Vicinity CentresASX:VCX +1.54%69 Gross Margin % is 71.74% as of Dec. 2025, which is 1% below its 10-year median of 72.49. GuruFocus rates ASX:VCX with a GF Score™ of 69/100 and a GF Value™ of A$1.81 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 680 REITs companies, Vicinity Centres ranks better than 53.38% 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
Vicinity Centres had a gross margin of 71.74% 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.
Vicinity Centres Gross Margin % Related Terms
Vicinity Centres Gross Margin % Historical Data
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The historical data trend for Vicinity Centres'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 REIT - Retail subindustry, Vicinity Centres'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.
Vicinity Centres Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Vicinity Centres'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.
Vicinity Centres (ASX:VCX) has a Gross Margin % of 71.74% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Vicinity Centres and its competitors. This is near median its historical median of 72.49. Over the past decade, Vicinity Centres' Gross Margin % has ranged from 67.81 to 75.90. According to the industry distribution chart, Vicinity Centres ranks #317 out of 680 companies in the REITs industry, placing it in the top 46.6%.
Is Vicinity Centres' Gross Margin % too high?
Vicinity Centres' current Gross Margin % of 71.74% is near median its 10-year median of 72.49. Over the past 10 years, this metric has ranged from a low of 67.81 to a high of 75.90. The REITs industry median Gross Margin % is 69.71. Vicinity Centres' value of 71.74% is 2.9% above this industry median. Based on the distribution chart, Vicinity Centres ranks #317 out of 680 companies in the REITs industry, which is above the industry midpoint. Overall, Vicinity Centres has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' Gross Margin % compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #317 out of 680 companies for Gross Margin %. This puts Vicinity Centres in the upper half of its industry. The industry median Gross Margin % is 69.71. Vicinity Centres' value of 71.74% is 2.9% above this benchmark. Historically, Vicinity Centres' own Gross Margin % has ranged from 67.81 to 75.90 over the past decade. While the company's 10-year median is 72.49 vs. the industry median of 69.71, Vicinity Centres 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 REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 680 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. Vicinity Centres's current Gross Margin % of 71.74% is 2.9% 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 Vicinity Centres and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current Gross Margin % is 71.74%, which is near median its own 10-year median of 72.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Centres stock overvalued right now?
Based on GuruFocus' analysis, Vicinity Centres (ASX:VCX) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.81, compared to a current price of A$2.64 — trading 45.9% above its estimated fair value. The current Gross Margin % is 71.74%, which is near median its 10-year median of 72.49 and 2.9% above the REITs industry median of 69.71. Vicinity Centres' overall GF Score™ is 69/100 with 9 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 Vicinity Centres (ASX:VCX), the current Gross Margin % is 71.74% 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 Vicinity Centres (ASX:VCX) Overvalued in 2026?
Based on GuruFocus' analysis, Vicinity Centres stock appears to be overvalued.
The current stock price of A$2.64 is trading 45.9% above its estimated GF Value™ of A$1.81.
GuruFocus considers Vicinity Centres to be Significantly Overvalued.
Key valuation signals for ASX:VCX:
Gross Margin %: 71.74% (near median its 10-year median of 72.49)
GF Value™: A$1.81 vs. price of A$2.64 (45.9% above fair value)
Industry Position: 2.9% above the REITs median (#317 of 680)
No single metric tells the full story. See the ASX:VCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vicinity Centres operates about 50 shopping malls in Australia. They include several iconic city centers, like Queen Victoria Building, The Strand Arcade and The Galeries in Sydney, which are frequented by tourists and office workers nearby. Melbourne's Chadstone, Vicinity's crown jewel, is Australia's largest and highest turnover shopping mall. Smaller regional and neighborhood centers, to which Vicinity is consciously trimming exposure, account for around 15% of the portfolio. Vast majority of Vicinity's income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.
69GF Score
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