InCoax Networks ABFRA:86M -2.95%48 Gross Margin % is 392.05% as of Mar. 2026, which is 347% above its 10-year median of 87.65. GuruFocus rates FRA:86M with a GF Score™ of 48/100 and a GF Value™ of €0.03. The stock has 3 warning signs investors should review. Among 2,449 Hardware companies, InCoax Networks AB ranks better than 99.84% on this metric.
The historical rank and industry rank for InCoax Networks AB's Gross Margin % or its related term are showing as below:
FRA:86M'
s Gross Margin % Range Over the Past 10 Years
Min: -187.76 Med: 87.65 Max: 160.16
Current: 160.16
During the past 10 years, the highestGross Margin % of InCoax Networks AB was 160.16%. The lowest was -187.76%. And the median was 87.65%.
FRA:86M's Gross Margin % is ranked better than 99.84% of 2449
companies
in the Hardware industry
Industry Median: 24.5
vs FRA:86M: 160.16
InCoax Networks AB had a gross margin of 392.05% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for InCoax Networks AB was 7.60% per year.
InCoax Networks AB (FRA:86M) 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
InCoax Networks AB had a gross margin of 392.05% 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.
InCoax Networks AB Gross Margin % Related Terms
InCoax Networks AB Gross Margin % Historical Data
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The historical data trend for InCoax Networks AB'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:86M vs CSCO, CIEN, MSI: Gross Margin % Comparison
For the Communication Equipment subindustry, InCoax Networks AB'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.
InCoax Networks AB Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, InCoax Networks AB's Gross Margin % distribution charts can be found below:
* The bar in red indicates where InCoax Networks AB'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.
InCoax Networks AB (FRA:86M) has a Gross Margin % of 392.05% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on InCoax Networks AB and its competitors. This is 347% above median its historical median of 87.65. According to the industry distribution chart, InCoax Networks AB ranks #4 out of 2449 companies in the Hardware industry, placing it in the top 0.2%.
Is InCoax Networks AB's Gross Margin % too high?
InCoax Networks AB's current Gross Margin % of 392.05% is 347% above median its 10-year median of 87.65. The Hardware industry median Gross Margin % is 24.50. InCoax Networks AB's value of 392.05% is 1500.2% above this industry median. Based on the distribution chart, InCoax Networks AB ranks #4 out of 2449 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, InCoax Networks AB has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does InCoax Networks AB's Gross Margin % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, InCoax Networks AB ranks #4 out of 2449 companies for Gross Margin %. This places InCoax Networks AB in the top 0% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.50. InCoax Networks AB's value of 392.05% is 1500.2% above this benchmark. While the company's 10-year median is 87.65 vs. the industry median of 24.50, InCoax Networks AB 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,449 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. InCoax Networks AB's current Gross Margin % of 392.05% is 1500.2% 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 InCoax Networks AB and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InCoax Networks AB's current Gross Margin % is 392.05%, which is 347% above median its own 10-year median of 87.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InCoax Networks AB stock overvalued right now?
InCoax Networks AB (FRA:86M) has a current Gross Margin % of 392.05%. The stock's GF Value™ is €0.03, compared to a current price of €0.07 — trading 141.3% above its estimated fair value. The current Gross Margin % is 392.05%, which is 347% above median its 10-year median of 87.65 and 1500.2% above the Hardware industry median of 24.50. InCoax Networks AB's overall GF Score™ is 48/100 with 3 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 InCoax Networks AB (FRA:86M), the current Gross Margin % is 392.05% 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 InCoax Networks AB (FRA:86M) Overvalued in 2026?
Based on GuruFocus' analysis, InCoax Networks AB stock appears to be overvalued.
The current stock price of €0.07 is trading 141.3% above its estimated GF Value™ of €0.03.
Key valuation signals for FRA:86M:
Gross Margin %: 392.05% (347% above median its 10-year median of 87.65)
GF Value™: €0.03 vs. price of €0.07 (141.3% above fair value)
Industry Position: 1500.2% above the Hardware median (#4 of 2449)
No single metric tells the full story. See the FRA:86M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InCoax Networks AB is a Swedish technology company that develops system solutions for broadband access in multi-dwelling buildings and other properties with existing coaxial cabling. The company's products include Incoax, Fiber Access & Fixed Wireless Access (FWA) Extension Over Coax, MoCA Access 2.5 standard, Whitepaper, in:xtnd Control, 5 Gbps InCoax Access, InCoax Combine, InCoax Manage CLM. The business model is mainly based on hardware sales, complemented by software, support, and maintenance. In larger rollouts, market development and delivery often take place together with distributors, resellers, and system integrators. Its customer mainly targets operators that need a faster and more cost-effective and second important customer group is FWA operators.
48GF Score
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