ErametERMAY 71 Gross Margin % is 49.89% as of Dec. 2025, which is 14% below its 10-year median of 57.91. GuruFocus rates ERMAY with a GF Score™ of 71/100 and a GF Value™ of $6.08 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 729 Metals & Mining companies, Eramet ranks better than 77.37% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Eramet's Gross Profit for the
six
months ended in Dec. 2025 was $788 Mil. Eramet's Revenue for the
six
months ended in Dec. 2025 was $1,580 Mil. Therefore, Eramet's Gross Margin % for the quarter that ended in Dec. 2025 was 49.89%.
Warning Sign:
Eramet SA gross margin has been in long-term decline. The average rate of decline per year is -3.2%.
The historical rank and industry rank for Eramet's Gross Margin % or its related term are showing as below:
ERMAY'
s Gross Margin % Range Over the Past 10 Years
Min: 9.78 Med: 57.91 Max: 67.09
Current: 53.36
During the past 13 years, the highestGross Margin % of Eramet was 67.09%. The lowest was 9.78%. And the median was 57.91%.
ERMAY's Gross Margin % is ranked better than 77.37% of 729
companies
in the Metals & Mining industry
Industry Median: 26.2
vs ERMAY: 53.36
Eramet had a gross margin of 49.89% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Eramet was -3.20% per year.
Eramet (OTCPK:ERMAY) 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
Eramet had a gross margin of 49.89% for the quarter that ended in Dec. 2025 => 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.
Eramet Gross Margin % Related Terms
Eramet Gross Margin % Historical Data
* Premium members only.
The historical data trend for Eramet'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.
For the Other Industrial Metals & Mining subindustry, Eramet'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.
Eramet Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Eramet's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Eramet'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.
Eramet (ERMAY) has a Gross Margin % of 49.89% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Eramet and its competitors. This is 14% below median its historical median of 57.91. Over the past decade, Eramet's Gross Margin % has ranged from 9.78 to 67.09. According to the industry distribution chart, Eramet ranks #165 out of 729 companies in the Metals & Mining industry, placing it in the top 22.6%.
Is Eramet's Gross Margin % too high?
Eramet's current Gross Margin % of 49.89% is 14% below median its 10-year median of 57.91. Over the past 10 years, this metric has ranged from a low of 9.78 to a high of 67.09. The Metals & Mining industry median Gross Margin % is 26.20. Eramet's value of 49.89% is 90.4% above this industry median. Based on the distribution chart, Eramet ranks #165 out of 729 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Eramet has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eramet's Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Eramet ranks #165 out of 729 companies for Gross Margin %. This places Eramet in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.20. Eramet's value of 49.89% is 90.4% above this benchmark. Historically, Eramet's own Gross Margin % has ranged from 9.78 to 67.09 over the past decade. While the company's 10-year median is 57.91 vs. the industry median of 26.20, Eramet 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.20, based on 729 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. Eramet's current Gross Margin % of 49.89% is 90.4% 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 Eramet and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eramet's current Gross Margin % is 49.89%, which is 14% below median its own 10-year median of 57.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eramet stock overvalued right now?
Based on GuruFocus' analysis, Eramet (ERMAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $6.08, compared to a current price of $5.30 — trading 12.9% below its estimated fair value. The current Gross Margin % is 49.89%, which is 14% below median its 10-year median of 57.91 and 90.4% above the Metals & Mining industry median of 26.20. Eramet's overall GF Score™ is 71/100 with 8 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 Eramet (ERMAY), the current Gross Margin % is 49.89% as of Dec. 2025. 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 Eramet (ERMAY) Overvalued in 2026?
Based on GuruFocus' analysis, Eramet stock appears to be undervalued.
The current stock price of $5.30 is trading 12.9% below its estimated GF Value™ of $6.08.
GuruFocus considers Eramet to be Modestly Undervalued.
Key valuation signals for ERMAY:
Gross Margin %: 49.89% (14% below median its 10-year median of 57.91)
GF Value™: $6.08 vs. price of $5.30 (12.9% below fair value)
Industry Position: 90.4% above the Metals & Mining median (#165 of 729)
No single metric tells the full story. See the ERMAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eramet SA is a French mining and metallurgical company focused on the extraction, production, and sale of alloying metals, principally Manganese, Nickel, Mineral Sands, and Lithium. The company is also engaged in the production and transformation of alloys. Manganese constitutes nearly half of the company's revenue, followed by Nickel. Geographically, the majority of the company's revenue is generated from Asia and the rest from Europe, North America, France, China, Oceania, Africa and South America.
71GF Score
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