NcinoFRA:6NCA -1.99%65 Gross Margin % is 63.32% as of Apr. 2026, which is 8% above its 10-year median of 58.46. GuruFocus rates FRA:6NCA with a GF Score™ of 65/100 and a GF Value™ of €32.85 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 2,685 Software companies, Ncino ranks better than 71.43% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Ncino's Gross Profit for the
three
months ended in Apr. 2026 was €86.3 Mil. Ncino's Revenue for the
three
months ended in Apr. 2026 was €136.3 Mil. Therefore, Ncino's Gross Margin % for the quarter that ended in Apr. 2026 was 63.32%.
The historical rank and industry rank for Ncino's Gross Margin % or its related term are showing as below:
FRA:6NCA'
s Gross Margin % Range Over the Past 10 Years
Min: 47.59 Med: 58.46 Max: 61.42
Current: 61.42
During the past 9 years, the highestGross Margin % of Ncino was 61.42%. The lowest was 47.59%. And the median was 58.46%.
FRA:6NCA's Gross Margin % is ranked better than 71.43% of 2685
companies
in the Software industry
Industry Median: 40.49
vs FRA:6NCA: 61.42
Ncino had a gross margin of 63.32% for the quarter that ended in Apr. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ncino was 1.10% per year.
Ncino (FRA:6NCA) 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
Ncino had a gross margin of 63.32% for the quarter that ended in Apr. 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.
Ncino Gross Margin % Related Terms
Ncino Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ncino'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.
FRA:6NCA vs ALKT, BL, EVCM: Gross Margin % Comparison
For the Software - Application subindustry, Ncino'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.
Ncino Gross Margin % vs Software Industry
For the Software industry and Technology sector, Ncino's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ncino'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.
Ncino (FRA:6NCA) has a Gross Margin % of 63.32% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ncino and its competitors. This is near median its historical median of 58.46. Over the past decade, Ncino's Gross Margin % has ranged from 47.59 to 61.42. According to the industry distribution chart, Ncino ranks #767 out of 2685 companies in the Software industry, placing it in the top 28.6%.
Is Ncino's Gross Margin % too high?
Ncino's current Gross Margin % of 63.32% is near median its 10-year median of 58.46. Over the past 10 years, this metric has ranged from a low of 47.59 to a high of 61.42. The Software industry median Gross Margin % is 40.49. Ncino's value of 63.32% is 56.4% above this industry median. Based on the distribution chart, Ncino ranks #767 out of 2685 companies in the Software industry, which is above the industry midpoint. Overall, Ncino has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ncino's Gross Margin % compare to ALKT and BL?
According to the Software industry distribution chart, Ncino ranks #767 out of 2685 companies for Gross Margin %. This puts Ncino in the upper half of its industry. The industry median Gross Margin % is 40.49. Ncino's value of 63.32% is 56.4% above this benchmark. Historically, Ncino's own Gross Margin % has ranged from 47.59 to 61.42 over the past decade. While the company's 10-year median is 58.46 vs. the industry median of 40.49, Ncino 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 Software company?
The median Gross Margin % among Software companies is 40.49, based on 2,685 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. Ncino's current Gross Margin % of 63.32% is 56.4% 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 Ncino and its competitors. For the Software industry, the median Gross Margin % is 40.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ncino's current Gross Margin % is 63.32%, which is near median its own 10-year median of 58.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ncino stock overvalued right now?
Based on GuruFocus' analysis, Ncino (FRA:6NCA) is currently considered Significantly Undervalued. The stock's GF Value™ is €32.85, compared to a current price of €14.80 — trading 54.9% below its estimated fair value. The current Gross Margin % is 63.32%, which is near median its 10-year median of 58.46 and 56.4% above the Software industry median of 40.49. Ncino's overall GF Score™ is 65/100 with 7 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 Ncino (FRA:6NCA), the current Gross Margin % is 63.32% as of Apr. 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 Ncino (FRA:6NCA) Overvalued in 2026?
Based on GuruFocus' analysis, Ncino stock appears to be undervalued.
The current stock price of €14.80 is trading 54.9% below its estimated GF Value™ of €32.85.
GuruFocus considers Ncino to be Significantly Undervalued.
Key valuation signals for FRA:6NCA:
Gross Margin %: 63.32% (near median its 10-year median of 58.46)
GF Value™: €32.85 vs. price of €14.80 (54.9% below fair value)
Industry Position: 56.4% above the Software median (#767 of 2685)
No single metric tells the full story. See the FRA:6NCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ncino Inc is a provider of cloud-based software for financial institutions. It is focused on developing the nCino Platform to transform commercial and small business lending for community and regional banks in the U.S. With the company's platform financial institutions can Operate More Intelligently, Improve Efficiency, Elevate Employee and Client Experiences, and Manage Risk and Compliance Continuously Rather Than Reactively. It has built and acquired technology, including SimpleNexus, DocFox, FullCircl, ILT, Visible Equity, FinSuite, and Sandbox Banking, to augment the nCino Platform's capabilities for mortgage lending, onboarding, account opening, indirect auto lending, and analytics and AI. The company operates as one operating segment.
65GF Score
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