Bechtle AGBHTLF 77 Gross Margin % is 18.69% as of Mar. 2026, which is 9% above its 10-year median of 17.15. GuruFocus rates BHTLF with a GF Score™ of 77/100 and a GF Value™ of $62.97. The stock has 2 warning signs investors should review. Among 2,685 Software companies, Bechtle AG ranks worse than 81.45% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Bechtle AG's Gross Profit for the
three
months ended in Mar. 2026 was $340 Mil. Bechtle AG's Revenue for the
three
months ended in Mar. 2026 was $1,817 Mil. Therefore, Bechtle AG's Gross Margin % for the quarter that ended in Mar. 2026 was 18.69%.
The historical rank and industry rank for Bechtle AG's Gross Margin % or its related term are showing as below:
BHTLF'
s Gross Margin % Range Over the Past 10 Years
Min: 14.29 Med: 17.15 Max: 18.67
Current: 18.67
During the past 13 years, the highestGross Margin % of Bechtle AG was 18.67%. The lowest was 14.29%. And the median was 17.15%.
BHTLF's Gross Margin % is ranked worse than 81.45% of 2685
companies
in the Software industry
Industry Median: 40.45
vs BHTLF: 18.67
Bechtle AG had a gross margin of 18.69% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Bechtle AG was 1.70% per year.
Bechtle AG (OTCPK:BHTLF) 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
Bechtle AG had a gross margin of 18.69% for the quarter that ended in Mar. 2026 => No sustainable 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.
Bechtle AG Gross Margin % Related Terms
Bechtle AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Bechtle 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.
BHTLF vs IBM, ACN, FISV: Gross Margin % Comparison
For the Information Technology Services subindustry, Bechtle 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.
Bechtle AG Gross Margin % vs Software Industry
For the Software industry and Technology sector, Bechtle AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bechtle 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.
Bechtle AG (BHTLF) has a Gross Margin % of 18.69% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bechtle AG and its competitors. This is near median its historical median of 17.15. Over the past decade, Bechtle AG's Gross Margin % has ranged from 14.29 to 18.67. According to the industry distribution chart, Bechtle AG ranks #2187 out of 2685 companies in the Software industry, placing it in the top 81.5%.
Is Bechtle AG's Gross Margin % too high?
Bechtle AG's current Gross Margin % of 18.69% is near median its 10-year median of 17.15. Over the past 10 years, this metric has ranged from a low of 14.29 to a high of 18.67. The Software industry median Gross Margin % is 40.45. Bechtle AG's value of 18.69% is 53.8% below this industry median. Based on the distribution chart, Bechtle AG ranks #2187 out of 2685 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bechtle AG has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Bechtle AG's Gross Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Bechtle AG ranks #2187 out of 2685 companies for Gross Margin %. This places Bechtle AG in the lower half of its industry. The industry median Gross Margin % is 40.45. Bechtle AG's value of 18.69% is 53.8% below this benchmark. Historically, Bechtle AG's own Gross Margin % has ranged from 14.29 to 18.67 over the past decade. While the company's 10-year median is 17.15 vs. the industry median of 40.45, Bechtle 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 Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,685 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. Bechtle AG's current Gross Margin % of 18.69% is 53.8% 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 Bechtle AG and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bechtle AG's current Gross Margin % is 18.69%, which is near median its own 10-year median of 17.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bechtle AG stock overvalued right now?
Bechtle AG (BHTLF) has a current Gross Margin % of 18.69%. The stock's GF Value™ is $62.97, compared to a current price of $46.95 — trading 25.4% below its estimated fair value. The current Gross Margin % is 18.69%, which is near median its 10-year median of 17.15 and 53.8% below the Software industry median of 40.45. Bechtle AG's overall GF Score™ is 77/100 with 2 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 Bechtle AG (BHTLF), the current Gross Margin % is 18.69% as of Mar. 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 Bechtle AG (BHTLF) Overvalued in 2026?
Based on GuruFocus' analysis, Bechtle AG stock appears to be undervalued.
The current stock price of $46.95 is trading 25.4% below its estimated GF Value™ of $62.97.
Key valuation signals for BHTLF:
Gross Margin %: 18.69% (near median its 10-year median of 17.15)
GF Value™: $62.97 vs. price of $46.95 (25.4% below fair value)
Industry Position: 53.8% below the Software median (#2187 of 2685)
No single metric tells the full story. See the BHTLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. The company operates through four reportable segments; Germany, France, Benelux, and Other Europe. It generates maximum of its revenue from the Germany segment. The company offers its customers IT hardware, software, solutions and services in 14 European countries, with Germany being the main market.
77GF Score
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