Topps Tiles (CHIX:TPTL) Gross Margin %: 52.93% (As of Mar. 2026) — Near Median


CHIX:TPTL Topps Tiles PLC CHIX:TPTL
50 GF Score
Price £0.34
GF Value £0.45
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Topps Tiles Gross Margin %?

Topps Tiles CHIX:TPTL 50 Gross Margin % is 52.93% as of Mar. 2026, which is 9% below its 10-year median of 57.92. GuruFocus rates CHIX:TPTL with a GF Score™ of 50/100 and a GF Value™ of £0.45 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,117 Retail - Cyclical companies, Topps Tiles ranks better than 76.37% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Topps Tiles's Gross Profit for the six months ended in Mar. 2026 was £75.5 Mil. Topps Tiles's Revenue for the six months ended in Mar. 2026 was £142.6 Mil. Therefore, Topps Tiles's Gross Margin % for the quarter that ended in Mar. 2026 was 52.93%.

Warning Sign:

Topps Tiles PLC gross margin has been in long-term decline. The average rate of decline per year is -2.3%.


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

CHIX:TPTl' s Gross Margin % Range Over the Past 10 Years
Min: 52.18   Med: 57.92   Max: 61.94
Current: 52.7


During the past 13 years, the highest Gross Margin % of Topps Tiles was 61.94%. The lowest was 52.18%. And the median was 57.92%.

CHIX:TPTl's Gross Margin % is ranked better than
76.37% of 1117 companies
in the Retail - Cyclical industry
Industry Median: 36.23 vs CHIX:TPTl: 52.70

Topps Tiles had a gross margin of 52.93% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Topps Tiles was -2.30% per year.


Topps Tiles  (CHIX:TPTl) 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

Topps Tiles had a gross margin of 52.93% 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.


Topps Tiles Gross Margin % Related Terms


Topps Tiles Gross Margin % Historical Data

* Premium members only.

The historical data trend for Topps Tiles'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.

Topps Tiles Gross Margin % Chart

Topps Tiles Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.33 54.77 53.00 53.35 52.18

Topps Tiles Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 53.95 52.79 51.85 52.49 52.93

CHIX:TPTL vs HD, LOW, FND: Gross Margin % Comparison

For the Home Improvement Retail subindustry, Topps Tiles'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.


Topps Tiles Gross Margin % vs Retail - Cyclical Industry

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

* The bar in red indicates where Topps Tiles's Gross Margin % falls into.


CHIX:TPTL
50GF Score
Topps Tiles PLC CHIX:TPTL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Topps Tiles Gross Margin % Calculation

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

Topps Tiles's Gross Margin for the fiscal year that ended in Sep. 2025 is calculated as

Gross Margin % (A: Sep. 2025 )=Gross Profit (A: Sep. 2025 ) / Revenue (A: Sep. 2025 )
=154.3 / 295.754
=(Revenue - Cost of Goods Sold) / Revenue
=(295.754 - 141.428) / 295.754
=52.18 %

Topps Tiles'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 )
=75.5 / 142.602
=(Revenue - Cost of Goods Sold) / Revenue
=(142.602 - 67.128) / 142.602
=52.93 %

* 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 52.93% mean?
Topps Tiles (CHIX:TPTL) has a Gross Margin % of 52.93% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Topps Tiles and its competitors. This is near median its historical median of 57.92. Over the past decade, Topps Tiles' Gross Margin % has ranged from 52.18 to 61.94. According to the industry distribution chart, Topps Tiles ranks #264 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 23.6%.
Is Topps Tiles' Gross Margin % too high?
Topps Tiles' current Gross Margin % of 52.93% is near median its 10-year median of 57.92. Over the past 10 years, this metric has ranged from a low of 52.18 to a high of 61.94. The Retail - Cyclical industry median Gross Margin % is 36.23. Topps Tiles' value of 52.93% is 46.1% above this industry median. Based on the distribution chart, Topps Tiles ranks #264 out of 1117 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Topps Tiles has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Topps Tiles' Gross Margin % compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Topps Tiles ranks #264 out of 1117 companies for Gross Margin %. This places Topps Tiles in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.23. Topps Tiles' value of 52.93% is 46.1% above this benchmark. Historically, Topps Tiles' own Gross Margin % has ranged from 52.18 to 61.94 over the past decade. While the company's 10-year median is 57.92 vs. the industry median of 36.23, Topps Tiles 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 36.23, based on 1,117 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. Topps Tiles's current Gross Margin % of 52.93% is 46.1% 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 Topps Tiles and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topps Tiles's current Gross Margin % is 52.93%, which is near median its own 10-year median of 57.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topps Tiles stock overvalued right now?
Based on GuruFocus' analysis, Topps Tiles (CHIX:TPTL) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.45, compared to a current price of £0.34 — trading 24% below its estimated fair value. The current Gross Margin % is 52.93%, which is near median its 10-year median of 57.92 and 46.1% above the Retail - Cyclical industry median of 36.23. Topps Tiles' overall GF Score™ is 50/100 with 5 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 Topps Tiles (CHIX:TPTL), the current Gross Margin % is 52.93% 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 Topps Tiles (CHIX:TPTL) Overvalued in 2026?

Based on GuruFocus' analysis, Topps Tiles stock appears to be undervalued. The current stock price of £0.34 is trading 24% below its estimated GF Value™ of £0.45. GuruFocus considers Topps Tiles to be Modestly Undervalued.

Key valuation signals for CHIX:TPTL:

  • Gross Margin %: 52.93% (near median its 10-year median of 57.92)
  • GF Value™: £0.45 vs. price of £0.34 (24% below fair value)
  • GF Score™: 50/100 with 5 warning signs
  • Industry Position: 46.1% above the Retail - Cyclical median (#264 of 1117)

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


Topps Tiles Business Description

Other Exchanges TPT:UK
Address Thorpe Way, Grove Park, Enderby, Leicestershire, GBR, LE19 1SU
Topps Tiles PLC is a tile and flooring retailer in the UK. The company focuses on selling ceramic and porcelain tiles, natural stone, and related products for homes and businesses. It offers products such as bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and other tools and essentials. The company operates in the UK, the EU, and the rest of the world, and generates the majority of its revenue from sales in the UK.
50GF Score

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

£0.34
Price
£0.45
GF Value