IPHASX:IPH -1.55%86 Gross Margin % is 0.00% as of Dec. 2025. GuruFocus rates ASX:IPH with a GF Score™ of 86/100 and a GF Value™ of A$7.13 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,007 Business Services companies, IPH ranks worse than 99304.77% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. IPH's Gross Profit for the
six
months ended in Dec. 2025 was A$363.9 Mil. IPH's Revenue for the
six
months ended in Dec. 2025 was A$363.9 Mil. Therefore, IPH's Gross Margin % for the quarter that ended in Dec. 2025 was 0.00%.
If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.
The historical rank and industry rank for IPH's Gross Margin % or its related term are showing as below:
ASX:IPH's Gross Margin % is not ranked *
in the Business Services industry.
Industry Median: 34.46 * Ranked among companies with meaningful Gross Margin % only.
IPH had a gross margin of N/A% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for IPH was 0.00% per year.
IPH (ASX:IPH) 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
IPH had a gross margin of N/A% for the quarter that ended in Dec. 2025 => No sustainable 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.
IPH Gross Margin % Related Terms
IPH Gross Margin % Historical Data
* Premium members only.
The historical data trend for IPH'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:IPH vs CTAS, CPRT, GPN: Gross Margin % Comparison
For the Specialty Business Services subindustry, IPH'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.
IPH Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, IPH's Gross Margin % distribution charts can be found below:
* The bar in red indicates where IPH'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.
IPH (ASX:IPH) has a Gross Margin % of 0.00% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on IPH and its competitors. According to the industry distribution chart, IPH ranks #999999 out of 1007 companies in the Business Services industry.
Is IPH's Gross Margin % too high?
IPH's current Gross Margin % is 0.00%. Based on the distribution chart, IPH ranks #999999 out of 1007 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, IPH has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPH's Gross Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, IPH ranks #999999 out of 1007 companies for Gross Margin %. This places IPH in the lower half of its industry. The industry median Gross Margin % is 34.46. 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. 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 IPH 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. IPH's current Gross Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPH stock overvalued right now?
Based on GuruFocus' analysis, IPH (ASX:IPH) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.13, compared to a current price of A$3.80 — trading 46.7% below its estimated fair value. The current Gross Margin % is 0.00%. IPH's overall GF Score™ is 86/100 with 5 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 IPH (ASX:IPH), the current Gross Margin % is 0.00% 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 IPH (ASX:IPH) Overvalued in 2026?
Based on GuruFocus' analysis, IPH stock appears to be undervalued.
The current stock price of A$3.80 is trading 46.7% below its estimated GF Value™ of A$7.13.
GuruFocus considers IPH to be Significantly Undervalued.
Key valuation signals for ASX:IPH:
Gross Margin %: 0.00%
GF Value™: A$7.13 vs. price of A$3.80 (46.7% below fair value)
No single metric tells the full story. See the ASX:IPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPH provides intellectual property services through its subsidiaries: Spruson and Ferguson, Smart & Biggar, Robic, Pizzeys, Griffith Hack, Applied Marks, and AJ Park. These services include patent filing, prosecution, enforcement, management, design, trademarks, and more. The company's diverse client base comprises multinationals, public-sector research organizations, and local businesses across industries such as healthcare, finance, engineering, and technology. Revenue streams mainly consist of professional fees (fixed) and volume-based fees (linked to the quantity of work performed). About 70% of revenue is derived from pre-existing work in the system, while 30% comes from new patent applications.
86GF Score
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