CEZ ASFRA:CEZ -1.20%79 Gross Margin % is 55.90% as of Mar. 2026, which is 23% above its 10-year median of 45.50. GuruFocus rates FRA:CEZ with a GF Score™ of 79/100 and a GF Value™ of €44.94 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 491 Utilities - Regulated companies, CEZ AS ranks better than 84.52% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. CEZ AS's Gross Profit for the
three
months ended in Mar. 2026 was €1,928 Mil. CEZ AS's Revenue for the
three
months ended in Mar. 2026 was €3,449 Mil. Therefore, CEZ AS's Gross Margin % for the quarter that ended in Mar. 2026 was 55.90%.
The historical rank and industry rank for CEZ AS's Gross Margin % or its related term are showing as below:
FRA:CEZ'
s Gross Margin % Range Over the Past 10 Years
Min: 37.04 Med: 45.5 Max: 55.23
Current: 55.06
During the past 13 years, the highestGross Margin % of CEZ AS was 55.23%. The lowest was 37.04%. And the median was 45.50%.
FRA:CEZ's Gross Margin % is ranked better than 84.52% of 491
companies
in the Utilities - Regulated industry
Industry Median: 30.95
vs FRA:CEZ: 55.06
CEZ AS had a gross margin of 55.90% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for CEZ AS was 3.90% per year.
CEZ AS (FRA:CEZ) 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
CEZ AS had a gross margin of 55.90% 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.
CEZ AS Gross Margin % Related Terms
CEZ AS Gross Margin % Historical Data
* Premium members only.
The historical data trend for CEZ AS'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:CEZ vs NEE, SO, DUK: Gross Margin % Comparison
For the Utilities - Regulated Electric subindustry, CEZ AS'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.
CEZ AS Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CEZ AS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CEZ AS'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.
CEZ AS (FRA:CEZ) has a Gross Margin % of 55.90% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on CEZ AS and its competitors. This is 23% above median its historical median of 45.50. Over the past decade, CEZ AS's Gross Margin % has ranged from 37.04 to 55.23. According to the industry distribution chart, CEZ AS ranks #76 out of 491 companies in the Utilities - Regulated industry, placing it in the top 15.5%.
Is CEZ AS's Gross Margin % too high?
CEZ AS's current Gross Margin % of 55.90% is 23% above median its 10-year median of 45.50. Over the past 10 years, this metric has ranged from a low of 37.04 to a high of 55.23. The Utilities - Regulated industry median Gross Margin % is 30.95. CEZ AS's value of 55.90% is 80.6% above this industry median. Based on the distribution chart, CEZ AS ranks #76 out of 491 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, CEZ AS has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CEZ AS's Gross Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CEZ AS ranks #76 out of 491 companies for Gross Margin %. This places CEZ AS in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 30.95. CEZ AS's value of 55.90% is 80.6% above this benchmark. Historically, CEZ AS's own Gross Margin % has ranged from 37.04 to 55.23 over the past decade. While the company's 10-year median is 45.50 vs. the industry median of 30.95, CEZ AS 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 an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.95, based on 491 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. CEZ AS's current Gross Margin % of 55.90% is 80.6% 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 CEZ AS and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEZ AS's current Gross Margin % is 55.90%, which is 23% above median its own 10-year median of 45.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEZ AS stock overvalued right now?
Based on GuruFocus' analysis, CEZ AS (FRA:CEZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €44.94, compared to a current price of €49.60 — trading 10.4% above its estimated fair value. The current Gross Margin % is 55.90%, which is 23% above median its 10-year median of 45.50 and 80.6% above the Utilities - Regulated industry median of 30.95. CEZ AS's overall GF Score™ is 79/100 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 CEZ AS (FRA:CEZ), the current Gross Margin % is 55.90% 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 CEZ AS (FRA:CEZ) Overvalued in 2026?
Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued.
The current stock price of €49.60 is trading 10.4% above its estimated GF Value™ of €44.94.
GuruFocus considers CEZ AS to be Modestly Overvalued.
Key valuation signals for FRA:CEZ:
Gross Margin %: 55.90% (23% above median its 10-year median of 45.50)
GF Value™: €44.94 vs. price of €49.60 (10.4% above fair value)
Industry Position: 80.6% above the Utilities - Regulated median (#76 of 491)
No single metric tells the full story. See the FRA:CEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.
79GF Score
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