PBGBSP:PTBL3 +1.82%55 Gross Margin % is 33.40% as of Mar. 2026, which is 10% below its 10-year median of 37.21. GuruFocus rates BSP:PTBL3 with a GF Score™ of 55/100 and a GF Value™ of R$4.97 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,718 Construction companies, PBG ranks better than 75.79% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. PBG's Gross Profit for the
three
months ended in Mar. 2026 was R$199 Mil. PBG's Revenue for the
three
months ended in Mar. 2026 was R$597 Mil. Therefore, PBG's Gross Margin % for the quarter that ended in Mar. 2026 was 33.40%.
Warning Sign:
PBG SA gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for PBG's Gross Margin % or its related term are showing as below:
BSP:PTBL3'
s Gross Margin % Range Over the Past 10 Years
Min: 32.54 Med: 37.21 Max: 43.25
Current: 34.74
During the past 13 years, the highestGross Margin % of PBG was 43.25%. The lowest was 32.54%. And the median was 37.21%.
BSP:PTBL3's Gross Margin % is ranked better than 75.79% of 1718
companies
in the Construction industry
Industry Median: 20.75
vs BSP:PTBL3: 34.74
PBG had a gross margin of 33.40% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for PBG was -1.40% per year.
PBG (BSP:PTBL3) 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
PBG had a gross margin of 33.40% for the quarter that ended in Mar. 2026 => 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.
PBG Gross Margin % Related Terms
PBG Gross Margin % Historical Data
* Premium members only.
The historical data trend for PBG'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:PTBL3 vs TT, JCI, CARR: Gross Margin % Comparison
For the Building Products & Equipment subindustry, PBG'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.
PBG Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, PBG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PBG'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.
PBG (BSP:PTBL3) has a Gross Margin % of 33.40% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on PBG and its competitors. This is 10% below median its historical median of 37.21. Over the past decade, PBG's Gross Margin % has ranged from 32.54 to 43.25. According to the industry distribution chart, PBG ranks #416 out of 1718 companies in the Construction industry, placing it in the top 24.2%.
Is PBG's Gross Margin % too high?
PBG's current Gross Margin % of 33.40% is 10% below median its 10-year median of 37.21. Over the past 10 years, this metric has ranged from a low of 32.54 to a high of 43.25. The Construction industry median Gross Margin % is 20.75. PBG's value of 33.40% is 61% above this industry median. Based on the distribution chart, PBG ranks #416 out of 1718 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PBG has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PBG's Gross Margin % compare to TT and JCI?
According to the Construction industry distribution chart, PBG ranks #416 out of 1718 companies for Gross Margin %. This places PBG in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.75. PBG's value of 33.40% is 61% above this benchmark. Historically, PBG's own Gross Margin % has ranged from 32.54 to 43.25 over the past decade. While the company's 10-year median is 37.21 vs. the industry median of 20.75, PBG 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 20.75, based on 1,718 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. PBG's current Gross Margin % of 33.40% is 61% 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 PBG and its competitors. For the Construction industry, the median Gross Margin % is 20.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBG's current Gross Margin % is 33.40%, which is 10% below median its own 10-year median of 37.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBG stock overvalued right now?
Based on GuruFocus' analysis, PBG (BSP:PTBL3) is currently considered Possible Value Trap. The stock's GF Value™ is R$4.97, compared to a current price of R$1.68 — trading 66.2% below its estimated fair value. The current Gross Margin % is 33.40%, which is 10% below median its 10-year median of 37.21 and 61% above the Construction industry median of 20.75. PBG's overall GF Score™ is 55/100 with 10 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 PBG (BSP:PTBL3), the current Gross Margin % is 33.40% 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 PBG (BSP:PTBL3) Overvalued in 2026?
Based on GuruFocus' analysis, PBG stock appears to be undervalued.
The current stock price of R$1.68 is trading 66.2% below its estimated GF Value™ of R$4.97.
GuruFocus considers PBG to be Possible Value Trap.
Key valuation signals for BSP:PTBL3:
Gross Margin %: 33.40% (10% below median its 10-year median of 37.21)
GF Value™: R$4.97 vs. price of R$1.68 (66.2% below fair value)
Industry Position: 61% above the Construction median (#416 of 1718)
No single metric tells the full story. See the BSP:PTBL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBG SA is engaged in the manufacturing and sale of ceramic and porcelain products. It offers products such as floor tiles, technical porcelain, enameled tiles, decorated and special pieces, mosaic tiles, and products for indoor walls and outdoor facades, as well as supplementary services in the sector of civil construction materials. The company sells its product to the Brazilian market through its network of Portobello Shops, home centers, real estate developers, and construction firms. Portobello derives revenue through the sale of ceramic and porcelain products. Geographically it operates in Brazil. The Company is structured in four strategic segments formed by the business units Portobello, Portobello Shop, Pointer and Portobello America.
55GF Score
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