Transurban GroupASX:TCL +1.45%75 Gross Margin % is 74.99% as of Dec. 2025, which is 16% above its 10-year median of 64.63. GuruFocus rates ASX:TCL with a GF Score™ of 75/100 and a GF Value™ of A$13.47 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,724 Construction companies, Transurban Group ranks better than 95.24% on this metric.
The historical rank and industry rank for Transurban Group's Gross Margin % or its related term are showing as below:
ASX:TCL'
s Gross Margin % Range Over the Past 10 Years
Min: 56.6 Med: 64.63 Max: 73.26
Current: 71.07
During the past 13 years, the highestGross Margin % of Transurban Group was 73.26%. The lowest was 56.60%. And the median was 64.63%.
ASX:TCL's Gross Margin % is ranked better than 95.24% of 1724
companies
in the Construction industry
Industry Median: 20.705
vs ASX:TCL: 71.07
Transurban Group had a gross margin of 74.99% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Transurban Group was 0.70% per year.
Transurban Group (ASX:TCL) 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
Transurban Group had a gross margin of 74.99% 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.
Transurban Group Gross Margin % Related Terms
Transurban Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for Transurban 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.
Transurban Group Gross Margin % Competitor Comparison
For the Infrastructure Operations subindustry, Transurban 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.
Transurban Group Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Transurban Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Transurban 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.
Transurban Group (ASX:TCL) has a Gross Margin % of 74.99% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Transurban Group and its competitors. This is 16% above median its historical median of 64.63. Over the past decade, Transurban Group's Gross Margin % has ranged from 56.60 to 73.26. According to the industry distribution chart, Transurban Group ranks #82 out of 1724 companies in the Construction industry, placing it in the top 4.8%.
Is Transurban Group's Gross Margin % too high?
Transurban Group's current Gross Margin % of 74.99% is 16% above median its 10-year median of 64.63. Over the past 10 years, this metric has ranged from a low of 56.60 to a high of 73.26. The Construction industry median Gross Margin % is 20.71. Transurban Group's value of 74.99% is 262.2% above this industry median. Based on the distribution chart, Transurban Group ranks #82 out of 1724 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Transurban Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Transurban Group's Gross Margin % compare to competitors?
According to the Construction industry distribution chart, Transurban Group ranks #82 out of 1724 companies for Gross Margin %. This places Transurban Group in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.71. Transurban Group's value of 74.99% is 262.2% above this benchmark. Historically, Transurban Group's own Gross Margin % has ranged from 56.60 to 73.26 over the past decade. While the company's 10-year median is 64.63 vs. the industry median of 20.71, Transurban 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 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. Transurban Group's current Gross Margin % of 74.99% is 262.2% 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 Transurban Group 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. Transurban Group's current Gross Margin % is 74.99%, which is 16% above median its own 10-year median of 64.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transurban Group stock overvalued right now?
Based on GuruFocus' analysis, Transurban Group (ASX:TCL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$13.47, compared to a current price of A$15.39 — trading 14.3% above its estimated fair value. The current Gross Margin % is 74.99%, which is 16% above median its 10-year median of 64.63 and 262.2% above the Construction industry median of 20.71. Transurban Group's overall GF Score™ is 75/100 with 11 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 Transurban Group (ASX:TCL), the current Gross Margin % is 74.99% 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 Transurban Group (ASX:TCL) Overvalued in 2026?
Based on GuruFocus' analysis, Transurban Group stock appears to be overvalued.
The current stock price of A$15.39 is trading 14.3% above its estimated GF Value™ of A$13.47.
GuruFocus considers Transurban Group to be Modestly Overvalued.
Key valuation signals for ASX:TCL:
Gross Margin %: 74.99% (16% above median its 10-year median of 64.63)
GF Value™: A$13.47 vs. price of A$15.39 (14.3% above fair value)
Industry Position: 262.2% above the Construction median (#82 of 1724)
No single metric tells the full story. See the ASX:TCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA, and Montreal, Canada. The weighted average concession life across the portfolio is about 25 years. Australian assets contribute around 90% of proportional revenue.
75GF Score
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