ObjectiveASX:OCL +2.54%97 Gross Margin % is 94.40% as of Dec. 2025, which is 1% below its 10-year median of 95.09. GuruFocus rates ASX:OCL with a GF Score™ of 97/100 and a GF Value™ of A$16.53 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,685 Software companies, Objective ranks better than 97.39% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Objective's Gross Profit for the
six
months ended in Dec. 2025 was A$63.0 Mil. Objective's Revenue for the
six
months ended in Dec. 2025 was A$66.7 Mil. Therefore, Objective's Gross Margin % for the quarter that ended in Dec. 2025 was 94.40%.
The historical rank and industry rank for Objective's Gross Margin % or its related term are showing as below:
ASX:OCL'
s Gross Margin % Range Over the Past 10 Years
Min: 93.38 Med: 95.09 Max: 97.17
Current: 94.11
During the past 13 years, the highestGross Margin % of Objective was 97.17%. The lowest was 93.38%. And the median was 95.09%.
ASX:OCL's Gross Margin % is ranked better than 97.39% of 2685
companies
in the Software industry
Industry Median: 40.45
vs ASX:OCL: 94.11
Objective had a gross margin of 94.40% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Objective was -0.40% per year.
Objective (ASX:OCL) 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
Objective had a gross margin of 94.40% 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.
Objective Gross Margin % Related Terms
Objective Gross Margin % Historical Data
* Premium members only.
The historical data trend for Objective'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:OCL vs CRM, SHOP, UBER: Gross Margin % Comparison
For the Software - Application subindustry, Objective'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.
Objective Gross Margin % vs Software Industry
For the Software industry and Technology sector, Objective's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Objective'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.
Objective (ASX:OCL) has a Gross Margin % of 94.40% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Objective and its competitors. This is near median its historical median of 95.09. Over the past decade, Objective's Gross Margin % has ranged from 93.38 to 97.17. According to the industry distribution chart, Objective ranks #70 out of 2685 companies in the Software industry, placing it in the top 2.6%.
Is Objective's Gross Margin % too high?
Objective's current Gross Margin % of 94.40% is near median its 10-year median of 95.09. Over the past 10 years, this metric has ranged from a low of 93.38 to a high of 97.17. The Software industry median Gross Margin % is 40.45. Objective's value of 94.40% is 133.4% above this industry median. Based on the distribution chart, Objective ranks #70 out of 2685 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Objective has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Objective's Gross Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Objective ranks #70 out of 2685 companies for Gross Margin %. This places Objective in the top 3% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.45. Objective's value of 94.40% is 133.4% above this benchmark. Historically, Objective's own Gross Margin % has ranged from 93.38 to 97.17 over the past decade. While the company's 10-year median is 95.09 vs. the industry median of 40.45, Objective 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 2,685 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. Objective's current Gross Margin % of 94.40% is 133.4% 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 Objective 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. Objective's current Gross Margin % is 94.40%, which is near median its own 10-year median of 95.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Objective stock overvalued right now?
Based on GuruFocus' analysis, Objective (ASX:OCL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$16.53, compared to a current price of A$10.49 — trading 36.5% below its estimated fair value. The current Gross Margin % is 94.40%, which is near median its 10-year median of 95.09 and 133.4% above the Software industry median of 40.45. Objective's overall GF Score™ is 97/100 with 2 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 Objective (ASX:OCL), the current Gross Margin % is 94.40% 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 Objective (ASX:OCL) Overvalued in 2026?
Based on GuruFocus' analysis, Objective stock appears to be undervalued.
The current stock price of A$10.49 is trading 36.5% below its estimated GF Value™ of A$16.53.
GuruFocus considers Objective to be Significantly Undervalued.
Key valuation signals for ASX:OCL:
Gross Margin %: 94.40% (near median its 10-year median of 95.09)
GF Value™: A$16.53 vs. price of A$10.49 (36.5% below fair value)
Industry Position: 133.4% above the Software median (#70 of 2685)
No single metric tells the full story. See the ASX:OCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Objective is a founder-led technology company providing software and services for compliance with government regulations. Objective's primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs.
97GF Score
Get the complete analysis for ASX:OCL
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:OCL has been successfully added to your 
