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Storage King GroupASX:SKG -1.31%81 Gross Margin % is 66.06% as of Jun. 2026, which is 23% below its 10-year median of 85.93. GuruFocus rates ASX:SKG with a GF Score™ of 81/100 and a GF Value™ of A$1.32 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 667 REITs companies, Storage King Group ranks better than 54.87% on this metric.
Storage King Group (ASX:SKG) 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
Storage King Group had a gross margin of 66.06% for the quarter that ended in Jun. 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.
Storage King Group Gross Margin % Related Terms
Storage King Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for Storage King 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:SKG vs PLD, PSA, EXR: Gross Margin % Comparison
For the REIT - Industrial subindustry, Storage King 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.
Storage King Group Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Storage King Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Storage King 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.
Storage King Group (ASX:SKG) has a Gross Margin % of 66.06% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Storage King Group and its competitors. This is 23% below median its historical median of 85.93. Over the past decade, Storage King Group's Gross Margin % has ranged from 72.05 to 99.99. According to the industry distribution chart, Storage King Group ranks #301 out of 667 companies in the REITs industry, placing it in the top 45.1%.
Is Storage King Group's Gross Margin % too high?
Storage King Group's current Gross Margin % of 66.06% is 23% below median its 10-year median of 85.93. Over the past 10 years, this metric has ranged from a low of 72.05 to a high of 99.99. The REITs industry median Gross Margin % is 69.54. Storage King Group's value of 66.06% is 5% below this industry median. Based on the distribution chart, Storage King Group ranks #301 out of 667 companies in the REITs industry, which is above the industry midpoint. Overall, Storage King Group has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Storage King Group's Gross Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Storage King Group ranks #301 out of 667 companies for Gross Margin %. This puts Storage King Group in the upper half of its industry. The industry median Gross Margin % is 69.54. Storage King Group's value of 66.06% is 5% below this benchmark. Historically, Storage King Group's own Gross Margin % has ranged from 72.05 to 99.99 over the past decade. While the company's 10-year median is 85.93 vs. the industry median of 69.54, Storage King Group has consistently been below 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 69.54, based on 667 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. Storage King Group's current Gross Margin % of 66.06% is 5% below 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 Storage King Group and its competitors. For the REITs industry, the median Gross Margin % is 69.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Storage King Group's current Gross Margin % is 66.06%, which is 23% below median its own 10-year median of 85.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Storage King Group stock overvalued right now?
Based on GuruFocus' analysis, Storage King Group (ASX:SKG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.32, compared to a current price of A$1.13 — trading 14.4% below its estimated fair value. The current Gross Margin % is 66.06%, which is 23% below median its 10-year median of 85.93 and 5% below the REITs industry median of 69.54. Storage King Group's overall GF Score™ is 81/100 with 8 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 Storage King Group (ASX:SKG), the current Gross Margin % is 66.06% as of Jun. 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 Storage King Group (ASX:SKG) Overvalued in 2026?
Based on GuruFocus' analysis, Storage King Group stock appears to be undervalued.
The current stock price of A$1.13 is trading 14.4% below its estimated GF Value™ of A$1.32.
GuruFocus considers Storage King Group to be Modestly Undervalued.
Key valuation signals for ASX:SKG:
Gross Margin %: 66.06% (23% below median its 10-year median of 85.93)
GF Value™: A$1.32 vs. price of A$1.13 (14.4% below fair value)
Industry Position: 5% below the REITs median (#301 of 667)
No single metric tells the full story. See the ASX:SKG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Abacus Storage King is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.
81GF Score
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