Smart ParkingASX:SPZ +1.82%90 Gross Margin % is 99.54% as of Dec. 2025, which is 10% above its 10-year median of 90.81. GuruFocus rates ASX:SPZ with a GF Score™ of 90/100 and a GF Value™ of A$1.12 (Modestly Undervalued). Among 1,724 Construction companies, Smart Parking ranks better than 99.3% on this metric.
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
Smart Parking had a gross margin of 99.54% 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.
Smart Parking Gross Margin % Related Terms
Smart Parking Gross Margin % Historical Data
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The historical data trend for Smart Parking'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.
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Smart Parking's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Smart Parking'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.
Smart Parking (ASX:SPZ) has a Gross Margin % of 99.54% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Smart Parking and its competitors. This is 10% above median its historical median of 90.81. Over the past decade, Smart Parking's Gross Margin % has ranged from 83.72 to 99.09. According to the industry distribution chart, Smart Parking ranks #12 out of 1724 companies in the Construction industry, placing it in the top 0.7%.
Is Smart Parking's Gross Margin % too high?
Smart Parking's current Gross Margin % of 99.54% is 10% above median its 10-year median of 90.81. Over the past 10 years, this metric has ranged from a low of 83.72 to a high of 99.09. The Construction industry median Gross Margin % is 20.71. Smart Parking's value of 99.54% is 380.8% above this industry median. Based on the distribution chart, Smart Parking ranks #12 out of 1724 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Parking has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart Parking's Gross Margin % compare to competitors?
According to the Construction industry distribution chart, Smart Parking ranks #12 out of 1724 companies for Gross Margin %. This places Smart Parking in the top 1% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.71. Smart Parking's value of 99.54% is 380.8% above this benchmark. Historically, Smart Parking's own Gross Margin % has ranged from 83.72 to 99.09 over the past decade. While the company's 10-year median is 90.81 vs. the industry median of 20.71, Smart Parking 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 Construction company?
The median Gross Margin % among Construction companies is 20.71, based on 1,724 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. Smart Parking's current Gross Margin % of 99.54% is 380.8% 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 Smart Parking and its competitors. For the Construction industry, the median Gross Margin % is 20.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Parking's current Gross Margin % is 99.54%, which is 10% above median its own 10-year median of 90.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Parking stock overvalued right now?
Based on GuruFocus' analysis, Smart Parking (ASX:SPZ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.12, compared to a current price of A$0.84 — trading 25% below its estimated fair value. The current Gross Margin % is 99.54%, which is 10% above median its 10-year median of 90.81 and 380.8% above the Construction industry median of 20.71. Smart Parking's overall GF Score™ is 90/100. 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 Smart Parking (ASX:SPZ), the current Gross Margin % is 99.54% 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 Smart Parking (ASX:SPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Parking stock appears to be undervalued.
The current stock price of A$0.84 is trading 25% below its estimated GF Value™ of A$1.12.
GuruFocus considers Smart Parking to be Modestly Undervalued.
Key valuation signals for ASX:SPZ:
Gross Margin %: 99.54% (10% above median its 10-year median of 90.81)
GF Value™: A$1.12 vs. price of A$0.84 (25% below fair value)
Industry Position: 380.8% above the Construction median (#12 of 1724)
No single metric tells the full story. See the ASX:SPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has presence in North America; UK and Europe; Asia, and Australia.
90GF Score
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