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Bright Smart Securitiesmmodities Group (FRA:0BX) 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
Bright Smart Securitiesmmodities Group had a gross margin of 84.89% for the quarter that ended in Sep. 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.
Bright Smart Securitiesmmodities Group Gross Margin % Related Terms
Bright Smart Securitiesmmodities Group Gross Margin % Historical Data
* 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.
Bright Smart Securitiesmmodities Group Gross Margin % Chart
Bright Smart Securitiesmmodities Group Annual Data
FRA:0BX vs MS, GS, SCHW: Gross Margin % Comparison
For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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.
Bright Smart Securitiesmmodities Group Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bright Smart Securitiesmmodities Group'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.
Bright Smart Securitiesmmodities Group (FRA:0BX) has a Gross Margin % of 84.89% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Bright Smart Securitiesmmodities Group and its competitors. This is near median its historical median of 86.63. Over the past decade, Bright Smart Securitiesmmodities Group's Gross Margin % has ranged from 80.50 to 91.95. According to the industry distribution chart, Bright Smart Securitiesmmodities Group ranks #75 out of 620 companies in the Capital Markets industry, placing it in the top 12.1%.
Is Bright Smart Securitiesmmodities Group's Gross Margin % too high?
Bright Smart Securitiesmmodities Group's current Gross Margin % of 84.89% is near median its 10-year median of 86.63. Over the past 10 years, this metric has ranged from a low of 80.50 to a high of 91.95. The Capital Markets industry median Gross Margin % is 49.87. Bright Smart Securitiesmmodities Group's value of 84.89% is 70.2% above this industry median. Based on the distribution chart, Bright Smart Securitiesmmodities Group ranks #75 out of 620 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bright Smart Securitiesmmodities Group has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Smart Securitiesmmodities Group's Gross Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Bright Smart Securitiesmmodities Group ranks #75 out of 620 companies for Gross Margin %. This places Bright Smart Securitiesmmodities Group in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 49.87. Bright Smart Securitiesmmodities Group's value of 84.89% is 70.2% above this benchmark. Historically, Bright Smart Securitiesmmodities Group's own Gross Margin % has ranged from 80.50 to 91.95 over the past decade. While the company's 10-year median is 86.63 vs. the industry median of 49.87, Bright Smart Securitiesmmodities Group 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.87, based on 620 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. Bright Smart Securitiesmmodities Group's current Gross Margin % of 84.89% is 70.2% 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 Bright Smart Securitiesmmodities Group and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Smart Securitiesmmodities Group's current Gross Margin % is 84.89%, which is near median its own 10-year median of 86.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Smart Securitiesmmodities Group stock overvalued right now?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group (FRA:0BX) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.24, compared to a current price of €0.67 — trading 177.1% above its estimated fair value. The current Gross Margin % is 84.89%, which is near median its 10-year median of 86.63 and 70.2% above the Capital Markets industry median of 49.87. Bright Smart Securitiesmmodities Group's overall GF Score™ is 38/100 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 Bright Smart Securitiesmmodities Group (FRA:0BX), the current Gross Margin % is 84.89% as of Sep. 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 Bright Smart Securitiesmmodities Group (FRA:0BX) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group stock appears to be overvalued.
The current stock price of €0.67 is trading 177.1% above its estimated GF Value™ of €0.24.
GuruFocus considers Bright Smart Securitiesmmodities Group to be Significantly Overvalued.
Key valuation signals for FRA:0BX:
Gross Margin %: 84.89% (near median its 10-year median of 86.63)
GF Value™: €0.24 vs. price of €0.67 (177.1% above fair value)
Industry Position: 70.2% above the Capital Markets median (#75 of 620)
No single metric tells the full story. See the FRA:0BX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Smart Securitiesmmodities Group Business Description
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.
38GF Score
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