Hang Lung PropertiesFRA:AOP +1.19%81 Gross Margin % is 65.68% as of Dec. 2025, which is 8% below its 10-year median of 71.03. GuruFocus rates FRA:AOP with a GF Score™ of 81/100 and a GF Value™ of €0.86. The stock has 7 warning signs investors should review. Among 1,646 Real Estate companies, Hang Lung Properties ranks better than 76.85% on this metric.
Hang Lung Properties Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.1%.
The historical rank and industry rank for Hang Lung Properties's Gross Margin % or its related term are showing as below:
FRA:AOP'
s Gross Margin % Range Over the Past 10 Years
Min: 57.42 Med: 71.03 Max: 73.28
Current: 65.6
During the past 13 years, the highestGross Margin % of Hang Lung Properties was 73.28%. The lowest was 57.42%. And the median was 71.03%.
FRA:AOP's Gross Margin % is ranked better than 76.85% of 1646
companies
in the Real Estate industry
Industry Median: 36.96
vs FRA:AOP: 65.60
Hang Lung Properties had a gross margin of 65.68% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Hang Lung Properties was -3.10% per year.
Hang Lung Properties (FRA:AOP) 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
Hang Lung Properties had a gross margin of 65.68% for the quarter that ended in Dec. 2025 => 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.
Hang Lung Properties Gross Margin % Related Terms
Hang Lung Properties Gross Margin % Historical Data
* Premium members only.
The historical data trend for Hang Lung Properties'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:AOP vs CBRE, BEKE, JLL: Gross Margin % Comparison
For the Real Estate Services subindustry, Hang Lung Properties'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.
Hang Lung Properties Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hang Lung Properties's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hang Lung Properties'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.
Hang Lung Properties (FRA:AOP) has a Gross Margin % of 65.68% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Hang Lung Properties and its competitors. This is near median its historical median of 71.03. Over the past decade, Hang Lung Properties' Gross Margin % has ranged from 57.42 to 73.28. According to the industry distribution chart, Hang Lung Properties ranks #381 out of 1646 companies in the Real Estate industry, placing it in the top 23.1%.
Is Hang Lung Properties' Gross Margin % too high?
Hang Lung Properties' current Gross Margin % of 65.68% is near median its 10-year median of 71.03. Over the past 10 years, this metric has ranged from a low of 57.42 to a high of 73.28. The Real Estate industry median Gross Margin % is 36.96. Hang Lung Properties' value of 65.68% is 77.7% above this industry median. Based on the distribution chart, Hang Lung Properties ranks #381 out of 1646 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hang Lung Properties has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Properties' Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hang Lung Properties ranks #381 out of 1646 companies for Gross Margin %. This places Hang Lung Properties in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.96. Hang Lung Properties' value of 65.68% is 77.7% above this benchmark. Historically, Hang Lung Properties' own Gross Margin % has ranged from 57.42 to 73.28 over the past decade. While the company's 10-year median is 71.03 vs. the industry median of 36.96, Hang Lung Properties 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.96, based on 1,646 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. Hang Lung Properties's current Gross Margin % of 65.68% is 77.7% 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 Hang Lung Properties and its competitors. For the Real Estate industry, the median Gross Margin % is 36.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hang Lung Properties's current Gross Margin % is 65.68%, which is near median its own 10-year median of 71.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hang Lung Properties stock overvalued right now?
Hang Lung Properties (FRA:AOP) has a current Gross Margin % of 65.68%. The stock's GF Value™ is €0.86, compared to a current price of €0.75 — trading 12.9% below its estimated fair value. The current Gross Margin % is 65.68%, which is near median its 10-year median of 71.03 and 77.7% above the Real Estate industry median of 36.96. Hang Lung Properties' overall GF Score™ is 81/100 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 Hang Lung Properties (FRA:AOP), the current Gross Margin % is 65.68% 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 Hang Lung Properties (FRA:AOP) Overvalued in 2026?
Based on GuruFocus' analysis, Hang Lung Properties stock appears to be undervalued.
The current stock price of €0.75 is trading 12.9% below its estimated GF Value™ of €0.86.
Key valuation signals for FRA:AOP:
Gross Margin %: 65.68% (near median its 10-year median of 71.03)
GF Value™: €0.86 vs. price of €0.75 (12.9% below fair value)
Industry Position: 77.7% above the Real Estate median (#381 of 1646)
No single metric tells the full story. See the FRA:AOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hung Lung Properties, or HLP, is the property arm of Hang Lung Group Limited and primarily operates premium commercial properties in mainland China and Hong Kong. The company also develops and sells residential properties in both regions. Most of its revenue is generated from mainland China, with focus on retail malls in Tier 1 and 2 cities including Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang and Tianjin. The company is 59% owned by Hang Lung Group.
81GF Score
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