Pearl Diver.
22GF Score
Get the complete analysis for ASX:BPG
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:BPG has been successfully added to your 