Coca-Cola HBC AGATH:EEE +2.80%96 Gross Margin % is 36.83% as of Dec. 2025, which is 0% below its 10-year median of 36.87. GuruFocus rates ATH:EEE with a GF Score™ of 96/100 and a GF Value™ of €38.50 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 115 Beverages - Non-Alcoholic companies, Coca-Cola HBC AG ranks worse than 59.13% on this metric.
The historical rank and industry rank for Coca-Cola HBC AG's Gross Margin % or its related term are showing as below:
ATH:EEE'
s Gross Margin % Range Over the Past 10 Years
Min: 34.18 Med: 36.87 Max: 37.86
Current: 36.78
During the past 13 years, the highestGross Margin % of Coca-Cola HBC AG was 37.86%. The lowest was 34.18%. And the median was 36.87%.
ATH:EEE's Gross Margin % is ranked worse than 59.13% of 115
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 38.43
vs ATH:EEE: 36.78
Coca-Cola HBC AG had a gross margin of 36.83% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Coca-Cola HBC AG was -0.40% per year.
Coca-Cola HBC AG (ATH:EEE) 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
Coca-Cola HBC AG had a gross margin of 36.83% for the quarter that ended in Dec. 2025 => Competition eroding margins
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.
Coca-Cola HBC AG Gross Margin % Related Terms
Coca-Cola HBC AG Gross Margin % Historical Data
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The historical data trend for Coca-Cola HBC AG'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.
ATH:EEE vs KO, PEP, MNST: Gross Margin % Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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.
Coca-Cola HBC AG Gross Margin % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG'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.
Coca-Cola HBC AG (ATH:EEE) has a Gross Margin % of 36.83% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Coca-Cola HBC AG and its competitors. This is near median its historical median of 36.87. Over the past decade, Coca-Cola HBC AG's Gross Margin % has ranged from 34.18 to 37.86. According to the industry distribution chart, Coca-Cola HBC AG ranks #68 out of 115 companies in the Beverages - Non-Alcoholic industry, placing it in the top 59.1%.
Is Coca-Cola HBC AG's Gross Margin % too high?
Coca-Cola HBC AG's current Gross Margin % of 36.83% is near median its 10-year median of 36.87. Over the past 10 years, this metric has ranged from a low of 34.18 to a high of 37.86. The Beverages - Non-Alcoholic industry median Gross Margin % is 38.43. Coca-Cola HBC AG's value of 36.83% is 4.2% below this industry median. Based on the distribution chart, Coca-Cola HBC AG ranks #68 out of 115 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Coca-Cola HBC AG has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's Gross Margin % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola HBC AG ranks #68 out of 115 companies for Gross Margin %. This places Coca-Cola HBC AG in the lower half of its industry. The industry median Gross Margin % is 38.43. Coca-Cola HBC AG's value of 36.83% is 4.2% below this benchmark. Historically, Coca-Cola HBC AG's own Gross Margin % has ranged from 34.18 to 37.86 over the past decade. While the company's 10-year median is 36.87 vs. the industry median of 38.43, Coca-Cola HBC AG 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 Beverages - Non-Alcoholic company?
The median Gross Margin % among Beverages - Non-Alcoholic companies is 38.43, based on 115 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. Coca-Cola HBC AG's current Gross Margin % of 36.83% is 4.2% 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 Coca-Cola HBC AG and its competitors. For the Beverages - Non-Alcoholic industry, the median Gross Margin % is 38.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola HBC AG's current Gross Margin % is 36.83%, which is near median its own 10-year median of 36.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.50, compared to a current price of €55.00 — trading 42.9% above its estimated fair value. The current Gross Margin % is 36.83%, which is near median its 10-year median of 36.87 and 4.2% below the Beverages - Non-Alcoholic industry median of 38.43. Coca-Cola HBC AG's overall GF Score™ is 96/100 with 4 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 Coca-Cola HBC AG (ATH:EEE), the current Gross Margin % is 36.83% 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 Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €55.00 is trading 42.9% above its estimated GF Value™ of €38.50.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
Gross Margin %: 36.83% (near median its 10-year median of 36.87)
GF Value™: €38.50 vs. price of €55.00 (42.9% above fair value)
Industry Position: 4.2% below the Beverages - Non-Alcoholic median (#68 of 115)
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
96GF Score
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