CSN MineracaoBSP:CMIN3 +0.24%71 Gross Margin % is 45.06% as of Mar. 2026, which is 12% below its 10-year median of 51.30. GuruFocus rates BSP:CMIN3 with a GF Score™ of 71/100 and a GF Value™ of R$5.31 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 594 Steel companies, CSN Mineracao ranks better than 93.1% 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
CSN Mineracao had a gross margin of 45.06% for the quarter that ended in Mar. 2026 => 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.
CSN Mineracao Gross Margin % Related Terms
CSN Mineracao Gross Margin % Historical Data
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The historical data trend for CSN Mineracao'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.
BSP:CMIN3 vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, CSN Mineracao'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.
CSN Mineracao Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, CSN Mineracao's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CSN Mineracao'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.
CSN Mineracao (BSP:CMIN3) has a Gross Margin % of 45.06% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on CSN Mineracao and its competitors. This is 12% below median its historical median of 51.30. Over the past decade, CSN Mineracao's Gross Margin % has ranged from 45.35 to 61.90. According to the industry distribution chart, CSN Mineracao ranks #41 out of 594 companies in the Steel industry, placing it in the top 6.9%.
Is CSN Mineracao's Gross Margin % too high?
CSN Mineracao's current Gross Margin % of 45.06% is 12% below median its 10-year median of 51.30. Over the past 10 years, this metric has ranged from a low of 45.35 to a high of 61.90. The Steel industry median Gross Margin % is 12.61. CSN Mineracao's value of 45.06% is 257.3% above this industry median. Based on the distribution chart, CSN Mineracao ranks #41 out of 594 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, CSN Mineracao has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CSN Mineracao's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, CSN Mineracao ranks #41 out of 594 companies for Gross Margin %. This places CSN Mineracao in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 12.61. CSN Mineracao's value of 45.06% is 257.3% above this benchmark. Historically, CSN Mineracao's own Gross Margin % has ranged from 45.35 to 61.90 over the past decade. While the company's 10-year median is 51.30 vs. the industry median of 12.61, CSN Mineracao 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 Steel company?
The median Gross Margin % among Steel companies is 12.61, based on 594 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. CSN Mineracao's current Gross Margin % of 45.06% is 257.3% 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 CSN Mineracao and its competitors. For the Steel industry, the median Gross Margin % is 12.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSN Mineracao's current Gross Margin % is 45.06%, which is 12% below median its own 10-year median of 51.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSN Mineracao stock overvalued right now?
Based on GuruFocus' analysis, CSN Mineracao (BSP:CMIN3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$5.31, compared to a current price of R$4.25 — trading 20% below its estimated fair value. The current Gross Margin % is 45.06%, which is 12% below median its 10-year median of 51.30 and 257.3% above the Steel industry median of 12.61. CSN Mineracao's overall GF Score™ is 71/100 with 8 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 CSN Mineracao (BSP:CMIN3), the current Gross Margin % is 45.06% 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 CSN Mineracao (BSP:CMIN3) Overvalued in 2026?
Based on GuruFocus' analysis, CSN Mineracao stock appears to be undervalued.
The current stock price of R$4.25 is trading 20% below its estimated GF Value™ of R$5.31.
GuruFocus considers CSN Mineracao to be Modestly Undervalued.
Key valuation signals for BSP:CMIN3:
Gross Margin %: 45.06% (12% below median its 10-year median of 51.30)
GF Value™: R$5.31 vs. price of R$4.25 (20% below fair value)
Industry Position: 257.3% above the Steel median (#41 of 594)
No single metric tells the full story. See the BSP:CMIN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, and others. The company operates in Asia, Europe, and the domestic country, with the majority of revenue from Asia.
71GF Score
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