Grupo SBF (BSP:SBFG3) Gross Margin %: 50.76% (As of Mar. 2026) — Near Median


BSP:SBFG3 Grupo SBF SA BSP:SBFG3
92 GF Score
Price R$10.17
GF Value R$14.17
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Grupo SBF Gross Margin %?

Grupo SBF BSP:SBFG3 -1.45% 92 Gross Margin % is 50.76% as of Mar. 2026, which is 5% above its 10-year median of 48.45. GuruFocus rates BSP:SBFG3 with a GF Score™ of 92/100 and a GF Value™ of R$14.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Grupo SBF ranks better than 71.25% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Grupo SBF's Gross Profit for the three months ended in Mar. 2026 was R$906 Mil. Grupo SBF's Revenue for the three months ended in Mar. 2026 was R$1,785 Mil. Therefore, Grupo SBF's Gross Margin % for the quarter that ended in Mar. 2026 was 50.76%.


The historical rank and industry rank for Grupo SBF's Gross Margin % or its related term are showing as below:

BSP:SBFG3' s Gross Margin % Range Over the Past 10 Years
Min: 43.63   Med: 48.45   Max: 49.45
Current: 48.56


During the past 11 years, the highest Gross Margin % of Grupo SBF was 49.45%. The lowest was 43.63%. And the median was 48.45%.

BSP:SBFG3's Gross Margin % is ranked better than
71.25% of 1113 companies
in the Retail - Cyclical industry
Industry Median: 36.29 vs BSP:SBFG3: 48.56

Grupo SBF had a gross margin of 50.76% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Grupo SBF was 2.10% per year.


Grupo SBF  (BSP:SBFG3) 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

Grupo SBF had a gross margin of 50.76% 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.


Grupo SBF Gross Margin % Related Terms


Grupo SBF Gross Margin % Historical Data

* Premium members only.

The historical data trend for Grupo SBF'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.

Grupo SBF Gross Margin % Chart

Grupo SBF Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.02 46.97 47.43 49.12 48.28

Grupo SBF Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.69 49.07 47.39 47.50 50.76

BSP:SBFG3 vs CASY, WSM, DKS: Gross Margin % Comparison

For the Specialty Retail subindustry, Grupo SBF'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.


Grupo SBF Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Grupo SBF's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Grupo SBF's Gross Margin % falls into.


BSP:SBFG3
92GF Score
Grupo SBF SA BSP:SBFG3
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo SBF Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Grupo SBF's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=3735.1 / 7736.413
=(Revenue - Cost of Goods Sold) / Revenue
=(7736.413 - 4001.33) / 7736.413
=48.28 %

Grupo SBF's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=906.2 / 1785.429
=(Revenue - Cost of Goods Sold) / Revenue
=(1785.429 - 879.218) / 1785.429
=50.76 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 50.76% mean?
Grupo SBF (BSP:SBFG3) has a Gross Margin % of 50.76% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Grupo SBF and its competitors. This is near median its historical median of 48.45. Over the past decade, Grupo SBF's Gross Margin % has ranged from 43.63 to 49.45. According to the industry distribution chart, Grupo SBF ranks #320 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 28.8%.
Is Grupo SBF's Gross Margin % too high?
Grupo SBF's current Gross Margin % of 50.76% is near median its 10-year median of 48.45. Over the past 10 years, this metric has ranged from a low of 43.63 to a high of 49.45. The Retail - Cyclical industry median Gross Margin % is 36.29. Grupo SBF's value of 50.76% is 39.9% above this industry median. Based on the distribution chart, Grupo SBF ranks #320 out of 1113 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Grupo SBF has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grupo SBF's Gross Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Grupo SBF ranks #320 out of 1113 companies for Gross Margin %. This puts Grupo SBF in the upper half of its industry. The industry median Gross Margin % is 36.29. Grupo SBF's value of 50.76% is 39.9% above this benchmark. Historically, Grupo SBF's own Gross Margin % has ranged from 43.63 to 49.45 over the past decade. While the company's 10-year median is 48.45 vs. the industry median of 36.29, Grupo SBF 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.29, based on 1,113 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. Grupo SBF's current Gross Margin % of 50.76% is 39.9% 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 Grupo SBF and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo SBF's current Gross Margin % is 50.76%, which is near median its own 10-year median of 48.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo SBF stock overvalued right now?
Based on GuruFocus' analysis, Grupo SBF (BSP:SBFG3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$14.17, compared to a current price of R$10.17 — trading 28.2% below its estimated fair value. The current Gross Margin % is 50.76%, which is near median its 10-year median of 48.45 and 39.9% above the Retail - Cyclical industry median of 36.29. Grupo SBF's overall GF Score™ is 92/100 with 3 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 Grupo SBF (BSP:SBFG3), the current Gross Margin % is 50.76% 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 Grupo SBF (BSP:SBFG3) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo SBF stock appears to be undervalued. The current stock price of R$10.17 is trading 28.2% below its estimated GF Value™ of R$14.17. GuruFocus considers Grupo SBF to be Modestly Undervalued.

Key valuation signals for BSP:SBFG3:

  • Gross Margin %: 50.76% (near median its 10-year median of 48.45)
  • GF Value™: R$14.17 vs. price of R$10.17 (28.2% below fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 39.9% above the Retail - Cyclical median (#320 of 1113)

No single metric tells the full story. See the BSP:SBFG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo SBF Business Description

Address Rua Hugo D\'Antola, 200, Lapa, Bloco A, Sao Paulo, SP, BRA, 05038-090
Grupo SBF SA is a sports retailing company based in Brazil. It operates through omnichannel and multichannel platforms, with operations integrated into various channels such as physical stores, desktop and mobile applications.
92GF Score

Get the complete analysis for BSP:SBFG3

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$10.17
Price
R$14.17
GF Value