BWP GroupASX:BWP +0.25%80 Gross Margin % is 98.19% as of Dec. 2025, which is 15% above its 10-year median of 85.44. GuruFocus rates ASX:BWP with a GF Score™ of 80/100 and a GF Value™ of A$3.94 (Fairly Valued). The stock has 6 warning signs investors should review. Among 680 REITs companies, BWP Group ranks better than 94.56% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BWP Group's Gross Profit for the
six
months ended in Dec. 2025 was A$100.9 Mil. BWP Group's Revenue for the
six
months ended in Dec. 2025 was A$102.8 Mil. Therefore, BWP Group's Gross Margin % for the quarter that ended in Dec. 2025 was 98.19%.
The historical rank and industry rank for BWP Group's Gross Margin % or its related term are showing as below:
ASX:BWP'
s Gross Margin % Range Over the Past 10 Years
Min: 82.87 Med: 85.44 Max: 98.19
Current: 98.19
During the past 13 years, the highestGross Margin % of BWP Group was 98.19%. The lowest was 82.87%. And the median was 85.44%.
ASX:BWP's Gross Margin % is ranked better than 94.56% of 680
companies
in the REITs industry
Industry Median: 69.705
vs ASX:BWP: 98.19
BWP Group had a gross margin of 98.19% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BWP Group was -0.70% per year.
BWP Group (ASX:BWP) 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
BWP Group had a gross margin of 98.19% 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.
BWP Group Gross Margin % Related Terms
BWP Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for BWP 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:BWP vs PLD, PSA, EXR: Gross Margin % Comparison
For the REIT - Industrial subindustry, BWP 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.
BWP Group Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, BWP Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BWP 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.
BWP Group (ASX:BWP) has a Gross Margin % of 98.19% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on BWP Group and its competitors. This is 15% above median its historical median of 85.44. Over the past decade, BWP Group's Gross Margin % has ranged from 82.87 to 98.19. According to the industry distribution chart, BWP Group ranks #37 out of 680 companies in the REITs industry, placing it in the top 5.4%.
Is BWP Group's Gross Margin % too high?
BWP Group's current Gross Margin % of 98.19% is 15% above median its 10-year median of 85.44. Over the past 10 years, this metric has ranged from a low of 82.87 to a high of 98.19. The REITs industry median Gross Margin % is 69.71. BWP Group's value of 98.19% is 40.9% above this industry median. Based on the distribution chart, BWP Group ranks #37 out of 680 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, BWP Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BWP Group's Gross Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, BWP Group ranks #37 out of 680 companies for Gross Margin %. This places BWP Group in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.71. BWP Group's value of 98.19% is 40.9% above this benchmark. Historically, BWP Group's own Gross Margin % has ranged from 82.87 to 98.19 over the past decade. While the company's 10-year median is 85.44 vs. the industry median of 69.71, BWP 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 REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 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. BWP Group's current Gross Margin % of 98.19% is 40.9% 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 BWP Group and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BWP Group's current Gross Margin % is 98.19%, which is 15% above median its own 10-year median of 85.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BWP Group stock overvalued right now?
Based on GuruFocus' analysis, BWP Group (ASX:BWP) is currently considered Fairly Valued. The stock's GF Value™ is A$3.94, compared to a current price of A$3.96 — trading 0.5% above its estimated fair value. The current Gross Margin % is 98.19%, which is 15% above median its 10-year median of 85.44 and 40.9% above the REITs industry median of 69.71. BWP Group's overall GF Score™ is 80/100 with 6 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 BWP Group (ASX:BWP), the current Gross Margin % is 98.19% 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 BWP Group (ASX:BWP) Overvalued in 2026?
Based on GuruFocus' analysis, BWP Group stock appears to be overvalued.
The current stock price of A$3.96 is trading 0.5% above its estimated GF Value™ of A$3.94.
GuruFocus considers BWP Group to be Fairly Valued.
Key valuation signals for ASX:BWP:
Gross Margin %: 98.19% (15% above median its 10-year median of 85.44)
GF Value™: A$3.94 vs. price of A$3.96 (0.5% above fair value)
Industry Position: 40.9% above the REITs median (#37 of 680)
No single metric tells the full story. See the ASX:BWP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BWP Group is an Australian REIT focused on owning warehouse or bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns is diversified across most Australian states and is on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers, a top-10 ASX-listed company by market capitalization. Wesfarmers owns 23% of BWP units.
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