CHT (Chunghwa Telecom Co) Gross Margin %: 37.59% (As of Mar. 2026) — Near Median


CHT Chunghwa Telecom Co Ltd CHT
78 GF Score
Price $44.94
GF Value $42.33
Valuation Fairly Valued
! 6 Warning Signs
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What is Chunghwa Telecom Co Gross Margin %?

Chunghwa Telecom Co CHT +0.33% 78 Gross Margin % is 37.59% as of Mar. 2026, which is 5% above its 10-year median of 35.67. GuruFocus rates CHT with a GF Score™ of 78/100 and a GF Value™ of $42.33 (Fairly Valued). The stock has 6 warning signs investors should review. Among 344 Telecommunication Services companies, Chunghwa Telecom Co ranks worse than 67.44% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Chunghwa Telecom Co's Gross Profit for the three months ended in Mar. 2026 was $704 Mil. Chunghwa Telecom Co's Revenue for the three months ended in Mar. 2026 was $1,872 Mil. Therefore, Chunghwa Telecom Co's Gross Margin % for the quarter that ended in Mar. 2026 was 37.59%.


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

CHT' s Gross Margin % Range Over the Past 10 Years
Min: 33.93   Med: 35.67   Max: 36.62
Current: 36.32


During the past 13 years, the highest Gross Margin % of Chunghwa Telecom Co was 36.62%. The lowest was 33.93%. And the median was 35.67%.

CHT's Gross Margin % is ranked worse than
67.44% of 344 companies
in the Telecommunication Services industry
Industry Median: 51.415 vs CHT: 36.32

Chunghwa Telecom Co had a gross margin of 37.59% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Chunghwa Telecom Co was 1.10% per year.


Chunghwa Telecom Co  (NYSE:CHT) 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

Chunghwa Telecom Co had a gross margin of 37.59% 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.


Chunghwa Telecom Co Gross Margin % Related Terms


Chunghwa Telecom Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Chunghwa Telecom Co'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.

Chunghwa Telecom Co Gross Margin % Chart

Chunghwa Telecom Co 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 35.49 36.62 36.00 35.87 36.47

Chunghwa Telecom Co 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 38.29 38.02 36.79 33.30 37.59

CHT vs TMUS, VZ, T: Gross Margin % Comparison

For the Telecom Services subindustry, Chunghwa Telecom Co'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.


Chunghwa Telecom Co Gross Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Chunghwa Telecom Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Chunghwa Telecom Co's Gross Margin % falls into.


CHT
78GF Score
Chunghwa Telecom Co Ltd CHT
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Chunghwa Telecom Co Gross Margin % Calculation

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

Chunghwa Telecom Co'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 )
=2730.5 / 7487.521
=(Revenue - Cost of Goods Sold) / Revenue
=(7487.521 - 4757.067) / 7487.521
=36.47 %

Chunghwa Telecom Co'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 )
=703.8 / 1872.288
=(Revenue - Cost of Goods Sold) / Revenue
=(1872.288 - 1168.456) / 1872.288
=37.59 %

* 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 37.59% mean?
Chunghwa Telecom Co (CHT) has a Gross Margin % of 37.59% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Chunghwa Telecom Co and its competitors. This is near median its historical median of 35.67. Over the past decade, Chunghwa Telecom Co's Gross Margin % has ranged from 33.93 to 36.62. According to the industry distribution chart, Chunghwa Telecom Co ranks #232 out of 344 companies in the Telecommunication Services industry, placing it in the top 67.4%.
Is Chunghwa Telecom Co's Gross Margin % too high?
Chunghwa Telecom Co's current Gross Margin % of 37.59% is near median its 10-year median of 35.67. Over the past 10 years, this metric has ranged from a low of 33.93 to a high of 36.62. The Telecommunication Services industry median Gross Margin % is 51.42. Chunghwa Telecom Co's value of 37.59% is 26.9% below this industry median. Based on the distribution chart, Chunghwa Telecom Co ranks #232 out of 344 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Chunghwa Telecom Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chunghwa Telecom Co's Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Chunghwa Telecom Co ranks #232 out of 344 companies for Gross Margin %. This places Chunghwa Telecom Co in the lower half of its industry. The industry median Gross Margin % is 51.42. Chunghwa Telecom Co's value of 37.59% is 26.9% below this benchmark. Historically, Chunghwa Telecom Co's own Gross Margin % has ranged from 33.93 to 36.62 over the past decade. While the company's 10-year median is 35.67 vs. the industry median of 51.42, Chunghwa Telecom Co has consistently been below 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 Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.42, based on 344 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. Chunghwa Telecom Co's current Gross Margin % of 37.59% is 26.9% below 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 Chunghwa Telecom Co and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chunghwa Telecom Co's current Gross Margin % is 37.59%, which is near median its own 10-year median of 35.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chunghwa Telecom Co stock overvalued right now?
Based on GuruFocus' analysis, Chunghwa Telecom Co (CHT) is currently considered Fairly Valued. The stock's GF Value™ is $42.33, compared to a current price of $44.94 — trading 6.2% above its estimated fair value. The current Gross Margin % is 37.59%, which is near median its 10-year median of 35.67 and 26.9% below the Telecommunication Services industry median of 51.42. Chunghwa Telecom Co's overall GF Score™ is 78/100 with 6 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 Chunghwa Telecom Co (CHT), the current Gross Margin % is 37.59% 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 Chunghwa Telecom Co (CHT) Overvalued in 2026?

Based on GuruFocus' analysis, Chunghwa Telecom Co stock appears to be overvalued. The current stock price of $44.94 is trading 6.2% above its estimated GF Value™ of $42.33. GuruFocus considers Chunghwa Telecom Co to be Fairly Valued.

Key valuation signals for CHT:

  • Gross Margin %: 37.59% (near median its 10-year median of 35.67)
  • GF Value™: $42.33 vs. price of $44.94 (6.2% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 26.9% below the Telecommunication Services median (#232 of 344)

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


Chunghwa Telecom Co Business Description

Other Exchanges 2412:Taiwan
Address Hsinyi Road, Section 1, No. 21-3, Zhongzheng District, Taipei, TWN, 100012
Chunghwa Telecom Co Ltd is Taiwan's integrated telecom operator, providing fixed-line, wireless, and Internet and data services. The company's reportable segments are: Consumer Business, Enterprise Business, International Business, and Others. The majority of its revenue comes from the Consumer Business, which focuses on individual and home-centric businesses, such as mobile, fixed broadband, Wi-Fi, IPTV (MOD), and OTT services. The Enterprise business offers IDC, cloud, cybersecurity, 5G, AIoT, data, AI, enterprise digital transformation, and system integration services to businesses, and the International business segment represents services offered to international customers. Geographically, the company generates maximum revenue from its business in Taiwan.
78GF Score

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

$44.94
Price
$42.33
GF Value