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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
Hoshino Resorts REIT had a gross margin of 61.45% 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.
Hoshino Resorts REIT Gross Margin % Related Terms
Hoshino Resorts REIT Gross Margin % Historical Data
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The historical data trend for Hoshino Resorts REIT'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:A3F vs HST, RHP, APLE: Gross Margin % Comparison
For the REIT - Hotel & Motel subindustry, Hoshino Resorts REIT'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.
Hoshino Resorts REIT Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Hoshino Resorts REIT's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hoshino Resorts REIT'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.
Hoshino Resorts REIT (FRA:A3F) has a Gross Margin % of 61.45% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hoshino Resorts REIT and its competitors. This is near median its historical median of 60.09. Over the past decade, Hoshino Resorts REIT's Gross Margin % has ranged from 51.49 to 65.41. According to the industry distribution chart, Hoshino Resorts REIT ranks #470 out of 676 companies in the REITs industry, placing it in the top 69.5%.
Is Hoshino Resorts REIT's Gross Margin % too high?
Hoshino Resorts REIT's current Gross Margin % of 61.45% is near median its 10-year median of 60.09. Over the past 10 years, this metric has ranged from a low of 51.49 to a high of 65.41. The REITs industry median Gross Margin % is 69.71. Hoshino Resorts REIT's value of 61.45% is 11.8% below this industry median. Based on the distribution chart, Hoshino Resorts REIT ranks #470 out of 676 companies in the REITs industry, which is below the industry midpoint. Overall, Hoshino Resorts REIT has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Hoshino Resorts REIT's Gross Margin % compare to HST and RHP?
According to the REITs industry distribution chart, Hoshino Resorts REIT ranks #470 out of 676 companies for Gross Margin %. This places Hoshino Resorts REIT in the lower half of its industry. The industry median Gross Margin % is 69.71. Hoshino Resorts REIT's value of 61.45% is 11.8% below this benchmark. Historically, Hoshino Resorts REIT's own Gross Margin % has ranged from 51.49 to 65.41 over the past decade. While the company's 10-year median is 60.09 vs. the industry median of 69.71, Hoshino Resorts REIT 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 REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 676 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. Hoshino Resorts REIT's current Gross Margin % of 61.45% is 11.8% 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 Hoshino Resorts REIT and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoshino Resorts REIT's current Gross Margin % is 61.45%, which is near median its own 10-year median of 60.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshino Resorts REIT stock overvalued right now?
Hoshino Resorts REIT (FRA:A3F) has a current Gross Margin % of 61.45%. The stock's GF Value™ is €1,646.09, compared to a current price of €1,300.00 — trading 21% below its estimated fair value. The current Gross Margin % is 61.45%, which is near median its 10-year median of 60.09 and 11.8% below the REITs industry median of 69.71. Hoshino Resorts REIT's overall GF Score™ is 71/100 with 5 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 Hoshino Resorts REIT (FRA:A3F), the current Gross Margin % is 61.45% 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 Hoshino Resorts REIT (FRA:A3F) Overvalued in 2026?
Based on GuruFocus' analysis, Hoshino Resorts REIT stock appears to be undervalued.
The current stock price of €1,300.00 is trading 21% below its estimated GF Value™ of €1,646.09.
Key valuation signals for FRA:A3F:
Gross Margin %: 61.45% (near median its 10-year median of 60.09)
GF Value™: €1,646.09 vs. price of €1,300.00 (21% below fair value)
Industry Position: 11.8% below the REITs median (#470 of 676)
No single metric tells the full story. See the FRA:A3F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.
71GF Score
Get the complete analysis for FRA:A3F
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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