Endeavour SilverEXK +5.84%86 Gross Margin % is 44.49% as of Mar. 2026, which is 135% above its 10-year median of 18.93. GuruFocus rates EXK with a GF Score™ of 86/100 and a GF Value™ of $9.12 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 730 Metals & Mining companies, Endeavour Silver ranks better than 50.55% on this metric.
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
Endeavour Silver had a gross margin of 44.49% 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.
Endeavour Silver Gross Margin % Related Terms
Endeavour Silver Gross Margin % Historical Data
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The historical data trend for Endeavour Silver'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 Silver subindustry, Endeavour Silver'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.
Endeavour Silver Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Endeavour Silver's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Endeavour Silver'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.
Endeavour Silver (EXK) has a Gross Margin % of 44.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Endeavour Silver and its competitors. This is 135% above median its historical median of 18.93. According to the industry distribution chart, Endeavour Silver ranks #361 out of 730 companies in the Metals & Mining industry, placing it in the top 49.5%.
Is Endeavour Silver's Gross Margin % too high?
Endeavour Silver's current Gross Margin % of 44.49% is 135% above median its 10-year median of 18.93. The Metals & Mining industry median Gross Margin % is 26.18. Endeavour Silver's value of 44.49% is 70% above this industry median. Based on the distribution chart, Endeavour Silver ranks #361 out of 730 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Endeavour Silver has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Endeavour Silver's Gross Margin % compare to KALU and HYMC?
According to the Metals & Mining industry distribution chart, Endeavour Silver ranks #361 out of 730 companies for Gross Margin %. This puts Endeavour Silver in the upper half of its industry. The industry median Gross Margin % is 26.18. Endeavour Silver's value of 44.49% is 70% above this benchmark. While the company's 10-year median is 18.93 vs. the industry median of 26.18, Endeavour Silver 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 26.18, based on 730 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. Endeavour Silver's current Gross Margin % of 44.49% is 70% 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 Endeavour Silver and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Endeavour Silver's current Gross Margin % is 44.49%, which is 135% above median its own 10-year median of 18.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endeavour Silver stock overvalued right now?
Based on GuruFocus' analysis, Endeavour Silver (EXK) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.12, compared to a current price of $8.16 — trading 10.5% below its estimated fair value. The current Gross Margin % is 44.49%, which is 135% above median its 10-year median of 18.93 and 70% above the Metals & Mining industry median of 26.18. Endeavour Silver's overall GF Score™ is 86/100 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 Endeavour Silver (EXK), the current Gross Margin % is 44.49% 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 Endeavour Silver (EXK) Overvalued in 2026?
Based on GuruFocus' analysis, Endeavour Silver stock appears to be undervalued.
The current stock price of $8.16 is trading 10.5% below its estimated GF Value™ of $9.12.
GuruFocus considers Endeavour Silver to be Modestly Undervalued.
Key valuation signals for EXK:
Gross Margin %: 44.49% (135% above median its 10-year median of 18.93)
GF Value™: $9.12 vs. price of $8.16 (10.5% below fair value)
Industry Position: 70% above the Metals & Mining median (#361 of 730)
No single metric tells the full story. See the EXK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico and Chile. The Company has three operating mining segments namely; Guanacevi and Terronera in Mexico, and Minera Kolpa in Peru. The company has one development project in Mexico, Terronera, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico, Chile, and the USA.
86GF Score
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