FleetPartners GroupASX:FPR +1.81%75 Gross Margin % is 65.27% as of Mar. 2026, which is 4% above its 10-year median of 62.65. GuruFocus rates ASX:FPR with a GF Score™ of 75/100 and a GF Value™ of A$3.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,007 Business Services companies, FleetPartners Group ranks better than 78.85% on this metric.
The historical rank and industry rank for FleetPartners Group's Gross Margin % or its related term are showing as below:
ASX:FPR'
s Gross Margin % Range Over the Past 10 Years
Min: 51.43 Med: 62.65 Max: 87.33
Current: 62.92
During the past 11 years, the highestGross Margin % of FleetPartners Group was 87.33%. The lowest was 51.43%. And the median was 62.65%.
ASX:FPR's Gross Margin % is ranked better than 78.85% of 1007
companies
in the Business Services industry
Industry Median: 34.46
vs ASX:FPR: 62.92
FleetPartners Group had a gross margin of 65.27% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for FleetPartners Group was 2.60% per year.
FleetPartners Group (ASX:FPR) 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
FleetPartners Group had a gross margin of 65.27% 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.
FleetPartners Group Gross Margin % Related Terms
FleetPartners Group Gross Margin % Historical Data
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The historical data trend for FleetPartners 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:FPR vs URI, SUNB, AER: Gross Margin % Comparison
For the Rental & Leasing Services subindustry, FleetPartners 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.
FleetPartners Group Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, FleetPartners Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where FleetPartners 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.
FleetPartners Group (ASX:FPR) has a Gross Margin % of 65.27% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on FleetPartners Group and its competitors. This is near median its historical median of 62.65. Over the past decade, FleetPartners Group's Gross Margin % has ranged from 51.43 to 87.33. According to the industry distribution chart, FleetPartners Group ranks #213 out of 1007 companies in the Business Services industry, placing it in the top 21.2%.
Is FleetPartners Group's Gross Margin % too high?
FleetPartners Group's current Gross Margin % of 65.27% is near median its 10-year median of 62.65. Over the past 10 years, this metric has ranged from a low of 51.43 to a high of 87.33. The Business Services industry median Gross Margin % is 34.46. FleetPartners Group's value of 65.27% is 89.4% above this industry median. Based on the distribution chart, FleetPartners Group ranks #213 out of 1007 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, FleetPartners Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FleetPartners Group's Gross Margin % compare to URI and SUNB?
According to the Business Services industry distribution chart, FleetPartners Group ranks #213 out of 1007 companies for Gross Margin %. This places FleetPartners Group in the top 21% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 34.46. FleetPartners Group's value of 65.27% is 89.4% above this benchmark. Historically, FleetPartners Group's own Gross Margin % has ranged from 51.43 to 87.33 over the past decade. While the company's 10-year median is 62.65 vs. the industry median of 34.46, FleetPartners 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 Business Services company?
The median Gross Margin % among Business Services companies is 34.46, based on 1,007 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. FleetPartners Group's current Gross Margin % of 65.27% is 89.4% 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 FleetPartners Group and its competitors. For the Business Services industry, the median Gross Margin % is 34.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FleetPartners Group's current Gross Margin % is 65.27%, which is near median its own 10-year median of 62.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FleetPartners Group stock overvalued right now?
Based on GuruFocus' analysis, FleetPartners Group (ASX:FPR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.64, compared to a current price of A$2.82 — trading 22.5% below its estimated fair value. The current Gross Margin % is 65.27%, which is near median its 10-year median of 62.65 and 89.4% above the Business Services industry median of 34.46. FleetPartners Group's overall GF Score™ is 75/100 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 FleetPartners Group (ASX:FPR), the current Gross Margin % is 65.27% 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 FleetPartners Group (ASX:FPR) Overvalued in 2026?
Based on GuruFocus' analysis, FleetPartners Group stock appears to be undervalued.
The current stock price of A$2.82 is trading 22.5% below its estimated GF Value™ of A$3.64.
GuruFocus considers FleetPartners Group to be Modestly Undervalued.
Key valuation signals for ASX:FPR:
Gross Margin %: 65.27% (near median its 10-year median of 62.65)
GF Value™: A$3.64 vs. price of A$2.82 (22.5% below fair value)
Industry Position: 89.4% above the Business Services median (#213 of 1007)
No single metric tells the full story. See the ASX:FPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, Novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.
75GF Score
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