Also Holding AGFRA:9AS -0.95%62 Gross Margin % is 6.39% as of Dec. 2025, which is 4% above its 10-year median of 6.15. GuruFocus rates FRA:9AS with a GF Score™ of 62/100 and a GF Value™ of €327.98 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,449 Hardware companies, Also Holding AG ranks worse than 90.77% on this metric.
The historical rank and industry rank for Also Holding AG's Gross Margin % or its related term are showing as below:
FRA:9AS'
s Gross Margin % Range Over the Past 10 Years
Min: 5.37 Med: 6.15 Max: 7.27
Current: 6.66
During the past 13 years, the highestGross Margin % of Also Holding AG was 7.27%. The lowest was 5.37%. And the median was 6.15%.
FRA:9AS's Gross Margin % is ranked worse than 90.77% of 2449
companies
in the Hardware industry
Industry Median: 24.5
vs FRA:9AS: 6.66
Also Holding AG had a gross margin of 6.39% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Also Holding AG was 5.40% per year.
Also Holding AG (FRA:9AS) 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
Also Holding AG had a gross margin of 6.39% for the quarter that ended in Dec. 2025 => No sustainable 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.
Also Holding AG Gross Margin % Related Terms
Also Holding AG Gross Margin % Historical Data
* Premium members only.
The historical data trend for Also Holding AG'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:9AS vs SNX, ARW, AVT: Gross Margin % Comparison
For the Electronics & Computer Distribution subindustry, Also Holding AG'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.
Also Holding AG Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Also Holding AG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Also Holding AG'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.
Also Holding AG (FRA:9AS) has a Gross Margin % of 6.39% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Also Holding AG and its competitors. This is near median its historical median of 6.15. Over the past decade, Also Holding AG's Gross Margin % has ranged from 5.37 to 7.27. According to the industry distribution chart, Also Holding AG ranks #2223 out of 2449 companies in the Hardware industry, placing it in the top 90.8%.
Is Also Holding AG's Gross Margin % too high?
Also Holding AG's current Gross Margin % of 6.39% is near median its 10-year median of 6.15. Over the past 10 years, this metric has ranged from a low of 5.37 to a high of 7.27. The Hardware industry median Gross Margin % is 24.50. Also Holding AG's value of 6.39% is 73.9% below this industry median. Based on the distribution chart, Also Holding AG ranks #2223 out of 2449 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Also Holding AG has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Also Holding AG's Gross Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, Also Holding AG ranks #2223 out of 2449 companies for Gross Margin %. This places Also Holding AG in the lower half of its industry. The industry median Gross Margin % is 24.50. Also Holding AG's value of 6.39% is 73.9% below this benchmark. Historically, Also Holding AG's own Gross Margin % has ranged from 5.37 to 7.27 over the past decade. While the company's 10-year median is 6.15 vs. the industry median of 24.50, Also Holding AG has consistently been below 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. Also Holding AG's current Gross Margin % of 6.39% is 73.9% below 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 Also Holding AG 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. Also Holding AG's current Gross Margin % is 6.39%, which is near median its own 10-year median of 6.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Also Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Also Holding AG (FRA:9AS) is currently considered Possible Value Trap. The stock's GF Value™ is €327.98, compared to a current price of €208.00 — trading 36.6% below its estimated fair value. The current Gross Margin % is 6.39%, which is near median its 10-year median of 6.15 and 73.9% below the Hardware industry median of 24.50. Also Holding AG's overall GF Score™ is 62/100 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 Also Holding AG (FRA:9AS), the current Gross Margin % is 6.39% as of Dec. 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 Also Holding AG (FRA:9AS) Overvalued in 2026?
Based on GuruFocus' analysis, Also Holding AG stock appears to be undervalued.
The current stock price of €208.00 is trading 36.6% below its estimated GF Value™ of €327.98.
GuruFocus considers Also Holding AG to be Possible Value Trap.
Key valuation signals for FRA:9AS:
Gross Margin %: 6.39% (near median its 10-year median of 6.15)
GF Value™: €327.98 vs. price of €208.00 (36.6% below fair value)
Industry Position: 73.9% below the Hardware median (#2223 of 2449)
No single metric tells the full story. See the FRA:9AS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Also Holding AG is an information and communications technology distribution company. It distributes a wide portfolio of hardware, software, and digital products of various technology brands. The industries it caters to include information technology, data centers, consumer electronics, and telecommunications. It also connects service providers of cloud solutions with their customers and aids the provision of financial, logistics, and IT services. The company's operating segments are: Central Europe, which generates the maximum revenue, and Northern/Eastern Europe. Geographically, it derives maximum revenue from the United Kingdom, followed by Germany, Poland, Switzerland, and other markets.
62GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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