Veste Estilo (BSP:VSTE3) Gross Margin %: 64.65% (As of Mar. 2026) — Near Median


BSP:VSTE3 Veste SA Estilo BSP:VSTE3
53 GF Score
Price R$3.50
GF Value R$6.81
Valuation Possible Value Trap
! 4 Warning Signs
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What is Veste Estilo Gross Margin %?

Veste Estilo BSP:VSTE3 -6.42% 53 Gross Margin % is 64.65% as of Mar. 2026, which is 8% above its 10-year median of 60.12. GuruFocus rates BSP:VSTE3 with a GF Score™ of 53/100 and a GF Value™ of R$6.81 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Veste Estilo ranks better than 90.12% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Veste Estilo's Gross Profit for the three months ended in Mar. 2026 was R$197 Mil. Veste Estilo's Revenue for the three months ended in Mar. 2026 was R$305 Mil. Therefore, Veste Estilo's Gross Margin % for the quarter that ended in Mar. 2026 was 64.65%.


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

BSP:VSTE3' s Gross Margin % Range Over the Past 10 Years
Min: 47.52   Med: 60.12   Max: 65.67
Current: 64.13


During the past 13 years, the highest Gross Margin % of Veste Estilo was 65.67%. The lowest was 47.52%. And the median was 60.12%.

BSP:VSTE3's Gross Margin % is ranked better than
90.12% of 1113 companies
in the Retail - Cyclical industry
Industry Median: 36.26 vs BSP:VSTE3: 64.13

Veste Estilo had a gross margin of 64.65% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Veste Estilo was 5.60% per year.


Veste Estilo  (BSP:VSTE3) 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

Veste Estilo had a gross margin of 64.65% 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.


Veste Estilo Gross Margin % Related Terms


Veste Estilo Gross Margin % Historical Data

* Premium members only.

The historical data trend for Veste Estilo'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.

Veste Estilo Gross Margin % Chart

Veste Estilo 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 52.20 61.96 65.67 63.27 63.67

Veste Estilo 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 62.58 64.12 64.01 63.78 64.65

BSP:VSTE3 vs TJX, ROST, BURL: Gross Margin % Comparison

For the Apparel Retail subindustry, Veste Estilo'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.


Veste Estilo Gross Margin % vs Retail - Cyclical Industry

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

* The bar in red indicates where Veste Estilo's Gross Margin % falls into.


BSP:VSTE3
53GF Score
Veste SA Estilo BSP:VSTE3
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veste Estilo Gross Margin % Calculation

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

Veste Estilo'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 )
=783.7 / 1230.948
=(Revenue - Cost of Goods Sold) / Revenue
=(1230.948 - 447.248) / 1230.948
=63.67 %

Veste Estilo'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 )
=196.9 / 304.566
=(Revenue - Cost of Goods Sold) / Revenue
=(304.566 - 107.656) / 304.566
=64.65 %

* 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 64.65% mean?
Veste Estilo (BSP:VSTE3) has a Gross Margin % of 64.65% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Veste Estilo and its competitors. This is near median its historical median of 60.12. Over the past decade, Veste Estilo's Gross Margin % has ranged from 47.52 to 65.67. According to the industry distribution chart, Veste Estilo ranks #110 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 9.9%.
Is Veste Estilo's Gross Margin % too high?
Veste Estilo's current Gross Margin % of 64.65% is near median its 10-year median of 60.12. Over the past 10 years, this metric has ranged from a low of 47.52 to a high of 65.67. The Retail - Cyclical industry median Gross Margin % is 36.26. Veste Estilo's value of 64.65% is 78.3% above this industry median. Based on the distribution chart, Veste Estilo ranks #110 out of 1113 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Veste Estilo has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Veste Estilo's Gross Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Veste Estilo ranks #110 out of 1113 companies for Gross Margin %. This places Veste Estilo in the top 10% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.26. Veste Estilo's value of 64.65% is 78.3% above this benchmark. Historically, Veste Estilo's own Gross Margin % has ranged from 47.52 to 65.67 over the past decade. While the company's 10-year median is 60.12 vs. the industry median of 36.26, Veste Estilo 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 36.26, 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. Veste Estilo's current Gross Margin % of 64.65% is 78.3% 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 Veste Estilo and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veste Estilo's current Gross Margin % is 64.65%, which is near median its own 10-year median of 60.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veste Estilo stock overvalued right now?
Based on GuruFocus' analysis, Veste Estilo (BSP:VSTE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$6.81, compared to a current price of R$3.50 — trading 48.6% below its estimated fair value. The current Gross Margin % is 64.65%, which is near median its 10-year median of 60.12 and 78.3% above the Retail - Cyclical industry median of 36.26. Veste Estilo's overall GF Score™ is 53/100 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 Veste Estilo (BSP:VSTE3), the current Gross Margin % is 64.65% 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 Veste Estilo (BSP:VSTE3) Overvalued in 2026?

Based on GuruFocus' analysis, Veste Estilo stock appears to be undervalued. The current stock price of R$3.50 is trading 48.6% below its estimated GF Value™ of R$6.81. GuruFocus considers Veste Estilo to be Possible Value Trap.

Key valuation signals for BSP:VSTE3:

  • Gross Margin %: 64.65% (near median its 10-year median of 60.12)
  • GF Value™: R$6.81 vs. price of R$3.50 (48.6% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 78.3% above the Retail - Cyclical median (#110 of 1113)

No single metric tells the full story. See the BSP:VSTE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Veste Estilo Business Description

Address Rua Othão, 405, Sao Paulo, SP, BRA, 05313-020
Veste SA Estilo is engaged in apparel industry retailers and high-end accessories in Brazil. The Company's main objectives are: development, exploration of the industry, trade, import and export of clothing and clothing accessories and trading in decorative, hygiene and cosmetic objects, among others. It produces clothes, accessories, footwear, and articles for the home, always in line with contemporary lifestyle, bringing joy, elegance, and well-being to customers under its brands Le Lis, Dudalina, john john, Stew, and Individual. The company focuses on designing, developing, manufacturing, and trading apparel and accessories for women and men.
53GF Score

Get the complete analysis for BSP:VSTE3

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

R$3.50
Price
R$6.81
GF Value