CML MicrosystemsFRA:92M -0.70%77 Gross Margin % is 59.72% as of Mar. 2026, which is 17% below its 10-year median of 71.71. GuruFocus rates FRA:92M with a GF Score™ of 77/100 and a GF Value™ of €3.05 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,009 Semiconductors companies, CML Microsystems ranks better than 93.36% 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
CML Microsystems had a gross margin of 59.72% 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.
CML Microsystems Gross Margin % Related Terms
CML Microsystems Gross Margin % Historical Data
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The historical data trend for CML Microsystems'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:92M vs NVDA, AVGO, MU: Gross Margin % Comparison
For the Semiconductors subindustry, CML Microsystems'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.
CML Microsystems Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, CML Microsystems's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CML Microsystems'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.
CML Microsystems (FRA:92M) has a Gross Margin % of 59.72% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on CML Microsystems and its competitors. This is 17% below median its historical median of 71.71. Over the past decade, CML Microsystems' Gross Margin % has ranged from 63.03 to 78.21. According to the industry distribution chart, CML Microsystems ranks #67 out of 1009 companies in the Semiconductors industry, placing it in the top 6.6%.
Is CML Microsystems' Gross Margin % too high?
CML Microsystems' current Gross Margin % of 59.72% is 17% below median its 10-year median of 71.71. Over the past 10 years, this metric has ranged from a low of 63.03 to a high of 78.21. The Semiconductors industry median Gross Margin % is 29.61. CML Microsystems' value of 59.72% is 101.7% above this industry median. Based on the distribution chart, CML Microsystems ranks #67 out of 1009 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, CML Microsystems has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CML Microsystems' Gross Margin % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, CML Microsystems ranks #67 out of 1009 companies for Gross Margin %. This places CML Microsystems in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.61. CML Microsystems' value of 59.72% is 101.7% above this benchmark. Historically, CML Microsystems' own Gross Margin % has ranged from 63.03 to 78.21 over the past decade. While the company's 10-year median is 71.71 vs. the industry median of 29.61, CML Microsystems 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 Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,009 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. CML Microsystems's current Gross Margin % of 59.72% is 101.7% 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 CML Microsystems and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CML Microsystems's current Gross Margin % is 59.72%, which is 17% below median its own 10-year median of 71.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CML Microsystems stock overvalued right now?
Based on GuruFocus' analysis, CML Microsystems (FRA:92M) is currently considered Fairly Valued. The stock's GF Value™ is €3.05, compared to a current price of €2.84 — trading 6.9% below its estimated fair value. The current Gross Margin % is 59.72%, which is 17% below median its 10-year median of 71.71 and 101.7% above the Semiconductors industry median of 29.61. CML Microsystems' overall GF Score™ is 77/100 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 CML Microsystems (FRA:92M), the current Gross Margin % is 59.72% 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 CML Microsystems (FRA:92M) Overvalued in 2026?
Based on GuruFocus' analysis, CML Microsystems stock appears to be undervalued.
The current stock price of €2.84 is trading 6.9% below its estimated GF Value™ of €3.05.
GuruFocus considers CML Microsystems to be Fairly Valued.
Key valuation signals for FRA:92M:
Gross Margin %: 59.72% (17% below median its 10-year median of 71.71)
GF Value™: €3.05 vs. price of €2.84 (6.9% below fair value)
Industry Position: 101.7% above the Semiconductors median (#67 of 1009)
No single metric tells the full story. See the FRA:92M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CML Microsystems PLC designs manufacture and markets a range of semiconductors for industrial and professional applications within the storage, wireless, and wireline communications market areas. It operates internationally with subsidiaries across the United Kingdom, Europe, the Americas, and the Far East. The company is focused only one reporting segment, the Semiconductor segment.
77GF Score
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